For almost two years, UniCredit chief executive Andrea Orcel has pursued a larger stake in Germany’s Commerzbank despite repeated political resistance in Berlin. What began as an unwelcome investment has gradually developed into a situation in which German officials and… Read More ›
Europe is entering the final months before winter with natural gas inventories well below levels seen in recent years, increasing the possibility of higher prices if supplies remain constrained or temperatures become unusually cold. European Union storage facilities were around… Read More ›
Nvidia has reportedly agreed to acquire artificial intelligence platform Hugging Face for $12.9 billion, according to a report based on a person familiar with the agreement. Neither company had publicly confirmed the transaction at the time of reporting, and separate… Read More ›
The United States is considering another round of tariffs on semiconductor imports, according to a report based on people familiar with discussions inside the administration. The proposal could extend beyond individual chips to products that contain semiconductors, including laptops, gaming… Read More ›
Six months into the Middle East war, financial markets have absorbed a shock that initially appeared capable of triggering a much broader global crisis. The conflict disrupted oil production, restricted shipping through the Strait of Hormuz and damaged energy infrastructure… Read More ›
Meta’s attempt to rebuild its workforce around artificial intelligence has exposed a problem that extends far beyond one company: replacing human work with AI is considerably harder than reducing the number of people doing it. What began as an ambitious… Read More ›
Iran and Oman have reportedly reached an understanding on how their respective waters and revenues connected to the Strait of Hormuz would be managed, according to Iran’s Revolutionary Guards. The announcement is significant not because it immediately reopens the world’s… Read More ›
The latest US inflation data have complicated the Federal Reserve’s path toward lower interest rates, with core personal consumption expenditures inflation holding at 3.3 percent in July, well above the central bank’s 2 percent objective. The broader personal consumption expenditures… Read More ›
Bill Gates is warning that the world is entering an artificial intelligence transition faster than governments, businesses and communities are preparing for its consequences. In a new essay, the Microsoft co-founder argues that AI could deliver major gains in medicine,… Read More ›
Artificial intelligence is widely expected to make businesses more productive, reduce operating costs and eventually make many goods and services cheaper. Yet the technology could create a less obvious economic problem during the transition: it may raise inflation before its… Read More ›
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