BUSINESS

How a Small Australian Firm Built the World's Most Imitated iPad Case

STM Goods
School systems reported high annual replacement spending, with some districts in the United States noting double-digit breakage rates among student-issued devices. Accessory makers moved to fill the gap, but few produced solutions built for the realities of daily use. STM Goods recognised the pattern forming earlier than most.
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National Australia Bank

NAB Just Posted $7.1 Billion Profit — But Here's Why Investors Should Be Worried

National Australia Bank reported FY25 cash earnings of $7.091 billion (down 0.2%) and statutory profit of $6.759 billion (down 2.9%), missing analyst expectations. Credit impairment charges rose 14.4% while shares trade at 2.1x book value—a 38% premium to 10-year average and highest valuation in over a decade.
Top officials vowed to develop China's high-tech sector on a massive scale in the next decade

Beijing Unveils Ambitious Plan to Dominate Global Tech by 2035

China announced plans to massively expand its high-tech industries over the next decade, focusing on quantum computing, hydrogen and fusion energy, and brain-computer interfaces. Officials say the initiative will reshape the country's technological landscape and strengthen its global leadership.
Disneyland Paris had been slated to open a pop-up store in BHV Marais and stage "It's a small world" themed window displays for the holidays

Disneyland Paris Pulls Out of Parisian Holiday Pop-Up After Shein Backlash

Disneyland Paris has canceled its planned pop-up store and holiday window displays at BHV Marais amid protests over Shein's arrival at the historic Parisian department store. Trade unions and other brands have criticized Shein's expansion, leading to disruptions in seasonal events.
UN Secretary-General Antonio Guterres said global debt was soaring

UN Chief Warns Global Debt Crisis Threatens Trade System

UN Secretary-General Antonio Guterres warned that global debt has soared, leaving developing countries paying more on interest than on health or education. He launched the Sevilla Forum on Debt to improve financing, strengthen investment, and align trade policies with climate goals.
Danish pharmaceutical company Novo Nordisk is the maker of anti-diabetes treatment Ozempic and weight-loss drug Wegovy

Novo Nordisk to Replace More Than Half of Its Board After Governance Dispute

Novo Nordisk plans to replace more than half its board, including the chair, following a governance dispute with its majority shareholder. The shake-up comes as competition for the Ozempic and Wegovy weight-loss drugs intensifies and the company cuts 9,000 jobs to adjust its growth strategy.
General Motors CEO Mary Barra has shifted investment away from electric vehicles in response to the policies under President Donald Trump

GM Shares Soar on Strong Q3 Profits Amid EV Strategy Shift

General Motors reported stronger-than-expected Q3 profits despite a $1.6 billion EV investment write-down and $1.1 billion in tariff costs. CEO Mary Barra's strategy pivot toward gasoline-powered vehicles and US plant investments drives a positive outlook, sending shares up over 15 percent.
Brazilian President Luiz Inacio Lula da Silva christens the Embraer E2-190 aircraft in April 2024

Embraer Reports Record $31.3B Order Backlog Amid US Tariff Relief

Embraer posts a record $31.3 billion order backlog in Q3 2025, driven by strong commercial and executive aircraft demand. The Brazilian aviation giant delivered 62 planes and benefited from US tariff exemptions, representing a 38% increase from last year.
Adidas posted record quarterly revenues in the July through September period

Adidas Revenue Hits All-Time High Amid US Tariff Challenges

Adidas posts record third-quarter revenue of €6.63 billion, driven by brand momentum and successful tariff mitigation. The German sportswear giant raises its 2025 earnings forecast to €2 billion, signaling strong recovery after the Yeezy disruption and robust global sales performance.
ChatGPT was touted as 'the heart' of OpenAI's new Atlas browser, which will be only available at first on computers powered by Apple's operating system

OpenAI Launches Atlas Browser With ChatGPT at Its Core, Challenging Google Chrome

OpenAI unveils Atlas, a new AI-powered web browser built around ChatGPT, offering agent mode to search the web autonomously. Available first on Mac computers, Atlas challenges Google Chrome with smart browsing, app integration, and AI-assisted web navigation, while paid users unlock advanced agent features.
Japanese stocks led gains across Asia, with the Nikkei 225 hitting a record high

Japanese Stocks Surge as Nikkei 225 Hits Record High Amid Trade Optimism

Japanese stocks led gains across Asia, with the Nikkei 225 hitting a record high after Japan's ruling party secured a coalition deal. Global markets climbed as easing US-China trade tensions boosted investor sentiment, while European markets saw mixed results following BNP Paribas's sharp drop.
China's economy has been supported by exports, which have offset weak consumer spending

China Posts Lacklustre Q3 Economic Data As Key Beijing Conclave Starts

China's economy grew just 4.8% in the third quarter of 2025 — its slowest pace in a year — as exports offset weak consumer spending and a deepening property crisis. Leaders in Beijing are meeting this week to plan a new five-year strategy amid pressure from U.S. tariffs and falling domestic demand.

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