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Tata chairman’s shock exit move puts JLR owner's bets on chips, iPhones and Air India at risk●French taxpayers' data stolen in cyber attack, French Finance Ministry says●Petz Cobasi Q2 2026 Profit Rises 8.4% to R$70 Million●Cyrela Q2 2026 Profit Rises 16% to R$452 Million as Margins Hold●Banco do Brasil Q2 2026 Profit Climbs to R$3.9 Billion, Tops Forecasts●Frasers Buys Harvey Nichols, Faces One Of Toughest Revivals In Luxury●ICPC uncovers N24 billion linked to ghost-workers●CNBC Daily Open: Washington tightens squeeze on the Iranian economy●Tata chairman’s shock exit move puts JLR owner's bets on chips, iPhones and Air India at risk●French taxpayers' data stolen in cyber attack, French Finance Ministry says●Petz Cobasi Q2 2026 Profit Rises 8.4% to R$70 Million●Cyrela Q2 2026 Profit Rises 16% to R$452 Million as Margins Hold●Banco do Brasil Q2 2026 Profit Climbs to R$3.9 Billion, Tops Forecasts●Frasers Buys Harvey Nichols, Faces One Of Toughest Revivals In Luxury●ICPC uncovers N24 billion linked to ghost-workers●CNBC Daily Open: Washington tightens squeeze on the Iranian economy●

Asia

Jefferies’ Chris Wood spots a hidden risk in Big Tech’s $165 billion AI capex race

Markets-Economic Times · 1h ago · 🇮🇳 India

Jefferies’ Chris Wood spots a hidden risk in Big Tech’s $165 billion AI capex race

Big Tech’s AI capex surge is putting pressure on free cash flow, with Microsoft, Amazon, Alphabet and Meta spending $165 billion in Q2 against just $7 billion in free cash flow. Jefferies’ Chris Wood warns that growing reliance on cash-burning AI firms OpenAI and Anthropic could pose a hidden risk.

Read the full story at Markets-Economic Times →

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