Grab CEO Anthony Tan suggests drivers could upscale to ‘new kinds of jobs’ as the firm prepares to launch robotaxis next year

Grab's CFO Peter Oey recently shared insights on the company's impressive earnings, which have been driven by innovative product offerings. He joined Caroline Hyde and Ed Ludlow on Bloomberg Tech to discuss how their money-saving rides and delivery services are contributing to significant growth.

The RMT union has accepted a three-year pay deal for London Underground staff, which will boost drivers' salaries to nearly £80,000 by 2027. This agreement follows a period of strike action in September and includes an initial 3.4% pay increase retroactive to April, ensuring that pay rises in line with inflation.

Bernstein has raised its price target for Grab's stock to $6.60, reflecting the company's consistent performance in the market. This adjustment is significant as it indicates investor confidence in Grab's growth potential and operational stability, which could attract more investors and positively influence the stock's performance.

Grab's shares have taken a hit as the company reported a disappointing profit for the third quarter, despite exceeding revenue expectations. This news is significant as it highlights the challenges Grab faces in maintaining profitability, even as it grows its revenue. Investors are likely concerned about the sustainability of its business model, which could impact future growth and stock performance.

Grab has reported quarterly revenue that exceeds analysts' expectations, showcasing the strength of consumer spending despite economic challenges. This positive performance highlights Grab's resilience and adaptability in a competitive market, making it a significant player in the region's tech landscape.

The UK charging industry is bracing for a potential £100 million bill as the government considers imposing business rates on public charger operators for the first time. This move could lead to site closures, hinder investment, and increase costs for drivers by up to £300 annually. With electric car sales already lagging, this change could further complicate the transition to greener transportation, making it crucial for stakeholders to voice their concerns and seek solutions.

Naver has announced record earnings for the third quarter, driven by significant growth in its AI initiatives. This impressive performance highlights the company's successful strategy in leveraging artificial intelligence to enhance its services and boost revenue.

Gold prices have seen a rebound as investors adopt a risk-off approach in the markets, with many looking ahead to the upcoming US payroll data for further insights.

In a dramatic turn of events, New York City's elite have unleashed a barrage of tactics against Zohran Mamdani's mayoral campaign, employing money, insults, and even scare tactics to thwart his ambitions. The atmosphere is tense as fears of a 'Hot Commie Summer' loom over Wall Street.

The article discusses five key areas where debt is becoming a significant concern in the rapidly growing AI data centre sector. It highlights the challenges and risks associated with financing these facilities, as well as the potential impact on the industry.

China is looking to issue a $4 billion bond, with orders exceeding $65 billion, indicating strong investor interest and confidence in the market.

Toyota has raised its full-year operating profit outlook, thanks to increased volumes and effective cost-reduction efforts. This positive adjustment reflects the company's strong performance and strategic initiatives.