Indonesia’s Jonatan Christie got his 2025 Hylo Open campaign off to a flying start on Wednesday (29 October), dismissing India’s Tharun Mannepalli 21–11, 21–12 in the first round of the men’s badminton singles tournament.
Air Liquide has successfully issued a 2.15 billion euros multi-tranche bond. This large-scale financial operation is intended for the financing of the strategic acquisition of DIG Airgas to be closed in the upcoming months1. DIG Airgas is a major and recognized player in the industrial gas industry in the South Korean market, a country at the forefront of the next waves of development in key sectors like the semiconductors industry, decarbonized energy and mobility. This highly complementary acquisition is a strategic move that will strengthen our presence in the Republic of Korea and beyond in Asia, reinforcing our position across key existing and growing markets.
This transaction, significantly oversubscribed by investors, was executed under the Group’s Euro Medium Term Note (EMTN) programme. With this issuance, Air Liquide is raising 2.15 billioneuros with 2-year, 4-year, 7.5-year and 12-year maturities at a weighted average interest rate below 3.00% per annum.
This issue will be rated « A » by Standard & Poor’s and Scope Ratings and « A2 » by Moody’s.
Jérôme Pelletan, Group Chief Financial Officer and Member of the Air Liquide Executive Committee, stated :
“The success of this bond issuance, confirms our strong market standing and reflects investors’ continued confidence in our robust business model and performance trajectory. The funds raised will be used to finance the acquisition of DIG Airgas. This strategic transaction is driven by the perfect complementarity between DIG Airgas and Air Liquide in the Republic of Korea, that will additionally deliver highly executable synergies, including secured growth from DIG’s investment backlog.”
1 Following the completion of relevant regulatory clearances
Air Liquide has successfully issued a 2.15 billion euros multi-tranche bond to finance the DIG Airgas acquisition
Seizing Ho Chi Minh City’s low-carbon economic opportunities with a net zero industrial precinct approach is both an economic imperative and a climate opportunity.
Vietnam’s industrial zones are central to its economic success, but they also account for a significant share of national emissions.
In line with its net zero by 2050 commitment and evolving international trade requirements, Vietnam – and particularly Ho Chi Minh City (HCMC) – is taking steps to align its industrial growth with decarbonisation pathways.
Net zero industrial precincts (NZIPs) offer a coordinated, place-based decarbonisation approach.
They can help unlock shared infrastructure for clean energy, reduce the cost and risk of new technologies, and position HCMC as a globally competitive, net zero-aligned manufacturing hub.
By decarbonising its industrial zones through an NZIP framework, the city can future-proof its industries against trade regulations while attracting low-carbon investment and maintaining market access.
HCMC has over 17 industrial zones, each varying in size, types of industries, and energy and emissions profiles.
These differences mean each zone has differing decarbonisation opportunities – highlighting the benefits of taking a place-based approach.
In industries such as electronics and machinery, priorities include electrification, energy efficiency upgrades, fuel switching and rooftop solar deployment.
In contrast, heavy industries, such as steel and chemicals, require more complex interventions, including the use of hydrogen, ammonia, sustainable biomass and potentially carbon capture, utilisation and storage (CCUS).
Each zone’s energy and emissions profile informs tailored interventions that reflect both the technological requirements and market pressures of its key sectors such as electronics, steel, plastics, cement and textiles.
In this report, Climateworks analyses five representative industrial zones that cover over 70 per cent of HCMC’s industrial energy use and a wide range of sectors.
These include Saigon Hi-Tech Park, Tan Thuan Export Processing Zone, and Tan Tao, Hiep Phuoc and Dong Nam Industrial Zones.
Through this analysis, we identify common decarbonisation levers that can be applied across HCMC, including renewable energy, electrification of heating and improving energy efficiency.
Financing HCMC’s industrial transition requires targeted use of blended capital, de-risking mechanisms and the alignment of Vietnam’s nascent carbon market, green bond frameworks and sustainability-linked loans.
