Category: 3. Business

By Bill Peters

Collaboration will help Walmart gain a bigger technological edge and stand out as retailers try to win over cautious consumers, one analyst says

A new partnership will let consumers buy items sold at Walmart through OpenAI’s ChatGPT and Instant Checkout.

Walmart Inc. was the Dow Jones Industrial Average’s top percentage gainer on Tuesday and closed at a record high, after the big-box chain announced a partnership that will soon allow customers to buy items at the retailer through OpenAI’s artificial-intelligence chatbot ChatGPT.

Shares of Walmart (WMT) finished 4.9% higher on Tuesday.

The partnership between the retail bellwether and OpenAI will let customers and members buy items sold at Walmart through ChatGPT and Instant Checkout, a shopping tool OpenAI introduced late last month.

In a statement, Walmart Chief Executive Doug McMillon – who said last month that it was “very clear that AI is going to change literally every job” – said the move marked a bigger shift in online shopping.

“For many years now, e-commerce shopping experiences have consisted of a search bar and a long list of item responses,” he said. “That is about to change. There is a native AI experience coming that is multimedia, personalized and contextual.”

AI assistants and other uses of the technology have become more common in e-commerce. A recent Adobe survey of 5,000 U.S. consumers found that more than one-third said they used an AI service to help them with online shopping.

Walmart made the announcement as shoppers continue to struggle with higher prices – and increasingly turn to mass retailers for relief – and as retailers navigate the U.S.-led trade war. Meanwhile, concerns have grown about the astronomical costs to develop AI, as well as consumers’ willingness to pay for it.

Walmart already uses AI in things like customer service and clothing design. UBS analyst Michael Lasser, in a note on Tuesday, said Walmart’s announcement underscored the retailer’s ability to keep pace with trends in technology and shopping.

“Thus, this should provide incrementality and differentiation vs. the rest of retail,” he said.

D.A. Davidson’s Michael Baker, in a note on Tuesday, was also upbeat about the move.

“This supports our view that Walmart will be a winner among traditional retailers in the agentic commerce race,” he said, referring to the digital AI “agents” designed to help humans with tasks.

Jefferies analyst Corey Tarlowe said the announcement “positions Walmart at the forefront of AI-driven retail,” and would make shopping easier while boosting the chain’s sales and margins.

When OpenAI announced Instant Checkout last month, it said U.S. ChatGPT users would be able to make in-chat purchases from domestic Etsy Inc. (ETSY) merchants, with products from sellers on Shopify Inc. (SHOP) to be made available later. At the time, it said shoppers could make single-item purchases on Instant Checkout, with multi-item purchases set to follow.

Shares of Walmart are up 18.7% so far this year.

-Bill Peters

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  (END) Dow Jones Newswires

  10-14-25 1840ET
Copyright (c) 2025 Dow Jones & Company, Inc.

BRISBANE (October 15 2025) — AECOM, the trusted global infrastructure leader, today announced it has recommitted to its partnership with the Great Barrier Reef Foundation and will provide in-kind advisory and technical consulting services aimed at finding tangible Reef restoration and resilience solutions over four more years. This builds on AECOM’s long-standing commitment to the Reef, which began in 2018 when work for the Foundation commenced. It led to a formalised partnership in 2022 and AUD$1 million of in-kind support provided over the three successful years since. 

AECOM has supported several projects for the Great Barrier Reef Foundation, including its Resilient Reefs Initiative, Roads to Reef Initiative, Reef Islands Initiative and Blue Carbon Program. 

“It’s an honour to recommit AECOM to another successful four years of using our specialist water and environmental advisory skills for good; delivering practical solutions to help sustain our Reef ecosystems for generations, a commitment to our purpose of delivering a better world,” said Mark McManamny, chief executive of AECOM’s Australia and New Zealand region. “The goal of AECOM’s Sustainable Legacies strategy is straightforward; leave a lasting positive impact on our communities and our planet, and this continued partnership is the embodiment of that ambition.” 

“The Great Barrier Reef Foundation has worked with AECOM to build the resilience of coral reefs across four iconic world heritage sites, improve water quality outcomes on the Great Barrier Reef, and explore nature-based solutions such as blue carbon,” said Anna Marsden, managing director of the Great Barrier Reef Foundation. “We are delighted to continue this powerful partnership, which in this next phase will focus on prioritising large-scale coastal ecosystem protection and restoration. AECOM’s specialist skills and industry expertise will be vital in helping us achieve our future aims and address the most complex and challenging problems facing the Great Barrier Reef’s survival.” 

