Trending Business News
Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China
Nvidia announced a $500 billion financing plan for AI infrastructure with major asset managers, but faces risks from potential Chinese competition and GPU depreciation concerns.
Home Depot CEO taking temporary medical leave, two top execs to run the retailer
Home Depot CEO Ted Decker is taking temporary medical leave for several months, with two senior executives appointed to lead operations and financial management during his absence.
Why Japanese firms are being so slow to use AI
Japan lags significantly behind the US and UK in workplace AI adoption, with just 8.4% of workers using AI compared to 50% in America, due to conservative corporate culture and risk aversion.
The ‘20% rule’ behind Giorgos Tsetis’ blueprint for a new kind of family office
Giorgos Tsetis operates his family office Great Things by investing in startups rapidly while committing at least 20% of annual profits to philanthropy, having deployed nearly $40 million in investments and $7 million in charitable commitments over 18 months.
From tourism to power generation and productivity, Europe feels economic cost of heatwaves
European economies face significant economic losses from heatwaves this summer, with analysts estimating €180 billion could be wiped from EU GDP due to infrastructure shutdowns, reduced productivity, and disrupted supply chains.
New UK cost of living crisis looms with soaring energy bills forecast to lift inflation
UK inflation is forecast to rise to nearly 3% in July as soaring energy bills squeeze household budgets, with economists warning of a renewed cost of living crisis amid global energy market volatility.
Invitation Homes CEO says ban on institutional homebuying will bring down prices, but not immediately
Invitation Homes CEO says a recently passed ban on institutional homebuying will eventually lower prices but not immediately, citing mortgage volatility and construction costs as near-term obstacles.
GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles
General Motors has entered a $4.5 billion parts purchasing facility with Procura Auto Parts, designed to secure critical components and avoid supply chain disruptions through advance supplier payments.
Burnham admits cost of living help is not enough and hints at further support
Prime Minister Andy Burnham acknowledged his cost-of-living measures are insufficient but indicated additional support measures are planned for the upcoming Budget.
Ferrari CEO says he ‘would not change anything’ about polarizing Luce EV debut
Ferrari’s CEO says the company is satisfied with the polarizing Luce electric vehicle launch this spring, despite initial market backlash and stock declines that have since recovered.
The economy slowed a bit — but Americans continued to spend
U.S. GDP grew at a 1.5% annual rate in the second quarter as consumer spending remained robust despite rising inflation and a slowdown from earlier in the year.
UEFA threatens World Cup boycott over FIFA private equity investment plan
UEFA threatens to boycott FIFA competitions including the World Cup if FIFA proceeds with a plan to sell a 20% stake to private equity investors, calling the proposal irresponsible.
Thames Water boss says leakage targets ‘not realistic’
Thames Water’s chief executive claims the company’s leakage and pollution targets are unrealistic, amid ongoing criticism of the water company’s environmental performance and financial troubles.
HSBC to close all branches and pull out of Australian retail banking market
HSBC is closing all 19 of its Australian branches and exiting retail banking over the next 18 months, selling its mortgage and loan portfolio to Blackstone.
UK manufacturing growth picks up as Trump tariff chaos eases
UK manufacturing output grew for the fourth consecutive month in July at the fastest pace in nearly two years, though geopolitical tensions and Middle East concerns weighed on business sentiment.
Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams
Visa is acquiring cybersecurity firm BioCatch for $2.4 billion to strengthen fraud detection capabilities as financial institutions face rising threats from AI-powered scams and account takeovers.
FAA clears smallest Boeing 737 Max to fly after years of delays
The FAA has certified Boeing’s 737 Max 7 aircraft after nearly a decade of delays following fatal crashes and safety issues. Airlines like Southwest can now begin flying the smallest model in the bestselling family.
YES Network, MSG Networks to exit Gotham app for DAZN streaming service
YES Network and MSG Networks are transitioning their streaming services from the Gotham app to DAZN, affecting coverage of New York-area professional sports teams.
Bank of England holds interest rates at 3.75% as inflation fears mount
The Bank of England maintained interest rates at 3.75% while cautioning that escalating Middle East conflict could push inflation above 4% next year, complicating household finances.
Almost £200,000 of fuel stolen from UK forecourts every day since Iran war began
Fuel theft from UK petrol stations has surged to approximately £194,000 daily since conflict in the Middle East began, with incidents rising 20% over five months.
AstraZeneca holds talks with Bristol Myers Squibb on $400bn merger
Britain’s AstraZeneca is in talks to acquire US rival Bristol Myers Squibb in a potential $400 billion deal that would create the world’s fourth-largest pharmaceutical company.
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