A key focus of the latest proposed sanctions listings is Russia's oil processing, refining, and exporting capacity, with 31 listings spanning the breadth of Russia, from St. Petersburg to Sakhalin.
Barclays said it will cut 5,000 jobs, about 5% of its workforce, as the British bank increases its reliance on artificial intelligence. The lender said AI tools are taking over tasks previously handled by staff across its operations.
Barclays is cutting 5,000 jobs as part of wider cost-saving plans that its bosses say are being driven by advances in AI.
The job cuts will mean losing about 5% of the bank’s 93,000 global staff, with executives confirming they had already cut 1,000 workers since the start of the year.
Shares of AI cloud-computing company CoreWeave have fallen 29% in October. CNBC reports that the spreads on the company's credit default swaps are also widening, meaning investors are pricing in higher risk of default on its debt. The slide renews questions about the financing costs behind massive AI infrastructure spending.
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