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The AI trade is losing one of its key signalsAt a time when Big Tech's AI spending spree is worrying markets, prices for AI use are drifting lower.Read More
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Jet2 investors hope for boost from US-Iran peace dealJet2 will unveil its full-year financial results on Wednesday after a period of disruption for the travel industry.Read More
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Britain's services sector shrinks sharply amid Iran warUK services activity posted the steepest drop since early 2023 in June as companies struggled with the conflict's fallout.Read More
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Extreme heat could change the mix for European drinks makersBy Emma Rumney LONDON, July 3 (Reuters) - Extreme heat in Europe is testing the assumption that hot summers mean a boost in sales of alcohol, with studies showing drinkers less inclined to reach for aRead More
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UK car sales rise in June as EV share hits 30%British new car registrations rose 15% in June from a year earlier, with battery electric vehicles accounting for nearly 30% of the market.Read More
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Citi: Oil could sink to $60 by year's end as Hormuz shock fades(Bloomberg) -- Brent oil could extend declines to $60 a barrel by year-end as disruptions in the Strait of Hormuz ease, according to Citigroup Inc., adding to a chorus of bearish outlooks for the global crude market.Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileWhy the Great American State Fair Looks So EmptyGermany Rejects Trump’s Demands for NATO Loyalty to WashingtonMeta Is Planning a Cloud Business to Sell AI Computing PowerRussia Indicates Ukraine FiRead More
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UK businesses expect to keep raising prices even as inflation falls(Bloomberg) -- UK companies became more optimistic about inflation in June, even as they plan to raise their own prices by 4% in the coming year — double the Bank of England’s CPI target.Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileWhy the Great American State Fair Looks So EmptyGermany Rejects Trump’s Demands for NATO Loyalty to WashingtonMeta Is Planning a Cloud Business to Sell AI Computing PowerRussia Indicates Ukraine Fired Long-Range Ballistic MissRead More
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EU trade with US hits record high despite tariff tensionsBy Maria Martinez and Rene Wagner BERLIN, July 3 (Reuters) - Trade in goods between the European Union and the U.S. reached a record €875 billion ($1.00 trillion) last year despite tariffs, but theRead More
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Chip industry urges US to avoid moves that squeeze memory market(Bloomberg) -- Government attempts to address the global memory chip shortage by influencing prices or production capacity would worsen a historic squeeze on supply driven by the artificial intelligence boom, a semiconductor industry group warned the Trump administration. Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileGermany Rejects Trump’s Demands for NATO Loyalty to WashingtonMeta Is Planning a Cloud Business to Sell AI Computing PowerRussia Indicates URead More
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Renk to buy UK naval supplier David Brown DefenceRenk will buy the group from parent firm David Brown Santasalo, which is owned by US private equity firm Stellex Capital Management.Read More
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6 tips for keeping your money safe on holidayWe all want to relax on holiday, but it’s important to take steps to protect your money while abroad.Read More
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Kioxia ships next-gen memory chip samples to tap AI boomKioxia on Friday held a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to the AI investment boom, begins shipping samples of its next-generation memory. The growth of AI has fueled a remarkable turnaround for Kioxia, which was previously seen as an example of Japan's chipmaking struggles but whose stock price has surged more than sevenfold this year to a market capitalisation over $250 billion, exceeding Toyota Motor's. Kioxia's shares have been volatile in recent days as the market debates the resilience of AI spending and the impact of chipmakers expanding production capacity.Read More
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Trump Allies Double Down on Efforts to Reshape Federal Reserve(Bloomberg) -- President Donald Trump and his allies are renewing a push to reshape the Federal Reserve after the Supreme Court this week blocked an effort to fire Governor Lisa Cook.Most Read from BloombergExxon to Change Name for First Time in Decades After RedomicileGermany Rejects Trump’s Demands for NATO Loyalty to WashingtonMeta Is Planning a Cloud Business to Sell AI Computing PowerRussia Indicates Ukraine Fired Long-Range Ballistic MissileDow Average Hits Peak as Jobs Ease Fed-Hike WorryRead More
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Savers pour £3.1bn into cash ISAs ahead of Labour's planned allowance cut‘Dash for cash ISAs’ as government policy has opposite effect to the one intendedRead More