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Datacenter and chip costs fueled sharp decrease in AI sector although non-AI stocks still had a strong showingThe latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran .The S&P 500 fell 1.2% for its
Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump Read More »
Sky-high oil prices and geopolitical turmoil have made less of a dent than feared … just don’t bank on it to lastInside the vast, glass-walled Queen Sirikit conference centre in Bangkok, the air-conditioned atmosphere was calm as policymakers from more than 100 countries gathered this week for the International Monetary Fund’s annual meeting – and
World Economic Outlook says states’ oil stocks are low and budgets are overstretched, as it upgrades UK GDP growth forecast for 2026Developing nations face triple shock, UN warnsThe global economy “could soon test the limits of resilience”, as emergency oil stocks run low and government budgets become overstretched, the International Monetary Fund has warned.In its
IMF warns global economy ‘could soon test the limits of resilience’ Read More »
Rising cost of 10-year gilt to near 19-year high hikes upfront cost of government investment and limits chancellor’s room for manoeuvreBusiness live – latest updatesInternational bodies warn of rising debt and borrowing risksBurnham stands by claim UK is ‘in hock’ to bond marketsA global sell-off in government bonds has put fresh upward pressure on UK
Global bond sell-off piles new pressure on UK borrowing costs before budget Read More »
Live, rolling coverage as British oil company looks for buyer amid political dispute over future drilling licencesGood morning, and welcome to our live coverage of business, economics and financial markets.BP has put its North Sea oil business up for sale, saying it will try to find a buyer amid a political dispute over whether the
Drop comes after South Korean company SK Hynix’s results undershot investors’ expectationsBusiness live – latest updatesShares in companies linked to AI have plunged further after disappointing results from the South Korean chipmaker SK Hynix, sending the country’s stock market tumbling for the second day in a row.Seoul’s Kospi index, which is dominated by semiconductor manufacturers,
Shares in Asian chip firms plunge further as AI sell-off continues Read More »
Falls follow sharp sell-off of US tech stock last week while oil prices jump after Iran and Israel exchange strikesBusiness live – latest updatesGlobal stock markets have fallen amid concern about the prospects for tech stocks while oil prices have risen as attacks in the Middle East stoked fears that a fragile truce in the
Stock markets fall as concerns persist over tech firms at heart of AI boom Read More »
Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over ‘windfall’ profits from Iran warThe Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.The company, which
Rolling coverage of the latest economic and financial newsShares in athletic apparel and footwear company Adidas have jumped by almost 1.75% in early trading after three of its athletes shone at the London Marathon yesterday.Sabastian Sawe and Yomif Kejelcha both smashed the two-hour barrier in the men’s marathon race, and Tigist Assefa set a women-only
Drivers face dilemma of driving more or cutting back – and support from ride-share giants decried as ‘slap in the face’Drivers for Uber and Lyft across the US are spending hundreds more dollars on fuel each month after the US-Israel war on Iran triggered a sharp rise in oil prices.Support offered by the ride-hailing companies
‘I don’t want to waste the gas’: Uber and Lyft drivers reeling as fuel prices soar Read More »
