In MACRO & ENERGY NEWS, the Fed cuts rates, China concerns increase, Japan leaves rates unchanged, UK inflation rises while its factories suffer, Sam Altman's nuke start-up gets some AI love, energy firms get a grid boost and electricity prices drop below zero. In TECH NEWS, the TikTok law gets reviewed and Perplexity's value triples. In MISCELLANOUS NEWS, California gets permission to ban petrol-powered car sales by 2035, UniCredit gets more Commerzbank, London rents rise and Zizzi's owner sees growth. AND FINALLY I bring you posh breakfasts on a budget...
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