Roads to Reef Initiative 

Roads to Reef has been the primary initiative over the past three years of partnership. AECOM road and water engineers, along with resilience advisors, have been working with the Great Barrier Reef Foundation and Local Government Association Queensland. The aim has been to develop decision-support tools to identify areas at high risk of unsealed road erosion within the Reef catchment, thereby helping to minimise water quality impacts. AECOM specialists have undertaken hydrologic and GIS modelling across thousands of kilometres of unsealed roads and drainage paths throughout the entire Reef catchment.  

Key outcomes: 

• Developed the first comprehensive model estimating how much fine sediment runoff from the entire unsealed road network is draining into the Great Barrier Reef lagoon.  

• Delivered the first model demonstrating that unsealed roads can contribute a significant portion of fine sediment runoff per unit area. 

• Created a framework to test future interventions, including nature-based solutions, aimed at reducing sediment runoff from unsealed roads, supporting local governments and other road management authorities in securing funding for these interventions. 

Reef Islands Initiative  

Reef Islands Initiative is the primary initiative within the recommitted partnership. AECOM environmental advisors are supporting the Great Barrier Reef Foundation to develop a prioritisation process that would action multi-habitat restoration activity on and around the Great Barrier Reef islands. Advice is being provided on terrestrial and marine ecosystem restoration opportunities, supporting increased biodiversity and resilience, and First Nations and community partnerships. 

Resilient Reefs Initiative 

AECOM’s partnership with the Great Barrier Reef Foundation builds upon its successful foundational collaboration on the Resilient Reefs Initiative that commenced in 2018. AECOM helped build reef resilience across UNESCO World Heritage-listed coral reefs, working with stakeholders on actionable resilience strategies. AECOM environmental advisors provided support for the release of the Ningaloo Coast, Rock Islands of Palau, Belize Barrier Reef Reserve System and the Lagoons of New Caledonia reef resilience strategies. 

Key outcomes: 

• Delivered the first fully integrated and transferable model, with priority actions and funding allocations, for building resilience of both coral reefs and the communities that depend on them, from planning to implementation. 

Blue Carbon Program 

AECOM and the Great Barrier Reef Foundation are developing a white paper to discuss unlocking existing regulatory barriers that prevent blue carbon projects in the Great Barrier Reef catchments. Blue carbon projects refer to conservation, restoration and management efforts that enhance coastal and marine ecosystems like mangroves, seagrass and saltmarsh to sequester and store carbon. The paper is intended to advocate for blue carbon-focused, nature-based solutions within regulatory frameworks as legitimate alternatives to traditional engineering solutions. It seeks to streamline the approvals process for these efforts and provide evidence of their value. 

About AECOM  

AECOM is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients’ complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2024. Learn more at aecom.com.  

About the Great Barrier Reef Foundation 

The Great Barrier Reef Foundation is creating a future for the world’s coral reefs by restoring reefs and coastal habitats and helping them adapt to the impacts of climate change. We’ve built a collaborative organisation to raise funds, invest in innovative ideas and design real-world, scalable conservation programs that are delivering breakthroughs in marine and terrestrial restoration. Walking in step with First Nations people and front-line communities, the Foundation is fast-tracking and deploying solutions around the world. 

From clicks to clinical impact

Beyond point-of-care support, clinical decision support solutions also offer powerful analytics. “We’re not just tracking usage—we’re translating it into insights,” said Fulcher. “We can show hospitals what clinicians are searching for, how that aligns with prescribing patterns, and where there are gaps in knowledge or compliance.”

Integration and accessibility: Meeting clinicians where they are

To maximize impact, clinical decision support tools must be embedded into clinical workflows. “The ideal solution is one click away—within the EMR, mobile app, or even Microsoft Copilot,” said Fulcher. “We’re building a hub-and-spoke model where trusted content is accessible wherever clinicians need it.”

Dr. Ahmed Al-Dammas, Chief Data Officer at the Saudi Council of Health Insurance, stressed the importance of seamless access: “If it’s not integrated, it’s not used. Single sign-on, mobile optimization, and HL7 integration are no longer nice-to-haves — they’re must-haves.”

While the clinical benefits are clear, the financial case is equally compelling. “CDS tools reduce adverse drug events, shorten hospital stays, and improve formulary compliance,” said Dr. Abu-Gheida. “That’s real ROI—especially in value-based care models.”

Dr. Osama Hassan added, “If we want to move from fee-for-service to outcomes-based reimbursement, we need solutions that link decisions to results. Wolters Kluwer’s UpToDate® and Medi-Span® do exactly that.”

