Acwa's third-quarter profit jumps 71% to $169.4 million
Saudi utility Acwa reported a 71.1% rise in third-quarter net profit. Abu Dhabi's IHC more than doubled its nine-month profit, and Mubadala Energy plans to double output over a decade.
Companies
Emirates Group's first-half profit falls about 66%
Emirates Group's first-half profit dropped about 66% as the Gulf conflict and higher fuel costs weighed on the business. Profit remained positive, at roughly $980 million.
Sony raises full-year profit forecast on games and Spider-Man film
Sony lifted its net profit outlook for fiscal 2026 on firm demand for games and film. The Spider-Man hit helped. Toyota also raised its profit outlook.
Dollar in yendown −0.17%1 monthSamsung Biologics union plans second strike as Samsung Electronics gets a sixth union filing
About 400 Samsung Biologics workers plan to strike again despite a court injunction. At Samsung Electronics, a filing to form a sixth union adds to signs of divisions among labor groups.
Kakao operating profit rises 7% and company plans buyback
Kakao's quarterly operating profit rose 7% on stronger advertising sales. The company also plans a 150 billion won share buyback.
Kakaodown −13.13%1 monthMeta buys Conductor and OpenAI agrees to buy Pierre Computer
Meta has bought AI coding startup Conductor, and OpenAI plans to acquire developer tooling startup Pierre Computer. Terms of both deals were not disclosed.
Meta Platformsdown −17.85%1 monthRetailers cut prices on Apple Watch Ultra 3, Galaxy Z Fold 8
Apple Watch Ultra 3 models are $250 off at $549, a record low. Discounts also cover the Galaxy Z Fold 8 and Pixel Watch 5.
Google to invest $15 billion in Malaysia data centers over two years
Google plans an extra $15 billion for data centers in Malaysia over two years, with 37,000 jobs projected. Prime Minister Anwar says strict environmental conditions apply to such sites.
Alphabetdown −17.82%1 month