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Nine major UK banks and building societies accumulated at least 803 hours of tech problems in the past two years, figures published by MPs show. The Treasury Committee's investigation found that the outages affected millions of customers between January 2023 and February this year, with Barclays facing compensation payments of £12.5m. The committee's chair, Dame Meg Hillier, highlighted the impact on families living "pay check to pay check", who lost access to banking services on payday.

DHL has unveiled plans to cut about 8,000 jobs in Germany this year as part of a strategy to save more than 1 billion euros ($1.08 billion) by 2027, after the logistics group reported a 7% fall in annual operating profit. The job cuts, representing more than 1% of the total workforce, will occur in the Post & Parcel (P&P) Germany division through attrition, rather than compulsory redundancies. This move is part of a broader effort to address cost inflation and declining letter volumes.

Hamas's repeated criticism of US President Trump's threats against Palestinians is seen as a tacit endorsement of Israeli Prime Minister Benjamin Netanyahu's decision to abandon the Gaza ceasefire. Trump's aggressive rhetoric has put pressure on Hamas to release remaining hostages, thereby allowing Israel to begin negotiations for an end to the war. The ongoing tensions between Israel and Hamas highlight the challenges of implementing a fragile ceasefire agreement in a region marked by deep-seated conflicts.

YouTube has officially introduced a new plan called Premium Lite, which is the trimmed-down version of the regular Premium plan that previous reports were hinting at. Given that it's cheaper than the regular subscription, this plan offers fewer benefits. The Premium Lite doesn't offer ad-free music, and while it allows users to watch gaming, news, fashion, and more videos without any ads, there could be some instances where Premium Lite users will need to watch ads.

Alexander Darchiev, 64, a seasoned diplomat with two previous stints as Russia's ambassador to Washington, has been appointed by Vladimir Putin to lead a rapprochement between the two nations. The appointment marks a significant shift in Moscow's diplomatic approach, following President Donald Trump's recent overtures towards Russia and his decision to pause military aid to Ukraine. Darchiev will now work to restore normal relations with Washington, which have been strained since 2020.

China has submitted a revised request for dispute settlement consultations with the United States to address new U.S. tariffs applied on goods originating in China, according to the World Trade Organization. The Trump administration's latest tariff hike has heightened fears of a renewed trade war between the two largest economies. China's revised request comes after an extra 10% duty on Chinese goods took effect Tuesday, adding to the 10% tariff imposed by U.S. President Donald Trump on February 4.

Seven & i Holdings has appointed a new CEO and announced plans to restructure its business in response to a $47 billion foreign takeover bid. The company will buy back about 2 trillion yen ($13.4 billion) worth of shares through fiscal year 2030, and pursue a listing of its North American convenience store subsidiary by the second half of 2026. Additionally, Seven & i has agreed to sell its superstore unit to Bain Capital for 814.7 billion yen.

Russian officials have criticized French President Emmanuel Macron's assertion that Russia poses a threat to Europe, warning that such rhetoric could escalate tensions and lead to a catastrophic conflict. The comments follow Macron's call for a debate on extending France's nuclear deterrent to European allies, amidst rising concerns about U.S. policy shifts regarding Ukraine and Russia. Russian leaders argue that Macron's statements reflect a misunderstanding of the geopolitical landscape and could further alienate Europe from a constructive dialogue with Moscow.

Asian stocks rose on Thursday as investors held out hope that trade tensions could ease after U.S. President Donald Trump exempted some automakers from tariffs for a month, while the euro stood tall ahead of the European Central Bank's meeting. Japanese government bonds fell sharply after German long-dated bonds were swept up in their biggest sell-off in decades, while Australian bond yields rose 12 basis points. The yield on benchmark U.S. 10 year Treasury notes rose 5 bps in Asian hours.

Microsoft Corp. has scaled back its commitments to cloud computing provider CoreWeave due to ongoing delivery issues and missed deadlines, according to a report from the Financial Times. This development comes as CoreWeave prepares for an initial public offering that could raise approximately $4 billion, with Microsoft being its largest customer, accounting for 62% of its revenue in 2024. The implications of Microsoft's decision could significantly impact CoreWeave’s financial stability and market valuation as it approaches its IPO.

