BBC World Business Report

AI Spending Fears Hit Global Stock Markets

Loading player...
Technology stocks face renewed pressure across US and Asian markets as investors grow increasingly concerned about the huge sums being poured into artificial intelligence. Luke Wilson examines what's driving the uncertainty.
Also, Greece becomes the latest country to introduce a social media ban for children.
And Volvo announces 2,000 job cuts after reporting a quarterly loss of more than $560 million.

Producer: Bisi Adebayo
Presenter: Luke Wilson
23 Oct 11AM English United Kingdom Business

Other recent episodes

What happens to the money from the Binance hack?

A record $6.3 billion has been stolen from crypto exchange Binance by hackers. It's believed that the North Korean government is behind the attack - but how can they spend it, and why is Pyongyang behind so many of these attacks? As the United States mid-term elections approach, we speak…
30 Oct 7PM 31 min

Binance Hit by Record $6.3 Billion Crypto Heist

Hackers steal around $6.3 billion from Binance in what could be the biggest cryptocurrency heist in history. We examine how the attack happened and what it means for the crypto industry. Also, France's economy unexpectedly shrinks as inflation rises, despite stronger growth across the wider Eurozone. And nearly two years…
30 Oct 12PM 11 min

What do Amazon's results say about AI spending?

Amazon has reported lacklustre Q3 results and Alphabet, the parent company of Google, shedding some $500 billion in a day. The developments come as investors question companies' massive spending on AI. European Commission President Ursula von der Leyen has explained what Canada's "associate" EU membership could look like at the…
29 Oct 7PM 31 min

Why Is Volkswagen Losing Billions?

Volkswagen reports its biggest quarterly loss in more than a decade, losing almost $7 billion in three months. We look at the challenges facing the German car giant as it plans thousands of job cuts. Also, Christine Lagarde announces she's stepping down early as president of the European Central Bank,…
29 Oct 12PM 11 min

Big tech, big money

Microsoft and Alphabet have reported their latest earnings. We' ll be taking a look at their performance as Microsoft shares surged off the back of their results while Alphabet's took a dip. European gas prices spiked, with a key contract hitting €100 for the first time since 2022 - but…
28 Oct 7PM 26 min
All episodes