Skip to main content

Crypto Breaking News

Every story in this category, newest first.

Bloomberg

ASML Raises Full-Year Outlook as AI Spending Grows

ASML lifted its annual sales forecast for the second time this year as a surge in artificial intelligence spending drives demand for the company's chip-making machines. Europe's most valuable company expects net sales to grow to between 43 billion ($49.2 billion) and 45 billion this year. Bloomberg's Charlotte Hughes-Morgan reports.

Read more: ASML Raises Full-Year Outlook as AI Spending Grows
Bloomberg

Sutcliffe: Witnessing Slow Collapse of the US-Iran MOU

Peace between US & Iran has faltered after American forces reimposed a naval blockade and launched airstrikes. Meanwhile Tehran attacked oil tankers sailing through the Strait of Hormuz. Megan Sutcliffe, Middle East Principal Analyst, at Sibylline spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa on the situation in the region.

Read more: Sutcliffe: Witnessing Slow Collapse of the US-Iran MOU
Bloomberg

McKinsey Says AI Heralds 'Golden Age' for Consultancy Firm

Bob Sternfels, global managing partner at McKinsey & Co., says the firm is on the edge of a possible "golden age" as companies seek help with issues such as artificial intelligence. McKinsey has cut staff from its support teams on the back of the AI wave but is hiring more consultants "in record numbers" and is set to grow headcount overall, Sternfels tells Bloomberg's Francine Lacqua.

Read more: McKinsey Says AI Heralds 'Golden Age' for Consultancy Firm