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Category: 3. Business
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Ericsson at India Mobile Congress 2025: Showcasing 5G innovations that power India’s digitalization journey – Ericsson
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Wuxi gets positive charge from amped-up electric vehicle sector
An employee works on the assembly line of Yadea Technology Group Co in Wuxi, Jiangsu province. (Liu Jiaqi/Xinhua)
Chinese electric bicycle and vehicle manufacturers are rapidly expanding their global presence by establishing production bases and transit warehouse systems overseas.
Yadea Technology Group Co, an electric scooter industry leader which also manufactures electric motorcycles, electric tricycles and light commercial vehicles, has maintained its position as the top global seller for eight consecutive years, exporting to over 100 countries.
The company has built 10 major production and research centers globally, holds over 2,000 patents, and has streamlined its operations from research and development to production, supply, sales and service.
Wang Jiazhong, senior vice-president of Yadea, reported a 40-50 percent year-on-year growth in exports from January to July.
Yadea’s Wuxi, Jiangsu province base currently operates 14 production lines, churning out over 3 million units annually.
Known as the “hometown of electric vehicles in China”, Xishan district in Wuxi hosts an industry cluster that accounts for about one-third of the national market. Six of the top 10 domestic EV companies have factories in the area.
Established in 2021, Wuxi (Xishan) Electric Vehicle Industrial Park has become one of the largest and most comprehensive EV industrial parks in China.
With extensive development experience, advanced research and technology, strict quality control and mature production processes, Wuxi enterprises have quickly expanded into overseas markets.
In the first half, the district’s two-wheeled EV exports reached $350 million, a 31.9 percent increase year-on-year, with exports to India particularly notable at $94.33 million, up 102.2 percent.
In March, Xishan district launched its first batch of six global public overseas warehouses for EVs. Currently, seven companies have established 14 overseas warehouses across nine countries.
“We encourage companies to expand internationally and support them in adapting their mature supply chains to local conditions,” said Gu Shuhao, director of the Foreign Trade Section of the Xishan district’s commerce bureau.
EV companies from the district have built over 20 production bases in countries such as Indonesia and Vietnam and have established more than 1,800 overseas marketing outlets.
A differentiated product strategy has been key to the global success of Chinese EVs. Yadea tailors its R&D efforts to different markets.
Wang said: “We adjust seating and ergonomics for European consumers based on height characteristics. For regions with poor road conditions, we increase wheel diameter and enhance power systems. We also design product appearances and colors to match each country’s aesthetic preferences.”
For instance, in the Indonesian market, the local food delivery industry demands electric vehicles with a range of 150 kilometers, exceeding domestic standards. “We conduct in-depth research on road conditions and range to ensure vehicles can handle complex roads while meeting the daily mileage needs of delivery riders,” Wang said.
In October 2023, Yangtze River Delta (Wuxi) Electric Vehicle Cross-border E-commerce Industrial Park opened, with its second phase launched in March this year, aiding EV firms in entering foreign markets.
In March, the Xishan District Electric Vehicle Foreign Trade Association signed a global public overseas warehouse agreement with several cross-border e-commerce companies, initiating the first batch of six global public overseas warehouses in Xishan district.
Through the association, the district’s commerce bureau will continue to lead suitable cross-border e-commerce companies in the district to explore overseas markets collaboratively.
(Web editor: Huang Kechao, Liang Jun)
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Artificial Intelligence in Health and Medicine: Progress, Challenges, and Recommendations
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Landlords exposed flouting London’s Airbnb rules
Alison BenjaminBBC Verify and
Guy LynnBBC London Investigations
Getty ImagesAirbnb told the BBC it acted on reports from local authorities when hosts evade rules and its policies More than 1,000 Airbnb listings have been duplicated by landlords attempting to dodge short-term letting limits in London, BBC research suggests.
In the capital, homes can be let – often to tourists – for up to 90 nights a year without planning permission, a rule meant to protect London’s housing supply.
But many landlords are creating multiple listings for the same property, switching to a new one once the limit is reached in order to illegally keep renting the property for short-term lets all year.
One local council said it was creating a “mockery” of the law but Airbnb said it acted on reports from local authorities when hosts evaded rules.
London – one of Airbnb’s largest markets in the world – is the only area in the UK which restricts lets to tourists for a maximum of 90 days.
The policy is designed to enable people to earn a bit of extra money from their homes when not in use, while protecting rental housing supply for people like Ciaron Tobin.

