Writing the summary…
Oil prices flat as Middle East supply concerns persist
Source: CNBC
Original reporting
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CNBC
Zuckerberg, Amodei among tech executives set to meet Trump Tuesday
The AI safety debate has raged in recent weeks, with Amodei, Musk and OpenAI CEO Sam Altman calling to pace the development of frontier models.
CNBC
Smart ring maker Oura postpones IPO due to market 'uncertainty'
Oura said the delay comes despite "strong demand" and a strengthenthing of the business since the start of the IPO process.
The Guardian
Anthropic ‘warns of existential AI risks to humanity’ in IPO document
Reported admission to investors of AI’s ‘self-preserving behaviours’ comes as company prepares for a potential $2tn flotation Anthropic is telling investors that advanced AI could pose “catastrophic or existential risks to humanity”, according to reports, as it prepares for a potential $2tn (£1.5tn) flotation. The warning inside the startup’s IPO prospectus, which has yet to be made public, was reported by Reuters and the Financial Times. It follows the company’s call for a slowdown in breakneck development of the technology – a warning echoed by rivals . Continue reading...
The Guardian
UK mortgage approvals lowest since December 2023; diesel hits new record high near £2 a litre – business live
Rolling coverage of the latest economic and financial news Newsflash: the number of mortgages approved by UK lenders has fallen to its lowest level since the end of 2023. Just 54,918 new home loans were approved in August on a seasonally-adjusted basis, new Bank of England data shows, as rising borrowing costs deterred potential home buyers. The average 2-year fixed residential mortgage rate today is 5.93%. This is up from 5.91% the previous working day. The average 5-year fixed residential mortgage rate today is 5.94%. This is up from 5.93% the previous working day. Continue reading...
CNBC
Trump’s municipal bond portfolio reaches as much as $1 billion as policy overlaps mount
President Donald Trump disclosed municipal bond holdings worth $300 million to $1 billion, including debt tied to issuers affected by federal policy.
BBC Business3 outlets
Warning more homes will be uninsurable due to flood risk
Aviva boss Amanda Blanc said England was "for sure" building homes that might be uninsurable at some point in the future.