European Central Bank policymakers split on the need for jumbo rate cuts as growth concerns take over
Policymakers at the European Central Bank are split on the need to consider a jumbo half-point interest rate cut in December.
Big Tech is driving a nuclear power revival, energy guru Dan Yergin says
As tech giants like Microsoft, Amazon and Google compete to take the lead in the AI revolution, data centers are consuming an ever-increasing amount of energy.
UK’s ruling Labour Party rejects accusations of U.S. election interference
The U.K.’s ruling Labour Party has rejected accusations by Donald Trump’s campaign team that its party members have interfered in the U.S. election.
Warren Buffett — worried about impersonators — says he doesn’t endorse candidates or investments
Buffett’s actions were triggered in part by a fake political endorsement alerted to him on Meta’s Instagram.
Chinese smartphone companies tout AI features ahead of Apple Intelligence launch
Chinese smartphone companies are rolling out artificial intelligence features for local users, adding pressure on Apple.
‘Time to be a little bit cautious’: Norway’s $1.8 trillion wealth fund issues stock market warning
Norges Bank Investment Management (NBIM), one of the world’s largest investors, says risks are tilted to the downside for global stock markets.
Trump tariffs likely to lead to higher U.S. interest rates, head of Institute of International Finance says
“The assumption is you’ll have higher inflation, higher interest rates than you would have in the absence of those tariffs,” said IIF CEO Tim Adams.
Lilium was once a promising ‘air taxi’ startup worth billions. Now it’s on the brink of insolvency
German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria.
German court rules against Deutsche Bank in Postbank acquisition lawsuit
Deutsche Bank said it will now analyze the judgement and noted it has booked provisions covering all outstanding claims by the plaintiffs, including interest accrued to date.
Crypto firm Circle expects the UK to introduce stablecoin laws in ‘months, not years’
“I think we’re within months, not years” of formal U.K. stablecoin laws being introduced, crypto firm Circle’s top policy executive told CNBC.
