The ASX 200 trimmed its weekly gains to 0.8% after today’s close of 0.77%, with the biggest losses felt in the energy and technology sectors. ASX Small Ordinaries lost more than 1.1%, while gold shares also underperformed during the session. Energy stocks saw oil prices fall after a report highlighted growing U.S. crude supplies. Santos …
Spain ended the third quarter of this year with a new record employment rate of 21.3 million people, despite an overall increase in unemployment, as the number of young people remains well above the allowable ceiling by EU standards, according to a report by the National Statistics Institute (INE). According to the report, in the …
Smaller companies are struggling under the weight of interest rates, and rising insolvencies are a signal of recession. According to Societe Generale, lending conditions for small companies are the same as during the economic downturn. “The notion that we are at the beginning of a new economic cycle seems preposterous to me,” wrote Albert Edwards. …
Stay up to date with free updates Just register in Artificial intelligence myFT Digest – delivered directly to your inbox. On Thursday, Rishi Sunak will seek to reassure the public about the risks posed by artificial intelligence, as the UK government outlines a possible scenario in which advances in automation lead to a rise in …