As HCMC is set to become an international financial hub, the city is well placed to mobilise capital for industrial transition.
We recommend a phased implementation strategy beginning with pilot projects in high-readiness zones, supported by key performance indicators, emissions baselines and public–private investment coordination.
The success of these pilots will not only help reduce local emissions but also provide a national model for industrial transition that can inform future scaling across Vietnam’s industrial ecosystem.
Realising this vision requires action across four foundational pillars and one cross-cutting enabler.
Firstly, it means developing coordination and skills to embed cross-sectoral governance mechanisms and building institutional capacity.
Secondly, it is building the necessary enabling infrastructure, including renewable electricity, green hydrogen supply, lowcarbon transport and industrial-scale heat recovery networks.
Thirdly, it means decarbonising existing industries through process upgrades, electrification, energy efficiency and low-carbon procurement standards.
Lastly, it is attracting new industries through targeted investment, incentives and policy certainty.
There are also cross-cutting enablers that are critical to unlock the required capital and deliver long-term social and economic resilience, such as sustainable finance mechanisms (e.g. green bonds, sustainability-linked loans and concessional climate finance) and workforce reskilling.
By combining our analysis of HCMC’s industrial zones with international case studies of industrial transition, this report presents a roadmap for implementing NZIPs in HCMC. HCMC stands at a strategic crossroads.
By implementing net zero industrial precincts, the city can demonstrate climate leadership, secure long-term industrial competitiveness and catalyse Vietnam’s broader transition to a resilient, low-carbon economy
SAN FRANCISCO — Google’s corporate parent on Wednesday announced its first-ever quarter with more than $100 billion in revenue, a milestone that illustrates the unwavering power of its internet empire amid legal and competitive threats.
The news of Alphabet Inc.’s accelerating growth in revenue and profit comes on the heels of a court ruling in the U.S. Justice Department’s landmark monopoly case against Google’s dominant search engine that was widely seen as a mild rebuke that wouldn’t hobble the company.
Alphabet performed like a powerhouse during the July-September period, delivering a profit of nearly $35 billion, or $2.87 per share, a 33% increase from the same time last year. Revenue rose 16% from last year to $102.3 billion. Both figures easily exceeded the analysts’ projections that steer the stock market.
Investors celebrated the third-quarter numbers by driving up Alphabet’s stock price nearly 5% in Wednesday’s extended trading.
That’s on top of a 30% surge in Alphabet’s shares that has created nearly $770 billion in stockholder wealth since early September. That’s when U.S. District Judge Amit Mehta rejected a Justice Department proposal to break up Google to curb the abuses of a search engine that was declared an illegal monopoly last year.
Mehta’s cautious handling of Google’s search monopoly largely reflected his belief that rapid advances in artificial intelligence technology have already been spawning conversational “answer engines” from rising tech stars such as ChatGPT and Perplexity that are giving consumers more options.
ChatGPT’s creator OpenAI and Perplexity have released AI-powered web browsers to compete against Google’s industry-leading Chrome browser that the Justice Department had unsuccessfully tried to persuade Mehta to order to be sold.
But Google has been implanting more AI features into both its search engine and Chrome, as well as its other products, as part of its effort to protect its turf while also expanding into new technological frontiers. In a sign of the inroads those efforts are making, Alphabet CEO Sundar Pichai disclosed Wednesday that Google’s AI-powered Gemini app now has 650 million monthly users.
Like other major tech companies, Google has been bankrolling its AI ambitions with a spending spree that has raised worries about a potential bubble that will eventually burst. Alphabet now expects to budget $91 billion to $93 billion for capital expenditures this year, up from $85 billion in its previous quarterly report issued in July, with most of the money earmarked for the massive data centers needed to power AI.
Alphabet has the luxury of drawing upon a lucrative ad network that Google has spent a quarter century building. Google’s ad sales totaled $74.2 billion in the third quarter, a 13% increase from last year.
