‘Hawkish shift’ in US rates upends global currency bets

Expectations of a Fed rate rise trigger reversal in emerging market and commodity currencies

Elon Musk’s SpaceX plots $20bn bond deal after record IPO

AI and rocket group is tapping debt markets after raising $86bn in stock market debut

Accenture CEO Julie Sweet says AI transformation will 'take some time' as stock price takes another hit

Accenture CEO Julie Sweet says the company's AI strategy will pay off in the longterm.

Is Tesla destined to be folded into SpaceX?

Wall Street simmers with the idea of a merger of Elon Musk’s companies

Aldi is making a $9bn bet that it can finally crack America

After 50 years of slow US expansion the German discount grocer is upping the pace. Can it win over hard-pressed consumers?

Gold executives warn of smuggling ‘crisis’

Head of World Gold Council says illicit flows have risen to more than $120bn a year

US-Iran accord opens way for Hormuz charges, industry warns

Shipping executives fear language will enable Tehran to introduce fees after 60 days or a fund similar to Strait of Malacca

Trump is taking a page out of China’s sovereign AI playbook

Governments have long protected strategic industries — what is new is their willingness to become shareholders

The AI Shift: How AI is ‘senior-ising’ junior roles

Changing workflows mean employers are now asking new recruits to be managers and decision makers

Clay Sheriff: IBM Helps Toyota Reimagine Supply Chain

IBM Senior Partner Clay Sheriff on helping Toyota transform North American supply chain visibility, data and decision-making

Kevin Warsh’s debut

Hawkish overtones, dovish undertones

JPMorgan Chase cuts off Anthropic access for its Hong Kong staff

Bank follows Goldman Sachs in preventing use of Claude in Asian financial hub