Category: 3. Business

  • Johnson & Johnson Earnings Report and 2025 Q3 Infographic

    Johnson & Johnson Earnings Report and 2025 Q3 Infographic

    This morning, Johnson & Johnson shared its 2025 third-quarter earnings report.

    Since its founding in 1886, the company has been committed to innovation—today, more than 138,000 employees across the globe work to deliver solutions for patients around the world and to help profoundly impact health for humanity.

    “Building on the momentum of the first half of the year, we delivered strong third-quarter results,” says Joe Wolk, Executive Vice President and Chief Financial Officer, Johnson & Johnson. “Our performance was driven by addressing unmet needs in high-innovation, high-growth markets. The planned separation of our Orthopaedics business reflects another step in the evolution of our portfolio, and we are confident that business will be better positioned for long-term success. As we look ahead, our portfolio strength and pipeline progression enables our ability to deliver accelerated growth through the remainder of the decade.”

    For more details about the company’s 2025 third-quarter results and to read a message from Chairman and Chief Executive Officer Joaquin Duato, here’s an infographic highlighting key stats.


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  • Johnson & Johnson announces intent to separate its Orthopaedics business

    NEW BRUNSWICK, NJ, October 14, 2025 – Johnson & Johnson (the “Company”) (NYSE: JNJ) today announced the Company’s intent to separate its Orthopaedics business to enhance the strategic and operational focus of each company and drive value for stakeholders.

    The intended separation would further strengthen the focus of Johnson & Johnson as an innovation powerhouse, serving areas of high unmet needs across Innovative Medicine and MedTech, accelerating the ongoing shift of the Company’s MedTech portfolio toward higher-growth and higher-margin markets. The transaction would establish a standalone orthopaedics business, operating as DePuy Synthes, that would be the largest, most comprehensive orthopaedics-focused company with leading market share positions across major categories.

    “This transaction enables Johnson & Johnson to further strengthen its focus and investment toward higher-growth areas where we can meaningfully extend and improve patient lives,” said Joaquin Duato, Chairman and Chief Executive Officer, Johnson & Johnson. “The planned separation reflects our long-standing commitment to portfolio optimization and value creation. We are confident that our Orthopaedics business will be better positioned to improve top-line growth and operating margins as a standalone business.”

    Following the completion of the separation, Johnson & Johnson will retain a leadership position in six key growth areas across its Innovative Medicine and MedTech segments – Oncology, Immunology, Neuroscience, Cardiovascular, Surgery and Vision. The Company expects that the separation would increase its top-line growth and operating margins. Johnson & Johnson remains committed to maintaining a strong balance sheet and its consistent capital allocation priorities of R&D investment, annually increasing competitive dividends, value-creating acquisitions and share repurchases.

    “This move would further enhance the market-leading position for DePuy Synthes and strengthen our overall MedTech business with a focus on Cardiovascular, Surgery and Vision,” added Tim Schmid, Executive Vice President, Worldwide Chairman, MedTech. “Through the separation process, we will remain focused on setting our talented teams up for long-term success, while continuing to serve our customers and create healthier futures for patients around the world.”

    DePuy Synthes

    Upon completion of the planned separation, DePuy Synthes would be the largest, most comprehensive orthopaedics-focused company, with leading market share positions across major product categories. Following the transaction, DePuy Synthes is expected to benefit from a more focused business model and be better positioned to advance patient care while delivering clinical and economic value to health care systems worldwide. DePuy Synthes would continue to address a $50 billion+ global market opportunity and serve approximately seven million patients annually through its wide range of products and services. For fiscal year 2024, the Orthopaedics business generated approximately $9.2 billion in sales. DePuy Synthes would be expected to have an investment-grade profile and balance sheet that would allow it to build on its long history of innovation and maintain and extend its leadership position.

    DePuy Synthes Worldwide President Appointment

    The Company also announced that Namal Nawana has been appointed to serve as Worldwide President, DePuy Synthes, effective immediately. Mr. Nawana will lead the business through the separation process, reporting directly to Mr. Duato, and is expected to continue to lead DePuy Synthes following the completion of the separation.

