GRAB RAISES FORECAST ON STRONG RIDE, DELIVERY DEMAND
■ AI-SUMMARIZED FROM 3 SOURCES ▸ TIMELINE
Grab Holdings lifted its annual earnings and sales forecasts, citing robust demand across Southeast Asia's ride-hailing and delivery services. The uptick indicates the platform is offsetting higher fuel costs from Middle East geopolitical tensions.
■ SOURCES
► Bloomberg Tech► Bloomberg Tech► Bloomberg Tech■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE
■ MORE FROM THE BUSINESS DESK
The European Union is advancing its independent satellite constellation by one year, targeting launch in 2029. The acceleration responds to shifting security threats requiring expanded communication capacity.
The U.S. labor market contracted in July, losing 23,000 jobs in a sharp reversal from recent months. The unexpected decline marks a significant shift in employment trends.
The U.S. government has agreed to pay a German company $1.2 billion to halt its offshore wind projects. The deal resolves a dispute over the ventures.
Two proposed hyperscale datacenters in Arkansas are sparking rare bipartisan opposition from residents and activists. Critics argue the projects constitute 'redlining' by targeting rural, Black-owned land while straining local water and electricity resources.