HSBC flags AI capex mismatch, others warn of ‘irrational exuberance’

HSBC flags AI capex mismatch, others warn of ‘irrational exuberance’

HONG KONG, CHINA – 2025/03/01: In this photo illustration, Artificial intelligence (AI) apps of perplexity, DeepSeek and ChatGPT are seen on a smartphone screen. Sopa Images | Lightrocket | Getty Images As companies pour billions into artificial intelligence, HSBC CEO Georges Elhedery on Tuesday warned of a mismatch between investments and revenues. Speaking at the…

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Governments eye citizens’ pension savings to ease debt strain

Governments eye citizens’ pension savings to ease debt strain

As fiscal pressures deepen from aging populations and pandemic-era debt, governments are increasingly tapping into a tempting source of capital: citizens’ retirement savings. Pension fund assets across the Organization for Economic Cooperation and Development have more than tripled since 2003, reaching $63.1 trillion in 2024, according to the Mercer CFA Institute Global Pension Index. That…

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Australia’s central bank sees core inflation stuck above target out past mid-2026

Australia’s central bank sees core inflation stuck above target out past mid-2026

Australia’s central bank now sees core inflation staying above its target band out to the middle of 2026. Brendon Thorne | Bloomberg | Getty Images Australia’s central bank now sees core inflation staying stubbornly above its target band out to the middle of 2026 as consumer demand and house prices pick up faster than expected, seemingly limiting room for further cuts in interest rates. The Reserve Bank of Australia was widely expected to…

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