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Samsung forecasts record third-quarter profit of $80 billion as AI boom fuels chip demand
Samsung reported record third-quarter operating profit of 107.40 trillion won ($80.2 billion), driven by strong artificial intelligence-related chip demand, though stock price declined despite the results.
Bank of America shares drop after third-quarter revenue miss and regulatory penalty
Bank of America shares fell nearly 5% after the bank reported a $1.2 billion regulatory penalty and trading revenue that disappointed analysts, with third-quarter profit declining 17%.
Woman told Russell Brand he ‘treated her like an animal’, court hears
Russell Brand’s trial heard testimony from a woman who claims he raped her in 2009. She told the court she did not consent to anal sex and later messaged him saying he had “treated her like an animal.”
Belfast comedian Vittorio Angelone criticised for rape “joke”
Belfast comedian Vittorio Angelone faced criticism for making a rape joke about content creator Rebecca Goodwin, who had publicly disclosed being a sexual assault survivor. Angelone has since apologized on social media and directly to Goodwin.
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Europe’s car makers are in crisis. Will the threat of war rescue them?
European car manufacturers are pivoting toward military vehicle production as traditional automotive demand declines, with companies like Ford, Renault, and Volkswagen pursuing defense contracts.
Netflix to lay off roughly 1,000 employees, or 6% of workforce
Netflix announced layoffs affecting roughly 1,000 employees, or 6% of its workforce, with cuts concentrated in product, tech, legal, and HR teams.
Bank of America hired 1,000 contractors to patch software flaws exposed by Anthropic’s Mythos
Bank of America hired 1,000 contractors to patch software vulnerabilities identified by Anthropic’s advanced AI model Mythos, spending several hundred million dollars on remediation efforts.
European air fares could rise by as much as 20% in 2027, Ryanair boss predicts
Ryanair’s chief executive predicts European air fares could rise by 10-20% next year due to elevated jet fuel costs stemming from Middle East geopolitical tensions and limited hedging protection.
French borrowing costs hit 24-year high as civil unrest and budget fears spook markets
France’s borrowing costs exceed 5% for the first time in 24 years amid civil unrest and budget deadlock, with yields on 10-year bonds rising sharply as political gridlock persists.
Double blow to Healey as inflation rises to 3.5% and monthly deficit hits £24bn
UK inflation rose to 3.5% last month while the government deficit hit £24.5bn, delivering dual challenges for Chancellor Healey ahead of next week’s budget announcement.
EBay to lay off 9% of workforce in its second round of job cuts this year
eBay is cutting 9% of its workforce, affecting roughly 1,000 employees, marking the company’s second major layoff this year as it realigns operations around strategic priorities.
Battle over Meta’s alleged Bolsonaro bias intensifies days before Brazil presidential runoff
Meta faces allegations of electoral bias in Brazil’s presidential runoff, with Lula’s campaign claiming the platform restricted his content while favoring opponent Bolsonaro, allegations the company denies as technical incidents.
Trump says AI data centres should pay ‘dividends’ in pre-midterm shift
President Trump proposed that AI data centres pay financial dividends to communities to boost their popularity, citing successful precedent ahead of midterm elections.
‘You are a humanitarian also, sir’: the US feeds Putin with lies as Ukraine’s children take cover and die | Andrew Roth
A US envoy met with Putin in St. Petersburg, employing flattery and diplomatic pressure on Ukraine as part of peace negotiations, while Russian attacks continue killing civilians including children in Ukrainian cities.
Actors, writers condemn UK anti-terror law targeting Sally Rooney
Dozens of prominent writers and actors have condemned a UK anti-terror law after Sally Rooney’s books were withdrawn from sale in the country due to her support for Palestine Action.
Thousands march for school funding in Greece
Thousands of students and teachers rallied across Greek cities on Wednesday, demanding increased education funding, better facilities, and smaller class sizes amid broader European youth-led protests.