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[October 31, 2025, Madrid, Spain] Huawei recently hosted the Global Optical Summit (GOS) 2025 Europe in Madrid, Spain. Themed “F5G-A Accelerates Industry Intelligence,” the event brought together more than 150 industry experts, clients, and ecosystem partners from across Europe to discuss the latest trends and applications of F5G Advanced (F5G-A) in driving intelligent industry transformation.
In his keynote, Perry Yang, President of Enterprise Optical Domain, Huawei, remarked: “As the wave of intelligent transformation sweeps the globe, Europe is entering a critical stage of intelligent transformation. Leveraging F5G-A technologies, Huawei is building an intelligent connectivity foundation with high bandwidth, low latency, and enhanced awareness. Together with our clients and partners, we are accelerating industry upgrades and helping Europe move toward a high-quality, sustainable, and intelligent future.”
Perry Yang, President of Enterprise Optical Domain, Huawei
F5G-A all-optical networks are already in large-scale use across sectors such as education, healthcare, ISPs, transportation, and electric power. At the summit, representatives from various industries shared their experience in F5G-A deployment and gave insights.
José Antonio Jiménez Caballero, Head of Digitalisation of Standards Dept at UNE, Spain, commented: “The POL all-optical network, with its simple architecture, energy efficiency, large bandwidth, and smooth evolution features, support efficient data transmission and enable high-quality diagnosis and treatment services in the smart healthcare system. Now, Spain is actively formulating standards and specifications for smart hospital network construction. The goal is to leverage all-optical networks to enhance hospital connectivity, meet the evolving needs of the healthcare industry, and comply with the requirements of the Gigabit Infrastructure Act (GIA).”
José Antonio Jiménez Caballero, Head of Digitalisation of Standards Dept at UNE, Spain
Daniel Just, CEO of CERIUM TECNOLOGIAS, Spain, spoke about the company’s collaboration with Huawei in building green, smart hotels: “The FTTO solution enables high-speed networks to reach every corner of a hotel. Its simplified cabling design significantly reduces construction costs. In addition, this solution supports long-distance transmission and easily covers large spaces such as villas, delivering a seamless high-speed network experience without blind spots. CERIUM collaborates with Huawei to deliver unparalleled user experience, scalability, and security for hotels, reshaping the future of smart hotel.”
Daniel Just, CEO of CERIUM TECNOLOGIAS, Spain
F5G-A Boosts ISP Innovation and Unlocks New Growth in Home Broadband
With the widespread adoption of smart home devices and upgrades to user experience, ISPs in Europe are entering a new phase of growth opportunities.
ISP Home Broadband Panel
York Liu, Vice President of Enterprise Optical Domain at Huawei, introduced Huawei’s portfolio of multi-scenario fiber access solutions based on F5G-A, including FTTH (Fiber to the Home), FTTR (Fiber to the Room), and FTTO (Fiber to the Office). These solutions provide users with high bandwidth and low latency connectivity for superior experience. For example, in the smart home scenario, Huawei has proposed a comprehensive “from one fiber to one network, and to one smart home” strategy, offering AI-ONT, iFTTR, and AI-FTTR solutions to meet the needs of different development stages of smart home construction.
Raphael Peschkes, Prokurist of Glasfaser Direkt and CMO of Carrierwerke, Germany, shared the successful launch of FTTR package in partnership with Huawei: “Through our collaboration with Huawei, we deliver true gigabit connectivity and seamless Wi-Fi coverage to the entire house for our customers. FTTR not only enhances user experience, but also lays the foundation for building smarter, more interconnected homes across Germany.”
Gonzalo Elguezabal Ayala, CEO of AOTEC, Spain, examined the trends in Spain’s HBB industry: “Spain’s FTTH coverage has now reached nearly 90%, marking a significant achievement. FTTR services are also in the pipeline. As competition intensifies in the home broadband market, ISPs should leverage their organizational strengths to unlock new growth opportunities by offering innovative products and services, cost-effective packages, and building strong brand recognition. These efforts pave the way for long-term, stable growth in the home broadband industry.”
