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BUSINESS2d agoBanks are pulling back as AI's massive debt pile disconnects from economic realityWall Street appears to be hitting its limit on AI, and financiers are starting to say the quiet part out loud: All of this AI spending doesn't look like it can pay off, at least not for everyone.Why it matters: The gap between what it costs to build AI infrastructure and what companies are actually paying to use it is widening. Wall Street's anxiety is surging as the debt piling up to fund data centers and chips looks increasingly disconnected from economic reality.Driving the news: A massive gap is opening up between AI infrastructure spending and expected returns.While AI providers are projeAxios
BUSINESS2d agoIndonesia’s central bank insists it is independent. Investors want proofIndonesia has spent months trying to persuade investors that its economy is on the right course. A weakening rupiah, mounting budgetary pressures and a series of contentious policy decisions have made that task harder. Doubts about the management of Southeast Asia’s largest economy have now coalesced around its central bank, whose independence has come under intense scrutiny recently as President Prabowo Subianto seeks to steer economic policy. The appointment of Destry Damayanti – initially as...South China Morning Post
BUSINESS2d agoLi Auto secures equity financing for chip businessSeeking Alpha Tech
BUSINESS2d agoStock futures mixed as tech stocks look to extend recoverySeeking Alpha Tech
BUSINESS2d agoKSRTC ready to run private buses on wet lease basis, Transport Minister C.P. John tells Keralam AssemblyResponding to a calling attention motion on crisis facing private bus sector, Minister says KSRTC and private bus operators can function in a complementary manner to improve public transport rather than be seen as forces working at cross purposesThe Hindu
BUSINESS2d agoNAHCON pushes sustainable Hajj fund management digital transformation at global forumNAHCON emphasised the importance of coordination among relevant agencies, stronger institutional partnerships, and robust digital systems to protect Hajj operations from global financial volatility. The post NAHCON pushes sustainable Hajj fund management digital transformation at global forum appeared first on Premium Times Nigeria.Premium Times
BUSINESS2d agoCocoa: why the alliance between Ivory Coast and Ghana is falteringL’association nouée en 2018 entre Abidjan et Accra pour peser sur le marché mondial du cacao montre des signes d’essoufflement. Ce tandem vacille alors que les deux pays sont sous pression pour renforcer la traçabilité de leurs fèves.Jeune Afrique
BUSINESS2d agoLVMH touts ‘special bond’ with China as ‘subdued’ backdrop weighs on salesFrench luxury giant LVMH Group kicked off a global open-house event showcasing its craftsmanship in Shanghai on Thursday, as the event’s founder Antoine Arnault hailed a “special bond” with Chinese customers at a launch event in Paris. It came as the group faced pressure from sluggish demand in China and a backlash over a lawsuit against a local tea company. At the launch event at the Samaritaine department store in central Paris for this year’s Les Journées Particulières, first initiated by...South China Morning Post
BUSINESS2d agoEni to drill up to 6 wells offshore Mozambique for Coral North project , third FLNG being pursuedEni plans to drill up to six offshore wells for its Coral North project in Mozambique and is pursuing a third floating liquefied natural gas facility. This indicates significant investment and expansion in the energy sector for the region.cnbcafrica.com · South Africa
BUSINESS2d agoBusinesses win diversity awardsBusinesses have been recognized with diversity awards. This highlights achievements in fostering diversity within the corporate sector.jdnews.com · United States
BUSINESS2d agoAspatria cheese factory expansion gets permit approvalA cheese factory expansion in Aspatria has received permit approval, indicating progress for a local business venture. This suggests economic activity and development in the area.in-cumbria.com · United Kingdom
BUSINESS2d agoSonesta Opens 20th Signature Inn By Sonesta Property with Signature Inn BransonSonesta has opened its 20th Signature Inn property, located in Branson. This marks a significant expansion for the hotel brand.hotelnewsresource.com · United States
BUSINESS2d agoIMF raises Africa growth outlook, warns of shrinking aidThe International Monetary Fund raised its growth forecast for sub-Saharan Africa to 4.5% this year and its Africa Director Zeine Zeidane praised the continent's resilience.Africanews [en]
BUSINESS2d agoEuropean markets mixed as investors reassess AI spending risksSeeking Alpha Tech
BUSINESS2d agoSOXX extends losing streak to eight sessions as AI trade faces pressureSeeking Alpha Tech
BUSINESS2d agoNon-tariff barriers are biggest hurdle in India-China trade, says Nirmala SitharamanIndia-U.S. trade agreement would be concluded at the earliest, in the interest of global trade and bilateral economic ties between the two countries, says the Union Finance MinisterThe Hindu
BUSINESS2d agoAs festive demand builds , BharatPe agentic AI helps merchants manage business in real timeBharatPe is leveraging agentic AI to assist merchants in real-time business management as consumer demand grows during a festive period. This development highlights the integration of advanced technology in business operations to meet seasonal peaks.aninews.in · India
BUSINESS2d agoWorld Bank Group mobilizes $100M private capital in Azerbaijan , FY26The World Bank Group is set to mobilize $100 million in private capital for Azerbaijan in Fiscal Year 2026. This represents a significant financial investment aimed at development in the country.trend.az · Azerbaijan
BUSINESS2d agoWeekly Mortgage Rates Fall , But Fannie Mae Forecasts Higher Rates AheadWeekly mortgage rates have fallen, but Fannie Mae predicts future rates will be higher. This information is important for the housing market and economic planning.homenewshere.com · United States
BUSINESS2d agoStocks rebound after tech sell - off and Indonesia shares sink on market downgrade warningGlobal stocks are rebounding after a tech sell-off, while Indonesia's shares have fallen due to a market downgrade warning. This indicates fluctuating market conditions and specific regional economic concerns.therecord.com · Canada
BUSINESS2d ago Not going to prejudge : Fed Chair keeps rate outlook open ; calls AI positive supply shock The Fed Chair has indicated an open stance on the future interest rate outlook and described AI as a 'positive supply shock.' These statements provide insight into monetary policy considerations and the perceived economic impact of artificial intelligence.trinidadtimes.com · Trinidad and Tobago
BUSINESS2d agoYan Oya fish harvest earns Rs . 696 , 000 - Breaking NewsA fish harvest at Yan Oya has generated revenue of Rs 696,000. This indicates local economic activity related to fishing.dailymirror.lk · Sri Lanka
BUSINESS2d agoAgency for Payments in Agriculture begins advance payments on Friday ; exceptional state aid to be paid until year - endAn agency for agricultural payments is starting advance payments on Friday, with exceptional state aid continuing until the year's end. This provides financial support to the agricultural sector.stiripesurse.ro · Romania
BUSINESS2d agoTsingshan Industrial Makes Paris Motor Show Debut With Blue Whale E - Drive Platform , Five ProductsTsingshan Industrial is debuting its Blue Whale E-Drive Platform and five products at the Paris Motor Show. This marks a new product introduction and market entry for the company.autonews.gasgoo.com · China