In FINANCIALS NEWS, HSBC calls China, Deutsche Bank axes Postbank branches, PayPal and QVC gets attention from the FCA and Zilch is valued at $2bn. In TECH NEWS, Western Digital decides to split, Samsung beats consensus, Panasonic cuts profit forecasts, Broadcom-VMWare faces a delay, the AI summit approaches, Facebook and Instagram could start charging, TikTok faces more pressure and A&O sells its legal tech unit. In CONSUMER, REAL ESTATE & LEISURE NEWS, UK mortgage approvals fall, UK shop price inflation slows, Frasers could get even closer to Shein and McDonald's sees profits rise. In MISCELLANEOUS NEWS, Germany faces recession, the World Bank calls a $150 a barrel oil price, Pearson benefits from AI take-up and business confidence is rising... AND FINALLY, I bring you the 90s vs the noughties...
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