Lizzie Burden

And in earnings, Deutsche Bank has announced a €1 billion share buyback as it reported pre-tax profits of just over €2 billion for the fourth quarter.

However, the results were overshadowed by the lenders' offices in Frankfurt and Berlin being raided by German authorities yesterday.

It's part of a money-laundering probe looking at past dealings by staff with firms linked to Roman Abramovich.

Here's what Deutsche Bank's CFO, James von Moltke, told Bloomberg about the investigation.

James von Moltke speaking there.

As news of the probe drove the bank's share price lower yesterday, it closed down 2%.

This morning, shares in Deutsche Bank are down 1.5%.

Meanwhile, the world's largest tech firms are showing no sign of easing up on artificial intelligence spending as earnings reveal plans worth hundreds of billions of dollars.

Meta alone has ambitions to spend as much as $135 billion this year, as Microsoft also ratcheted up capital expenditure by a higher than expected 66%.

We've got a view on both companies from our tech editor, Vlad Savov.

Vlad Savov speaking as The Information reports Microsoft, Nvidia and Amazon are in discussions to invest as much as $60 billion in OpenAI as part of a major new funding round.

This as analysts are increasingly warning of a potential AI bubble forming, in part because of the circular nature of some of those investments.

And the US President Donald Trump has warned Iran that time is running out to make a nuclear deal with the United States.

In a social media post, Trump said the fleet of American ships ordered to the region is ready to fulfil its mission with speed and violence if necessary.

The latest remarks come after repeated threats from the White House to launch another attack on Iran over recent crackdowns on domestic protests rather than nuclear activities.

Iran's mission to the United Nations said it's ready for dialogue but will respond like never before if pushed.

And I'm Lizzie Burden.

And this is Bloomberg.

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I'm Lizzie Burden.