Category: 3. Business

  • Gartner IT Symposium/Xpo 2025 Kochi: Day 1 Highlights – Gartner

    1. Gartner IT Symposium/Xpo 2025 Kochi: Day 1 Highlights  Gartner
    2. Gartner Says Leaders Must Create Four Scenarios for Human-AI Collaboration at Work  Gartner
    3. Gartner: AI Will Touch All IT Work by 2030  digit.fyi
    4. AI will cause ‘jobs chaos’ within the next few years, says Gartner – what that means  ZDNET
    5. How to Balance Human-First and AI-First Strategies  digit.fyi

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  • Japan’s economy contracts as exports are hit by US tariffs – business live | Business

    Japan’s economy contracts as exports are hit by US tariffs – business live | Business

    Key events

    Japan’s tourism shares slump as diplomatic rift with China deepens

    As well as news that its economy shrank in the last quarter, Japan has also been hit by an escalating dispute with China over Taiwan.

    Shares in Japanese tourism and retail companies have fallen today, after China advised its citizens to avoid travelling to Japan.

    This move by Beijing escalated a diplomatic feud sparked by comments from Tokyo’s new prime minister, Sanae Takaichi, on the possibility of deploying forces in the event of a hypothetical Chinese attack on Taiwan.

    This triggered a wave of selling across Japanese leisure stocks.

    Shares in Oriental Land, which operates Tokyo Disneyland, have fallen by 5.7% today. Department store chain Isetan Mitsukoshi, which makes substantial sales to Chinese visitors, has tumbled by 11.3%.

    Travel stocks were hit too, with Japan Airlines falling 3.75%.

    Masahiko Loo, a senior fixed income strategist at State Street Investment Management in Tokyo, explains:

    “The China–Japan dispute over Taiwan and Beijing’s advisory discouraging travel to Japan introduces near-term headwinds for consumer-facing sectors.

    “Chinese visitors account for roughly 25% of Japan’s inbound traffic, making department stores, luxury retail, and hospitality particularly vulnerable.”

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  • Tariffs steal spotlight as AI frenzy seems to fade

    Tariffs steal spotlight as AI frenzy seems to fade

    Mature soybeans remain unharvested near North Maple Grove Road after a rain shower on October 28, 2025, in Ellettsville, Indiana.

    Jeremy Hogan | Getty Images

    After a few weeks of intense focus on whether there is an AI bubble in the markets or not, a recurrent character of 2025 has emerged to the fore: tariffs. 

    On Friday stateside, tech stocks recovered slightly after the Nasdaq hit its lowest level in about 3 weeks, perhaps indicating that the AI-fueled volatility could be nearing an end. 

    However, just as AI steps away from the spotlight, tariffs enter the stage, like the next act in a Shakespearean play. 

    The Trump administration reached a deal with Switzerland Friday stateside to lower duties on Swiss exports to 15% from 39%, in return for a $200 billion investment in the U.S. by the end of 2028. 

    On the homefront, Trump also started to roll back tariffs on goods such as coffee, fruits and certain beef products after acknowledging that prices, specifically coffee, "were a little bit high."

    These rollbacks mark a sharp reversal in stance for the U.S. President and his officials, which said that tariffs will not raise prices. 

    In a way, the U.S. President may try to change the laws of politics with his sweeping tariff moves, but even he cannot change the laws of economics.

    What you need to know today

    Epstein files release. U.S. President Donald Trump called on Republicans in Congress to vote to release files related to deceased convicted sex offender Jeffrey Epstein, a sharp reversal from previous resistance within his inner circle.

    Alibaba reportedly helping China military. Alibaba is helping the Chinese military to target the U.S., according to a White House memo, the Financial Times reported Friday. "The assertions and innuendoes in the article are completely false," Alibaba said in a statement to CNBC on the FT report.

    Japan GDP falls. Japan's economy contracted by a smaller-than-expected 1.8% in the third quarter on an annualized basis, with growth in private and government consumption limiting the decline. On a quarter-on-quarter basis, GDP in the three months to September contracted for the first time in six quarters, falling 0.4%.