Looking ahead: A shared vision for safer, smarter care

As the Think Tank concluded, one message resonated: precision medicine is a team sport. It requires collaboration across clinicians, technologists, regulators, and solution providers.

“We’re not just building tools—we’re building trust,” said Fulcher. “And that trust is what turns insight into impact.”

• A core model in Toyota’s multi-pathway portfolio, strengthening the brand’s electric SUV line-up
• Robust EV fundamentals: a choice of battery options and powertrains, plus user-friendly charging methods
• Designed for car lovers, with a rewarding, fun-to-drive character, founded on Toyota’s dedicated e-TNGA platform
• Stylish coupe-SUV design with no compromises in comfort, practicality or safety
• To be launched in the UK in early 2025
• UK model range and specifications to be announced

The all-new Toyota C-HR+ showcases Toyota’s commitment to creating battery electric vehicles (BEVs) for car enthusiasts, offering emotional appeal through bold design and engaging driving characteristics, coupled with everyday practicality.

Building on the achievements of the Toyota C-HR, which has amassed more than one million sales in Europe through two generations, the Toyota C-HR+ goes further as a stand-alone, all-electric model.

A choice of powerful and efficient all-electric powertrains coupled with fast, convenient charging solutions establish a dependable and desirable foundation for a true BEV and authentic SUV, designed to appeal to a wide customer base in the mid-size C-SUV segment.

A striking design is achieved inside and out without compromising comfort or versatility. The smooth, calm ride typical of an all-electric powertrain is enhanced through additional measures to increase comfort and convenience.

The Toyota C-HR+ is agile, responsive and fun to drive thanks to its rigid chassis and suspension tuning, engineered using the dedicated e-TNGA electric vehicle platform. It also reflects Toyota’s commitment to quality and safety, including the latest driver assistance technologies and a 10-year battery warranty**.

It takes its place alongside the new Urban Cruiser and bZ4X as a core model in Toyota’s all-electric SUV portfolio. This line-up reinforces Toyota’s multi-pathway strategy by joining hybrid, plug-in hybrid and hydrogen fuel cell electric vehicles to deliver sustained vehicle emissions reductions towards achieving carbon neutrality in Europe in 2040.

Power and performance

• Two battery options
• Faster DC charging supported by battery pre-conditioning

The all-new Toyota C-HR+ is a showcase for Toyota’s latest BEV technologies, establishing the fundamental qualities which express the company’s commitment to building electric vehicles for true car enthusiasts.

To meet different customer needs, whether for day-to-day life in urban traffic or longer journeys and adventures, it is offered with two battery options.

A 57.7kWh (gross capacity) battery delivers a power output of 165bhp (167 DIN hp/123kW) and has a maximum driving range (WLTP cycle) of up to 283 miles*.

For customers wanting more power and greater range, a 77kWh battery provides 221bhp (224 DIN hp/165kW) and delivers up to 378 miles*.

The high-capacity lithium-ion batteries use the latest technologies to give customers fast-charging options. Battery pre-conditioning contributes to a targeted fast DC charging time from 10 to 80 per cent of around 30 minutes in temperatures as low as -10°C. This would mark a 20-minute improvement on charging without a pre-conditioning function.

The pre-conditioning system ensures the battery reaches the ideal temperature before charging begins, allowing for higher charging power, even in cold conditions. This is achieved using a water-to-water heat exchanger which heats all the battery cells evenly and delivers consistent operation.

There are three options for initiating battery pre-conditioning: manually via the car’s multimedia system; scheduled in advance to start at a specific time; and automatic operation when using the car’s navigation system to reach a charging station destination.

An 11kW onboard AC charger is included as standard; high grade model uses a faster 22kW unit, which effectively halves the recharge time.

Driving dynamics

• Underfloor battery lowers the centre of gravity and enhances torsional rigidity
• Optimised suspension tuning
• Regenerative braking options for tailored driver engagement
• Insulation and noise damping for a peaceful all-electric ride

Toyota’s dedicated e-TNGA battery electric vehicle architecture provides the foundation for a fun-to-drive experience and comfort for all passengers. The modular platform – also used by the bZ4X model – delivers improved driving dynamics thanks to a BEV-specific design. It is also scalable, enabling the development of different vehicle sizes and powertrains.

The new Toyota C-HR+ exploits the adaptability of the e-TNGA platform to create a unique body and interior while delivering rewarding handling, ride comfort and stability.