U.S. exports of crude oil to India surged to their highest in over two years in February, driven by refiners seeking alternative supplies following tighter U.S. sanctions on Russian producers and tankers. The country's third-biggest oil importer and consumer is now diversifying its crude supplies, particularly light-sweet barrels, as a result. This shift underscores the growing importance of India as a market for U.S. crude exports.

US crude exports to India last month climbed to their highest in over two years, ship tracking data showed, as refiners in the country sought alternative supplies following tighter US sanctions on Russian producers and tankers. The jump in exports to India underscores how multiple rounds of sanctions imposed by Washington on ships and entities dealing with oil from Iran and Russia since October are disrupting trade with major importers of their oil. Indian refiners are trying to diversify their crude supplies, especially light-sweet barrels, as they seek to reduce dependence on Russian oil.

Volkswagen is focusing its sales strategy for its upcoming 20,000-euro electric car on Europe, where it aims to capitalize on the growing demand for affordable EVs. To achieve this goal, the company needs to bring down battery costs, which will enable it to sell the car at a price comparable to other affordable options in the market. The car's software and design have been optimized to reduce weight and simplify manufacturing.

Elon Musk has sparked debate by endorsing the idea of putting US Treasury spending on a blockchain, aiming to increase transparency and eradicate alleged fraud. The proposal has raised discussions about its feasibility, benefits, and risks, with experts weighing in on the potential scalability challenges. The concept of using blockchain for US public spending is seen as a deterrent against unauthorized financial activity.

Malaysia is discussing with chip companies based in the country whether they can absorb the impact of potential U.S. tariffs on semiconductors, its trade minister said, as it looks to hedge against risks to its export-driven economy. The Southeast Asian nation is home to a large semiconductor industry, including top U.S. multinationals such as Intel and GlobalFoundries, and is one of the top exporters of chips to the United States. Malaysian data centres are seen as unaffected by US restrictions due to strong demand for AI in the sector.

Reeves' spring forecast could turn out to be more consequential than the non-event it was first billed as, according to the IFS. The UK chancellor's commitment to holding one major fiscal event per year may force her to choose between policy stability and her fiscal rules when a relatively minor downgrade to the economic forecasts emerges. Reeves' first budget last year left her with just £9.9bn in headroom to meet a goal of balancing day-to-day spending and tax revenues by the 2029-30 financial year.

Alpine Eagle's counter-drone system, Sentinel, is being developed to provide a cost-effective solution to the growing threat of drones in modern warfare. The startup's airborne system uses inexpensive, mass-producible technology to establish a symmetry against cheap strike drones, and its modular sensors can integrate various detection methods to identify low-flying drones that evade ground-based systems. By leveraging AI and swarming tactics, Sentinel aims to limit costs and casualties in drone-based operations.

Japan's government bond yields have surged to their highest levels in over a decade, following a significant selloff in German bunds that has impacted global debt markets. The rise in yields is attributed to changes in Germany's spending plans, particularly in defense and infrastructure, amid increasing geopolitical tensions. As a result, investors are reassessing their strategies, with expectations of future rate changes influencing the bond market landscape.

The European Central Bank is poised to cut interest rates again, driven by simmering trade tensions and investors' concerns about Germany's fiscal rulebook overhaul. However, the timing and magnitude of the rate cuts remain uncertain due to the ongoing uncertainty surrounding US-China trade relations and the impact on the eurozone economy. As the ECB's policy decision looms, market participants will be closely watching for any signs of a shift in the central bank's stance.

Asian shares experienced a notable increase Thursday, reflecting a positive shift on Wall Street following President Donald Trump's decision to ease certain tariff hikes for U.S. automakers. This move, which includes a one-month exemption from a 25% tariff on imports from Mexico and Canada, has alleviated fears of a more extensive trade war that could negatively impact economies and raise inflation. Optimism is further fueled by reports from China indicating a commitment to boost domestic consumer spending, contributing to a rally across various Asian markets.

