Microsoft and Alphabet beat earnings expectations but warn of supply chain risks from conflict

Both tech giants reported strong quarterly results driven by cloud and AI revenue, but flagged potential disruptions to data centre hardware supply chains running through the Middle East.

3 hrs ago

Bitcoin plunges below $52,000 as crypto market loses $180bn in 48 hours

The world's largest cryptocurrency dropped 14% as investors dumped speculative assets. Ethereum and Solana also fell sharply in the sell-off.

4 hrs ago

European Central Bank signals emergency rate pause as energy costs threaten recovery

ECB president Christine Lagarde said the bank would hold rates steady at its next meeting, warning that surging energy prices could push the eurozone back into recession.

5 hrs ago

Airlines face $2.8bn fuel cost surge as jet fuel prices hit decade high

IATA warns carriers may need to impose emergency fuel surcharges. Budget airlines expected to be worst hit, with some routes becoming unprofitable within weeks.

7 hrs ago

Gold hits record $2,850 an ounce as safe-haven demand intensifies

Central bank buying and investor flight to safety pushed the precious metal to an all-time high, with analysts predicting it could breach $3,000 if the conflict widens.

8 hrs ago