    Mr. Nawana most recently served as Executive Chairman and Founder of Sapphiros, a privately-held platform company dedicated to building the next generation of consumer diagnostic technologies. Previously he served as Chief Executive Officer and a member of the Board of Directors of Smith & Nephew Plc, a global medical technology business. Prior to that, he served as President and Chief Executive Officer and a member of the Board of Directors of Alere, Inc., a leading point of care diagnostics company, until its acquisition by Abbott. Before joining Alere, he spent more than 15 years at Johnson & Johnson in progressively senior leadership roles globally, including his final role at the Company, Worldwide President of Johnson & Johnson’s DePuy Synthes Spine business.

    Mr. Duato added, “Namal brings extensive experience leading global public companies and a demonstrated track record of success in growing medical devices businesses. We are pleased to have an executive of Namal’s caliber step into this role and are confident he is the ideal leader to guide the new DePuy Synthes into the future.”

    Mr. Nawana commented, “I am honored to take on this role to lead the new DePuy Synthes, a global market leader with a deep heritage of innovation and a strong commercial platform that is well positioned to succeed as a standalone company. I look forward to working together with the broader team to meet our mission and keep people around the globe moving.”

    Transaction Details

    Johnson & Johnson intends to explore multiple paths to effect the planned separation. The Company is targeting completion within 18 to 24 months, subject to the satisfaction of certain conditions including, among others, consultations with works councils and other employee representative bodies, as may be required, final approval of the Johnson & Johnson Board of Directors, and the receipt of other regulatory approvals. There can be no assurance regarding the ultimate timing or structure of the proposed separation or that the transaction will be completed.

    As the Company pursues this separation, Johnson & Johnson will continue to operate its Orthopaedics business in alignment with its current strategy, including continued investments in growth, margin improvement and innovation.

    Advisors
    Citi and Goldman Sachs & Co. LLC are acting as financial advisors to Johnson & Johnson and Freshfields LLP is acting as legal counsel.

    Third-Quarter 2025 Results and Conference Call

    In a separate press release issued today, Johnson & Johnson announced its third-quarter results.

    Johnson & Johnson will host a conference call for investors to review third-quarter results and discuss the proposed separation today at 8:30 a.m., Eastern Time. A simultaneous webcast of the call for investors and other interested parties may be accessed by visiting the
    Johnson & Johnson website. A replay and podcast will be available approximately two hours after the live webcast in the Investor Relations section of the company’s website at
    events-and-presentations.

    About Johnson & Johnson
    At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at
    www.jnj.com. 

    Note to investors concerning forward-looking statements:
    This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, the anticipated separation of Johnson & Johnson’s Orthopaedics business and future operating and financial performance, market position and business strategy for each company. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Johnson & Johnson. Risks and uncertainties include, but are not limited to: the Company’s ability to satisfy the necessary conditions to consummate the separation of the Orthopaedicsbusiness on a timely basis or at all; the structure of the separation transaction; the successful separation of the Orthopaedics business and realization of anticipated benefits from the separation; economic factors, such as interest rate and currency exchange rate fluctuations or changes to applicable laws and regulations; competition, including technological advances, new products and patents attained by competitors; challenges inherent in new product research and development, including uncertainty of clinical success and obtaining regulatory approvals; uncertainty of commercial success for new and existing products; challenges to patents; the impact of patent expirations; the ability of the Company to successfully execute strategic plans, including restructuring plans; the impact of business combinations and divestitures; manufacturing difficulties or delays, internally or within the supply chain; product efficacy or safety concerns resulting in product recalls or regulatory action; significant adverse litigation or government action, including related to product liability claims; changes to applicable laws and regulations, including tax laws and global health care reforms; trends toward health care cost containment; changes in behavior and spending patterns of purchasers of health care products and services; financial instability of international economies and legal systems and sovereign risk; and increased scrutiny of the health care industry by government agencies.

    A further list and descriptions of these risks, uncertainties and other factors can be found in Johnson & Johnson’s most recent Annual Report on Form 10-K, including in the sections captioned “Cautionary Note Regarding Forward-Looking Statements” and “Item 1A. Risk Factors,” and in Johnson & Johnson’s subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Copies of these filings are available online at www.sec.gov, www.jnj.com or on request from Johnson & Johnson. Any forward-looking statement made in this release speaks only as of the date of this release. Johnson & Johnson does not undertake to update any forward-looking statement as a result of new information or future events or developments.


