Amazon shares tumble as it joins the Big Tech AI spending spree

Osmond ChiaBusiness reporter Getty Images Skims, the shapewear brand co-founded by celebrity and entrepreneur Kim Kardashian, says it has raised $225m (£171.5m) of new funding, bringing its value to $5bn. The company says it plans to use the money from investors, including an arm of Wall Street banking giant Goldman Sachs, to open more shops…

Pooja Bhatt, an associate professor at OP Jindal Global University, says that mismatch is increasingly difficult to ignore. “Given its young demographics and ‘Digital India’ aspirations, it makes sense for the nation to build and maintain its own internet infrastructure for security and governance purposes,” she says. India has already taken a step: the government…

Getty Images The publisher of the Daily Mail has agreed to buy the Daily and Sunday Telegraph for £500m. The Daily Mail and General Trust (DMGT) said it had entered a period of discussion with RedBird IMI, which is a joint venture between the United Arab Emirates and the US private equity firm RedBird Capital…

Since the conflict began, the price of oil has soared and is currently trading at over a third higher at $100 a barrel, pushed up by air strikes on shipping and energy infrastructure, and the effective closure of the Strait of Hormuz, a vital waterway for energy shipments, which carries a fifth of global oil…