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Nvidia, worth $5.5tn, donates $250m to UK for AI safety research
Source: The Guardian
Original reporting
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CNBC
Bank of America posts third-quarter profit drop due to $1.2 billion Treasury fine
The U.S. Treasury Department announced a $1.2 billion penalty against Bank of America on Tuesday.
The Guardian
Diesel squeeze expected to continue into 2027 despite Trump’s deal with Russia – business live
Rolling coverage of the latest economic and financial news, including the IMF meeting in Thailand and the IEA’s new oil market report Global financial system is failing developing countries, says Ed Miliband UK government borrowing costs are dropping this morning, which will please John Healey and the IMF alike! The yield, or interest rate, on UK 10-year bonds is down 3.5 basis points to 5.4%, while thirty-year bond yields are 3bps lower at 5.89%. Chancellor John Healey is expected to pay for all new giveaways in this month’s Budget — including a cost-of-living package — with higher taxes or spending cuts rather than more borrowing. People briefed on UK Budget preparations told the FT that the October 28 fiscal package would be “scorecard positive” in 2029-30, the final year of the parliament, meaning that all extra discretionary spending was fully funded. China’s exports, imports, and t
CNBC
Morgan Stanley is set to report earnings — here’s what to expect
Morgan Stanley is expected to benefit from robust investment banking and equities trading revenue.
BBC Business
Wayfair among firms fined millions for misleading sales tactics
The Competition and Markets Authority has fined Wayfair, Appliances Direct, and Gold's Gym £6m in total.
BBC Business
Faisal Islam: What surprise praise for UK economy tells us about the Budget
On three occasions in the past 24 hours, top IMF officials have praised UK plans to reduce its annual levels of borrowing.
CNBC
Anthropic urges court in Washington, DC, to rehear appeal of Pentagon blacklisting
Anthropic is asking a federal court in Washington, D.C., to rehear its appeal in a case concerning the Pentagon's blacklisting of the company's AI models.