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As of late October 2025, major financial institutions including the Bank of England and IMF warn that soaring valuations in AI-driven tech stocks resemble the 2000 dotcom bubble peak. The S&P 500 is heavily concentrated in a few AI-focused firms, raising risks of a sharp market correction. Despite this, industry leaders emphasize AI's transformative potential and ongoing infrastructure investments.
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British Chancellor Rachel Reeves is in Saudi Arabia to advance a trade agreement with the Gulf Cooperation Council, aiming to boost UK economic growth by up to £1.6 billion annually. The trip includes meetings with Saudi royals, US officials, and business leaders, amid ongoing debates over human rights and fiscal policies. The UK hopes to deepen economic ties and attract investment.
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Paramount Skydance is reportedly preparing a $71 billion bid for Warner Bros. Discovery, involving sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi. Denials have been issued, but reports of meetings with Middle Eastern officials suggest potential regional backing. The deal could reshape media ownership amid regulatory and political considerations.
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The UK has announced plans to build its first small modular reactors (SMRs) at Wylfa, Anglesey, with a government investment of £2.5 billion. The project aims to support up to 3,000 jobs and supply power to three million homes by the mid-2030s. The decision has sparked controversy, notably from the US, which preferred a large-scale project by Westinghouse. The site’s selection reflects a strategic move to revive UK nuclear industry and boost energy security.