Data center spending to more than double to $2.1 trillion by 2028, BofA says
Global data center spending is expected to hit $1 trillion in 2026 and more than double to $2.1 trillion by 2028, BofA Global Research
October 23, 2026Global data center spending is expected to hit $1 trillion in 2026 and more than double to $2.1 trillion by 2028, BofA Global Research
October 23, 2026Six more companies, including Wells Fargo, Arm Holdings and Intuit, will not allow their shares to be tokenized on a joint trading platform backed by
October 23, 2026The Bank of Canada will raise its overnight rate by 25 basis points to 2.50% on October 28 and follow with one more hike by the end of March to pre-empt any
October 23, 2026First Quantum Minerals plans to apply before year-end for Argentina's large-investment incentive regime for its Taca Taca copper project, Foreign Minister Pablo Quirno said on
October 23, 2026US President Donald Trump said on Friday that Canada is working hard to make a trade deal with the United States.
October 23, 2026Chinese fast-fashion giant Shein has agreed to pay $100 million to settle an investigation by the US Federal Trade Commission over delivery
October 23, 2026The cost of building out the infrastructure needed to satisfy booming demand for artificial intelligence is changing the way major companies allocate resources
October 23, 2026US business activity slowed modestly in October, though robust demand allowed companies to raise prices for goods and services, a sign that inflation
October 23, 2026Canadian retail sales rose 1.2% in August from July to C$74.57 billion ($53.2 billion), slightly less than expected, and were led by higher sales at
October 23, 2026Wall Street's main indexes opened lower on Friday as caution prevailed after a sharp selloff in AI-linked stocks, while telecom stocks tumbled on fears that intensified competition
October 23, 2026China should offer more support to families to stabilise the number of new births, the cabinet said on Friday, as policymakers seek to address the country's population
October 23, 2026US consumer sentiment edged down to near a record low in October as rising prices because of the Middle East conflict soured households' views of the economy on the
October 23, 2026Fuel cells are gaining traction among US hyperscalers racing to build data centers for the AI boom but struggling with grid constraints to
October 23, 2026The European Union should focus on dialogue with Beijing to curb imports of products such as chemicals and machinery to rein in a
October 23, 2026The US Securities and Exchange Commission said Friday that the use of artificial intelligence, private assets and tokenized securities would be among key areas of focus
October 23, 2026American Express profits have risen sharply in the third quarter as it transitions most members to a higher-fee Platinum Card
October 23, 2026With the November midterm elections fast approaching, President Donald Trump is throwing an array of costly and politically fraught solutions at
October 23, 2026Global equity funds attracted inflows for a fifth consecutive week in the week through October 21, as easing Treasury yields and strong early corporate earnings lifted investor
October 23, 2026Canadian jet maker Bombardier plans to invest $270 million in the United States and add 300 jobs, the company said on Friday, days after President Donald Trump dropped
October 23, 2026US equity funds attracted inflows for a second consecutive week in the seven days to October 21, as easing Treasury yields and strong corporate earnings so far bolstered investor
October 23, 2026Volvo Cars shares plunged 24% on Friday after the Swedish carmaker posted a far bigger-than-expected third-quarter operating loss, doubled its cash burn
October 23, 2026The first Russian diesel bound for the US following a surprise agreement reached between Moscow and US President Donald Trump is aboard a tanker heading for New York, ship-tracking
October 23, 2026American Express raised its 2026 profit forecast above Wall Street expectations on Friday and announced plans to eliminate 5% of its global
October 23, 2026Brazil's IPCA-15 consumer price index rose 0.32% in the month to mid-October, government statistics agency IBGE said on Friday, down from 0.70% in the previous month and
October 23, 2026Airfares are way up compared to last year. Don’t expect it to change this holiday season
October 23, 2026The combined China-India-Brazil market for weight-loss drugs could grow to $22 billion by 2035 from $6.6 billion currently, J.P.
October 23, 2026The elite Central Committee of China's ruling Communist Party holds a closed-door meeting in Beijing from Monday to Thursday that will set the political tone ahead of late 2027's
October 23, 2026Turkey's tight monetary stance and shift away from unorthodox economic policies underpin its sovereign rating, but slower disinflation and the run-up to
October 23, 2026China's securities regulator said on Friday it has approved a plan by Citi to establish a fully owned securities unit in the country, allowing the
October 23, 2026Volkswagen workers on Friday threatened strikes from January unless Europe's top automaker reverses a recent cancellation of wage deals by the end of
October 23, 2026US airlines are increasingly willing to fly with empty seats rather than slash fares simply to fill them, betting that disciplined pricing and flight
October 23, 2026Shares in Gucci owner Kering tumbled 16% on Friday, set for their worst day ever after the group reported further sales declines but said it would stick with
October 23, 2026Chinese electric carmaker BYD is seeking permits to double annual production capacity at its Brazilian plant to 600,000 vehicles, as it nears
October 23, 2026In a windy, remote oilfield in Argentina, Chevron is bringing in US workers, equipment and expertise, betting it can recreate the Permian Basin
October 23, 2026Markets are battening down the hatches.
