AI spending overshadows Alphabet and Tesla earnings July 23, 2026 Wall Street’s biggest tech companies delivered another round of strong earnings on Wednesday, but the primary focus for investors is the growing cost of the artificial intelligence race. Alphabet and Tesla beat revenue expectations, yet their shares fell in after-hours trading after both companies signalled another year of heavy spending on AI infrastructure. Google-owner Alphabet [...]
‘Door is open’ to interest rate hike as inflation fears return July 23, 2026 An interest rate hike by the Bank of England this year is back on the cards as fears of continued oil and gas trade disruption across the Strait of Hormuz could push inflation higher, according to City economists. A spike in oil prices to levels seen during the Iran war has dampened the mood across [...]
The Rest Is… for the Treasury: Gary Lineker backs wealth tax for rich July 23, 2026 Gary Lineker has urged Prime Minister Andy Burnham to introduce a wealth tax on himself and other millionaires. The former England football player, synonymous with crisps, is one of over 100 millionaires to sign an open letter to No 10 calling for a 2 per cent tax hike on people with assets worth at least [...]
New BMW X5 gets diesel, hybrid, electric and hydrogen versions July 23, 2026 BMW’s new X5 offers more powertrain choices than ever, combining diesel, plug-in hybrid, electric and future hydrogen technology. BMW’s fifth-generation X5 arrives with more powertrain choices than any version before it, including a hydrogen model due in 2028 built with Toyota. Rather than picking a side in the electric transition, BMW is selling all sides [...]
Easyjet takes £200m profit hit in Iran war travel chaos July 23, 2026 Easyjet has revealed a £200m profit hit as the budget airline battles with the soaring energy costs and falling travel demand caused by the Iran war. The FTSE 250 carrier posted an £85m profit in the three months to June, down 70 per cent on £286m in the previous year, as passenger volume slipped by [...]
ITC Infotech and Google Cloud Join Hands to Scale Enterprise Agentic Transformation and AI Innovation July 23, 2026 End-to-end deployment of Gemini Enterprise across ITC Infotech establishes the solutions provider as ‘customer zero’ Joint Centers of Excellence will serve as launchpad for global customers to advance their agentic transformations
The physical capital paradox: why the best performing asset class is the least owned July 23, 2026 Investors are ignoring the superior performance of commodities despite their critical role in the AI buildout, says Jeff Currie The best performing asset class of this decade is also the most under owned. Since October 2020, when we first called for a decades-long super-cycle in commodities, the broad commodity indices like the S&P GSCI are [...]
ATOZ Services Announces Strategic Growth Investment from Bregal Sagemount July 23, 2026 Investment will support geographic expansion, AI investment and continued growth across ATOZ Services’ fund services platform
Business will be the judge on whether Andy Burnham can “regain stability” July 23, 2026 If Andy Burnham is serious about being a friend to business he should commit to no new business taxes, says Alan Vallance When every new government begins – and there have been a few in recent years – the goodwill they start with is already a diminishing return. Businesses understand that no Prime Minister can [...]
Beyond the Tour de France: How Girona became a cyclist’s paradise July 23, 2026 Girona quietly welcomes the world’s best cyclists – and the Tour de France. Damien Gabet rides through Spain’s bucolic countryside D’you remember the Festina scandal in 1998? The whole cycling team was caught bang to rights for doping. And because parts of it fell under French criminal law, les flics got involved and the soigneur [...]