The UK government is stepping up its push to build sovereign artificial intelligence capabilities, announcing a new partnership with Meta to develop open-source AI tools for transport, public safety, and defence. The initiative, as reported by Reuters, reflects a broader effort to embed AI directly into government operations while keeping control of data, systems, and
Binance Coin (BNB) is currently testing a critical resistance zone near $915. The cryptocurrency, which is the native token within the Binance ecosystem, has seen modest gains over the past 24 hours, trading around $880.18. The altcoin’s price has risen by 0.8% in a day, reflecting cautious optimism among traders. The 24-hour trading range has fluctuated
Pinterest Inc (NYSE: PINS) is in focus this morning after the social media platform said it will lay off nearly 15% of its workforce and downsize office space considerably to “reallocate resources”. The visual search engine believes these cuts will be completed by late September, and result in up to $45 million of pre-tax restructuring
Winter Storm Fern hammered the US this weekend, and Rystad Energy has warned that the deep freeze will continue to wreak havoc on US onshore oil and gas production. “Natural gas supply outages have emerged across the US in the wake of Winter Storm Fern, with an initial loss of 2 billion cubic feet per
Gold climbed to a fresh all-time high on Monday, crossing the $5,000-an-ounce mark and extending a powerful rally driven by heightened geopolitical tensions and growing concerns over global fiscal stability. The move underscores gold’s enduring role as a safe-haven asset during periods of uncertainty, as investors continue to seek protection against a volatile macroeconomic and
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Gold prices edged closer to the historic $5,000 mark on Wednesday as the precious metal breached $4,800 per ounce for the first time ever. Meanwhile, silver prices also hovered near their record highs as safe-haven demand for the precious metals continued to rise. Oil prices rose for most of the day as investors assessed a
Goldman Sachs has revised its year-end 2026 gold price projection upwards, increasing the forecast to $5,400 per ounce from the previous $4,900/oz. This adjustment is attributed to the ongoing trend of private-sector and emerging market central banks diversifying their reserves into gold. Gold prices on COMEX had hit a fresh record high of $4,890 per
Global markets steadied on Thursday after President Donald Trump abruptly walked back his tariff threat linked to Greenland at Davos, sparking a relief rally in US and European equities, even as the details remain unclear. In corporate news, Procter & Gamble beat profit expectations but missed revenue targets, pointing to softer consumer demand and new
It seems as if there is no stopping the ongoing rally in precious metals prices. Gold and silver hit fresh record highs on Friday as bets on an interest rate cut by the US Federal Reserve increased amid geopolitical uncertainties. Lower interest rates increase the appeal of precious metals as they are non-yielding assets, unlike