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Beer giant Asahi not engaging with ransomware hackers
Japanese beer giant Asahi said Thursday it was not negotiating with the hackers behind a "sophisticated and cunning" ransomware attack that is about to enter its third month. It was a sophisticated and cunning attack," Katsuki said.
Asian stocks track latest Wall St rally as rate bets rise
Asian markets rose again Thursday to extend the week's global rally as traders ramp up bets on a third successive US interest rate cut next month. The global gains come after markets took a hit this month on concerns that a tech-led surge in recent years may have been overdone and the vast sums invested in the AI sector will take some time to see returns.
High-flying tech hits potholes in India's Silicon Valley
In India's tech capital Bengaluru, the morning "rush hour" lasts so long it devours half the workday, throttling productivity in a city often viewed as the poster child of a booming economy.
Japan beer giant Asahi delays earnings due to cyberattack
Japanese beer giant Asahi said Thursday it has delayed the release of full-year financial results due to a major ongoing cyberattack that began in late September. "While the Company is making every effort to restore the system as quickly as possible, it has decided to postpone the announcement of financial results for the fiscal year ending December 31, 2025," Asahi said in a statement.
Climate change 'increasingly threatens' dynamic Spanish economy: OECD
The consequences of climate change such as last year's deadly floods "increasingly threaten" the growth of Spain's economy, one of the developed world's most dynamic, the OECD warned on Wednesday.
Campbell's responds to 'absurd' charge it uses 3D-printed chicken
Food giant Campbell's has dismissed as "absurd" claims allegedly made by a senior executive, who has since been placed on leave, that its soups are made with "3D-printed" chicken and consumed by "poor people." In the audio, a voice -- allegedly Bally's -- is deriding Campbell's "highly processed foods" as "shit for ... poor people."
US farmers, firms flag higher costs even as Trump touts affordability
As biting prices weigh on families heading into the US holiday season, farmers and business owners say President Donald Trump's tariffs have driven up production costs on everything from turkeys to vegetables. Some small business owners say they struggle to survive, even as the year-end shopping season approaches.
UK allows new oil, gas drilling in existing North Sea fields
Britain's government signalled Wednesday it could issue permits for oil and gas extraction around existing North Sea fields, despite a promise to halt licences for new production in the area. The government said it aims to "manage existing oil and gas fields for their lifespan and not to issue new licences to explore new fields".
Insurance giant Allianz signals job cuts in AI shift
German insurance giant Allianz signalled Wednesday looming job cuts due to its adoption of artificial intelligence with a report saying up to 1,800 roles, mainly in call centres, could be axed. Many companies have been announcing job cuts due to adoption of AI as the boom in the technology gathers pace. sr/fz/rl
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