Stephen Carroll

Eugene Sirocco is speaking as the White House says it's working on a formal order to lift the global rate to 15%, although no timeline for that move has been finalised.

Stocks fell in another AI scare trade after a research report outlined the sweeping potential impact of artificial intelligence on jobs, sectors and economies like the US.

Little-known research company Citrini imagined a world where consumers used AI agents to avoid credit card fees and delivery apps.

In response, stocks including American Express, Blackstone and DoorDash fell by at least 6%, something which surprised the report's co-author Al-Apshah.

Speaking to Bloomberg, Shah added that he thinks governments should start taxing AI to prepare for the effects of coming mass unemployment.

He expects AI could cut white-collar employment by 5% over the next 18 months.

Standard Chartered has announced a fresh share buyback worth $1.5 billion.

That's, as the bank reported, weaker than expected fourth quarter earnings with adjusted pre-tax profits of $1.24 billion.

Profits were hit by a $233 million charge from the bank's Fit for Growth efficiency programme.

Standard Chartered says it expects income growth this year to be around the bottom end of its 5% to 7% range.

It's been four years since Russia began its full-scale invasion of Ukraine, and US President Donald Trump's efforts to end the war are stalling.

Peace talks have already blown through several deadlines, and even some American officials admit privately that they see no signs Putin is willing to budge.

Vitaly Klitschko is the mayor of Kiev.

This war can stop easily.

One person who is beginning the war is talking about the president of Russia, Putin.

Klitschko added that any peace deal cannot be a capitulation from Ukraine.

One concern among Kiev's allies is that Putin may agree to a ceasefire that would allow Trump to claim success while Russia continues a campaign of sabotage, hybrid warfare or election interference.

That's news when you want it with Bloomberg News Now.

I'm Stephen Carroll.

Hello, I'm Stephen Carroll.