Ciaron Tobin is on the hunt for a flat-share The 22-year-old is preparing to move to London to begin a law degree while working part-time, but has been struggling to find an affordable home near his workplace to share with friends.
“Properties are simply too expensive for what I can earn in London, especially given where I need to commute,” he said.
“Prices are now outside of what I can afford. With Airbnb, supply is decreasing and the prices are rising.”
Airbnb disputes its impact on rental prices, and many landlords have criticised the 90-day legislation, saying it imposes too many controls.
Identical images
To get a snapshot of the current situation, BBC Verify developed photo-matching software which analysed images from 37,000 adverts for “entire” homes on Airbnb in London on a single day.
The investigation found about 1,300 listings had reused identical images – such as the same furniture, rooms and decor – from other supposedly unique listings.
The software flagged a larger number – about 1,700 – but after manually reviewing a sample we removed a quarter that were likely to be legitimately reusing photos, such as stock images of London, or multiple flats in one building.
The findings suggest hosts are widely using a known method for dodging the 90-day rule, allowing them to extend short-term rentals beyond what the law permits by creating duplicate listings which have not been picked up by Airbnb.
A previous BBC investigation found some property firms were touting tactics such as changing addresses or re-photographing the same house.
Airbnb said it used software featuring an inbuilt “counter” to stop anyone from renting out short-term lets for longer than 90 days, and that duplicate listings of the same property to evade enforcement were in breach of its terms.
The counter begins from the moment a property is listed.

Councillor Adam Hug, the leader of Westminster City Council, said the situation “made a mockery” of London’s short-stay restrictions “Duplicate listings make it much harder for our teams to track down those who are breaking the rules, making such misery for local residents and taking homes out of the housing market,” said Adam Hug, leader at Labour-controlled Westminster City Council.
He said the situation “made a mockery” of London’s short-stay restrictions.
The council is currently investigating about 2,700 properties for alleged breaches of the 90-day limit.
The main way councils tackle landlords who break the rules is by issuing an enforcement notice. Ignoring one is a criminal offence and can lead to prosecution and an unlimited fine.
A spokesperson for the Greater London Authority said the BBC’s findings revealed how “illegal short-term lets pile pressure on supply at a time when affordable housing is desperately needed”.

In just one day, the BBC found almost 1,300 copycat listings of seemingly unique “entire” properties The BBC shared its methods and findings with Airbnb and offered an on-camera interview for the company to respond which was declined.
Airbnb said it was “disappointed” the BBC had not shared its evidence in raw data form so it “could look into the claimed findings”.
It said it was the only platform that automatically capped listings in Greater London at 90 nights unless hosts had permission to exceed the limit and that it acted on reports from local authorities if rules were evaded.
It argued that short-term lets made up only a tiny fraction of London’s housing stock, had little impact on overall affordability, and emphasised its contribution to tourism, claiming it supported 16,800 jobs and added £1.5bn to the capital’s economy in 2023.
There are several other short-term letting platforms, but Airbnb is by far the largest.
The Department for Culture, Media and Sport said it was developing a registration scheme for short-term lets in England.
The Short Term Accommodation Association said it wanted “clear fair, rules”, adding that a registration scheme would “give the sector the tools to work with councils to deal quickly with bad practice such as duplicate listings”.
Airbnb told the BBC it was working with the government on implementing the scheme.
Elsewhere in the UK, Scotland requires a licence to operate, with similar plans under way in Wales.
In Northern Ireland, anyone offering tourist accommodation must already be certified by Tourism NI.
Globally, cities such as New York and Santa Monica in California tightly restrict such lettings through licensing and have a requirement for hosts to be on-site, while Barcelona is planning a total ban on short-term rentals from 2028.
Additional reporting by Kris Bramwell & Stephen Menon
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Greater Anglia nationalisation will deliver ‘value for money’
Andrew SinclairEast of England political editor and
Ben SchofieldEast of England political correspondent
Martin Giles/BBCHeidi Alexander stopped short of promising lower fares for passengers The transport secretary has vowed to “move heaven and earth” to deliver “value for money on the railways”.
But Heidi Alexander stopped short of promising cheaper fares for train passengers.
She was speaking ahead of the nationalisation of the East of England rail operator, Greater Anglia, on Sunday.
The company, which is among the UK’s best performing train firms, said passengers should experience the same levels of service.
Alexander, on a visit to Norwich station, said she wanted to “embed high-performing, reliable railways that people can depend on”.
There was also a “baffling array of different ticket types”, which she hoped nationalisation would help “simplify”.
