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AI boom will produce winners and ‘carnage,’ says tech boss; dollar sinks to four-year lows after Trump comments – business live

28 janvier 2026 à 08:47

Cisco chief executive says technology ‘will be bigger than the internet’ but current market is probably a bubble; dollar selling intensifies, gold climbs through $5,200 an ounce to new record high

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

The artificial intelligence (AI) will create winners but there will be “carnage along the way,” the boss of a US technology company has warned.

It shows there’s a crisis of confidence in the US dollar. It would appear that while the Trump administration sticks with its erratic trade, foreign and economic policy, this weakness could persist.

2.45pm GMT: Bank of Canada interest rate decision (no change expected)

7pm GMT: US Federal Reserve interest rate decision (no change expected)

7.30pm GMT: Fed press conference

Treasury poised to unveil business rates support package ‘with focus on pubs’ – business live

The Guardian

Par :Julia Kollewe

27 janvier 2026 à 13:51

Rachel Reeves says government ‘determined to support pubs, often the life blood of communities’; gold and silver prices continue to rise

Pubs to get £100m a year support after business rates outcry

Rachel Reeves, the UK chancellor, is speaking during Treasury questions in the House of Commons. She has been asked about the energy profits levy on the oil and gas sector, affecting Scotland, which was introduced during the energy price spike after Russia’s invasion of Ukraine.

Q: Robert Gordon’s [University] have estimated that 400 jobs will be lost every week, given the importance of that sector, not just to Aberdeen or to Edinburgh West, but to the Scottish and the UK economy, will the chancellor think about providing the regional development support that the Scottish government is failing to do?

We’re supporting the transition, to new jobs and new industries, right across Scotland, including in Aberdeenshire.