    Nasdaq recovers. The tech heavy index rebounded on Friday as investors bought up shares of key technology stocks, a day after the group led Wall Street to its worst day in more than a month. Asia-Pacific markets were mixed Monday as investors assessed rising friction between Japan and China. 

    [PRO] AI and EM for the next decade. Artificial intelligence and emerging markets are set to define the next decade, according to Goldman Sachs' 10 year investment outlook report.

    And finally...

    Two Chinese tourists wear kimonos as they visit the Sensoji Temple in the Asakusa district of Tokyo on Nov. 15, 2025.

    Greg Baker | Afp | Getty Images


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  • Japan’s economy contracts as exports are hit by President Trump’s tariffs

    Japan’s economy contracts as exports are hit by President Trump’s tariffs

    By&nbspAP with Eleanor Butler

    Published on

    Japan’s economy sank at an annualised rate of 1.8% in the July to September period, government data showed on Monday, as President Donald Trump’s tariffs sent the nation’s exports spiralling.

    The fall in the annualised rate was still smaller than the 0.6% drop that the market had expected.

    On a quarter-by-quarter basis, Japan’s GDP, meaning the total value of a nation’s goods and services, slipped 0.4%. That marked the first contraction in six quarters.

    A big decline during the quarter came in exports, which were 1.2% down from the previous quarter.

    Where possible, some businesses sped up shipments to beat the tariff deadline, inflating some of the earlier data for exports.

    On an annualised basis, exports dropped 4.5% in the three months through September.

    Imports for the third quarter slipped 0.1%, while private consumption edged up 0.1% during the quarter.

    Tariffs are a major blow to Japan’s export-reliant economy, led by powerful automakers like Toyota Motor Corp., although such manufacturers have over the years moved production abroad to avoid the brunt of tariffs.

    The US now imposes a 15% tariff on nearly all Japanese imports, down from an earlier rate of 25%.

    The new GDP data comes as a challenge for new Prime Minister Sanae Takaichi, who took on the role in October.

    Takaichi is already contending with tensions between Japan and China related to disagreements over Taiwan. Earlier this month, the prime minister said that Tokyo could take military action if Beijing attacked the self-governing island, which Beijing views as part of its territory.

    Chinese and Japanese officials are expected to hold talks on Tuesday.

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  • Baker McKenzie Advises Schulthess Maschinen AG on Financing of its Acquisition of Armstrong France SAS | Newsroom

    Baker McKenzie Advises Schulthess Maschinen AG on Financing of its Acquisition of Armstrong France SAS | Newsroom

    Baker McKenzie Switzerland acted as Swiss counsel to Schulthess Maschinen AG in relation to the Swiss legal aspects of financing its acquisition of Armstrong France SAS, a leader in the sale, rental and servicing of laundry equipment in France.

    The Baker McKenzie team was led by Markus Wolf (partner, Banking & Finance) and included Tatiana Ayranova (senior associate, Banking & Finance) and Sadia Raja (trainee lawyer, Banking & Finance).

     

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  • CAE Prepares To Start Training Bombardier Global 8000 Business Jet Pilots – Aviation International News

    CAE Prepares To Start Training Bombardier Global 8000 Business Jet Pilots – Aviation International News

    1. CAE Prepares To Start Training Bombardier Global 8000 Business Jet Pilots  Aviation International News
    2. Bombardier Claims Mach 0.95 MMO for Global 8000 Business Jet  Business Jet Traveler
    3. New Business Jet Makes Flying at 41,000 Feet Feel Like a Walk on Top of the Burj Khalifa  autoevolution
    4. Bombardier Global 8000, world’s fastest business jet, awarded Transport Canada Type certification  ZAWYA

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  • Average U.K. House Asking Prices Fall in November as Pre-Budget Blues Continue – The Wall Street Journal

