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India’s retail inflation hits 4.8% in August, rises for 10th straight month
Source: CNBC
Original reporting
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CNBC
Brent crude jumps above $108 after Saudi Arabia shuts down critical pipeline that bypasses Strait of Hormuz
Saudi Arabia has faced escalating attacks from Iran-allied militant groups in recent days.
BBC Business
Petrol and diesel prices hit highest since 2022
The cost of filling up a vehicle has rebounded, according to the RAC, as oil prices remain elevated.
CNBC
LA Clippers owner Steve Ballmer apologizes over team sanctions
Ballmer said that the team is complying with the penalties, has paid the fines, and is "moving forward."
The Guardian
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
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.
CNBC
College students feel more pressure to be perfect. Experts explain why
College students report rising perfectionism. Researchers point to economic pressure and inequality, while experts cite social comparison.