Bank of England says CHAPS payments now settling as normal
The issue was delaying some high-value and time-sensitive payments including some house purchases, the central bank said.
OpenAI debuts mini version of its most powerful model yet
OpenAI on Thursday launched a new AI model, “GPT-4o mini,” the artificial intelligence startup’s latest effort to expand use of its popular chatbot.
European stocks close slightly lower as ECB holds interest rates steady, Volvo Cars jumps 9%
European markets closed slightly lower on Thursday as investors awaited the European Central Bank’s interest rate decision.
Citadel’s Ken Griffin buys a stegosaurus for $45 million in a record auction sale
Ken Griffin purchased a late Jurassic stegosaurus skeleton for $44.6 million at Sotheby’s on Wednesday, marking the most valuable fossil ever sold at auction.
EU Commission head von der Leyen elected for second term
European Commission President Ursula von der Leyen was elected for a second term on Thursday after pledging to create a continental “defence union”.
Dow slides more than 500 points, S&P 500 closes lower in sharp sell-off Thursday: Live updates
The Nasdaq Composite slipped Thursday, as the tech-heavy benchmark failed to rebound from its worst session since 2022.
European Central Bank holds interest rates, says domestic price pressures ‘still high’
The European Central Bank held its latest monetary policy meeting in Frankfurt, Germany.
Germany to slash military aid budget in blow to Ukraine
Germany is set to reduce funds dedicated to strengthening partner countries in the areas of security, defense and stabilization, its draft budget shows.
UK wants to prevent a repeat of the Liz Truss ‘mini-budget’ crisis — which triggered huge bond sell-off
A new bill would prevent “significant uncosted measures” from being announced without an analysis of their impact on public finances.
China’s Communist Party removes ex-foreign, defence ministers from top body
The ruling Communist Party ended its long-delayed third plenum on Thursday, a meeting of the 205-member Central Committee held roughly once every five years to map out the general direction of the country’s long-term social and economic policies.
