Business

The Financial Stability Board said the technology could lead to herding, fraud and disinformation, as jurisdictions such as the EU examine the case for further regulation. ADVERTISEMENT Artificial intelligence (AI) could pose a risk to the financial system, international standard-setters warned on Thursday, as they probe an innovation that’s seen significant interest among banks and other financial firms.  Jurisdictions such …

Global tourism is making a striking comeback surpassing pre-pandemic levels. But as international travel surges, sustainability challenges have come into sharp focus. At this year’s World Travel Market in London, industry leaders gathered to discuss the future of travel and the challenges ahead. ADVERTISEMENT The 2024 World Travel Market, held from 6-8 November in London, showcased the tourism industry’s robust …

Spanish bank BBVA is experiencing yet another delay in its hostile takeover bid for Banco Sabadell, following increased requirements put forward by Spain’s antitrust regulator. ADVERTISEMENT Spanish banking giant BBVA has been told by Spain’s antitrust regulator, CNMC, that its takeover bid for Banco Sabadell would need to go through more extensive competition reviews.  This has dealt another blow to …

Stellantis is recalling about 207,000 Jeep and Dodge SUVs in the US to fix a computer problem that can disable the anti-lock brakes and electronic stability control safety features. ADVERTISEMENT The recall covers certain 2018 and 2019 Jeep Grand Cherokee and Dodge Durango SUVs. Stellantis says in government recall documents posted on Wednesday that the SUVs may have a brake …

As car makers face problems with demand and slower sales in connection with electric vehicles, Volkswagen is teaming up with EV producer Rivian. ADVERTISEMENT German car maker Volkswagen Group has revealed that it has partnered with US electric vehicle (EV) company Rivian, in a deal worth approximately $5.8bn (€5.5bn). This was an increase from the originally planned investment of $5bn …

Trump’s 2024 win and Republican control of Congress have spurred a surge in European defence stocks, as concerns over NATO funding and potential cuts in US military aid drive expectations that Europe will boost its defence spending. ADVERTISEMENT European defence stocks are soaring in the wake of Donald Trump’s 2024 US election victory and the Republican party’s near-total control of …

Professional investors are warning about the risk of getting carried away by the momentum. While strong rhetoric on the campaign trail can cause the big swings, not all of the promises turn into actual policy. ADVERTISEMENT Wall Street is already making big bets on what Take Two for a White House led by Donald Trump will mean for the economy. …

Airline customers have grown increasingly upset over delays in getting new planes from Boeing – delays that started long before 33,000 machinists went on strike on 13 September. ADVERTISEMENT Boeing says it will be several weeks before it can fully resume building passenger planes, following the return of factory workers after a strike that lasted nearly two months. A Boeing …

Global mining stocks have declined as metal prices fell, driven by a strong US dollar and disappointing details from China’s latest stimulus measures. ADVERTISEMENT Global mining stocks suffered as metal prices slumped, driven by a robust US dollar and disappointment over China’s recent stimulus measures. Major European mining stocks declined sharply this week following Donald Trump’s victory in the US …

Bitcoin’s price retreated after briefly surpassing $90,000 (€85,000), coinciding with a widespread selloff in global equity markets, which signals potential liquidation risks ahead of the US inflation data release. ADVERTISEMENT Bitcoin has been on a tear, surging more than 33% since Donald Trump won the US presidential election on 5 November. On Tuesday, the world’s largest digital token briefly topped …