London stocks are set to open lower on Friday after renewed fears over heavy AI spending weighed on Wall Street. Futures point to the FTSE 100 to fall 50 points,
Bitcoin suffers record one-day drop as $200bn wiped out in tech-led rout
Overnight, Bitcoin suffered its steepest one-day fall on record, with $200bn wiped off its value after a Wall Street tech rout driven by AI fears.
Eurozone faces potential recession as business activity hits three-year low
France and Germany are leading the eurozone towards an economic slowdown, with recent data indicating that business activity in the region has hit a three-year low.
Warning of Recession as Employers Reduce Staff at Quickest Rate Since 2009
Businesses across Britain are preparing for a potential recession, as a recent survey reveals employment has experienced the swiftest decline since the financial crisis.