Rafael Avendaño Torres, Head Of Strategy & Engineering at Onivia, Spain, analyzed the business benefits and challenges of FTTH solutions through real-world cases. He suggested: “ISPs can use more cutting-edge technologies such as 10G PON, Wi-Fi 7, and FTTR to strengthen their brands and flexibly adjust service packages to cope with these challenges.”
Stefan Obucina, Director of Architecture Department at PUC Belgrade Metro and Train, Serbia, shared how optical-visual linkage is used to set up intelligent borders for the metro system: “As major urban rail projects such as the Belgrade Metro continue to advance, the need for higher-precision perimeter inspection is becoming increasingly important. Huawei’s optical-visual linkage perimeter inspection solution, powered by AI-enhanced fiber sensing, offers metro operators a powerful tool to help ensure safety and reliability. Designed to deliver zero missed alarms and an ultra-low false alarm rate, it supports the prevention of intrusions and theft while reducing manual inspections and lowering O&M costs. This innovative technology demonstrates how intelligent sensing can contribute to smarter, safer metro operations worldwide.”
Stefan Obucina, Director of Architecture Department at PUC Belgrade Metro and Train
At GOS 2025 Europe, Huawei joined hands with its clients and partners from various sectors in Europe to showcase the vast potential of F5G-A in accelerating the intelligent transformation across industries. Moving forward, Huawei will continue to expand the application of F5G-A all-optical networks, supporting industries across Europe and beyond in advancing toward a new era of intelligence and sustainable development.
LONDON, Oct 31 (Reuters) – Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend.
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Wall Street got spooked on Thursday, with Microsoft and Meta both seeing their share prices fall on concerns about the AI capex binge. However, the big news of the week was chip giant Nvidia becoming the first company to see its market cap eclipse $5 trillion, having hit $4 trillion only three months ago. With U.S. equity futures up before the bell on Friday, it looks like Halloween may be more “treat” than “trick.”
The week began with news that we would likely see an agreement between U.S. President Donald Trump and his Chinese counterpart Xi Jinping. And we saw just that on Thursday following a meeting described as a “12 out of 10” by the U.S. president.
The two settled on a deal that would see reduced U.S. tariffs on Chinese goods and a delay of China’s rare earths curbs, among other promises. But don’t get too excited, warns ROI Markets Columnist Jamie McGeever, the U.S.-China story has been here before.
Another big news item this week came courtesy of Federal Reserve Chair Jay Powell. While the Fed’s decision to cut interest rates by 25 basis points on Wednesday was widely expected, the Chair also signalled that a December cut was far from a slam dunk. This may be an acknowledgement that interest rate cuts will likely be a pretty lousy tool if the Fed’s goal is to support an economy suffering from labor supply issues.
The Fed’s hawkish tone gave another boost to the U.S. dollar – which is on track for a roughly 2% gain this month – something that likely won’t go down well with the Trump administration, or so argues ROI editor-at-large Mike Dolan.
In energy markets, OPEC will meet this Sunday and is expected to announce another output increase. Saudi Arabia, OPEC’s de facto leader, appears to be caught between Donald Trump and a hard place, argues ROI Energy Columnist Ron Bousso, as the U.S. president’s latest oil sanctions on Russia force Riyadh to weigh competing geopolitical and economic priorities.
Staying on sanctions, how useful have those on Russia actually been? ROI Asia Commodities Columnist Clyde Russell considered this question earlier in the week, arguing that it all depends on how success is measured.
On the renewables side, ROI Energy Transition Columnist Gavin Maguire this week discussed how China’s electric vehicle output and exports may now hit reverse following a significant policy pivot.
Finally, in the metals markets, copper made headlines again as the London Metal Exchange price hit an all-time nominal high of $11,200 per metric ton on Wednesday.
