Business

Is the AI Gold Rush Over? Bank of England Signals Growing Bubble Risk

The Bank of England has signalled that the artificial intelligence gold rush may be built on unstable ground, warning of a growing bubble risk that threatens global markets. The...

OpenAI’s Voracious Appetite for Power Spurs Multibillion-Dollar AMD Chip Pact

Driven by a voracious appetite for computing power, OpenAI has entered into a massive, multibillion-dollar agreement with chipmaker...

Electrifying News! UK Celebrates Record-Breaking Month for Green Car Sales

It's a landmark moment for green transport in the UK! September saw an absolutely sensational surge in electric...

From Hangzhou to the World: DeepSeek’s Global Ambitions Grow

The Hangzhou-based AI developer DeepSeek is signaling its growing global ambitions with the launch of DeepSeek-V3.2-Exp. This experimental...

Net Zero Banking Alliance Dissolves, Citing “Transition” to Framework

The Net Zero Banking Alliance (NZBA) has dissolved, with the group announcing that its members have "voted to...

Will Brussels Blink? US Tariff Strategy Puts EU on the Clock

Washington's latest trade strategy has effectively started a countdown clock in Brussels, with a simple challenge to the European Union: act on your promises,...

Perplexity’s $34.5 Billion Bet: A Strategic Move on Chrome’s Future

AI startup Perplexity has placed a $34.5 billion bet on the future of Google's Chrome browser, offering to acquire it amidst Google's ongoing U.S....

Wind Industry Shaken as Ørsted Announces $9B Fundraiser Amid Political Headwinds

The global wind industry has been shaken by news that Danish leader Ørsted is seeking $9 billion in emergency fundraising. The announcement, prompted by...

Bank of England Cuts Rates to 4%, But Food Costs Threaten to Derail Recovery

The Bank of England has cut its base interest rate by 0.25%, bringing it down to 4% in its fifth consecutive reduction over the...

Tesla Board Approves $29B Musk Pay Award to Honor Original Deal

Tesla’s board of directors has approved a new stock award for CEO Elon Musk, valued at $29 billion, to "honour the bargain that was...

Reeves to Welcome Rate Cut as UK Struggles to Boost Growth

Chancellor Rachel Reeves is set to welcome the Bank of England's anticipated interest rate cut this Thursday, as the UK government struggles to boost...