Author name: Commodities Market Writer

From Internet search to chips, LLMs, clouds, and self-driving cars.

India can withstand a potentially wider-than-forecast fiscal deficit this year without jeopardizing its investment-grade rating, according to Moody’s Ratings, as higher energy prices are expected to pose only temporary budget pressures.

South Korean stocks recouped earlier losses as Samsung Electronics Co. and SK Hynix Inc. pledged massive investment during a government briefing that underscored the country’s commitment to AI development.

British American Tobacco Plc is reducing its 47,000-strong global workforce by about one-fifth as part of its sweeping plan to bring down costs and simplify operations.

Spanish inflation unexpectedly remained far above the European Central Bank’s 2% target in the first reading since the US-Iran peace deal that’s brought down energy prices.

UK private equity firm Bridgepoint Group Plc has agreed to buy Florida-based Kayne Anderson Real Estate, the group’s first push into US property.

Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)