Finance News

At a time when Big Tech's AI spending spree is worrying markets, prices for AI use are drifting lower.

Jet2 will unveil its full-year financial results on Wednesday after a period of disruption for the travel industry.

UK services activity posted the steepest drop since early 2023 in June as companies struggled with the conflict's fallout.

By 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 a

British new car registrations rose 15% in June from a year earlier, with battery electric vehicles accounting for nearly 30% of the market.

(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 Fi

(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 Miss

By 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 the

(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 U

Renk will buy the group from parent firm David Brown Santasalo, which is owned by US private equity firm Stellex Capital Management.

We all want to relax on holiday, but it’s important to take steps to protect your money while abroad.

Kioxia 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.

(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 Worry

‘Dash for cash ISAs’ as government policy has opposite effect to the one intended