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Brent crude jumps above $108 after Saudi Arabia shuts down critical pipeline that bypasses Strait of Hormuz
Source: CNBC
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European tech stocks hit six-week low as calls for AI slowdown worry investors – business live
Rolling coverage of the latest economic and financial news AI-linked stocks fall after tech bosses call for slowdown in ‘reckless’ development AI CEOs say they need to slow the pace of development. But will they? The Guardian view on controlling AI: humanity cannot outsource its survival Companies threatened by the march of AI are seeing their share prices rise this morning! RELX , the analytics group, are up 4.2% and leading the FTSE 100 risers. Earlier this year its shares tumbled after the Claude chatbot added new data and automation tools . Continue reading...
CNBC
Iran says it destroyed U.S. advanced drone over Hormuz as Middle East conflict intensifies
Iran said it downed an advanced American drone over the Strait of Hormuz, as Tehran and Washington trade warnings and strikes with no sign of de-escalation.
CNBC
Why the election could make Washington's looming next fiscal crisis harder
Some in the GOP are already disavowing raising the debt ceiling absent deep spending cuts as the national debt balloons past $40 trillion.
CNBC
Trump urges Ukraine to stop ‘knocking out’ Russian oil refineries as U.S. diesel hits record
U.S. diesel prices have surpassed $6 a gallon for the first time ever as the Ukraine and Iran wars drive broader energy supply concerns.
CNBC
Cadbury cut two months off its supply chain lead time for a key chocolate-bar ingredient in one move
Mondelez is expanding its chocolate manufacturing operations in Malaysia, with the company also seeing further room for growth across Southeast Asia.
CNBC
OpenAI boss Sam Altman spells out how and why the AI industry wants to slow down: 'We could lose control'
OpenAI's chief has made comments detailing how AI safety frameworks and a slowdown could work, as the industry unites behind concerns.