Taiwan's Foxconn announced on Thursday a strategic collaboration with Intel to jointly develop and deploy next-generation AI infrastructure and intelligent computing platforms. Foxconn, the world's largest contract electronics manufacturer, said in a statement that the partnership aims to create comprehensive AI solutions spanning silicon, rack, system and application layers. (Rep...
Taiwan's Foxconn announced on Thursday a strategic collaboration with Intel to jointly develop and deploy next-generation AI infrastructure and intelligent computing platforms. Foxconn, the world's largest contract electronics manufacturer, said in a statement that the partnership aims to create comprehensive AI solutions spanning silicon, rack, system and application layers. (Reporting by Wen-Yee Lee; Editing by Christopher Cushing)
Good morning . Israel and Lebanon are taking a step toward peace. In the UK, officials are eyeing ordinary savers’ £2 trillion of bank deposits as a potential source of funding for government debt. And the AI boom is minting more millionaires. Listen to the day’s top stories . — Abhishek Shanker Market Snapshot S&P 500 futures 7,543.00 -0.4% WTI crude oil futures $95.36 -0.7% Euro $1.16 +0.1% Spot...
Good morning . Israel and Lebanon are taking a step toward peace. In the UK, officials are eyeing ordinary savers’ £2 trillion of bank deposits as a potential source of funding for government debt. And the AI boom is minting more millionaires. Listen to the day’s top stories . — Abhishek Shanker Market Snapshot S&P 500 futures 7,543.00 -0.4% WTI crude oil futures $95.36 -0.7% Euro $1.16 +0.1% Spot gold $4,474.44 +0.9% Market data as of 02:03 AM ET. Data is subject to provider delays. Israel and Lebanon agreed to a ceasefire contingent on Hezbollah ending hostilities and withdrawing fighters from south of the Litani River, according to the US. The countries “have no hostile intent toward one another” and committed to direct negotiations to resolve outstanding issues and reach a broader agreement, the White House said in a statement. The news helped push oil prices lower . Stocks pulled back from record levels after a weak artificial intelligence chip sales forecast from Broadcom dented momentum in the AI trade. Broadcom sees AI revenue of $16 billion for the current quarter, below Wall Street expectations, sending shares lower in extended trading. Check out our Markets Today live blog for all the latest news and analysis relevant to UK assets. Meanwhile, SpaceX announced plans to raise $75 billion by selling 555.6 million shares at $135 apiece. President Vladimir Putin is increasingly turning Russia’s push for technological sovereignty into a family affair . His younger daughter Katerina Tikhonova and Ksenia Shoigu, daughter of Security Council chief Sergei Shoigu, are playing prominent roles in efforts to boost domestic industries, AI, drones and critical minerals as Moscow seeks to reduce its reliance on foreign technology amid Western sanctions. Germany, the UK and France are said to be working on plans with Kyiv to engage Russia in negotiations to end the war as they see a shift in momentum strengthening President Volodymyr Zelenskyy’s position. Meanwhile, Ukrain...
Oman India Fertiliser Company, has announced a landmark IPO on the Muscat stock exchange, as it looks to capitalize on soaring prices and growing investor interest in the sector. The listing comes at a time when disruptions in the Strait of Hormuz is reshaping global fertilizer markets and raising concerns about food security. Ahmed Said Al-Marhoubi, CEO of OMIFCO spoke to Bloomberg’s Abeer Abu Om...
Oman India Fertiliser Company, has announced a landmark IPO on the Muscat stock exchange, as it looks to capitalize on soaring prices and growing investor interest in the sector. The listing comes at a time when disruptions in the Strait of Hormuz is reshaping global fertilizer markets and raising concerns about food security. Ahmed Said Al-Marhoubi, CEO of OMIFCO spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa about the timing of their listing. (Source: Bloomberg)