Category: World & Technology
Dated, source-linked briefings on global news, technology and the developments behind the headlines.
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Spotify reports 306 million Premium subscribers
Spotify’s third-quarter release reports 306 million Premium subscribers and 788 million monthly active users. Revenue reached €5.0 billion and operating income €672 million, according to the company.
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Grupo Bimbo lifts the lower end of its margin-growth outlook
Grupo Bimbo raised the lower end of its annual adjusted EBITDA margin-expansion guidance from 70 to 85 basis points, Reuters reports. The upper end remained 120 basis points.
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Japan’s flash manufacturing PMI eases but stays in expansion
Japan’s flash manufacturing PMI fell to 53.3 in October from 54.1 in September, Reuters reports. The survey indicated slower growth in output and new orders.
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HD Hyundai and Kiewit plan a new US shipyard
HD Hyundai said it signed a deal with Kiewit for a US shipyard, Reuters reports. Construction is planned for 2027, with operations expected in 2029 and about 3,000 jobs anticipated.
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Japan’s September core inflation rises to 2.1%
Japan’s core consumer-price index rose 2.1% year-on-year in September, up from 1.7% in August, Reuters reports. This measure excludes fresh food but includes fuel.
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SpaceX reportedly seeks access to 80,000 US cellular sites
SpaceX is discussing access to at least 80,000 US cellular sites, Bloomberg reported, according to Reuters. The companies involved had not immediately responded to Reuters’ requests for comment.
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IBM’s software rebound prompts questions about deal timing
Analysts questioned the durability of IBM’s software rebound because some growth came from delayed deals, Reuters reports. IBM raised the lower end of its annual software-growth outlook while keeping its overall revenue forecast unchanged.
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L&T Technology Services reports higher quarterly revenue
L&T Technology Services reported quarterly revenue of ₹30.4 billion, up from ₹27.13 billion a year earlier, Reuters reports. Management expects a stronger second half as large deals progress.
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Britain’s network operators expect enough winter energy supply
Britain’s gas and electricity network operators expect sufficient supply for winter demand, Reuters reports. NESO said some December and January days could require routine notices seeking additional generation.
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Japan considers reducing gasoline subsidies from December
Japan is considering gradually reducing gasoline subsidies as early as December, Reuters reports, citing two ruling-party officials familiar with discussions. The energy agency had not immediately commented.