Amazon said on Wednesday it eliminated about 250 positions in its Devices and Services unit; a person familiar with the matter said the number did not exceed 250 and was concentrated in software development. The company said the reductions aim to improve operating efficiency and better align teams with the product roadmap after recent launches including a new Kindle e-reader and tablets. Earlier this month Amazon cut roughly 1,000 roles in its core retail unit. Amazon will report third-quarter r

ING analyst Chris Turner said the UK budget, due at 20:30 Beijing time, could be positive for the pound and UK gilts and may narrow the UK-Germany government bond yield spread. He said the UK is among the few G7 economies with fiscal trajectories moving in the right direction toward 2027. With rising inflation pushing more workers into higher income-tax bands, Turner expects the budget deficit to come in below 4% of GDP. He added that unless the budget unexpectedly includes growth-boosting fiscal measures that would shock gilts, EUR/GBP is likely to remain under pressure and could fall toward about 0.8315.

A-share humanoid-robot sector remained active in the afternoon. Shangwei New Materials earlier hit its daily trading limit; Changsheng Bearing rose more than 18%, Minxin rose over 17%, and Unitree Technology rose more than 15%.