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The UK’s annual inflation rate eased to 3.6 per cent in October. It marked the first decline in five months, according to the Office for National Statistics.
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Microsoft and Nvidia will invest a combined $15 billion in Anthropic. The Claude-maker has, in turn, committed to spend $30 billion on Microsoft’s Azure cloud services.
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EU regulators have launched investigations into Amazon Web Services and Microsoft Azure. The European Commission says the probes will examine whether the two tech giants’ cloud services should face tougher obligations under digital market rules.
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Sundar Pichai says no company is immune to correction risks. The Alphabet chief compared today’s AI surge to the dotcom era, as analysts warn valuations, infrastructure spending, and energy demands are stretching business models from Silicon Valley to the City.
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SEC to probe influence of proxy advisors on shareholder votes. The U.S. Securities and Exchange Commission will review the role of proxy advisory firms and institutional investors in shaping corporate governance, amid concerns over politicised shareholder proposals and potential conflicts of interest influencing ESG and voting decisions.
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Bitcoin slid beneath US $90,000 for the first time in seven months. The world’s largest cryptocurrency is now down nearly 30 percent from its October peak, as investor appetite for risk assets continues to fade.
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Apple accelerates its CEO succession plans amid leadership transition talks. The board is reportedly advancing internal preparations for Tim Cook’s eventual departure, with senior executives said to be refining the company’s next phase of leadership continuity ahead of a potential change as early as next year.
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Rio Tinto partners with Calix on green iron plant project. The collaboration includes a A$35 million investment in a green iron demonstration plant, pausing Rio Tinto’s BioIron project. The new plant will use electric heating and hydrogen reduction….
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Only two per cent of CMOs say their marketing data is strong. Most are investing in AI without fixing weak data foundations, leaving advanced tools underperforming and marketing budgets misfiring, according to new findings from Intermedia Global.
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Rachel Reeves’ fintech strategy faces criticism from industry founders. Over a third of fintech founders criticised the UK Treasury’s approach, with some considering relocating overseas. Concerns grow over potential tax measures in the upcoming Budget.