An underfloor-mounted battery is a key e-TNGA design feature. By fixing it to the underfloor frame, torsional rigidity is improved by 30 per cent and the centre of gravity is lowered by 65mm compared to the Toyota C-HR. At the same time, ground clearance of 185mm is maintained.

The low centre of gravity and dedicated suspension tuning deliver a refined and comfortable ride, striking an ideal balance between agility and comfort.

Four levels of regenerative braking contribute to an intuitive and engaging drive, selected using paddle shifts behind the steering wheel. The high responsiveness of the electric motor allows coasting deceleration of up to 0.15G when the driver releases the accelerator pedal, operating with a natural feel and compensating for around 80 per cent of deceleration when driving. This feature not only enhances driver control but also maximises efficiency by replenishing the battery during deceleration.

The electric power steering has also been mapped for responsiveness. It adjusts the steering characteristics dynamically, providing a light feel at low speed and a more direct sensation at higher speeds.

The Toyota C-HR+ is equipped with the latest lightweight Toyota eAxle – consisting of inverter, motor and transaxle – with silicon-carbide (SiC) semiconductors for efficiency and high-power output. The unit’s design, incorporating cooling and lubrication systems, minimises energy losses and delivers superior power, stability and quieter performance.

Adding to the ride quality, noise insulating and absorbing materials and silencers have been strategically installed to create a peaceful cabin environment. Optimised body rigidity and high-damping floor adhesive further contribute to onboard comfort.

Engineered for efficiency

• Aerodynamic design with low drag
• Energy-efficient low-power heat pump
• Heated front seats and steering wheel reduce air conditioning demand

The all-new Toyota C-HR+ benefits from several measures which help drivers extend the car’s range while still enjoying a comfortable and engaging drive.

The exterior design blends dynamic proportions with excellent aerodynamic performance, achieving a class-leading 0.26 drag coefficient. This contributes to efficient driving and a long range.

Within a 2,750mm wheelbase (110mm longer than the Toyota C-HR), the underfloor area has been made as flat as possible to minimise turbulence and energy loss. A variety of other measures contribute to a low drag performance on all versions. 

The grille-less front face and an air duct in front of the wheels reduce turbulence and smooth air flow. Along the side of the vehicle, concealed rear door handles and aerodynamic wheel designs also support the car’s aero-efficiency.

A roof mounted spoiler and a distinctive ducktail rear end manage air flow away from the vehicle, with fins on the bottom of the rear bumper helping reduce air flow separation.

Several features reduce the impact of the air conditioning on driving range, without compromising comfort. The system uses heat pump that operates at high efficiency with low power usage. By taking thermal energy from outside air to heat the cabin, it uses less power than a standard system.

On cold days, heated front seats and a heated steering wheel – standard across all grades – help reduce reliance on the air conditioning system. They consume comparatively less power than the air conditioning system while still ensuring a comfortable temperature for driver and front passenger.

Stand-out, sleek exterior design

• Grille-less face and Toyota’s signature hammerhead design
• Distinctive coupe roofline with no compromise on rear headroom

The all-new Toyota C-HR+ has been styled to prompt an emotional reaction at first sight. It communicates agility and purpose from every angle, expressing a stylish modern look.

Its character is based on a strong, coupe-inspired silhouette. The sharply defined lines and sculpted surfaces create a sense of motion even at standstill, while the wide stance and low roofline give the car a sporty stance. The roofline is achieved without compromising headroom for rear seat passengers.

At the front, Toyota’s signature hammerhead design language is expressed through sleek LED headlamps and a clean, grille-less face, characteristic of battery electric vehicles.

Sharply defined character lines at the rear combine with a sleek light design to express an advanced image, while a low rear bumper emphasises the vehicle’s nimble handling.

The stand-out Metal Oxide and Mineral exterior colour options are available as a monotone finish or, on high grade models, a bi-tone combination with a contrasting black roof.

The 20-inch alloy wheels on higher grades are styled to emphasise sportiness and urban sophistication, ensuring the Toyota C-HR+ looks as confident in the city as it does on the open road.

An advanced and spacious interior

• “Class above” interior space with generous headroom, front-rear distance and storage
• Fully digital seven-inch driver’s combimeter and 14-inch multimedia screen
• Premium and sustainable upholsteries

Roominess and all-round visibility help the Toyota C-HR+ stand out in terms of comfort and versatility, alongside technology features, connected services and high-quality materials which create a modern in-car environment.

The cabin provides more space than typically expected of a C-segment SUV, with generous headroom and a 900mm front-rear couple distance. This has been made possible by the 2,750mm wheelbase within an overall vehicle length of 4,520mm.

