A viral thought exercise by Citrini Research has sparked a sharp selloff in the stocks of several companies mentioned in the model scenario. The report, titled “The 2028 Global Intelligence Crisis,” lays out a hypothetical future in which rapid advances in AI trigger a profound repricing of human labour, leading…

The Diageo share price has done well in the past few weeks as investors bought the dip amid the ongoing turnaround efforts. DGE has risen in the last nine consecutive weeks, reaching a high of 1,858p, its highest swing since November 10. It has jumped by nearly 18% from its…

Shares of International Business Machines suffered their steepest daily decline in more than 25 years on Monday, after comments from AI startup Anthropic reignited investor anxiety about the future of legacy software businesses.IBM stock sank 13.2%, marking its biggest one-day drop since October 18, 2000, and wiping tens of billions…

FedEx has taken the first major corporate step to recover money collected under Donald Trump’s tariff regime, filing a lawsuit against the US government days after the US supreme court ruled the duties unlawful. The company is seeking reimbursement for tariffs it paid as an importer of record, though it…

Organised criminal gangs are increasingly targeting high street shops across the UK, contributing to millions of thefts and hundreds of millions of pounds in losses, according to new industry data. The British Retail Consortium reported 5.5m incidents of shoplifting detected last year, costing retailers an estimated £400m.The incidents recorded are…

Australia’s economy and market do not appear to be in distress. Offices are full, construction cranes remain on the skyline, and investors have just pushed the stock market to a record high. Meanwhile, the central bank is raising interest rates, and business leaders are warning that the country cannot keep expanding…

The United States’ new round of global tariffs at a rate of 10% took effect on Tuesday, reviving trade tensions only days after the Supreme Court struck down President Donald Trump’s sweeping “liberation day” tariffs from last year.A notice from US Customs and Border Protection said an additional 10% ad…

Tesla’s footprint in the European Union car market narrowed in January, even as battery electric vehicles strengthened their position across the bloc. Industry data show the US electric vehicle maker recorded a sharp year-on-year decline in registrations, losing market share as the broader shift towards electrification continued.The figures reflect a…

US stock index futures edged higher on Tuesday, staging a modest rebound after a broad selloff a day earlier as investors assessed the economic implications of President Donald Trump’s tariff policy and rising concerns about artificial intelligence disruption.Futures tied to the Dow Jones Industrial Average rose about 135 points, or…