As we head into the weekend, check out the ROI team’s recommendations for what you should read, listen to, and watch to stay informed and ready for the week ahead.
I’d love to hear from you, so please reach out to me at anna.szymanski@thomsonreuters.com, opens new tab ., opens new tab
This weekend, we’re reading…
CLYDE RUSSELL, ROI Asia Commodities and Energy Columnist: This excellent Reuters special report shows how a small insurer in New Zealand is a key link in the dark fleet responsible for shipping Iranian and Russian oil.
MIKE DOLAN, ROI Financial Markets Editor-at-Large: Former IMF and World Bank top official Anne Krueger’s column for Project Syndicate this week makes a powerful case for an alternative global trading system without America – a “Global Trade Organisation” or GTO, opens new tab – to replace the hobbled WTO, supporting the push by Canadian Prime Minister Mark Carney.
GAVIN MAGUIRE, ROI Global Energy Transition Columnist: This recent report from the Centre for Research on Energy and Clean Air (CREA), opens new tab explains how China, India and Indonesia – three of the world’s largest coal consumers – could all hit peak power sector emissions by 2030.
ANDY HOME, ROI Metals Columnist: Copper prices hit a new all-time high in London this week, so here’s a timely overview of the market from the International Copper Study Group, opens new tab. Everything you wanted to know about copper but were too afraid to ask.
We’re listening to…
RON BOUSSO, ROI Energy Columnist: I highly recommend the Reuters Econ World podcast in general, but especially the latest instalment where the Reuters Russian bureau chief and commodities editor discuss the intensifying energy war that has developed between Russia and Ukraine. They discuss its impact on the Russian economy as well as the global energy market.
And we’re watching…
JAMIE MCGEEVER, ROI Markets Columnist: In the latest episode of the ‘Monetary Matters’ podcast, opens new tab hosted by Jack Farley, former New York Fed desk trader Joseph Wangdissects the Fed’s latest decision, particularly the call to stop reducing its balance sheet on December 1. Wang explains the stress he sees in repo markets which, in his view, will soon prompt the Fed to start expanding its balance sheet again. Fair warning, this gets a bit wonky.
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Opinions expressed are those of the authors. They do not reflect the views of Reuters News, which, under the Trust Principles, opens new tab, is committed to integrity, independence, and freedom from bias.
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Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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Anna Szymanski is Editor in Charge of Reuters Open Interest, an essential source for data-driven markets and finance commentary. Anna overseas Reuters commentary on financial markets, commodities, macroeconomics, and other key topics of interest to markets professionals. Anna joined Reuters from Oaktree Capital Management, where she was Senior Vice President and Senior Financial Writer, managing the Oaktree Insights program. Anna is a CFA Charterholder. Follow Anna on LinkedIn.
Nexperia, the EU-based automotive chipmaker at the centre of a geopolitical dispute, has suspended supplies to its Chinese factory, stepping up a trade war that threatens to halt production at carmakers around the world.
The company wrote to customers this week informing them all supplies to a Chinese plant had been suspended.
In September, the Netherlands used national security laws to take control of the chipmaker, citing concerns that its Chinese owner, Wingtech Technologies, was planning to shift intellectual property to another company it owned. The Dutch government said that threatened the future of European chip capacity, and removed the Wingtech chairman, Zhang Xuezheng, as chief executive.
China responded by halting exports from all Nexperia’s factories in China, prompting warnings this week that the embargo would force production lines at EU car factories to close within days.
An extended blockade threatens the supply chain, because many Nexperia products manufactured in Europe – including the wafers from which chips are cut – were previously shipped to the Chinese factory for packaging and distribution.
Nexperia’s interim chief executive, Stefan Tilger, wrote that he had suspended shipments to the Dongguan factory, in the southern Guangdong province, on Sunday, saying it was “a direct consequence of the local management’s recent failure to comply with the agreed contractual payment terms”, according to extracts first published by Reuters.