The load compartment provides 416 litres of storage, achieved thanks to a rear overhang extended by 50mm (compared to the Toyota C-HR). Different boot configuration options create smart storage solutions. The rear seats – divided 60:40 – can be easily folded flat, while an adjustable deck board offers underfloor storage when set to its highest level, or maximum boot space when installed lower down. On selected grades, a power tailgate comes as standard.

A streamlined interior creates an open, welcoming feel. Ambient lighting offers a choice of 64 different colours to create the right mood for any journey. It is not only visually striking but also enhances the perception of space within the cabin, particularly when paired with an optional panoramic roof.

For the driver, a high-resolution, seven-inch full graphic combimeter replaces traditional analogue gauges and features a crisp display that adapts to driving conditions and user preferences. It shows essential driving data, including speed, battery status, range, regenerative braking level and turn-by-turn navigation prompts. Its low-profile, simplified shape is located above the steering wheel, helping the driver keep their eyes focused on the road.

On high grade models, a heated front windscreen and powered driver’s seat with memory function are included in the specification.

Rear-seat occupants have access to air conditioning controls and two USB-C ports with a combined 60W of power, enough to charge larger devices such as laptop computers.

A range of different upholstery materials are offered, according to model grade, including synthetic leather, a suede-like trim, and fabric – all made using recycled PET materials. These sustainable choices help reduce CO₂ emissions while adding to the sporty and refined feel of the interior.

A six-speaker audio system delivers clear, balanced sound, while a JBL Premium Audio option features nine speakers, an 800W amplifier and a nine-inch subwoofer. It is engineered to provide a rich, immersive listening experience that complements the refinement of the all-electric powertrain.

Technologies for safety and connectivity

• Toyota Safety Sense and advanced driving assistance features as standard
• 14-inch multimedia display and seamless mobile phone connectivity
• A user-friendly BEV ecosystem via MyToyota app

The Toyota C-HR+’s advanced looks and powertrain are matched by the latest technologies for comprehensive safety, driver assistance and onboard connectivity. Driving is safer and easier with early detection of a wide range of accident hazards and automatic brake activation when needed, and steering and power control to help the driver avoid an impact.

The interior ambient lighting system contributes to safety by providing an additional warning linked to the car’s Safe Exit Assist, lighting the interior door handles red if it detects a risk of a door being opened into traffic approaching from the rear.

Other standard provisions include a Blind Spot Monitor, Adaptive High-beam System headlights and a Parking Support Brake. High grade vehicles gain Lane Change Assist, Front Cross Traffic Alert, Park Assist, and a Panoramic View Monitor.

The 14-inch multimedia digital display is centrally positioned and accessible to both driver and front passenger. Its intuitive interface controls the multimedia functions and cloud-based navigation.

The navigation includes Destination Assist, available through the Drive Connect subscription, which delivers up-to-date routing and real-time traffic data, helping drivers plan journeys with confidence.

Wireless Apple CarPlay and Android Auto enable seamless smartphone integration. A voice agent can be activated with a “Hey Toyota” prompt, enabling natural speech control of the car’s navigation, multimedia and climate functions.

Life is made even more simple and intuitive by the MyToyota app. This includes full connection to the Toyota HomeCharge domestic wallbox, so that owners can easily monitor, manage and control their charging via the app.

New features make it simpler to schedule smart charging for convenience and access to lower electricity tariffs, as well as giving customers the ability to view their billing history at-a-glance.

To replenish the battery away from home, the Toyota Charging Network provides seamless access to one of the largest pan-European EV charging networks, via the MyToyota app. It is now easier than ever to get started, with billing information displayed on the app.

A new feature gives an instant read-out of the vehicle’s state of charge on the user’s mobile device. For easy navigation to a charging point, the Send to Car function allows users to transmit a selected location from their phone directly to their car at the press of a button.

The MyToyota app also allows users to remotely activate the climate control, to heat or cool the cabin efficiently ahead of a journey, reducing the demand on air conditioning systems during the trip and thus potentially enhancing the driving range.

To further maximise range, a BEV coaching tool assesses previous journeys and offers advice on how to improve driving range and efficiency.

Ownership peace of mind

Customers, particularly those purchasing a BEV for the first time, can be assured the Toyota C-HR+ has all the Quality, Durability and Reliability attributes that are a hallmark of the Toyota brand.

In common with all Toyota’s new BEVs, it will come with Toyota’s Battery Care Program which covers the battery each year for up to 10 years of vehicle age or up to 650,000 miles/1,000,000km driven, subject to an annual battery health check**.

