54 m. ago Trump spares San Francisco from federal law enforcement surge after mayor asks ‘very nicely’

Daniel Lurie, along with Silicon Valley tech leaders, managed to convince the president to stand downDonald Trump rarely has kind words for Democrats, especially those who stand in his way. But on Thursday the president offered something unfamiliar: a compliment.As federal immigration agents mobilized at a US Coast Guard base in the Bay Area, Trump credited San Francisco’s new mayor, Daniel Lurie, for “very nicely” persuading him to stand down from a planned “surge” of federal law enforcement into the city. Continue reading...

Politics

4 d. ago Amazon Web Services outage to spark dispute timebomb as 'half the internet catches flu'

The world is in chaos thanks to the Amazon Web Services outage, with a leading tech expert warning that it could create a real world of trouble for banking issues

Events

6 d. ago Nearly £11bn wiped off UK banks after US regional banking fears spooked markets – business live

European stock markets have fallen after two US regional lenders disclosed on Thursday that they were exposed to alleged fraud by borrowersGlobal markets fall and gold hits record high amid jitters over US banksUS regional bank stocks fall amid Wall Street concern over credit marketsStorm clouds are gathering over the financial markets, warns Richard Hunter, head of markets at interactive investor:There are increasing signs of storm clouds gathering over markets, with little relief from the building wall of worry.Already grappling with stretched stock valuations in the AI space, an unresolved government shutdown and a deteriorating relationship between Beijing and Washington, investors were exposed to a new source of concern in the form of lending practices and bad loans for US regional banks. Continue reading...

Economics

7 d. ago FTSE 100 slides as US regional bank worries rock markets – business live

Fear index jumps, and European markets follow Asia lower, as bad loan fears hit valuationsGlobal markets fall and gold hits record high amid jitters over US banksUS regional bank stocks fall amid Wall Street concern over credit marketsStorm clouds are gathering over the financial markets, warns Richard Hunter, head of markets at interactive investor:There are increasing signs of storm clouds gathering over markets, with little relief from the building wall of worry.Already grappling with stretched stock valuations in the AI space, an unresolved government shutdown and a deteriorating relationship between Beijing and Washington, investors were exposed to a new source of concern in the form of lending practices and bad loans for US regional banks. Continue reading...

Economics

7 d. ago FTSE 100 heading for worst day since April as US regional bank worries rock markets – business live

Rolling coverage of the latest economic and financial news, as FTSE 100 share index sheds 150 points in early tradingUS regional bank stocks fall amid Wall Street concern over credit marketsStorm clouds are gathering over the financial markets, warns Richard Hunter, head of markets at interactive investor:There are increasing signs of storm clouds gathering over markets, with little relief from the building wall of worry.Already grappling with stretched stock valuations in the AI space, an unresolved government shutdown and a deteriorating relationship between Beijing and Washington, investors were exposed to a new source of concern in the form of lending practices and bad loans for US regional banks. Continue reading...

Economics

9 d. ago Boxxe CEO on the importance of maintaining human connection as technology evolves

Phil Doye looks back at the early 1990s roots of the IT provider and discusses how it evolved from selling Microsoft Licensing to the public sector to expansion across other services and partnering with many of the world’s leading tech companies.

Politics

1 week ago The gospel according to Peter Thiel: why the tech svengali is obsessed with the antichrist

The influential billionaire investor has been giving secret lectures warning about Armageddon. Here’s why it mattersHello, and welcome to TechScape. For the past week, my brain has been marinating in billionaire Peter Thiel’s byzantine musings about the antichrist and Armageddon. At this point, I’m pickled.Why, you might ask, does it matter what a billionaire thinks about the antichrist? Good question!Over the past month, Thiel has hosted four lectures on the downtown waterfront of San Francisco philosophizing about who the antichrist could be and warning that Armageddon is coming. Thiel, who describes himself as a “small-o Orthodox Christian”, believes the harbinger of the end of the world could already be in our midst and that things such as international agencies, environmentalism and guardrails on technology could quicken its rise. It is a remarkable discursion that reveals the preoccupations of one of the most influential people in Silicon Valley and the US.Thiel was on the for...

Politics

1 week ago Tony Blair and Nick Clegg hosted dinner giving tech bosses access to UK minister

Exclusive: Six tech leaders dined with investment minister, documents reveal, underlining growing influence of ex-PM’s consultancyTony Blair and Nick Clegg hosted a private dinner earlier this year at which a select group of technology entrepreneurs were given access to a key minister, official documents have revealed.The former prime minister, who is a champion of the tech industry, held the dinner in an upmarket London hotel in his capacity as the head of the Tony Blair Institute (TBI) political consultancy. Continue reading...

Politics

1 week ago Billionaire investor Ray Dalio warns of ‘civil war’ amid spiraling US debt, global turmoil and wealth inequality

Hedge fund investor compared current issues to those of 1937 or 1938, as the US steered itself out of the Great Depression and the world prepared to go to war

Economics

2 w. ago Is the AI bubble about to burst? JP Morgan boss joins dire warnings from BoE and IMF about risk of stock market crunch

JP Morgan boss Jamie Dimon said he was 'far more worried than others' about the risk of a serious correction.

Events

2 w. ago Bank of England warns of growing risk that AI bubble could burst

Possibility of ‘sharp market correction has increased’, says Bank’s financial policy committee Business live – latest updatesThe Bank of England has warned there is a growing risk of a “sudden correction” in global markets as it raised concerns about soaring valuations of leading AI tech companies.Policymakers said there were also threats of a “sharp repricing of US dollar assets” if the Federal Reserve lost credibility in the eyes of global investors. It comes as Donald Trump’s continues to attack the US central bank and threaten its independence. Continue reading...

Events

3 w. ago Leading UK tech investor warns of ‘disconcerting’ signs of AI stock bubble

James Anderson voices concern over soaring valuations of artificial intelligence firmsA leading British tech investor has described soaring valuations of artificial intelligence companies as “disconcerting”, amid concerns of an AI stock market bubble.James Anderson was an early backer of Tesla, Amazon and China’s Tencent and Alibaba, generating vast returns for Baillie Gifford’s flagship fund. Now at the Italian investment company Lingotto, Anderson said he had not seen signs of an investment bubble until recently, when the ChatGPT developer, OpenAI, and its rival Anthropic announced hefty valuation increases. Continue reading...

Events

3 w. ago Executive Search Leader Caldwell Bolsters Global Tech Practice with AI and Data Expert Jake Parish in London

Executive Search Leader Caldwell Bolsters Global Tech Practice with AI and Data Expert Jake Parish in London  Stock Titan

Politics