“I do think we need to simplify fares, but I can’t make a promise that we can bring fares down in the short term because we’ve got to run a financially sustainable railway,” she said.
Martin Giles/BBCMinisters hope to “unify” the different parts of the railway to end “fragmentation” Last week Greater Anglia, which handled 81.8m passenger journeys in 2024/25, was named Rail Operator of the Year at the National Transport Awards.
Almost 94% of its trains arrived within three minutes of their scheduled time last year.
The government said it would be “used as a benchmark for other operators” and would “share best practice and drive up standards” across the rail network.
Martin Giles/BBCGreater Anglia will eventually become part of Great British Railways Greater Anglia will eventually become part of Great British Railways, which the government plans to set up in the coming years.
The company runs trains from Cambridge, Ipswich, Norwich and Colchester into London, as well as the Stansted Express and services across the East of England.
The transport secretary said there was a “gap of about £2bn” between what the government “ploughs” into the railways and fare income from passengers.
“In the longer term, I would like to be able to deliver a more affordable railway but I’ve got to get the balance right between what the taxpayer is putting in to subsidise the railway – which is billions of pounds at the moment – and what passengers are paying,” she added.
She said the government would “move heaven and earth to make sure that people get value for money on the railways because I do recognise that prices can be high”.
But, she went on: “People need to know that they get a service that they can rely upon and that it’s going to be a high quality service.”
The Department for Transport (DfT) has said that nationalising all the current rail franchises would save an estimated £150m a year in fees paid to private sector operators.
Owen Ward/BBCGreater Anglia hoped passengers would not see immediate differences An integrated leadership team will bring together Network Rail Anglia, which is responsible for rail infrastructure like tracks and signals, with the operators Greater Anglia and c2c, which runs services in south Essex and was nationalised in July.
The DfT said that team would “increase collaboration and accountability, delivering improvements for passengers and freight users”.
But Jerome Mayhew, the Conservative MP for Broadland and Fakenham in Norfolk, told Sunday’s BBC Politics East that he was “really worried” about rail nationalisation and that “Labour has got the wrong analysis” and were “giving the wrong solution to the problems”.
Greater Anglia, he added, was a “really well-run private business”, which had invested in new trains.
The first nationalised Greater Anglia service on Sunday will be the 16:10 BST Stansted Express from Liverpool Street.
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Morning Bid: All talk Takaichi – Reuters
- Morning Bid: All talk Takaichi Reuters
- Japan LDP Leader Takaichi: Don’t See Immediate Need To Revise Govt-BoJ Joint Agreement Forex Factory
- Japan’s Next Prime Minister Could Make Rate Increases Tricky for Bank of Japan The Wall Street Journal
- Analysis-Takaichi’s Jab at BOJ Independence May Face Political Reality Check Money US News.com
- JGBs Consolidate as Investors Assess Takaichi’s Remarks on BOJ MSN
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Ijara Capital expands healthcare portfolio with acquisition of Sindlab
October 10, 2025 (MLN): Ijara Capital Partners Ltd., one of Pakistan’s leading private equity and venture capital firms, has acquired Sindlab Pvt. Ltd., according to Bloomberg.
The deal marked another strategic move by Ijara Capital in the healthcare sector, following its earlier acquisition of Searle Pakistan Co. this year.
Sindlab, established nearly five decades ago, is widely recognized for offering affordable diagnostic services in clinical laboratory testing, radiology, and ultrasound across its extensive citywide network.
Ijara Capital CEO Farrukh Ansari said the acquisition aligns with the firm’s vision to build a strong and accessible healthcare ecosystem in Pakistan. “Sindlab’s trusted brand and widespread retail presence make it a natural fit for our expanding health portfolio,” he noted.
He added that Ijara Capital remains focused on identifying new investment opportunities in healthcare to further strengthen its presence in the sector.
In a statement, the firm described healthcare as a “critical national growth pillar,” reaffirming its commitment to improving accessibility through targeted investments, operational efficiency, and innovation.
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MHIET and MHI-TC Complete Delivery of First “COORDY” Controller Providing Optimized Control of Multiple Power Sources– System Installed at Mitsui Fudosan Logistics Park Yokohama-Shinkoyasu —
COORDY Tokyo, October 10, 2025 – Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET) and MHI Transportation and Construction Engineering, Ltd. (MHI-TC), which are both Mitsubishi Heavy Industries (MHI) Group companies, have delivered the first “COORDY” microgrid controller enabling optimal control of multiple power sources and maximum use of renewable energy. Delivery was made to Mitsui Fudosan Logistics Park Yokohama-Shinkoyasu (MFLP Yokohama-Shinkoyasu), a large-scale logistics facility developed in Tsurumi-ku, Yokohama by Mitsui Fudosan Co., Ltd. and ENEOS Real Estate Corporation.
