Asian markets slump as A.I. infrastructure costs soar

European equities end the week as Asian markets continue to sell off sharply. Apple and Microsoft announce price rises as the A.I. race constrains chip supplies and prompts concern over higher inflation. The UN’s International Maritime Organisation suspends vessel escort operations through the Strait of Hormuz following an attack on a container ship in the Gulf of Oman. U.S. officials have blamed Iran as the peace deal comes under early pressure. Following the resignation of UK Prime Minister Sir Keir Starmer, we hear from UK opposition party leaders who cast doubt on whether a potential Burnham-led government can turn around the country’s economic fortunes.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.