    1. Average U.K. House Asking Prices Fall in November as Pre-Budget Blues Continue  The Wall Street Journal
    2. Asking prices fall as UK housing market hit by budget speculation, Rightmove says  The Guardian
    3. A THIRD of home sellers have slashed their asking price ahead of dreaded Autumn Budget  This is Money
    4. House prices drop by £6.5k in one month as buyers worry over Budget impact  The i Paper
    5. Average price tag on a home fell by £6,589 in November – Rightmove  Yahoo Finance UK

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  • QFC employment case highlights the risk of relying on artificial intelligence in litigation : Clyde & Co

    QFC employment case highlights the risk of relying on artificial intelligence in litigation : Clyde & Co

    On 12 November 2025, the Qatar Financial Centre (QFC) Civil and Commercial Court delivered a landmark judgment in the case of Jonathan David Sheppard v Jillion LLC. The case has attracted significant attention due to the citation of ‘fake cases’ in submissions to the Court. The judgment not only addresses the specific conduct in question but also sets out broader guidance for legal professionals and clients alike, particularly regarding the use of artificial intelligence (AI) and secondary sources in legal research.

    Access the judgment

    Background: the facts of the case

    The dispute arose from an employment claim brought by Jonathan David Sheppard against Jillion LLC. During the proceedings, the defendant’s legal representative, an unnamed Dubai-based lawyer, submitted an application for an extension of time to file a defence. In support of the application, the lawyer cited several apparent cases, including “Al Khor International School v. Gulf Contracting Co. (QFC 2022)” and “Doha Bank v. KPMG (QFC App 2019)”.  

    However, when the Court Registry ordered the legal representative to provide copies of the judgements, it became apparent that the cases did not exist. The lawyer initially claimed difficulty accessing the judgments on the Court’s website but later admitted, via a witness statement, that the references were included in error due to reliance on secondary sources.

    The Court’s findings

    The QFC Court concluded the lawyer’s conduct amounted to a breach of Article 35.2 of the Rules and Procedures of the Civil and Commercial Court, which prohibits providing false or misleading information to the Court. The Court determined that the conduct was intentional because the lawyer had persisted in referencing the fake cases even after being challenged by the Registry. The Court found the lawyer had committed a contempt of court.

    However, the Court decided not to impose a penal sanction on the lawyer. Instead, it accepted the lawyer’s apology and determined that the publication of the judgment itself would serve as a sufficient deterrent to future conduct of this kind. The Court also chose to anonymise the lawyer’s identity, noting that public identification would be a disproportionately harsh penalty given the size of the legal profession practicing in the GCC.

    The use of AI in litigation

    The judgment situates the problem of ‘fake cases’ within a global context. The Court referred to the widely publicised US case of Mata v Avianca Inc (2023), where lawyers relied on AI-generated, non-existent cases in court submissions. Similar issues have arisen in England and Wales, Canada, and Australia, prompting courts and regulators to issue guidance on the responsible use of AI and the necessity of verifying legal authorities.

    The QFC Court acknowledged that AI and digital tools can enhance legal research, reducing costs and increasing efficiency. However, it emphasised that lawyers have a professional duty to verify the accuracy of any authorities cited, whether found via AI, internet searches, or traditional research methods.

    Practical implications for legal practitioners

    • The key lesson from this case is the absolute necessity for lawyers to verify the existence and content of any case law or authority cited in court.
    • Reliance on secondary sources, incomplete databases, or AI-generated content without proper verification is not acceptable and may result in findings of contempt or professional misconduct.
    • The QFC Court announced that a draft Practice Direction would be published alongside the judgment. This Practice Direction will require all advocates before the Court to verify any case or authority cited, with sanctions, including public identification and disgrace, for breaches.
    • The submission of fake cases can have serious consequences, not only for the lawyers involved but also for their clients. Courts may disregard arguments based on non-existent authorities, potentially weakening a client’s position.

    Final thoughts

    The judgment in Jonathan David Sheppard v Jillion LLC serves as a timely warning to the legal profession and clients alike. The use of fake cases, whether intentional or through careless reliance on AI and secondary sources, will not be tolerated by the QFC Court. Legal practitioners must ensure that all authorities cited are genuine and properly verified.

