Private equity’s rush to raise money prompts fears of European sector shake-out – The Financial Times
Big private equity groups want to raise three times as much cash in Europe next year as they are likely to secure in 2025, setting...
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Canada Economy Stalls in August After First Growth in Four Months – WSJ
Canada’s economy is on track to eke out tepid growth for the latest quarter, avoiding a second consecutive contraction.Gross domestic product grew a modest 0.2%...
Gen Z faces harsh financial reality as credit scores plunge to dangerous record lows across America – Fox Business
Gen Z is facing a financial reality check, as credit repair experts warn that pandemic spending, student loan delinquencies and poor money habits have left...
Week Ahead for FX, Bonds: U.S. Jobs Data in Focus – WSJ
Investors will hone in on U.S. jobs data, where any signs of weakness could reignite prospects of a series of interest-rate cuts in the months...
Food costs jump by a third for Eurozone households since 2019, says ECB – The Financial Times
Households across the Eurozone are spending about a third more on food than before the Covid-19 pandemic — a sharper rise than for other items...
AI investors are in for a rude awakening – The Guardian
By the end of this year, the tech industry will have invested about $717bn over three years into large language model (LLM) AI and the infrastructure needed...
The hidden environmental cost of generative AI and its toll on climate – USA Today
From job displacement and plagiarism to questions about accuracy and privacy risks, generative artificial intelligence — or genAI — is fraught the kinds of issues...
US debt investors raise alarm over lending standards – The Financial Times
US debt investors have raised the alarm over lax lending standards in credit markets after the unravelling of two companies that just weeks ago were...
Swiss Central Bank on Hold as Tariffs Threaten Slowdown – WSJ
Switzerland’s central bank left its key interest rate at zero Thursday, ending a sequence of six straight cuts, despite the threat of slower growth as...
Alibaba Shares Soar After Hiking AI Budget Past $50 Billion – Bloomberg
Alibaba Group Holding Ltd.’s shares surged to their highest in nearly four years after revealing plans to ramp up AI spending past an original $50...