AI debt surge raises risk of sharp market correction, warns Bank of England
Governor says regulators ‘cannot stand aside’ and assume AI industry will resolve the risks it presents to financial system stability
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KKR warns of growing credit market risks from AI borrowing spree
Investment firm wary of risks of ‘overexposure’ and ‘concentration’ and predicts broader volatility if there is a downturn in booming sector
Trump’s coal drive plays into Beijing’s hands
Agreement on Chinese coal purchases reflects the administration’s misplaced focus
Bond markets rebound after sell-off
US long-term borrowing costs hit highest level in almost 25 years on Tuesday
Dangote’s $16bn oil refinery project paused by Kenyan court
Major industrial project is aimed at reducing east Africa’s dependence on imported fuel