    Unlock a wealth of comprehensive insights by subscribing to our new innovative platform, Law at Work. If you have any questions, please contact our employment team at lawatwork@clydeco.com.

    Learn more about Law at Work

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  • Dow Jones Top Company Headlines at 1 AM ET: Geely Automobile Net Profit Rises Sharply on Robust Sales | Tesla …

    Dow Jones Top Company Headlines at 1 AM ET: Geely Automobile Net Profit Rises Sharply on Robust Sales | Tesla …

    Geely Automobile Net Profit Rises Sharply on Robust Sales

    China’s second-largest electric-vehicle maker reported a rise in its net profit supported by strong sales with 76,100 vehicles sold in the third quarter, up 43% from the previous year.

    —-

    Tesla Wants Its American Cars to Be Built Without Any Chinese Parts

    This year’s U.S. tariffs on Chinese imports pushed the EV maker to accelerate its strategy of cutting China-made components out of its U.S. production.

    —-

    Korean Conglomerates Pledge Billions in Domestic Investments

    Samsung Electronics said it and its affiliates will invest more than $300 billion over the next five years.

    —-

    Layoff Tactics Keep Changing, and the Blunders Keep Coming

    Amazon informed staffers via a text-email combo. Target asked them to stay home. Does any of it make job cuts less painful?

    —-

    Nvidia Helped Spark the AI Rally. Its Earnings Could Revive It.

    The chip maker blew the AI trade wide open in the spring of 2023. It might need to do it again.

    —-

    Meta Opens Pop-Up Stores to Build Buzz for Its AI Glasses

    The stores, in New York City, Los Angeles and Las Vegas, have coffee stations and full-length mirrors for customers to take selfies in their Ray-Bans.

    —-

    Disney and YouTube TV Reach Deal, Ending 15-Day Standoff

    ESPN, ABC and other Disney networks return to roughly 10 million YouTube TV customers.

    —-

    AIG Hit by More Executive Churn as Incoming President Will No Longer Join

    Former Lloyd’s executive John Neal was recently hired to fill in as AIG’s No. 2. He was slated to start in two weeks.

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    Walmart Picks Insider to Take Over as Next CEO

    Doug McMillon is handing the top job to John Furner, who spent six years running the U.S. business.

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    China-U.S. Robotaxi Race Kicks off in U.K.

    Waymo, Alphabet’s self-driving car company, has partnered Uber-backed ride-hailing company Moove to enter the U.K. market next year.

    —-

    JBS Boosts Ground Beef, Wagyu Steak Production to Stem Beef Losses

    Meatpackers like JBS and Tyson Foods are being squeezed by the lowest U.S. cattle supply since the 1950s. It is driving their beef costs to record levels, and leading to hundreds of millions of dollars in losses as a result.

    —-

    Purdue Pharma Wins Court Approval for $7.4 Billion Opioid Settlement

    The move clears a path for the OxyContin maker to exit its six-year bankruptcy and resolve mass lawsuits.

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    Charlie Javice Billed Hotels and Cellulite Butter as Legal Fees, JPMorgan Says

    JPMorgan is seeking to get out of paying her and a co-executive’s legal defense, which has cost more than $142 million.

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    Enbridge $1.4 Billion Project Aims to Boost Canadian Oil Flow to U.S. Refineries

    Pipeline operator Enbridge will push ahead with a $1.4 billion expansion of its core network to boost deliveries of Canadian heavy oil and reach key refining markets in the U.S. Midwest and Gulf Coast.

    —-

    BHP Liable for Deadly Brazilian Dam Disaster, Court Rules

    The ruling potentially exposes the mining company to billions of dollars in compensation claims.

    (END) Dow Jones Newswires

    November 17, 2025 01:15 ET (06:15 GMT)

    Copyright (c) 2025 Dow Jones & Company, Inc.