Market introduction

The all-new Toyota C-HR+ will be launched in the UK and across Europe in the fourth quarter of 2025.

*All performance data remain tentative prior to homologation.

** Toyota’s confidence in the quality of the battery is reflected in a guarantee it will retain at least 70 per cent of its capacity up to 10 years of vehicle age, covered by the original EV Manufacturing Warranty until eight years of vehicle age or 160,000 kilometres, and with the Battery Care Program up to 10 years of vehicle age or 1 million kilometres driven that is activated by an annual EV Health Check (T&Cs and local country conditions apply).

Toyota C-HR+ provisional technical specifications (tentative data prior to homologation)

DRIVETRAIN	57.7kWh	77kWh
Type	Permanent magnet, synchronous motor
Drivetrain	Front-wheel drive
Toyota system output (bhp/DIN hp/kW)	165/167/123	221/224/165
Motor torque (Nm)	268.6
BATTERY	57.7kWh	77kWh
Type	Lithium-ion
Number of cells	78	104
Rated voltage (V)	288.6	384.8
Capacity (gross, kWh)	57.7	77
PERFORMANCE	57.7kWh	77kWh
Max. speed (mph)	87	99
0-62mph acceleration (sec)	8.4	7.3
Driving range – WLTP, 18in wheels (miles)	283	378
Driving range – WLTP, 20in wheels (miles)	–	350
BRAKES
Type	Ventilated discs
EXTERIOR DIMENSIONS
Overall length (mm)	4,520
Overall width (mm)	1,870
Overall height (mm)	1,595
Wheelbase (mm)	2,750
Front track (mm)	1,605
Rear track (mm)	1,620
Min. running ground clearance (mm)	185
Turning radius – tyre (m)	5.5
Turning radius – body (m)	5.9
Tyre size – 18in	235/60R18
Tyre size – 20in	235/50R20
Wheel size – 18in	18 x 7.5
Wheel size – 20in	20 x 7.5
INTERIOR DIMENSIONS
Length (mm)	1,835
Width (mm)	1,502
Height	1,174 1,153 with panoramic roof
Load capacity, including beneath deck board, seats up, up to bottom of rear headrests (l)	416
WEIGHTS	57.7kWh	77kWh
Kerb weight (kg)	1,810-1,845	1,885-1,985
Gross vehicle weight (kg)	2,465	2,520
Towing capacity – braked (kg)	–	750

ENDS

ISLAMABAD:

Mari Energies is targeting to produce around 25,000 barrels per day (bpd) of oil from its three discoveries in the Abu Dhabi block.

In the company’s corporate briefing held on Tuesday to discuss its FY25 performance and the future outlook, the management confirmed that a board meeting was organised with the Abu Dhabi National Oil Company (Adnoc), where the production plan was approved and “the project will now move to the development phase”.

Mari management revealed that they were eyeing a production target of around 25,000 bpd from the three discoveries in the Abu Dhabi block.

The company reached the highest-ever production level of 39.13 million barrels of oil equivalent (mmboe) in FY25. However, it outlined that gas supply curtailment and an additional 15% royalty resulted in lower earnings during the financial year.

The company has managed to reduce reliance on the Mari field to 80% (compared to 95% in FY20), following new discoveries in Waziristan and Sujawal blocks.

While a deferment plan for liquefied natural gas (LNG) cargoes has been sent to Qatar and is awaiting approval, Mari anticipates a 10-15% decline in production due to curtailment in FY26 if the plan is not approved. It added that part of this risk could be mitigated through third-party allocation, however, it is unlikely to fully offset the impact of curtailment.

Currently, the Shewa gas field has a production capacity of 70 million cubic feet per day (mmcfd) while the Spinwam well (set to be added to the same facility) is expected to contribute an additional 30 mmcfd initially. Upon full development, these frontier fields are projected to add a further 200 mmcfd.

According to the Mari management, it will take around two to three years to push both Spinwam and Shewa to their combined full potential of 300 mmcfd. The estimated capital expenditure (capex) on these developments will be $400-500 million if new equipment is purchased, however, the company is also exploring other alternatives, which may lower the capex level.

Ghazij and Shawal fields are currently undergoing extended testing, contributing approximately 40 mmcfd. Combined, the fields have the potential to produce up to 58 mmcfd but they are not operating at full capacity and are awaiting allocation. Once the allocation is granted, further development could increase output by 180 mmcfd, which is expected to be achieved in 18 to 24 months.

Mari aims to sustain its current production level of 595-600 mmcfd from the Habib Rahi Limestone (HRL) reservoir as long as possible through production enhancement facilities. The company currently has no plans to increase production from this field.