The AI craze has been a boon for Google’s Cloud division that oversees data centers for other companies, an endeavor that has turned into the fastest growing part of Alphabet. Google Cloud posted revenue of $15.2 billion in the past quarter, up 34% from last year.
Although Google appears to have fared relatively well in the legal attack on its search engine, it still faces a potentially damaging blow in another case brought by the Justice Department against the technology underlying its ad network.
After condemning parts of Google’s ad technology as an illegal monopoly earlier this year, U.S. District Judge Leonie Brinkema is considering ways to handcuff the company in the future. The Justice Department is seeking a court order to force Google to sell pieces of its ad network — an issue that Brinkema isn’t expected to rule on until early next year.
SANTA CLARA, Calif., and MEMPHIS, Tenn. – Oct. 29, 2025 –ServiceNow (NYSE: NOW), the AI platform for business transformation, and FedEx Dataworks, the insights and intelligence platform moving FedEx beyond transportation, today announced an expanded strategic collaboration to power supply chains of the future by uniting AI, data, and workflows. The companies will combine FedEx Dataworks’ economic and supply chain network data with the automation capabilities of the ServiceNow AI Platform to deliver workflows that anticipate disruptions, optimize networks, and turn complexity into competitive advantage. To start, FedEx Dataworks will integrate with ServiceNow procurement solutions to provide real-time intelligence into supply chain performance to help businesses make smarter sourcing decisions, reduce risk, and drive faster, data-driven procurement outcomes.
This strategic collaboration marks a new phase in intelligent, resilient, AI-native supply chain solutions. At the core of this expanded relationship is a long-term commitment to develop end-to-end supply chain workflows that unify planning, procurement, logistics, and network optimization in a single, intelligent platform with net new agentic and AI-native capabilities for customers.
The companies’ near-term focus is integrating FedEx Dataworks intelligence — spanning shipment data, route performance and availability, and disruptive events — with ServiceNow Source-to-Pay Operations. This integration is intended to enable organizations to spot supplier shortfalls early, increase confidence in supply chain continuity, and decrease costs associated with operational issues.
“In a world defined by constant disruption, agility isn’t just a competitive advantage — it’s how businesses grow and thrive,” said Paul Fipps, president of Global Customer Operations at ServiceNow. “We’ve seen how FedEx Dataworks is using the power of its data and technology innovation to transform global supply chain workflows. Together with ServiceNow’s single system of intelligent action, we’re pushing the boundaries of AI to help customers turn real-time insight into action, powering intelligent supply chains that anticipate, adapt, and act at the speed of their business.”
“Supply chains are the heartbeat of global commerce,” said Vishal Talwar, executive vice president, chief digital and information officer of FedEx Corp., and president of FedEx Dataworks. “By combining FedEx Dataworks’ economic and supply network intelligence with the ServiceNow AI Platform, we’re giving that heartbeat superpowers, empowering enterprises to stay ahead of change, move with intelligence, and lead with a level of precision and agility that simply wasn’t possible before.”
In addition, ServiceNow and FedEx Dataworks will undertake a multi-year initiative that will establish joint innovation hubs, platform integrations, and shared engineering resources to accelerate innovation. Together, these efforts advance a long-term vision to create the next generation of AI-powered supply chain solutions that bring agility, intelligence, and resilience at a global scale.
The first capabilities are expected to debut in the Source-to-Pay Operations products and solutions in Q1 2026, with broader availability to follow as part of the strategic collaboration’s phased rollout.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $89 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.
About ServiceNow
ServiceNow (NYSE: NOW) is putting AI to work for people. We move with the pace of innovation to help customers transform organizations across every industry while upholding a trustworthy, human-centered approach to deploying our products and services at scale. Our AI platform for business transformation connects people, processes, data, and devices to increase productivity and maximize business outcomes. For more information, visit: www.servicenow.com.