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  • A snapshot of AI developments in travel in 2025

    A snapshot of AI developments in travel in 2025

    Artificial intelligence (AI)
    initiatives have come thick and fast in the travel industry over the course of 2025.

    Consumer-facing solutions covering all parts of the traveler experience and B2B tools helping companies show-up on the AI platforms are all vying for attention.

    In the background, travel
    technology providers are scrabbling to create solutions to help travel brands drive
    efficiency as well as be seen on AI platforms

    With consumers getting more comfortable using the technology for trip planning, the pace of experimentation
    is unlikely to let up. Phocuswright Research’s U.S. Consumer Travel report revealed
    48% of millennials and 42% of Gen Z are more or much more comfortable with using
    AI to help them plan trips compared to a year ago.

    In its latest research, “How
    AI is reshaping every step of the traveler journey,” Lufthansa Innovation Hub (LIH) has
    laid out some of the most interesting use cases
    announced so far across eight stages. The study looks at recent AI developments
    across stages, including inspiration and planning, booking and purchase, in-flight experience
    and in-destination activities.

    Developments from online
    giants, including Expedia with its AI-powered Trip Matching feature and
    Booking.com using AI to gain a better view of traveler intent, often grab the
    most headlines. 

    The two companies are also among
    the first partners named to have apps in the recently announced ChatGPT
    initiative.

    Beyond the U.S., online travel agencies (OTAs) such as MakeMyTrip and Trip.com Group have also unveiled their own initiatives. And many travel startups and smaller companies, including many in
    PhocusWire’s Hot 25 Travel Startups for 2026 and some of the class of 2025,
    also have skin in the game.

    In the planning and inspiration
    stage, LIH also calls out large and small players: AI trip planner Mindtrip, for
    example, alongside Google, which announced earlier this year that it is using
    Gemini to identify location place names from screenshots.

    There is no shortage of developments
    in the travel booking stage. LIH highlights a move from Indian airline Indigo,
    which enables travelers to search, book and manage flights within a chat interface,
    while Turkish Airlines has announced a Modern Context Protocol (MCP) server,
    which enables AI platforms to access live airline data. Another worth mentioning is Kiwi’s development of an MCP server enabling AI assistants to trawl its
    platform for flights.

    For the airport experience, Lufthansa
    highlights use cases for helping passengers during disruptions. United Airlines,
    for example, provides personalized messages via text or email to passengers
    during disruptions. There are also initiatives to get passengers through the
    airport terminal more efficiently, such as AI-powered walk-through security scanners
    at Frankfurt Airport.

    Beyond consumer developments

    While the Lufthansa study
    looks at recent traveler-facing initiatives, there have also been many
    announcements around B2B developments. Airlines are increasingly using AI for
    route and aircraft optimization and to help them recover operations more
    efficiently during disruptions.

    United has also announced an
    investment in and collaboration with voice and conversation AI specialist AiOla
    with what it has described as “limitless applications.” Examples include safety
    reporting and maintenance.

    Further
    recent examples of more behind the scenes developments include Apaleo’s launch
    of an MCP server enabling AI agents to perform tasks across hotel operations, including
    checking availability and modifying reservations.

    More
    recently, Boom unveiled its Business Agentic Manager for the short-term rental
    industry. The agent makes decisions across functions such as marketing, guest
    communications and financial reporting.

    And,
    Mirai has unveiled Sarai, enabling hotels to offer guests natural language
    search and booking in text and voice in numerous spoken and written languages. The
    initiative is part of a wider strategy to provide a “direct-sales ecosystem,”
    according to the company.

    It’s
    too early to predict who might win the AI race in travel. Many executives are
    concerned about the power the OTAs wield and the deals they have struck with AI
    platforms. Others feel more confident that the companies who own the inventory, such as airlines and hotels, could have the upper hand.

    What
    is clearer is that the rapid pace of innovation will not subside; new models will emerge, and
    everyone from supplier-direct to intermediaries and metasearch somewhere in
    between will be disrupted.    

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