Billions wiped out as AI sector bears the brunt of tech sell-off
Leanna Byrne explores why global tech stocks have taken a hit this week, as investors dump AI favourites like Nvidia and Alphabet, wiping billions off market values.Google is offering to adjust parts of its advertising system to comply with a European Union order tied to a $3.4 billion antitrust penalty.And Dominos UK says Britain has reached “peak pizza” and is now turning to fried chicken in an effort to revive sales.
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European lawmakers dilute green rules
Lawmakers in Europe vote to limit green reporting rules for business. A boost for European competitiveness - or a backward step for the environment?
And we examine the reasons why Starbucks workers in the US are going on strike.
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The US is facing an economic blindspot
Leanna Byrne looks at the fallout from America's federal government shutdown, which has finally come to an end, but with a warning from the White House that October’s jobs and inflation numbers might never be released. Also, the Starbucks workers going on strike on Red Cup Day. And why Scotland is issuing "kilt bonds"
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Tariff relief for US consumers
We examine pledges to ease the tariff burden on some US grocery staples. How will a reduction in levies on coffee and bananas help the consumer?
We also find out why food prices are going down in India and hear from Nobel laureate Joseph Stiglitz on what's driving increased global inequality.
Photo by JOHN G MABANGLO/EPA-EFE/REX/Shutterstock.
Coffee selection at a Safeway grocery store in Oakland, California, USA, 14 August 2024.
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COP30: Amid protests, a call for a global carbon tax
In Brazil, Indigenous protesters have stormed the COP30 venue in Belém over broken land rights promises. Inside, climate talks continue with shipping under scrutiny. Leanna Byrne chats with the secretary-general of the International Maritime Organisation, who’s pushing for a global carbon levy despite US and Saudi opposition. Also, a Chinese tycoon accused of running a vast scam compound in Myanmar is extradited to Beijing.And Greek farmers protest soaring costs, delayed subsidies and livestock diseases.
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