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  • Domino's Pizza® Announces Third Quarter 2025 Financial Results – Domino's Pizza

    1. Domino’s Pizza® Announces Third Quarter 2025 Financial Results  Domino’s Pizza
    2. Domino’s Earnings Preview – What To Expect From DPZ  AskTraders.com
    3. Domino’s Expected to Post Higher 3Q Sales as Stuffed Crust Boost Continues — Earnings Preview  富途牛牛
    4. Jefferies & Co Adjusts Domino’s Pizza Price Target to $455 From $490, Maintains Hold Rating  MarketScreener
    5. What Could Shift the Story for Domino’s Amid Mixed Analyst Views?  Yahoo Finance

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  • Intuit Mailchimp Supercharges Retailers’ Marketing Efforts to Drive ROI :: Intuit Inc. (INTU)

    Intuit Mailchimp Supercharges Retailers’ Marketing Efforts to Drive ROI :: Intuit Inc. (INTU)





    Built on the Intuit platform, powerful new Shopify-specific enhancements, seamless omnichannel campaigns across email and SMS, and more robust reporting and analytics just in time for the holidays

    MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–
    Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced a suite of powerful new Intuit Mailchimp features designed to help retailers reach new customers and drive revenue growth during the busiest shopping season of the year. Mailchimp’s recent Holiday Shopping Unwrapped report found that 43% of shoppers made a purchase tied to at least one holiday moment during the Early Lead-Up phase (October 1–31), underscoring how critical it is for marketers to prepare their holiday marketing strategies earlier than ever.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251014676273/en/

    To help retailers meet this seasonal moment and reach their sales goals, the latest Mailchimp release includes an improved Shopify integration, smarter segmentation tools, advanced ecommerce analytics, global and multi-audience SMS capabilities, and a refreshed email template library—all powered by the Intuit platform. These innovations can make it easier for ecommerce marketers to get more customers, deliver high-performing omnichannel campaigns, and show the revenue impact of every touchpoint, with the aim of more money, less work, and more confidence.

    “With these improvements, businesses can move faster, personalize with more precision, and measure the tangible business impact of every omnichannel campaign,” said Diana Williams, vice president, product management at Intuit Mailchimp. “The holiday season is an enormous opportunity for retailers, but brands must move beyond traditional major retail moments of Black Friday and Cyber Monday to gain a significant competitive advantage. With these new tools, Mailchimp delivers the confidence and clarity marketers need to turn customer engagement into reliable revenue growth, extending their impact far beyond the peak holiday shopping windows.”

    Here’s what’s new:

    A Smarter Shopify Integration

    Mailchimp’s updated Shopify integration unlocks deeper behavioral insights and new triggers—like product views, checkout started, page views, and search terms—and turns them into revenue-driving triggers.

    Additional capabilities include:

    • Single-Use Shopify Discount Codes: Minimize code sharing and personalize offers at scale.

    • Expanded Segmentation: Improved Shopify data compatibility lets retailers segment audiences by more behaviors, statuses, and browse activity.

    “Right now, owned marketing platforms like Mailchimp are more important than ever,” says Intuit customer Connor Swegle, co-founder and CMO of Priority Bicycles. “The very bottom of the funnel—anybody who’s willing to add something to cart, or get four pages into the content on your website—is very important. Having really strategic, Shopify-specific campaigns built in Mailchimp helps us convert with confidence every customer we legitimately can. And since we can easily track the revenue uplift of those initiatives, we only continue to optimize and improve.”

    Global SMS with Multi-Audience Control

    Meeting customers where they are is critical and integrating SMS into an omnichannel strategy is now easier than ever with Mailchimp. In fact, according to a recent QuickBooks’ study, 65% of consumers say they’ll use their phones to browse, compare prices, and buy gifts this holiday season. Retailers who want to reach customers in the US, UK, Australia, and Europe can now send SMS campaigns across multiple countries from a single Mailchimp account. Plus, with multi-audience capabilities, customers can send personalized messages to different customer segments, without toggling between tools.

    Mailchimp’s new unified performance dashboard leverages the combined power of data and business intelligence on the Intuit platform, helping marketers see how SMS and email work together to drive results and offering data-backed recommendations that ultimately drive higher conversion.