MFLP Yokohama-Shinkoyasu has a rooftop installation of a 2,000kW-class solar power generating facility and on-site storage batteries of roughly 2,600kWh to utilize the renewable energy. There, MHIET’s COORDY provides optimized control of three power sources; grid power, the solar power system and energy storage system (batteries). With the use of COORDY, it is expected to reduce CO2 emissions by some 40% compared to using grid power for the demand. MHI-TC was in charge of all aspects in purchasing, installation and trial operation of COORDY as well as construction of civil engineering structures. MHI Group’s total engineering capability(Note), achieved through close coordination among all Group companies, has made it possible to deliver a total package of optimal operational facilities and products with comprehensive handling of everything from civil engineering to installations of equipment, resulting in outstanding construction efficiency and total cost reductions.
EBLOX is a “Triple Hybrid” stand-alone power supply system developed by MHIET that coordinates energy from three sources: renewable energy such as solar power, a reciprocating engine generator and storage batteries. This combination allows for optimal use and stabilized control of renewable energy, which is inherently vulnerable to fluctuations. Since 2019, this system has been in operation as a demonstration facility at MHIET’s Sagamihara Plant. COORDY, which plays the key role in EBLOX, enables response to business continuity planning (BCP) needs and provides optimized control of power from the engine generator, storage batteries and renewable energy when grid energy is unavailable due to natural disasters, etc.
By proposing EBLOX as a solution that optimally utilize volatile renewable energy for stable power supply by way of COORDY, MHIET aims to achieve low-carbon/zero-carbon society along with MHI Group’s strategic approach towards energy transition and contribute to solving diverse social challenges.
MHI-TC, through its comprehensive capabilities in civil engineering, facility construction, and plant construction and engineering, will continue to strive to contribute to an optimized and efficient sustainable society through utilization of MHI Group products and facilities.
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Fortescue’s Green Pioneer Named on TIME’s List of Best Inventions of 2025
10 October 2025
Fortescue is proud that the Green Pioneer, the world’s first dual-fueled ammonia-powered vessel, has been named on TIME’s list of best inventions of 2025.
Fortescue is proud that the Green Pioneer, the world’s first dual-fueled ammonia-powered vessel, has been named on TIME’s list of best inventions of 2025.
This caps a remarkable year for the Green Pioneer, with the 75m-vessel achieving a number of firsts throughout 2025 as it embarked on a global advocacy tour that has seen it dock at London, Rotterdam, Monaco, Boston and most recently in New York as Fortescue seeks to fast-track the widespread adoption of ammonia as a marine fuel.
The milestones include sailing on ammonia in international waters for the first time, during the vessel’s journey from the Netherlands to the south of France and later in the Atlantic off the US East Coast. This followed successful bunkering operations in Rotterdam and Boston respectively.
All these bunkering and ammonia operations required exemplary collaboration with the respective authorities with the efforts of the Green Pioneer team smoothing the way for future adopters of ammonia-powered ships.
The adoption of ammonia, which is a carbon-free fuel, is crucial in reducing the carbon footprint of the shipping industry, which today accounts for 3% of global emissions and its share is set to rise to 10% by 2040.
Fortescue Green Pioneer is among 300 extraordinary innovations changing our lives that TIME revealed today on its annual list of the Best Inventions.
To compile this year’s list, TIME solicited nominations from TIME editors and correspondents around the world, and through an online application process, paying special attention to growing fields—such as health care and AI. TIME then evaluated each contender on a number of key factors, including originality, efficacy, ambition, and impact.
To see the full list, go to time.com/collections/best-inventions-2025/
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Stock Rally Pauses on Tech Valuations, Dollar Dips: Markets Wrap
(Bloomberg) — The blistering rally in global equities halted amid rising concern that technology valuations have run too far.
Asian shares fell 0.8%, tracking declines in the US, with technology firms dragging in Japan and China. Semiconductor Manufacturing International Corp. slumped 7% after reports that brokerages have cut the stock’s margin financing ratio to zero, citing high valuations. A gauge of Chinese tech shares in Hong Kong was set for its worst week since early August. Equity-index futures for Europe and the US were flat.
The dollar slipped after a four-day rally took it to the strongest since the beginning of August. A Bloomberg gauge of the currency was set for its best weekly gain since mid-November 2024. Gold extended its losses, while oil held the biggest decline in a week.
