Latest Business News
Allianz Risk Barometer 2026: Cyber Remains Top Business Risk, AI Jumps to #2
Cyber incidents, especially ransomware, rank as the #1 global business risk for the fifth year, cited by 42% of respondents across all regions. AI is the fastest riser, leaping to #2 at 32%, reflecting emerging risks in nearly all sectors, though many see more benefits than risks.
Business interruption drops to #3 amid resilient supply chains despite trade restrictions affecting $2.7trn in imports.
World Bank Upgrades Global Growth Forecast Despite Tariffs, Citing US AI Boom
The global economy shows stronger-than-expected growth, with US GDP at 2.1% last year and 2.2% forecast for 2026, boosted by AI investments amid Trump's tariffs. Eurozone growth revised to 1.4% last year, India at 7.2%, proving resilience to shocks since the pandemic.
Overall, on track for weakest decade in 50 years but shock-proof.
UK Business Secretary Aims to Match US Growth with Modern Industrial Strategy
Business Secretary Peter Kyle vows to take UK economy 'toe to toe' with US, focusing on scaling strengths in key industries and anchoring businesses domestically. Speech to leaders from Alphabet, Meta, Ford highlights urgency in Modern Industrial Strategy, reduced admin costs by £230m, and energy support.
New advisory council members include CEOs from Scottish Power and Sky ahead of Davos.
Tesla Regains US EV Market Dominance Without Federal Incentives
Tesla's EV market share surges in the US as rivals falter post-federal incentives, leveraging volume and manufacturing scale. This comeback underscores Tesla's competitive edge in a subsidy-free environment.
Fears Mount Over Potential Oil Price Shock Rattling Markets and Economy
Brent oil jumped to its highest since November, sparking worries of inflation surge and market volatility from an abrupt price shock. Such a surge could broadly impact the economy.
Nigeria Pitches $600M Lithium and Gold Projects to Saudi Investors
Nigeria seeks Gulf capital by offering $600m in lithium processing and gold mining to diversify from oil into solid minerals. This accelerates Africa's largest economy's minerals sector push.
Jamie Dimon Defends JPMorgan's $9B Tech Spending Surge
JPMorgan CEO Jamie Dimon justifies a $9 billion tech spend increase to compete with big banks and fintechs, avoiding being 'left behind'. This positions the bank for future competitiveness.
Goldman Sachs Predicts 6-7% Job Displacement from AI 'Apocalypse'
'Humans could go the way of horses': Goldman calculates 6-7% of jobs displaced over AI adoption period. This highlights severe workforce impacts from AI.
US Workers' Share of Capital Hits Lowest Since 1947
American workers take home smallest share of capital since 1947, with shrinking GDP and employment portions. This signals widening inequality trends.
Polygon Labs Acquires Two Crypto Startups for $250M to Rival Stripe
Blockchain firm Polygon Labs buys Coinme and Sequence for $250m, enhancing cash-to-crypto and wallet tech to compete in payments. This bolsters its fintech ambitions.
Microsoft Commits to Curb Energy Price Impacts from Data Centers
Microsoft outlines five pledges, including higher electricity payments, to minimize data center buildout effects on US energy prices and residents. This addresses growing AI infrastructure demands.
Central Bankers Rally Behind Fed Chair Powell Against Trump Pressure
Heads of 10 central banks praise Jerome Powell in a joint letter as a 'respected colleague', supporting his independence. This counters political fights over Fed policy.