    Additionally, Mailchimp Transactional (formerly known as Mandrill) builds on its reputation as the go-to engine for reliable, event-triggered communication by expanding into SMS. With Mailchimp Transactional SMS, retailers can strengthen shopper relationships by delivering critical, timely, one-to-one text updates about their purchases at every step, offering choice and convenience to customers as they engage with their favorite brands. Now available in 10+ countries: the United States, Canada, Australia, United Kingdom, Germany, Austria, Switzerland, the Netherlands, France, Spain, and Ireland.

    Advanced Reporting & Supercharged Insights

    New dashboards surface real-time trends across email, SMS, revenue attribution, and store behavior, helping marketers measure campaign ROI and optimize faster.

    Additional capabilities include:

    • Audience Analytics: Better identify contact sources and source performance with improved UI and growth tracking.

    • Conversion Insights Tool: Customers now have full visibility of their sales funnel with data from user behavior to help boost conversion.

    • Blotout API Integration: Cookieless tracking helps restore visibility across the funnel.

    Holiday-Ready Email Templates and Journeys

    Holiday sales are a make-or-break moment for retailers of all sizes. According to Mailchimp’s Holiday Shopping Unwrapped report, the top holiday Moments with the highest spending propensity in the United States are Christmas Day (74%), Halloween (59%), Christmas Eve (46%), New Year’s Eve (34%), New Year’s Day (33%), Advent Season Dec. 1-24 (4%), and Epiphany/Three Kings Day (4%), underscoring the critical need for marketers to prepare their holiday-specific marketing strategies earlier than ever.

    New seasonal templates and automation flow templates can help retailers build beautiful, on-brand campaigns in minutes—just in time for the early shopping window.

    With these latest innovations, Mailchimp is delivering enterprise-grade tools to high-growth ecommerce brands.

    “When marketers can quickly and accurately turn data into action, they unlock new ways to serve existing customers and acquire new ones,” Williams adds. “Whether it’s through done-for-you workflows, streamlined omnichannel marketing tools, or just smarter reporting, the Intuit platform continues to offer solutions that help every business reach their full potential.”

    About Intuit: Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.

    This information is intended to outline our general product direction, but represents no obligation and should not be relied on in making a purchasing decision. Additional terms, conditions and fees may apply with certain features and functionality. Eligibility criteria may apply. Product offers, features, and functionality are subject to change without notice. Features and functionality vary by plan type. Mailchimp and Shopify sold separately. Integration available. SMS (including Transactional SMS) is available as an add-on to paid plans in select countries after application and agreement to terms.

    For more information, please contact us at mc-pr@intuit.com.

    Source: Intuit Inc.

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  • Hong Kong court backs SMS as valid notice in arbitration hearings when delivered properly

    Hong Kong court backs SMS as valid notice in arbitration hearings when delivered properly

    The dispute at the centre of the case arose from a loan agreement between a moneylender and a borrower. After the borrower defaulted, the moneylender commenced an online arbitration to recover the debt.

    The agreement contained a dispute resolution clause that allowed the moneylender to initiate online arbitration administered by the Hong Kong Arbitration Society (HKAS) under its online arbitration rules, or through the Hong Kong courts.

    HKAS sent the borrower an SMS in Chinese containing a link to the notice of arbitration. When the borrower did not respond or participate in the arbitration, an award was issued in the moneylender’s favour. 

    The borrower then challenged the enforcement of the award, citing, among various other arguments, that proper notice of arbitration had not been given as dictated by the HKAS arbitration rules.

    The Hong Kong Court of First Appeal, rejecting the application, ruled in favour of the moneylender because proper notice was given to the borrower, based on the evidence that the SMS containing the link to the notice of arbitration had been received.

    Jennifer Wu, an expert in technology disputes at Pinsent Masons, said: “While SMS is recognised as a valid method for delivering arbitral notices, this case serves as a reminder that timely and clear documentation of all notification attempts is essential, not just to meet the procedural rules, but to demonstrate actual efforts to ensure procedural fairness.” 

    “Practitioners, parties and arbitral institutions should exercise caution when using electronic transmission methods and take proactive steps to mitigate associated risks,” she said. 

    “An award obtained without ensuring the other party had a fair opportunity to participate remains vulnerable to challenge. In the end, the goal of proper notice is not simply to deliver notice, but to ensure every respondent has a meaningful opportunity to participate in the arbitration.”