Global shares were set for a second decline in three weeks as investors took a pause following a robust rebound from April’s lows, when tariff announcements shook markets. The surge in AI-focused technology companies has fueled a debate over whether prices are running ahead of fundamentals.
“Some areas of the market appear overheated,” said Keith Lerner at Truist Advisory Services Inc. “The extended stretch without a meaningful pullback leaves the market more sensitive to negative surprises.”
Chip stocks in Asia, especially in Japan, had rallied earlier this month after companies such as Hitachi Ltd. and Fujitsu Ltd. formed alliances with OpenAI and Nvidia Corp. South Korean shares rose upon return from a week-long holiday with Samsung Electronics Co. jumping 5.4%.
“China tech is starting the fourth quarter with some profit-taking by investors after a stellar 3Q run, and that’s weighing down the index,” said Marvin Chen, a strategist with Bloomberg Intelligence.
In other corners of the market, Treasuries steadied after falling across the curve Thursday.
The yen headed for its biggest weekly loss in a year even as Japan’s new ruling-party leader Sanae Takaichi — a pro-stimulus lawmaker — said she wasn’t in favor of an excessively weak currency.
Takaichi will meet with her ruling coalition counterpart on Friday afternoon, amid fears of a possible rupturing of the 26-year partnership that has been the bedrock of political stability in Japan.
The Argentine peso rebounded after the US rushed to stabilize the country’s economy, offering $20 billion in financing and carrying out a rare intervention in currency markets after weeks of sharp declines.
Meanwhile, India’s Prime Minister Narendra Modi spoke with US President Donald Trump to review progress on trade talks, signaling renewed efforts by both sides to break the impasse.
What Bloomberg strategists say…
“The growing momentum for the greenback is spurring a fresh squeeze for overstretched dollar bears. There seems to be still plenty of money hanging on to bearish dollar positions in the hope that the ‘sell America’ narrative from early 2025 makes a return. If that’s so then further dollar squeezes are on the cards.”
— Garfield Reynolds, MLIV Asia Team Leader. Click here for the full analysis.
Investors are also focused on the recent strength of the dollar.
The world’s primary reserve currency is around a two-month high, even as the US government shutdown drags on, and traders in Asia and Europe say hedge funds are adding options bets that the rebound versus most major peers will extend into year-end.
“While further dollar upside may be limited without a notable rise in real yields, another leg higher in US Treasury yields could spark broader risk-asset corrections,” wrote Dilin Wu, a strategist at Pepperstone Group.
Corporate News:
Samsung Electronics Co. shares jumped, on track to close at an all-time high, riding investor enthusiasm for its potential in artificial intelligence chips and renewed confidence in its conventional memory business. Chinese battery stocks fell as the nation will impose export controls on some lithium batteries, critical materials, and related technology and equipment effective Nov. 8, according to a statement Thursday. Seven & i shares dropped after the company lowered its full-year outlook below analyst expectations, citing weakness in its domestic convenience store business. SoftBank Group Corp. is in talks to borrow $5 billion from global banks, refilling its coffers at a time Masayoshi Son is accelerating the Japanese investment firm’s bets on artificial intelligence. Apple Inc. is preparing to expand the roles of some top executives in response to the pending departure of longtime Chief Operating Officer Jeff Williams. Some of the main moves in markets:
Stocks
S&P 500 futures were little changed as of 2:03 p.m. Tokyo time Japan’s Topix fell 2% Australia’s S&P/ASX 200 fell 0.1% Hong Kong’s Hang Seng fell 1.1% The Shanghai Composite fell 0.6% Euro Stoxx 50 futures were little changed Currencies
The Bloomberg Dollar Spot Index fell 0.1% The euro was little changed at $1.1573 The Japanese yen rose 0.2% to 152.74 per dollar The offshore yuan rose 0.1% to 7.1290 per dollar Cryptocurrencies
Bitcoin was little changed at $121,217 Ether rose 0.1% to $4,344.01 Bonds
The yield on 10-year Treasuries declined one basis point to 4.13% Japan’s 10-year yield was little changed at 1.695% Australia’s 10-year yield advanced two basis points to 4.37% Commodities
West Texas Intermediate crude fell 0.4% to $61.28 a barrel Spot gold fell 0.2% to $3,969.82 an ounce This story was produced with the assistance of Bloomberg Automation.
–With assistance from Kelly Li and Carmeli Argana.
©2025 Bloomberg L.P.
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