English

Una Hajdari

Business

World markets rise on Trump-Xi summit hopes

Trump and Xi met at the Great Hall of the People in Beijing, where both sides agreed the Strait of Hormuz must remain open, a key demand as the Iran war drags into its third month.

Economy

Iran's economy is being tested by war, blockades and soaring inflation

Inflation has hit 54% and the rial has lost more than half its value, but Tehran insists it can hold out

Economy

Iran war pushes US inflation to 3.8% as petrol prices surge

US consumer prices rose 3.8% in April as the Iran war drove petrol costs up 28% in a year, with real wages falling for the first time in three years, according to government data.

Tech News

New nonprofit safety lab will 'crash-test' AI products for children

A US nonprofit is borrowing the car industry's safety playbook to protect children from AI — and it wants to use big tech's own money, among others, to do it.

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Tech News

Musk called Anthropic 'evil' — now his data centres are helping its AI

Musk's SpaceX has leased its Colossus 1 supercomputer to Anthropic, giving Claude's maker a massive compute boost despite a previously bitter rivalry.

Tech News

Why powering the AI boom Is breaking Europe's grid

From decade-long grid queues to facilities running at half capacity, a new study exposes the energy crisis at the heart of Europe's push to boost its AI capabilities.

Economy

ECB holds rates at 2% as inflation rises and eurozone growth slows

The European Central Bank has held interest rates at 2% for a third straight meeting, even as inflation rises and growth slows across the eurozone.

Business

Bank of England holds rates as Iran war sends oil prices to new highs

The Bank joins the Fed and Bank of Japan in sitting tight, as war in the Middle East drives oil prices higher and blows the spring rate-cut playbook apart.

Economy

French growth stalls as Iran war energy shock hits economy

France's first-quarter data shows slowed growth, rising prices and collapsing exports, laying bare how quickly the Iran war's energy shock is feeding through to Europe's second-largest economy.

Markets

First Ukrainian companies added to London-listed reconstruction fund

For the first time Ukrainian equities have been included in a London-listed fund, which aims to channel investment into the nation’s eventual post-war reconstruction and current economic resilience.

Business

European bank profits rise amid markets rattled by Iran war

Three of Europe’s biggest banks delivered record or above-forecast profits on Wednesday. TotalEnergies posted strong earnings, while Mercedes-Benz turned more cautious as collapsing China sales and geopolitical uncertainty weighed on the outlook.

Business

Biggest merger ever? Deutsche Telekom eyes tie-up with T-Mobile US

Deutsche Telekom already owns 53% of T-Mobile US. Now it wants the rest — in what could become the biggest corporate merger in history.

Business

Meta axes 8,000 jobs to fund AI spending, Microsoft to follow suit

Two of the world's biggest tech companies are shrinking their headcounts — Meta through layoffs, Microsoft through buyouts — as the AI spending race heats up.

Economy

Businesses start claiming refunds on Trump's 'unlawful' tariffs

A long-awaited refund portal opened on Monday for US businesses hit by Trump's tariffs, with $127bn in eligible claims already registered. The catch? It could take months, and shoppers will see few benefits.

Economy

Iran war energy shock drives nuclear power plans in Asia and Africa

The Iran war has exposed the fragility of global fossil fuel supply chains. Now dozens of countries across Asia and Africa are turning to nuclear power as their answer.

Business

All Dolce, no Gabbana? D&G co-founder quits as chairman amid debt talk

Gabbana has quietly vacated the D&G boardroom, leaving Domenico Dolce's brother in charge — just as the brand wrestles with €450m in debt.

Business

'No return to normal': IMF warns of lasting damage from Iran war

The IMF is cutting its global growth forecast, preparing €42.9bn in emergency aid and warning that 45 million people face food insecurity.

Economy

Could billions in frozen Iranian assets help the US unlock a deal?

Ahead of US-Iran negotiations in Islamabad on Friday, a top demand from Tehran will likely be the unlocking of its frozen assets abroad. Trump will have to consider handing back the fortune he once locked away.

Markets

Oil pushes past $97 again as markets eye ceasefire doubts

Oil clawed back above $97 a barrel Thursday as investors bet the US-Iran ceasefire will not last, and the near-shut Strait of Hormuz is doing little to convince them otherwise.

Business

Greek and Liberian-flagged ships first to pass Hormuz since ceasefire

A Greek-owned bulk carrier and a Liberian-flagged vessel seem to be the first ships through the Hormuz Strait since Wednesday's ceasefire, part of a fragile two-week truce.

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