Hawaii has been at the forefront of the push for municipal electric utilities to expand their generation capacity, thanks to federal regulations that encourage private investment in renewable energy projects. The state's efforts aim to reduce reliance on fossil fuels and lower greenhouse gas emissions, aligning with President Biden's climate agenda. Municipalities are also exploring community solar programs to benefit local residents.

Eight people were injured when bombs dropped by a South Korean Air Force jet landed in a civilian district during military exercises in Pocheon, causing damage to houses and a church. The incident occurred as part of joint live-fire drills with U.S. forces, which have long faced local protests regarding safety and disturbances. The Air Force has expressed regret over the accident while emphasizing the need for heightened military readiness amid regional tensions.

The Justice Department has indicted 12 Chinese nationals for their involvement in a hacking operation that allegedly sold sensitive data of US-based dissidents to the Chinese government, with payments reportedly ranging from $10,000 to $75,000 per hacked email account. This operation, described as state-sponsored, also extended its reach to US government agencies and foreign ministries in countries such as Taiwan, India, South Korea, and Indonesia. The charges highlight ongoing cybersecurity tensions and the use of cyber mercenaries to conduct operations that undermine both national security and the privacy of individuals critical of the Chinese government.

Ministers have announced plans to use 1,000 work coaches to help the long-term unemployed into work, but critics say only a tiny percentage of those who receive support will actually find a job. The Resolution Foundation estimates that only about 3% of the hundreds of thousands of people likely to lose benefit payments are likely to find employment, highlighting the challenges in delivering effective reforms. The government hopes moving thousands of people into jobs will help unlock the benefits of work and cut the rapidly rising cost of health and disability benefits.

Oil prices rose on Thursday after heavy sell-offs drove the market to a multi-year low, however tariff uncertainties and a rising supply outlook capped gains. Brent futures were trading up 50 cents, or 0.72%, at $69.80 a barrel by 0716 GMT, while U.S. West Texas Intermediate crude (WTI) futures climbed 48 cents, or 0.72%, to $66.79 a barrel.

The Thai Chamber of Commerce is urging the government to take swift action in response to uncertainty over US trade policy, proposing the creation of a "war room" to mitigate potential tariffs by the Trump administration. The chamber's vice chair acknowledged that Thailand's panic over US trade policy is justified, given the country's significant reliance on exports to the US market. The Thai government must review its import taxes and increase imports to reduce the trade surplus with Washington, according to the chamber.

US stock futures showed little movement following a day of volatility that ended in a rally, primarily influenced by President Donald Trump's temporary halt on tariffs affecting automakers. Despite this temporary relief, broader market uncertainties loom as the 25% duties on Canadian and Mexican imports remain in effect, with additional tariffs set to take effect soon. The upcoming earnings reports from major retailers will likely provide further insights into how ongoing trade tensions may impact the industry.

The US stock market saw a dip in futures despite President Trump's one-month pause on tariffs targeting automakers, with the Dow Jones Industrial Average and S&P 500 experiencing flat readings and slight declines, respectively. The Nasdaq futures, however, remained relatively stable. The news provided temporary relief to shares of Big Three automakers, but uncertainty surrounding additional levies set to begin in April may impact the market's trajectory.

Donald Trump is intensifying efforts to cut imports from China, aiming to establish self-sufficiency in key sectors and reduce reliance on the world's second-largest economy. His administration has already imposed significant new tariffs and is targeting backdoor trade routes that companies have utilized to circumvent previous restrictions. This shift signals potential upheaval in global supply chains, particularly for nations like Vietnam that have benefited from the "China plus one" strategy.

Barbara Hendricks, designated German Environmental Minister of the Social Democratic Party (SPD), has made it clear that fracking is off the table in Germany due to environmental concerns. The SPD politician stated that the party's coalition agreement had included a commitment to not allow fracking as long as it only uses chemicals. This move can be seen as a significant shift in the country's energy policy, putting Germany at odds with other major economies.