October 23, 2026Brazil's presidential election could be a turning point for the Amazon, the world's largest rainforest
October 23, 2026Top Trump political advisers donate fee for work on behalf of pro-Russian government after he floated firing them
October 23, 2026The Bank of Japan warned on Friday of rising risks caused by AI, including growing cybersecurity threats and potential market shocks, that
October 23, 2026China's fiscal revenue increased 5.1% in the first nine months of 2026 from a year earlier, following a gain of 5.7% in the January-August period, the finance ministry said
October 23, 2026British businesses are having their strongest month for activity since February as new orders grow and AI-related demand picks up, according to a survey published on Friday.
October 23, 2026Growth across the euro zone's private sector slowed to its weakest pace in four months in October, hurt by an energy-driven rise in costs and a renewed
October 23, 2026Japan said on Friday it will set up a team to simulate cyberattacks using AI to identify weaknesses in technology systems as organisations scramble to curtail risks from
October 23, 2026Across Sudan, farmers who have struggled to harvest their crops since a civil war
October 23, 2026An eye-catching week is in store as rate-setters at the Federal Reserve, European Central Bank and Bank of Japan announce policy decisions, while investors will gauge whether
October 23, 2026European stocks suffered their steepest weekly loss since early September, as tensions in France and higher oil prices dampened the optimism sparked
October 23, 2026China is combining militia vessels with coast guard ships to expand "battlefield preparation" around Taiwan and into the western Pacific,
October 23, 2026Bank Indonesia on Friday pushed back against criticism by some in the market that its latest policy package was confusing, saying the measures were aimed at improving how
October 23, 2026Gustavo Raul Perez furrows his brow over a notebook at the hardware shop he has run for six
October 23, 2026French business activity unexpectedly contracted in October, marking a quick reversal from September's growth, a survey by S&P Global showed on Friday.
October 23, 2026AI developer MiniMax said on Friday it had completed the technology export registration with China's commerce ministry for open-source release and overseas licensing of "
October 23, 2026British consumers reined in their shopping in September as a warm start to the autumn hurt clothing sales and higher fuel prices ate into household
October 23, 2026Germany's private sector growth softened in October as inflows of new work rose only modestly, a preliminary business survey showed on Friday.
October 23, 2026(Corrects to fix typographical error in paragraph 5) A look at the day ahead in European and global markets from Wayne Cole.
October 23, 2026Ukraine is in talks with EU member states Poland and Slovakia about moving customs checks on lorries carrying grain exports from the border to inside those countries, to halt
October 23, 2026South Korea's economy grew slightly faster in the third quarter than in April to June, as booming semiconductor exports and AI-related investment helped
October 23, 2026SK Hynix on Friday put on hold a planned US listing for its Solidigm chip unit due to market volatility — a move which also comes
October 22, 2026Nepal will receive $20 million in aid from the United Nations' climate loss and damage fund after the devastating flood along its border with China’s Tibet region in
October 23, 2026Trump keeps hinting he’ll resume the Iran war after the midterms. These Iowa GOP voters sound wary
October 22, 2026The Federal Communications Commission said on Thursday it has granted a waiver to Intel from its ban on some foreign-made advanced robotics to allow
October 22, 2026Japan's manufacturing sector expanded at its slowest pace in seven months in October as output and new order growth eased, a business survey showed on Friday.
October 22, 2026Japan has yet to meet the conditions for officially declaring victory over deflation, Economy Minister Minoru Kiuchi said on Friday, exposing a divide with
October 22, 2026HD Hyundai Co said on Friday it has signed a deal with Kiewit Corp to start building an advanced US shipyard next year, with operations expected to begin in 2029 and create
October 22, 2026Mexico's Grupo Bimbo, among the world's top distributors of baked goods, on Thursday raised the lower end of its adjusted EBITDA margin expansion guidance for the year.
October 22, 2026Australia's Whitehaven Coal reported about a 22% rise in first-quarter output on Friday, driven by resilient production in its Queensland operations and volume recovery at its New
October 22, 2026Rio Tinto said on Friday it will invest $1.9 billion to develop the Kangwinan bauxite project in Queensland, Australia, replacing output from its ageing Andoom mine and lifting
October 22, 2026Newmont beat analysts' third-quarter profit estimates on Thursday, as elevated gold prices and a recovery in copper production at its Cadia mine
October 22, 2026Grupo Mexico said on Thursday it will push ahead with major investments at its US mining unit Asarco, expanding the Ray and Silver Bell mines in Arizona
October 22, 2026SpaceX is in talks with cellular infrastructure companies to secure access to at least 80,000 sites across the United States, Bloomberg News reported on Thursday, citing people
October 22, 2026British consumer confidence has suffered its sharpest month-on-month fall since early in the COVID-19 pandemic as economic worries deepen, according to a survey that
October 22, 2026Agriculture Secretary Brooke Rollins says the Trump administration remains “full-bore ahead” with a sweeping reorganization of the Forest Service after a judge blocked the changes last week
October 22, 2026Mark Zuckerberg has made a deal with Meta to help him pay a proposed billionaire tax that is on the ballot in California
October 22, 2026The U_S_ Treasury Department has proposed a rule to crack down on American high-tech investments in China, Russia, North Korea and other “countries of concern."
October 22, 2026US President Donald Trump determined on Thursday that petroleum production, refining, and related activities are essential to national defense, a move that could open up
October 22, 2026SpaceX said on Thursday its potential merger with Tesla will require controlling investor Elon Musk's approval, even though the entrepreneur has recused himself from talks between
October 22, 2026