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Una Hajdari

Business

5 things to know about OpenAI’s potentially record-breaking IPO plans

The maker of ChatGPT is preparing to go public in what could be the largest stock market debut in history — if SpaceX does not get there first.

Business

Global markets rise as Iran war uncertainty keeps oil elevated

Markets climbed on Friday as hopes of a breakthrough in US-Iran negotiations steadied investor nerves, but with Hormuz shipping still disrupted and oil above $100, uncertainty has far from lifted.

Business

From Aramco to Alibaba — every IPO record SpaceX could break

From Saudi Aramco to Facebook, these are the biggest IPOs in history and why SpaceX could dwarf them all.

Economy

After a year of tit-for-tat, could the US-China tariff war be easing?

After more than a year of escalating trade tensions, Beijing and Washington say they are ready to cut tariffs on tens of billions of dollars worth of goods — but analysts warn the impact on growth may be limited.

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Economy

The UN has bad news for global growth as Middle East crisis continues

As the Middle East conflict drives up energy costs and clouds outlooks, the UN warns the world economy faces one of its weakest years since the 2008 financial crisis — with Europe among the hardest hit.

Business

World markets rise on Trump-Xi summit hopes

Trump and Xi met at the Great Hall of the People in Beijing, where both sides agreed the Strait of Hormuz must remain open, a key demand as the Iran war drags into its third month.

Economy

Iran's economy is being tested by war, blockades and soaring inflation

Inflation has hit 54% and the rial has lost more than half its value, but Tehran insists it can hold out

Economy

Iran war pushes US inflation to 3.8% as petrol prices surge

US consumer prices rose 3.8% in April as the Iran war drove petrol costs up 28% in a year, with real wages falling for the first time in three years, according to government data.

Tech News

New nonprofit safety lab will 'crash-test' AI products for children

A US nonprofit is borrowing the car industry's safety playbook to protect children from AI — and it wants to use big tech's own money, among others, to do it.

Tech News

Musk called Anthropic 'evil' — now his data centres are helping its AI

Musk's SpaceX has leased its Colossus 1 supercomputer to Anthropic, giving Claude's maker a massive compute boost despite a previously bitter rivalry.

Tech News

Why powering the AI boom Is breaking Europe's grid

From decade-long grid queues to facilities running at half capacity, a new study exposes the energy crisis at the heart of Europe's push to boost its AI capabilities.

Economy

ECB holds rates at 2% as inflation rises and eurozone growth slows

The European Central Bank has held interest rates at 2% for a third straight meeting, even as inflation rises and growth slows across the eurozone.

Business

Bank of England holds rates as Iran war sends oil prices to new highs

The Bank joins the Fed and Bank of Japan in sitting tight, as war in the Middle East drives oil prices higher and blows the spring rate-cut playbook apart.

Economy

French growth stalls as Iran war energy shock hits economy

France's first-quarter data shows slowed growth, rising prices and collapsing exports, laying bare how quickly the Iran war's energy shock is feeding through to Europe's second-largest economy.

Markets

First Ukrainian companies added to London-listed reconstruction fund

For the first time Ukrainian equities have been included in a London-listed fund, which aims to channel investment into the nation’s eventual post-war reconstruction and current economic resilience.

Business

European bank profits rise amid markets rattled by Iran war

Three of Europe’s biggest banks delivered record or above-forecast profits on Wednesday. TotalEnergies posted strong earnings, while Mercedes-Benz turned more cautious as collapsing China sales and geopolitical uncertainty weighed on the outlook.

Business

Biggest merger ever? Deutsche Telekom eyes tie-up with T-Mobile US

Deutsche Telekom already owns 53% of T-Mobile US. Now it wants the rest — in what could become the biggest corporate merger in history.

Business

Meta axes 8,000 jobs to fund AI spending, Microsoft to follow suit

Two of the world's biggest tech companies are shrinking their headcounts — Meta through layoffs, Microsoft through buyouts — as the AI spending race heats up.

Economy

Businesses start claiming refunds on Trump's 'unlawful' tariffs

A long-awaited refund portal opened on Monday for US businesses hit by Trump's tariffs, with $127bn in eligible claims already registered. The catch? It could take months, and shoppers will see few benefits.

Economy

Iran war energy shock drives nuclear power plans in Asia and Africa

The Iran war has exposed the fragility of global fossil fuel supply chains. Now dozens of countries across Asia and Africa are turning to nuclear power as their answer.

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