Writing the summary…
Cyberattack hits hundreds of French supermarkets, heating fridges to 122°F and sparking fires
Source: CNBC
Original reporting
CNBC: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
Related stories
CNBC
Micron, SoftBank and ASML slide as Wall Street chip rout spreads
Technology stocks tumbled Tuesday as a sell-off in U.S. semiconductor shares spilled into Asian and European markets.
The Guardian
Chip stocks slide after Broadcom boss likens AI investing to ‘casino’
Asian markets fall and Samsung shares tumble after its Chinese rival CXMT claims strong progress Business live – latest updates Shares in semiconductor companies fell on Tuesday after the boss of Broadcom compared many AI investors to “casino” gamblers, and Chinese memory chip maker CXMT said it had made good progress on a new chip architecture. South Korea’s benchmark Kospi index tumbled 6.25% as investors dumped chip stocks, while other Asian markets were also lower. Japan’s Nikkei fell 1.8% and the Taiwan exchange lost almost 2%, with the country’s chip maker TSMC down by a similar amount. Continue reading...
The Guardian
IMF raises UK growth forecast in boost for chancellor - business live
Rolling coverage of the latest economic and financial news UK government bonds are rallying this morning, after the IMF said it had increased its growth forecast for the country this year. Yields (which fall when bond prices rise) are down by about 5 basis points for the 10-year gilt, and down by 4 basis points for the 5-year. Continue reading...
CNBC
U.S. Treasury yields fall as energy prices pull back
Bond yields fell on Tuesday as investors await more economic data releases this week.
BBC Business2 outlets
UK growth forecast upgraded but energy prices and rates to hit in 2027
The prediction from the IMF comes as final preparations are being made for the first Budget under Prime Minister Andy Burnham.
CNBC
CNBC Daily Open: 'Boring' trumps disorder and volatility
Some warning lights are flashing on the global economy dashboard.