    In its decision, the court reiterated the difference between “proper notice” of arbitration and “actual notice”, stating that proper notice is satisfied if the method used is “likely to bring the relevant information to the attention” of the notified party, taking into account any contractual provisions, agreed dispute resolution mechanisms and relevant institutional rules.

    Technical logs from the HKAS platform showed that the SMS was successfully delivered to the borrower’s mobile number, with no bounce-back or error. This, combined with subsequent SMS communications acknowledged by the borrower, allowed the court to conclude that the SMS was received.

    Wu said: “The court, however, expressed caution over the potential shortcomings of using SMS. SMS can be overlooked, perceived as spam or fraud attempts, or blocked.”

    “The court specifically observed that a party may miss an SMS for good reasons and may understandably hesitate to click on unfamiliar links,” she said.

    “The court reminded arbitrators and claimants to take active steps to ensure that any non-participation by the respondent is not simply due to overlooked or distrusted SMS messages on notice of arbitrations.”

    Denise Cheung of Pinsent Masons said: “It is also important to update the non-participating respondent at each step of the ongoing arbitration.”

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  • ZTE showcases AI-powered innovations at GITEX Global 2025, driving digital transformation in MENA – ZTE

    1. ZTE showcases AI-powered innovations at GITEX Global 2025, driving digital transformation in MENA  ZTE
    2. Accelerating 5G with AI: How ZTE’s Solutions Cut Costs and Boost Performance  Light Reading
    3. ZTE accelerates global expansion by strategically focusing on gaming smartphones for youth markets  Yahoo Finance
    4. ZTE Corporation has continued to reach new highs since its listing, with its share price surging over 20% in the past three trading days.  富途牛牛
    5. ZTE supercharges digital vision with AI for All strategy  Mobile World Live

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  • ‘We are witnessing a fire-sale of the world’s rainforests’ – global banks earn billions from deforestation

    ‘We are witnessing a fire-sale of the world’s rainforests’ – global banks earn billions from deforestation

    New Global Witness research exposes glaring contradiction at the heart of forest finance, as Brazil prepares to launch flagship tropical forest fund at COP30

    Financial institutions have made US$26 billion from financing deforesting companies since the Paris Agreement was signed in 2015 – averaging around $7 million every single day – according to a new report released by Global Witness today.

    The investigation, based on data from Dutch research consultancy Profundo, reveals how some of the world’s biggest financial institutions – including Vanguard, JPMorgan Chase, BlackRock, BNP Paribas and HSBC – have reaped billions through investments, loans and issuance underwriting services provided to 50 companies accused of forest destruction around the world.

    The findings represent the largest ever mapping of incomes related to deforestation, revealing the global financial system’s significant role in deforestation and the need for robust national rules to prevent deforesting businesses from receiving funds.

    Overall, the analysis found:

    • US banks earned the most globally, making $5.4 billion, with Vanguard, JPMorgan Chase and BlackRock topping the list.
    • EU banks generated $3.5 billion, led by BNP Paribas and Rabobank, while UK banks made $1.2 billion, with HSBC, aberdeen Group and Schroders at the top.
    • Together, banks in all other countries including Indonesia and Brazil earned $15.9 billion.
    • Chinese financial institutions made $1.2 billion, almost entirely from credit-related deals and fees – despite the country’s green finance policy requiring banks to restrict lending for companies with ESG concerns.

    All financial institutions named here were contacted by Global Witness. Their responses can be found in the main report.

    Importantly, the $26 billion total includes only those incomes which represent each company’s deforestation-related activities. When considering all banking and investment services provided to these companies, across all of their lines of business, earnings climb to $104.7 billion.

    Of the deforesting businesses across the six sectors analysed, the pulp and paper sector generated the highest income (48%) followed by palm oil (41%), then soya (4%), beef (3%), rubber (3%) and timber (1%).

    The analysis cautions, however, that relative profits are not a direct reflection of a sector’s deforestation impact. For instance, beef production – though less capital-intensive than some of the sectors examined in this study, such as palm oil or pulp and paper – remains one of the world’s leading drivers of deforestation, even if meatpackers linked to deforestation appear to generate comparatively lower returns for financiers.

    We are witnessing major banks bankroll a fire sale of the world’s rainforests. And they’re reaping obscene profits from the ashes.