Nexperia said it still hoped to resume shipments, and wanted to de-escalate the situation. A person with knowledge of the situation said shipments could resume if the contractual payments were made. The company will also continue to ship products to a factory in Malaysia, which is smaller than its Chinese plant.
A succession of carmakers have warned of the possibility of shortages of components that are crucial throughout modern cars.
The automotive industry suffered from severe semiconductor shortages in the wake of the coronavirus pandemic, but these affected more advanced chips, rather than the cheaper power control ones made by Nexperia. The company generally ships more than 100bn products a year, to be used in parts ranging from airbags and adjustable seats to wing mirrors and central locking.
Nissan said this week it had enough chips to last until the first week of November, while rival Honda said it had suspended production at a plant in Mexico. Mercedes-Benz said it was “covered” in the short term, but it was looking for alternatives. Volkswagen signalled on Thursday that its annual profit targets were at risk without sufficient chips.
However, Toyota, the world’s largest carmaker, told reporters at a car show in Tokyo on Friday that it was not facing a major supply problem, even if it could eventually face a hit to production.
The German Association of the Automotive Industry (VDA) said on Thursday it feared “significant production restrictions in the near future, and possibly even production stoppages” if the Nexperia situation could not be resolved soon.
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The EU’s tech chief, Henna Virkkunen, will meet Nexperia leaders on Friday to discuss the crisis.
British operations may also be affected. Nexperia produces some chip wafers in Manchester, in a factory set up originally by the Dutch manufacturer Philips.
Nexperia previously owned another UK factory, in south Wales, but was blocked from completing a takeover of Newport Wafer Fab by the UK government on national security grounds, because of its ultimate Chinese owners. The US semiconductor company Vishay Intertechnology eventually agreed to buy the factory in November 2023.
Oct 28 (Reuters) – Medplus Health Services (MEDP.NS), opens new tab, one of India’s top retail pharmacy chains, reported a 43.3% rise in second-quarter profit on Friday, driven by higher sales from new store openings and steady demand for its private label products.
Consolidated net profit rose to 555 million Indian rupees ($6.31 million) for the quarter ended September 30, up from 387 million rupees a year ago.
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Total revenue rose 6.5% to 16.79 billion Indian rupees ($191.02 million).
The company, which operates over 4,200 pharmacies in India, has been expanding into smaller cities and plans to open 600 new stores by the end of this fiscal year.
It trails Apollo Pharmacy, which has more than 6,000 stores, and also competes with Reliance Industries’ (RELI.NS), opens new tab Netmeds and other retail pharmacies.
MedPlus is benefitting from growing demand for its high-margin private label products in both the pharmaceuticals and consumer wellness categories.
The pharmacy chain is also offering online sale and at-home delivery of medicines, keeping up with the growing appetite for convenience among Indian customers.
($1 = 87.8950 Indian rupees)
Reporting by Kashish Tandon and Mridula Kumar in Bengaluru; Editing by Ronojoy Mazumdar
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Nvidia (NASDAQ:NVDA) said it will supply more than 260,000 of its new Blackwell AI chips to South Korea’s government and major companies, a move aimed at boosting the country’s AI infrastructure.
The package includes about 50,000 chips earmarked for a national AI computing center, while Samsung Electronics, SK Group and Hyundai Motor Group are set to receive up to 50,000 chips each to power smart factories and advanced manufacturing initiatives. Naver plans to buy roughly 60,000 chips to expand cloud and AI services.
The announcement came after Nvidia CEO Jensen Huang met South Korean President Lee Jae Myung and industry leaders at the APEC CEO Summit in Gyeongju, underscoring closer commercial ties between the U.S. chipmaker and Korea’s tech and auto sectors.
Analysts say the deal helps Nvidia diversify sales beyond China amid export restrictions and accelerates South Korea’s push to become a regional AI hub by scaling compute capacity across government and private cloud platforms.
