International News
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US close: Nasdaq drops 3% as AI stocks hammered by DeepSeek news
A sell-off in the tech sector drove the S&P 500 and Nasdaq firmly into the red on Monday, as concerns about a bubble in the US artificial intelligence industry hammered market sentiment.
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US open: Stocks lower amid AI rout
Wall Street stocks were lower at the open on Monday amid concerns that the artificial intelligence bubble may be about to pop.
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SGS-Bureau Veritas merger talks end in no agreement
European safety-testing giants SGS and Bureau Veritas have announced that discussions to merge the companies have ended without a deal being struck.
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Asia report: Markets mixed as China factory activity contracts
Asia-Pacific markets traded mixed on Monday as investors assessed China's latest economic data, which showed an unexpected contraction in factory activity for January while industrial profits posted a year-on-year increase in December.
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German business sentiment improves in January - Ifo
German business sentiment unexpectedly improved a little in January but companies remained pessimistic, according to a survey released on Monday by the Ifo Institute.
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Chinese manufacturing unexpectedly contracts as services growth slows
China's manufacturing sector has contracted for the first time in four months, while growth in the services industry eased significantly, as private-sector activity began to slow ahead of the Lunar New Year.