<p>Global banks are pouring billions into artificial intelligence yet struggling to automate workflows. Two ex-bankers say they are being hired to ignite the shift.</p>

A $40 billion selloff in a 141-year-old Japanese cable firm has served as a reality check on the fragility of the global AI-driven stock rally.

For the first time since the pandemic shuttered cinemas the world over, Hollywood has got its mojo back.

Prosus NV has asked the European Union to drop a requirement that it sell shares in Delivery Hero SE, part of antitrust approval for its acquisition of another delivery platform, people familiar with the matter said.

NTT Docomo Inc. sold two plots of land in central Tokyo for about ¥59 billion ($371 million), according to people familiar with the matter, the latest large deal in Japan’s booming real estate market.

Oil held a drop on signs that negotiations to extend a US-Iranian ceasefire and reopen the Strait of Hormuz were making progress.

Gold held gains on signs the US and Iran were making progress on reaching a deal to reopen the Strait of Hormuz and restore oil flows, easing inflation fears.

Asian stocks were poised to extend gains as optimism over a potential US-Iran deal to reopen the Strait of Hormuz lifted risk appetite and sent oil prices lower.

As the global gas market grapples with the Strait of Hormuz being all-but closed for nearly three months, traders are fixated on two wildcards: China and the weather.

For all the hand-wringing over war-related inflation fears, there are signs that other drivers are having as much a bearing on longer-term borrowing costs.