    Global Witness Forests Lead Alexandria Reid

    Reid added: “Brazil has rightly grasped the vital need to turn the financial system from a threat into a lifeline for forests. But unless governments also act decisively to rein in this cash pipeline, initiatives like the TFFF will be fatally undermined by a deforestation economy that is not just surviving but thriving – precisely because it is so profitable.

    “As long as tearing down forests remains more profitable than protecting them, the world will not meet its 2030 goal to halt deforestation, with catastrophic consequences for the climate.

    “If world leaders want to change this, they must act now to shut down the profits fuelling this crisis.”

    To calculate the figures, Global Witness and Profundo analysed hundreds of thousands of deals – worth a total of $184 billion over nearly 10 years – across six of the most damaging agri-commodity supply chains: cattle, soy, palm oil, rubber, paper and timber.

    Nearly 4,000 financial institutions made a total income of $26 billion from financing deforesting companies from 2016 – 2024. This is more than double the UK’s entire climate finance expenditure between 2011 and 2021, and surpasses the 2024 GDPs of Madagascar and Namibia.

    The findings come just weeks before COP30 in Brazil, where the host nation will launch the new Tropical Forests Forever Facility (TFFF) – a flagship fund that will invest a blend of public and private finance in global investments, using the returns to reward tropical forest nations who keep their forests standing.

    If successful, the model could help close persistent finance gaps in forest conservation. But Global Witness warns that national governments seeking to support the initiative must regulate to stop harmful finance if they want to change the financial system from a threat to a lifeline to forests.

    Despite most countries pledging to halt and reverse deforestation by 2030, forest destruction hit its highest level on record in 2024. Deforestation is the second largest driver of greenhouse gas emissions, after fossil fuels, yet weak regulation allows financial institutions worldwide to funnel money to destructive agribusinesses.

    Notes to Editors:

    Background:

    Deforestation, which accounts for about 11% of carbon emissions, is expected to be a major topic at COP30, taking place this year in Belém, Brazil. In 2024, tropical primary forests were lost at about 18 football fields per minute – nearly doubling the 2023 rate – pushing the Amazon toward a potential irreversible ‘dieback’ tipping point.

    More effort is required from national governments to meet their targets to end deforestation:

    • The EU’s flagship deforestation law, due to enter into application at the end of 2025 has already been delayed by 12-months, but when in force will stop businesses from placing products grown on deforested land on EU markets. The law includes a future review of extending these obligations to the European financial sector, but the law remains at risk of additional delays.
    • The UK passed a law in 2021 prohibiting the use of products linked to illegally deforested land, but it has yet to come into fully force. Once it does, the Treasury must conduct a review of the UK’s role in financing global deforestation.
    • In the US, the SEC’s climate-related financial disclosure rules remain suspended, and attempts to pass the FOREST Act, an import regulation like the UK’s law banning imports grown on illegally deforested land, have stalled.
    • In China, Green Finance Guidelines introduced in 2022 could be utilised to outline how banks should identify, monitor, prevent and control their environmental, social and governance (ESG) risks. However, the country remains the biggest international financier of companies that trade and produce goods linked to deforestation.

    Overall, the finance sector remains largely unregulated in relation to deforestation, allowing banks and investors to back deforesting companies with little accountability.

    Methodology

    The analysis identified companies linked to deforestation and forest degradation by reviewing public reporting on firms listed in the Forests & Finance database, which tracks 279 high deforestation-risk companies across beef, palm oil, soya, pulp and paper, rubber and timber supply chains. Evidence was only considered credible if the company accused of deforestation had been given an opportunity to respond. This process resulted in a final list of 50 companies including major agribusiness firms — a full list of which can be found in the main report, along with any company responses.

    Profundo then analysed the financing of these 50 companies across 343,903 financial deals, drawing on sources including Bloomberg, Refinitiv, IJGlobal, company filings and registries. The analysis covered credit-related income (from loans, revolving credit, and bond/share issuance underwriting since 2016) and investment-related income (from bond interest and share dividends up to May 2025). Where direct deal fee data was unavailable, standardised proxies were used.

    To ensure figures only reflect earnings linked to deforestation, all income data was adjusted using Profundo’s “segment-adjustment” method. For example, if half a company’s revenue came from cattle ranching and half from chemical production, only 50% of its financing income was counted as deforestation related.

