February 9, 2026

A flurry of investment in artificial intelligence is drawing comparisons to the dot-com boom, as tech giants embark on a massive spending spree. The $10 billion debt deal announced by Australian AI hopeful Firmus Technologies highlights the global scale and high cost of entry into the AI race. Firmus Technologies aims to develop advanced AI […]

European Central Bank (ECB) policymaker Joachim Nagel stated on Monday that the current policy rate is appropriate, anticipating inflation will stabilise at the 2% target after a temporary decrease. Nagel’s comments come after the ECB unanimously decided to maintain the main interest rate unchanged at 2% last week. Some policymakers have expressed concern that the

UBS CEO Sergio Ermotti addressed the lingering effects of the 2023 Credit Suisse crisis, stating that emotions in Switzerland remain elevated. Speaking at a financial services conference in Florida on Monday, Ermotti noted that the Swiss Parliament is now engaging with the matter with less emotional bias. UBS is a multinational investment bank and financial

Seek has significantly devalued its investment in Chinese jobs platform Zhaopin, writing down the asset by more than $350 million. The company attributed the decision to the sluggish Chinese economy and increasing competitive pressures impacting Zhaopin’s financial performance. Seek, Australia’s largest employment portal, first invested in Zhaopin in 2006, initially acquiring a 25 per cent

US hedge funds are increasingly targeting ASX-listed companies, with NexGen Energy recently becoming the latest target of an activist short seller campaign. NexGen Energy is a $9.5 billion uranium explorer. The company focuses on developing uranium projects, aiming to become a leading supplier in the global market. The uranium explorer was the subject of a

US sharemarkets edged higher on Monday as technology stocks continued to recover from last week’s sell-off, while the Dow Jones Industrial Average pushed to fresh record levels. Investors remained cautious but constructive as they looked ahead to a heavy week of economic data and corporate earnings following sharp swings in sentiment. The S&P 500 rose

European Central Bank (ECB) policymaker Joachim Nagel stated on Monday that the current policy rate is appropriate, anticipating inflation will stabilise at the 2% target after a temporary decrease. Nagel’s comments come after the ECB unanimously decided to maintain the main interest rate unchanged at 2% last week. Some policymakers have expressed concern that the

A director at Julius Baer, a Zurich-based private bank, is advocating for Switzerland to establish a public register of bankers who have breached their professional responsibilities. Stefan Bollinger believes such a measure would aid in restoring the nation’s reputation following the collapse of Credit Suisse. Julius Baer specialises in wealth management and providing investment solutions

Keir Starmer, the British Prime Minister, is facing a significant political crisis after his chief of staff, Morgan McSweeney, resigned on Sunday. McSweeney stated he took responsibility for advising Starmer to appoint Peter Mandelson as ambassador to the U.S., despite Mandelson’s well-documented connections to Jeffrey Epstein. The controversy has intensified following the release of new

NatWest Group (NWG.L) is reportedly nearing a 2.5 billion pound ($3.4 billion) takeover of Evelyn Partners, one of Britain’s largest wealth managers. According to Sky News sources on Saturday, a deal could be announced early next week. NatWest declined to comment on the report, and Evelyn Partners did not immediately respond to requests for comment.