Cyclone Alfred stalled off Australia's east coast on Thursday, with officials shutting down airports, schools, and public transport while residents stockpiled supplies and sandbagged homes against flooding expected when the category-two storm hits. The Bureau of Meteorology revised its landfall forecast to Saturday morning near Brisbane, Australia's third-most populous city, bringing heavy rain, flooding, and damaging wind across the border regions of Queensland and New South Wales. Residents are bracing for a prolonged period of heavy rainfall and life-threatening flash flooding in northern New South Wales.

Hong Kong's highest court has overturned the convictions of three former members of a pro-democracy group, citing a miscarriage of justice due to the redaction of crucial evidence by prosecutors. This decision represents a rare legal victory for the pro-democracy movement in Hong Kong, where many activists have faced significant legal challenges and persecution. The ruling has been welcomed by the plaintiffs and their families, highlighting ongoing tensions between civil liberties and government actions in the region.

The U.S. Department of Education has long been a contentious institution, with critics arguing that it stifles state innovation and local control over education policy. President Trump's expected executive order to abolish the department could have significant implications for the future of education in America, potentially reverberating throughout the country's schools and universities. The move would also mark a significant shift in power dynamics between federal and state governments.

Companies are quietly moving out of Hong Kong and off its flag registry as concerns over potential sanctions and commandeering of vessels in a military crisis grow among shipping executives, insurers, and lawyers. The U.S. Trade Representative's office has proposed levying steep port fees on Chinese shipping companies operating Chinese-built vessels, further fueling unease across the industry. Beijing's emphasis on Hong Kong's role in serving Chinese security interests is causing concern that ships could be commandeered or hit with U.S. sanctions.

Alibaba Group Holding Ltd.'s latest deep learning model has generated significant excitement among investors and analysts, with its claims of performing similarly to DeepSeek using a fraction of the data required. The company's growing prowess in AI is being driven by China's push to support technological innovation and consumption. Alibaba's commitment to investing over 380 billion yuan ($52 billion) in AI infrastructure over the next three years has been hailed as a major step forward.

Goldman Sachs has raised its 12-month target price for emerging markets stocks, projecting that the AI-powered rally in Chinese equities could boost other markets as well. The brokerage's MSCI Emerging Markets Index target was increased by 3%, reaching 1,220, indicating an 11% potential upside from current levels. Goldman Sachs attributes this increase to its adjustment of its MSCI China target, driven by the impact of AI adoption on valuations through earnings, multiples, and portfolio flows.

The U.S. plans to reduce China's grip on the $150 billion global ocean shipping industry through a combination of fees on imports and tax credits for domestic shipbuilding. President Donald Trump is drafting an executive order to establish a Maritime Security Trust Fund as a dedicated funding source for shipbuilding incentives. The initiative aims to strengthen the maritime industrial base and replenish American maritime capacity and power.

A handful of top VPN providers have teamed up with router manufacturers to provide users with hardware that has their VPN already installed. This setup streamlines the process of setting up a VPN environment via the router, which covers devices connected to it without needing individual software installation. By choosing a VPN-ready router, home security and privacy are significantly enhanced online.

Ally Fashion has shut down nearly a third of its stores across the country, with 250 jobs lost. The closures mean 51 retail stores have ceased operating, including 19 in Queensland, 11 in New South Wales, eight in Victoria, seven in South Australia and six in Western Australia. Following an urgent assessment by liquidators, the business will continue to operate in the short term while exploring options for restructuring or sale.

The Democratic Party is rallying around 77-year-old Al Green, who faced censure for disrupting President Donald Trump's chamber address on Tuesday. Despite being ejected from Congress, Green's fellow Democrats argue that his actions were a legitimate act of protest and a sign that there are still those who will stand up to the president. The backlash against Green is part of a broader effort by Democrats to counter the president's policy blitz and maintain their own message in the face of Republican control of the White House.

