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U.S. reportedly considers use of 'mother of all bombs' as Iran vows to fight on
Source: CNBC
Original reporting
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CNBC
Wholesale prices jumped 6.3% annually in September, biggest gain since 2022
September producer prices were expected to increase 0.6% month-over-month and 5.5% annually, according to the consensus estimate by Dow Jones.
The Guardian
Chancellor John Healey says banks are part of ‘jewel in the crown’ of UK economy, amid budget tax speculation – business live
John Healey has spoken to UK journalists at the IMF annual meeting in Bangkok, and said banks are a part of the “jewel” in the UK’s economic crown Today’s better-than-forecast UK growth report is good news for chancellor John Healey as he hobnobs with other finance ministers at the IMF meeting in Bangkok. But it may encourage the Bank of England to raise interest rates as soon as its next meeting in November…. “While August’s unexpected uptick all but confirms that the OBR will raise its growth forecast for this year from 1.1% to 1.4%, the Chancellor still faces a major Budget headache, as elevated borrowing costs eat into fiscal headroom and increase pressure for tax rises. “These unexpectedly upbeat figures will further embolden hawkish sentiment among policymakers by reinforcing the view that the economy is strong enough to withstand a rate rise, making a November hike look highly lik
The Guardian
Severe drought declared in six areas of England as public water supplies under threat
Some reservoirs in south-east and south-west at critically low levels as water companies call for non-essential user bans on businesses A severe drought has been declared in six areas of England with some reservoirs at critically low levels, threatening public supplies. Parts of Devon, Cornwall, Dorset, Somerset, East Sussex and West Sussex have moved into severe drought, and urgent measures are being taken to secure public supplies of water. Continue reading...
CNBC
Nvidia CEO Jensen Huang urges U.S.-China dialogue on 'potentially dangerous' AI
Huang told CNBC he has ongoing "dialogs" with researchers in China.
The Guardian
Israeli firm’s digital ads enabling installation of ‘zero-click’ spyware, researchers say
Discover-Tech’s Controlium software lets clients mass-profile internet users then covertly hack targets, say researchers at University of Toronto An Israeli advertising agency has been serving millions of online adverts that allow “zero-click” spyware to be used against targets, researchers at a Canadian university have said . Citizen Lab, a digital investigations research unit at the University of Toronto, said it believed dozens of devices at the Qatari broadcaster Al Jazeera had been compromised by spyware delivered through ads run by Discover-Tech, which describes itself as a specialised digital advertising agency. Continue reading...
CNBC
Memory stocks are getting hammered. China and a 2029 oversupply are the big worries
SK Hynix, Samsung and Micron have been some of the hardest-hit names in the latest tech sell-off.