Regarding Sky47, the management expects the first data centre to be completed soon, while the one in Karachi is scheduled for completion by the end of next year. The Karachi data centre will operate on a hybrid energy mix, combining green energy and grid power, whereas in the north they will initially rely solely on the grid, with plans to move towards a more sustainable solution over time.

The management of Mari Energies shared that the company aims to maintain a drilling pace of 15 to 20 wells annually over the next five years.

ISLAMABAD:

Consumers are likely to get relief of up to Rs6 per litre in petroleum product prices effective from October 16, 2025.

Petrol prices may drop by Rs6.10 per litre to Rs262.58 in the upcoming fortnightly review, while the price of high-speed diesel (HSD) is expected to decrease slightly by Rs0.97 to Rs275.84 per litre.

Kerosene oil prices may decline by Rs2.75 to Rs182.22 per litre, and light diesel oil (LDO) could see a cut of Rs1.64, bringing it down to Rs163.86 per litre. The expected reduction follows easing global crude oil prices and a relatively stable Pakistani rupee against the US dollar.

The import premium currently stands at $6.62 per barrel for petrol and $3.20 for diesel. Industry officials said that lower crude prices and a steady exchange rate have created fiscal room for the government to provide relief to consumers.

At present, consumers are paying Rs80.52 per litre in petroleum levy and carbon surcharge on petrol, and Rs79.51 per litre on diesel. The Inland Freight Equalisation Margin (IFEM) amounts to Rs8.69 per litre for petrol and Rs6.19 for diesel. The Ministry of Finance will announce the final prices on October 15 after reviewing the latest Platts data and exchange rate trends. The revised prices will take effect nationwide from midnight on October 16, 2025.

Munich / Tokyo. The Japan Mobility Show 2025 becomes
the stage for the latest milestone in the long-standing collaboration
between MINI and British designer Paul Smith. It will be unveiled as
part of the BMW Group Keynote on 29 October 2025 at 09:55 (JST) at the
BMW Group stand, based in the West Exhibition Hall of the show.

MINI and Paul Smith: A creative success story.

The MINI Paul Smith Edition is a new chapter in the success story of
the two British brands. The long-lasting relationship began in 1998,
when the designer wrapped a Classic Mini Cooper in his trademark
visual design. To mark the 40th anniversary of the Classic Mini in
1999, the designer lent his characteristic Paul Smith “Signature
Stripe” to a one-off model. After two further one-offs – the MINI
Strip in 2021 and the MINI Recharged by Paul Smith in 2022 – Paul
Smith’s design language returns to MINI. 

MINI model portfolio.

As part of the BMW Group stand at the Japan Mobility Show, MINI is
presenting the diverse range of its current product portfolio. The
MINI Cooper family is represented by showcasing the MINI Cooper SE,
which combines heritage, technology and driving pleasure. Whilst
providing a fully electric go-kart feeling via the 218 hp electric
powertrain. Also present will be the MINI Cooper 5-door S, which
combines compact dimensions and agility whilst showcasing increased
practicality when compared to its 3-door siblings. A MINI Cooper
Convertible will also be on show, which presents open-air driving in
the spirit of its ‘Always Open’ philosophy: agile, spontaneous and
full of driving pleasure.Launched earlier this year, the MINI John
Cooper Works Aceman outlines its sporty all-electric useable
performance from the John Cooper Works sub-brand. The latest model in
the MINI family presents itself as a versatile companion and not only
demonstrates MINIs typical “Clever Use of Space” – but also
brings a powerful driving experience to the road as a
performance-enhanced version thanks to 258 hp produced from the 54.2
kWh electric battery. Finally, the MINI Countryman S ALL 4 will also
be present on the BMW Group stand at the Japan Mobility Show: as the
largest of the MINI family, the car offers generous space and fits in
perfectly for those looking for longer adventures and spontaneous exploring.

Japan Mobility Show.

The Japan Mobility Show is regarded as one of the most important
international platforms for pioneering mobility concepts. From October
29 to November 9, over 130 exhibitors will be presenting their
innovations to visitors and press at the Tokyo Big Sight exhibition
centre – making the Japanese capital the centre for visions of
tomorrow’s mobility.

 

In case of queries, please contact:

Corporate Communications

Franziska Liebert, Spokesperson MINI

Phone: +49-151-601-28030
E-mail: franziska.liebert@mini.com

Micaela Sandstede, Head of Communications MINI

Phone: +49-176-601-61611
E-mail: micaela.sandstede@bmw.de

MINI Cooper SE (WLTP combined: 14.7 – 14.1 kWh/100 km according to
WLTP; CO2 emissions combined: 0 g/km; CO2-class: A; Range in km
according to WLTP: 387 – 402).

