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S&P 500 and Nasdaq surge to record highs after AI chipmaker rally
Source: The Guardian
Original reporting
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Oil rises as concerns over Houthi attacks on Saudi Arabia eclipse supply recovery
Iran's move to step up attacks on tankers which are transiting through the Strait of Hormuz has also led to renewed worries over oil supplies among traders.
CNBC
Singapore's Temasek warns of the ‘biggest risk’ facing markets right now
Unwinding of the artificial intelligence trade poses the biggest risk to markets, according to Singapore state-owned investment giant Temasek.
CNBC
India’s central bank hikes rates for the first time since 2023 as inflation risks build
HSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.
The Guardian
O2 signs record £200m deal to keep London venue’s naming rights
Exclusive: 10-year sponsorship extension at a 50% premium on last agreement crowns bonanza year for live venue O2 has struck a record £200m deal to retain the naming rights to the London venue the O2 in what is thought to be the largest renewal of its kind in UK history. The 10-year agreement will extend O2’s relationship until at least 2038. It cements the sponsorship as the second longest-running UK stadium naming rights deal after Arsenal’s partnership for the football club’s London ground, Continue reading...
The Guardian
The generation raised on sugar rations – and what their health reveals 70 years later
From blood pressure to ageing, research suggests the first 1,000 days of sugar exposure could leave a decades-long mark on health They were born into a Britain still recovering from the hardships of war. Though the air-raid sirens had fallen silent, many everyday foods remained rationed, including sugar. Adults were restricted to about 3 tablespoons (40g) a day to stretch between cups of tea, baking and desserts; children were limited to less than a tablespoon. Babies and very young children were expected to have little or no added sugar. Then, in 1953, the brakes came off. Separate restrictions on sweets and chocolate were lifted in February, followed by sugar in September. By the second half of 1954, average sugar consumption had almost doubled. Continue reading...
CNBC
Luxury developers flocked to the 'Hamptons of Hungary' — but some projects are stalling
Lake Balaton in south-west Hungary has been a popular vacation destination for decades, but average transaction prices are falling.