FedEx Forward-looking Statements
Certain statements in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act, such as statements regarding regarding future product capabilities and offerings and expected benefits to FedEx and the assumptions underlying such statement. FedF Forward-looking statements include those preceded by, followed by or that include the words “will,” “may,” “could,” “would,” “should,” “believes,” “expects,” “forecasts,” “anticipates,” “plans,” “estimates,” “targets,” “projects,” “intends” or similar expressions. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements, including those found in FedEx Corp.’s and its subsidiaries’ press releases and FedEx Corp.’s filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended May 31, 2025. Any forward-looking statement speaks only as of the date on which it is made. We do not undertake or assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
ServiceNow Forward-looking Statements
This press release contains “forward looking statements” about the expectations, beliefs, plans, and intentions relating to releasing a new integration. Such statements include statements regarding future product capabilities and offerings and expected benefits to ServiceNow. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, ServiceNow’s results could differ materially from the results expressed or implied by the forward-looking statements made. ServiceNow undertakes no obligation, and does not intend, to update the forward-looking statements. Factors that may cause actual results to differ materially from those in any forward looking statements include: (i) delays and unexpected difficulties and expenses in executing the partnership or delivering the product capabilities and offerings, (ii) changes in the regulatory landscape related to AI and (iii) uncertainty as to whether sales will justify the investments in the product capabilities and offerings. Further information on factors that could affect ServiceNow’s financial and other results is included in the filings ServiceNow makes with the Securities and Exchange Commission from time to time.
Xbox sales have been tanking for a while now — and the story hasn’t gotten any brighter. Microsoft just released its Q1 2026 earnings and Xbox hardware revenue was down 29 percent year-over-year. Last quarter, it was down 22 percent. Down 29…
Google’s parent company, Alphabet, displayed steady growth in its core advertising business and cloud computing division as it reported third-quarter earnings on Wednesday, beating Wall Street estimates as it reported its first quarter of $100bn in revenue.
The company thrilled Wall Street – shares rose in after-hours trading – even as it announced that it would spend billions more than previously predicted. Alphabet raised its capital expenditure guidance in financial filings, declaring it would spend between $91bn and $93bn in the upcoming year, nearly all of it on infrastructure like datacenters to support artificial intelligence products, which are becoming an integral part of the company’s business. That estimate is up from an original declaration of $75bn in February and a revised figure of $85bn announced in July.
The company reported total revenue of $102.35bn for the quarter, compared with analysts’ average estimate of $99.89bn, according to data compiled by LSEG.
Google Cloud remained one of Alphabet’s fastest-growing segments, benefiting from surging enterprise demand for AI-powered infrastructure and data analytics services. The unit posted revenue of $15.16bn, topping estimates of $14.72bn. The performance was likely boosted by burgeoning enterprise demand for its AI infrastructure.
The unit continues to close the gap with larger rivals Microsoft Azure and Amazon Web Services, aided by strong take-up of Vertex AI and custom tensor processing units.
Competition in the broader AI and cloud market is intensifying, with rivals aggressively cutting prices and introducing new generative-AI capabilities.
Alphabet’s advertising unit, which brings is the vast majority of the company’s revenue, has been competing in a crowded field of rivals vying for more ad dollars as lower interest rates are expected to lift the economy.
However, analysts have pointed to cautious spending from advertisers in some sectors who are grappling with economic uncertainty due to pressures from tariff costs and a rapidly evolving global trading landscape.
Still, Wall Street expects the company to benefit from advertisers moving away from experimental ad platforms like Snapchat and others.
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The results come just days after Microsoft and SoftBank Group-backed OpenAI unveiled its AI-powered Atlas browser, aimed at directly competing with Google’s core search engine and Chrome browser, the most popular in the world.
The launch represents one of the most significant challenges to Google’s search dominance in years and will be a key focus for investors listening for management’s response to the rising competitive threat to its most lucrative business.
