Business News from Tuesday, October 28th, 2025

Abu Dhabi Airports has reported its 18th consecutive quarter of double-digit passenger growth.

Apple topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race.

Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.

US air travel turmoil deepened as nearly 7,000 flights were delayed nationwide, with air traffic controller absences surging as the federal government shutdown reached its 27th day.

Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.