Mexican state oil company Pemex is actively engaging with potential buyers in Asia and Europe as it seeks to redirect its crude oil exports following the imposition of 25% tariffs by the U.S. government. Historically reliant on U.S. markets, Pemex's exports have faced a significant slump, with a 44% year-on-year decline in January, prompting a strategic pivot toward non-U.S. markets like China and India. Despite the higher shipping costs and challenges posed by the aging domestic refining infrastructure, there is optimism about the appetite for Mexican crude in these new markets.

Mexican state oil company Pemex is actively pursuing new buyers in Asia and Europe in response to the 25% tariffs imposed by U.S. President Donald Trump on Mexican crude oil imports. With exports to the U.S. plummeting to the lowest levels in decades, Pemex is exploring alternative markets, particularly in China, India, and South Korea, where there is a growing appetite for heavy crude. Despite potential challenges such as higher shipping costs, Pemex remains firm on maintaining current pricing strategies without discounts to retain U.S. clients.

New Zealand's decision to sack its ambassador to the United Kingdom, Phil Goff, follows comments he made questioning US President Donald Trump's grasp of history. The comments were seen as critical of Trump's handling of Russia relations and contrasted with Winston Churchill's wartime leadership against Nazi Germany. The move highlights the tensions between diplomatic protocol and personal opinions in high-level foreign service positions.

Jim Cramer has highlighted NVIDIA Corporation as a standout stock, emphasizing that its products are becoming essential in the technology landscape. In his analysis, he discusses typical market pullbacks and the impact of Federal Reserve policies on stock prices, urging investors not to panic despite common fears of market downturns. Cramer’s insights suggest that, while stock prices can be influenced by a variety of factors, NVIDIA's innovative products position it favorably in a competitive market.

The US president has been making bold moves in foreign policy, negotiating with Hamas and imposing tariffs on Canada and Mexico, while critics argue that his unconventional approach is reckless and lacks concern for the potential consequences. Trump's actions have left America's European allies rattled and raised questions about the long-term implications of his policies. The situation highlights the growing divide between Trump's supporters and critics over the effectiveness and risks of his deal-making style.

Descartes, a supply chain software provider, is maintaining its annual growth target of 10% to 15% adjusted EBITDA despite the ongoing uncertainty surrounding global trade tariffs. The company expects continued growth in demand for its global trade intelligence offering as companies navigate the complex and changing tariff landscape. However, the impact of tariffs on business operations and customer decisions remains uncertain.

The head of the U.S. Office of Special Counsel, Hampton Dellinger, was removed from his position following a federal appeals court ruling that allowed President Donald Trump to terminate him without explanation. This decision comes amidst a broader initiative by Trump to reshape the federal government, which includes controversial firings and agency restructuring. Dellinger's removal raises significant concerns about the implications for whistleblower protections and the independence of federal oversight agencies.

A Russian missile attack on a hotel in Ukraine's central city of Kryvyi Rih has left two people dead and 29 injured, many seriously hurt. Emergency personnel worked through the night to rescue those trapped under rubble, with 14 people rescued from the debris. The hotel suffered heavy damage, with smoke billowing from the top floor and virtually all its windows blown out.

US stocks tanked to session lows on Thursday after more tariff whiplash from the Trump administration, with the Dow Jones Industrial Average falling 1%, or over 400 points, while the S&P 500 dropped nearly 2%. The tech-heavy Nasdaq Composite plummeted more than 2.6% and has now entered correction territory, down more than 10% from its December record high. Trade-war uncertainty has persisted as investors weighed how far President Donald Trump would be willing to negotiate on tariffs.

The Commerce Department is appointing Michael Grimes, a former Morgan Stanley banker, as the lead executive for a planned sovereign wealth fund, marking a significant development in President Trump's efforts to create a US-based investment vehicle for national security projects. The fund, which remains in its early stages, would aim to promote American investments in key sectors such as critical minerals, rare earths, and defense technology. Grimes' appointment underscores the administration's commitment to leveraging private sector expertise to drive strategic investments.