MINI Cooper S 5-Door (WLTP combined: Power consumption 6.8 – 6.3 l
/100 km; CO2 emissions 152 – 141 g/km; CO2 class E).

MINI Cooper Convertible S (WLTP combined: Power consumption 6.6 – 6.5
l /100 km; CO2 emissions 150 – 148 g/km; CO2 class E).

MINI John Cooper Works Aceman (WLTP combined: 16,4 – 16,0 kWh/100 km
according to WLTP; CO2 emissions combined: 0 g/km; CO2-class: A; Range
in km according to WLTP: 355 – 344).

MINI Countryman S ALL4 (WLTP combined: 7.4 – 6.8 l/100 km according
to WLTP; CO2 emissions combined: 169-155 g/km).

OpenAI announced plans on Tuesday to relax restrictions on its ChatGPT chatbot, including allowing erotic content for verified adult users as part of what the company calls a “treat adult users like adults” principle.

OpenAI’s plan includes the release of an updated version of ChatGPT that will allow users to customize their AI assistant’s personality, including options for more human-like responses, heavy emoji use, or friend-like behavior. The most significant change will come in December, when OpenAI plans to roll out more comprehensive age-gating that would permit erotic content for adults who have verified their ages. OpenAI did not immediately provide details on its age verification methods or additional safeguards planned for adult content.

The company launched a dedicated ChatGPT experience for under-18 users in September, with automatic redirection to age-appropriate content that blocks graphic and sexual material.

It also said it was developing behavior-based age prediction technology that estimates whether a user is over or under 18 based on how they interact with ChatGPT.

In a post on X, Sam Altman, the CEO of OpenAI, said that stricter guardrails on conversational AI to address mental health concerns had made its chatbot “less useful/enjoyable to many users who had no mental health problems”.

The stricter safety controls came after Adam Raine, a California teenager, died by suicide earlier this year, with his parents filing a lawsuit in August claiming ChatGPT provided him with specific advice on how to kill himself. Just two months later, Altman said the company has “been able to mitigate the serious mental health issues”.

The US Federal Trade Commission had also launched an inquiry into several tech companies, including OpenAI, over how AI chatbots potentially negatively affect children and teenagers.

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“Given the seriousness of the issue we wanted to get this right,” Altman said Tuesday, arguing that OpenAI’s new safety tools now allow the company to ease restrictions while still addressing serious mental health risks.

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Glass Lewis said it would stop issuing single voting positions on proxy issues and instead offer multiple perspectives to clients, after facing criticism from Republicans over diversity and environmental criteria.

Starting in 2027, Glass Lewis will offer recommendations based on views that are oriented towards management, governance, activism or sustainability. 

“We recognise that a single perspective is no longer sufficient,” Glass Lewis said in a position paper seen by the Financial Times on Tuesday. “Transitioning to a fully client-driven policy model will ultimately put all proxy voting control in the hands of shareholders, empowering them to vote in accordance with their specific beliefs and priorities.”

The firm’s move follows a similar decision by the other major proxy advisory business, Institutional Shareholder Services. Earlier this month, ISS introduced governance research services that do not include voting recommendations and provide customisable data, analysis and recommendations to its clients.

Glass-Lewis said one of the primary drivers of the shift was the “growing divergence” between American and European institutional investors who have taken different approaches to fiduciary duty and sustainability. European clients already rely more on thematic policies rather than benchmark views.

Glass Lewis’s new voting practice comes as proxy advisers have become increasingly scrutinised by public companies and Republican officials over prioritising matters related to environmental, social and governance, and diversity, equity and inclusion. Glass Lewis and ISS are both suing Texas over a state law that limits the guidance that proxy advisers can give to shareholders on corporate governance, diversity and environmental practices.

The proxy adviser’s latest move could blunt some of the criticism that it provides “ideologically driven” recommendations as it moves to give clients more choice to vote in line with their own beliefs and priorities.

Glass Lewis already offers custom voting recommendations to clients but ending its benchmark guidance would push all of its customers under a custom framework. 

“They seem to trying to transition clients to develop more specific policy guidelines, which not only takes Glass Lewis out of the line of fire but also makes more money for Glas Lewis,” said Ann Lipton, a law professor at the University of Colorado.

“I think their ultimate goal is transition to the more expensive and profitable business model.”