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  • Google to build a $15bn AI data hub in India

    Google to build a $15bn AI data hub in India

    Google’s parent company Alphabet will invest $15bn (£11.29bn) to build an AI data hub in southern India’s Andhra Pradesh state.

    The facility, which will be set up in the port city of Visakhapatnam, is going to be a part of Google’s global network of AI centres spread across 12 countries.

    “It’s the largest AI hub that we are going to be investing in anywhere in the world, outside of the United States,” Thomas Kurien, the CEO of Google Cloud, said at an event in capital Delhi on Tuesday, adding that the investment will be spread over the next five years.

    The announcement comes at a time when US President Donald Trump has been asking American companies to prioritise domestic investment.

    India has emerged as a key destination for AI data centres. The country’s low data costs and rapidly growing internet user base have made it a hub for cloud and AI expansion for tech giants.

    Alphabet CEO Sundar Pichai said the facility “will bring our industry-leading technology to enterprises and users in India, accelerating AI innovation and driving growth across the country”.

    A formal agreement to finalise the project will be signed on Tuesday, the Andhra Pradesh government said.

    “It is a massive leap for our state’s digital future, innovation, and global standing,” said the state’s technology minister Nara Lokesh.

    The project will combine cloud and AI infrastructure with renewable energy systems and an expanded fibre-optic network.

    The project is part of the Andhra Pradesh government’s plan to develop 6GW of data centre capacity by 2029, according to Bloomberg News.

    Data centres are physical facilities that house the computing and networking equipment that organisations use to collect, process, store, and distribute data.

    They contain servers, storage systems and network equipment like routers and firewalls, along with the necessary power and cooling systems to operate them.

    In Andhra Pradesh, the government has been offering subsidised land and electricity to attract global investors.

    India’s data centre industry has grown rapidly over the past five years, crossing the 1GW capacity mark in 2024 and nearly tripling its 2019 level, according to global professional service firm JLL’s India Data Centre Market Dynamics 2024 report.

    Follow BBC News India on Instagram, YouTube, Twitter and Facebook.


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  • For Uniqlo’s Founder, Conquering America Is Personal – The New York Times

    1. For Uniqlo’s Founder, Conquering America Is Personal  The New York Times
    2. Results Summary for Fiscal 2025 (Year to August 31, 2025)  fastretailing.com
    3. Uniqlo tops Gucci in revenue for first time  AzerNews
    4. How Uniqlo’s creative direction is powering record global profits  Inside Retail Asia
    5. Uniqlo owner Fast Retailing reports fourth consecutive year of profit  Yahoo Finance

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  • Rare earth stocks rally amid renewed U.S.-China trade dispute

    Rare earth stocks rally amid renewed U.S.-China trade dispute

    In an aerial view, a container ship arrives at the Port of Oakland on October 10, 2025 in Oakland, California. U.S. President Donald Trump is threatening to impose a massive increase of tariffs on Chinese imports in response to China’s announcement of new export controls on rare earths. China controls an estimated 70% of the global supply of rare earths minerals.

    Justin Sullivan | Getty Images News | Getty Images

    Shares of U.S. rare earth miners rallied in premarket trade on Tuesday, extending sharp gains from the previous session after U.S. President Donald Trump threatened China with 100% tariffs over Beijing’s strict export controls on critical minerals.

    Critical Metals jumped more than 38% in premarket, USA Rare Earth rallied 12% and MP Materials rose 9%. Shares of Energy Fuels were last seen up 11.4%, while NioCorp Developments stood nearly 9% higher.

    The moves come as investors keep a close eye on the potential for a renewed trade spat between the world’s two largest economies.

    Trump on Friday announced the U.S. would impose new tariffs of 100% on imports from China starting from Nov. 1, adding that the White House would also slap export controls on “any and all critical software.”

    The U.S. president appeared to water down his rhetoric on Sunday, however, saying the situation with Beijing will “be fine.”

    China, for its part, is the undisputed leader of the critical minerals supply chain, producing nearly 70% of the world’s supply of rare earths from mines and processing almost 90%, which means it is importing these materials from other countries and refining them.

    Western officials have repeatedly flagged Beijing’s supply chain dominance as a strategic challenge, particularly given that critical mineral demand is expected to grow exponentially, as the clean energy transition picks up pace.

    This is breaking news. Please refresh for updates.

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