An Exxon Mobil gas station in Lorton, Virginia, US, on Monday, Oct. 27, 2025.
Luke Johnson | Bloomberg | Getty Images
Exxon Mobil on Friday reported third quarter earnings that fell year over year, as oil prices tumbled due in large part to OPEC+ increasing production.
Exxon’s net income fell 12% to $7.55 billion, or $1.76 per share, compared to $8.6 billion, or $1.92 per share, in the year ago period. Excluding one-time items, the oil major posted earnings per share of $1.88.
U.S. crude oil prices have fallen about 16% this year as OPEC+ is increasing production and President Donald Trump’s tariffs have the market worried about an economic slowdown.
Exxon shares were down more than 1% in premarket trading.
Here is what Exxon reported for the third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Earnings per share: $1.88 adjusted.
Revenue: $85.3 billion, vs. $87.7 billion expected
CEO Darren Woods said Exxon posted its highest earnings per share compared to similar quarters when oil prices were falling. Profits also took a hit due to bottom-of-cycle margins in its chemicals business.
However, production in Exxon’s lucrative offshore assets in the South American nation of Guyana hit a quarterly record of more than 700,000 barrels per day. Its assets in the Permian Basin also set a production record of nearly 1.7 million bpd.
Overall, Exxon produced 4.77 million bpd in the quarter.
Exxon’s production business recorded earnings of $5.68 billion, while its refining business posted a profit of $1.8 billion. Its chemicals product business saw earnings of $515 million.
The oil major’s capital expenditures stand at about $21 billion so far this year. It expects spending in 2025 to come in slightly below the lower end of its guidance range of $27 billion to $29 billion.
Exxon gave back $9.4 billion to shareholders in the quarter and raised its fourth-quarter dividend to $1.03 per share.
Signage outside the Chevron Corp. headquarters in Houston, Texas, US, on Wednesday, Oct. 8, 2025.
Mark Felix | Bloomberg | Getty Images
Chevron on Friday reported third-quarter financial results that beat Wall Street estimates, as the company achieved record production due in part to its acquisition of Hess Corporation.
The oil major’s net income declined 21% to $3.54 billion, or $1.82 per share, compared with $4.49 billion, or $2.48 per share, in the same period last year. Its earnings decreased year over year due to falling oil prices and a $235 million loss on transaction costs associated with the Hess acquisition.
Excluding costs associated with Hess and foreign currency impacts, Chevron earned $1.85 per share, beating Wall Street estimates of $1.71 per share.
Here is what Chevron reported for the third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Earnings per share: $1.85 adjusted vs. $1.71 expected
Revenue: $49.73 billion vs. $49.01 billion expected
U.S. crude oil prices have fallen about 16% this year as OPEC+ increases production and President Donald Trump’s tariffs have the market worried about an economic slowdown.
Even with lower prices, Chevron pumped a record 4.1 million barrels per day, a 21% increase compared with the same period last year. Higher production came from the Hess acquisition, the Permian Basin, the Gulf of Mexico and Kazakhstan, according to the company.
Chevron’s U.S. production business posted a profit of $1.28 billion, down 34% compared with $1.95 billion in the third quarter of 2024. It pumped 2 million barrels per day, up 27% from 1.6 million bpd in year-ago period.
International production recorded earnings of $2 billion, down 24% compared with $2.64 billion in the same quarter last year. Production increased 16% to 2 million bpd compared with 1.76 million bpd in the year-ago period.
Profits increased more than 300% to $638 million in Chevron’s downstream U.S. refining business, compared with $146 million in the third quarter of 2024. International refining posted earnings of $499 million, up 11% from $449 million in the year-ago period. Refining profits increased year over year due to higher margins on product sales.
Capital expenditures increased 7% to $4.4 billion over the year-ago quarter due to spending on legacy Hess assets. Chevron’s adjusted free cash flow increased about 50% to $7 billion over the year-ago period.
