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THU 15 OCTMorning8:32 AM

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BIZThe Guardian

Tech market sell-off deepens amid fears over US inflation and AI debt

Photo: Lee Jin-man/AP

Chip makers and tech investors such as Samsung and SoftBank plunge as potential interest rate hikes spook markets Business news – live updates Larry Elliott: the global economy is muddling through. But a storm is coming An accelerating sell-off of AI-linked shares has hit global markets, as fears over rising inflation and future interest rate hikes spooked traders already wary of the heavily indebted sector. South Korea’s benchmark Kospi 200 index, which is heavily skewed towards the companies that make memory chips, fell more than 8% overnight to a…

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BIZBBC News

Nandy 'minded to intervene' in Sky's £1.6bn takeover of ITV entertainment arm

Culture Secretary Lisa Nandy has said she is "minded to intervene" in the proposed £1.6bn deal for Sky to buy ITV's media and entertainment division. Nandy said there were reasonable grounds to believe the deal could affect free expression in the media and the variety of Britain's news landscape. Sky said it would "carefully consider" a letter from the culture secretary and "engage constructively" with the review into the deal.

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