The central bank said that inflation would climb to about 5 percent next year, far above its target, because of higher energy prices driven by the war in Iran.

The Bank of England is set to raise interest rates for the first time in three years on Thursday, as it battles to bring rising inflation under control. Economists expect the BoE to raise interest rates by a quarter point to 4 per cent,

The rate has been held at 3.75% at the Bank's last six meetings, but in September its governor hinted at a possible rise if energy costs stayed high.

The Bank of England is expected to raise interest rates for the first time in over three years in order to tackle the inflation shock caused by the Iran war

AI and data center-linked stocks slipped in premarket trading on Thursday as Democrats' sweeping US midterm victory ​raised concerns about potential hurdles to the industry's ‌rapid expansion.

US stocks rose on Wednesday as investors bet a divided Washington after the Democrats' midterm sweep could limit sharp policy shifts.

US stocks rose on Wednesday as investors bet a divided Washington after the Democrats' midterm sweep could limit sharp policy shifts, though data center stocks were under pressure as concerns over tighter AI regulation weighed. Lisa Bernhard reports.

US stocks soared Wednesday as Wall Street digested the resounding Democrat sweep in the midterm elections and mulled what a divided government will mean for the war with Iran, President Donald Trump’s policy agenda and the AI trade.

Stocks soared on Wednesday, just hours after results showed a blue wave.

U.S. stocks are surging as investors react to a blue wave that puts Democrats in control of both chambers of Congress.

Stocks traded higher on Wednesday after Democrats took control of Congress and President Trump said he’ll accept the results.

Wall Street closed sharply higher today as Democrats’ sweeping midterm election victory eased political uncertainty and boosted risk appetite, though data center shares fell on fears of tighter AI regulation.

Alphabet’s Google will invest $15 billion in Malaysia over 2027 and 2028 to expand its digital infrastructure, develop local talent and support clean-energy and water initiatives.

Google will invest $15 billion in Malaysia from 2027 to 2028 ​with the spending going towards data centre campuses, clean energy, ‌bolstering water security and upskilling workers, the unit of Alphabet said on Wednesday.

MELAKA: Google picked Malaysia over several Asean countries for its RM61bil investment because of the country's political stability and clear economic policies, says Datuk Seri Anwar Ibrahim.

Google announced plans on Wednesday to invest $15 billion in Malaysia over the next two years to build data centres and other infrastructure as demand booms for artificial intelligence services. It said the $15 billion investment will be made "over the next two years (2027 to 2028)", expanding on a $2 billion investment announced in 2024.