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Category: SRN News

IMF chief warns energy shock, growing debt and AI risks threaten global growth

By Rae Wee SINGAPORE, Oct 7 (Reuters) – The global economy is under threat from persistently high energy prices, record public debt and risks from the AI investment boom, International Monetary Fund Managing Director Kristalina Georgieva warned on Wednesday, urging governments to take protective fiscal and monetary…

Porsche braces for lower sales era, seeks lifeline from luxury

By Rachel More and Ilona Wissenbach BERLIN/FRANKFURT, Oct 7 (Reuters) – Porsche is steeling itself for persistently lower sales, the Volkswagen brand said on Wednesday, pitching a turnaround plan to investors that aims to boost margins with a focus on top-end models. The sports car…

Once shunned, Myanmar’s military-backed leader set for Malaysian red carpet

KUALA LUMPUR, Oct 7 (Reuters) – Myanmar’s junta chief-turned-president Min Aung Hlaing will arrive in Malaysia on Wednesday for talks with Prime Minister Anwar Ibrahim, as the military-backed leader once shunned by regional nations seeks international legitimacy. The two-day visit comes as Malaysia pushes ahead…

Russia says it launched ‘massive’ strikes on Kyiv, other areas of Ukraine

MOSCOW, Oct 7 (Reuters) – Russia’s defence ministry said on Wednesday its forces had carried out a “massive strike” on military-industrial facilities in Kyiv and other Ukrainian regions, using high-precision land-, sea- and air-launched weapons, as well as drones. Targets included sites where the company…

Blackstone-backed AirTrunk to invest $1 billion in Japan data centre campus

TOKYO, Oct 7 (Reuters) – Blackstone-backed AirTrunk said on Wednesday it was investing an additional $1 billion in its 300-plus-megawatt hyperscale data centre campus in the eastern Japanese city of Inzai to enable AI workloads. • Investment is for liquid-cooling technology deployment to enable AI workload…

Hedge funds warn BoE repo reforms could backfire

By Phoebe Seers and Iain Withers LONDON, Oct 7 (Reuters) – A hedge fund industry group has warned the Bank of England that proposed reforms to the market for short-term loans secured against UK government bonds, known as “repo”, could backfire and reduce liquidity at…

Israelis mark three years since Hamas attack that set off Gaza assault

By Steven Scheer JERUSALEM, Oct 7 (Reuters) – Israelis will on Wednesday mark three years since Hamas attacked Israel on October 7, 2023, triggering a military assault that destroyed much of Gaza, where conditions remain dire despite a year-old ceasefire that is meant to halt…

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