Top HSBC strategist has a warning for retail investors chasing the AI rally

Alhasan: Iran Chokepoints Squeeze Energy Markets (Video)

Elbilassy: Tech Selloff Healthy After Nasdaq Record High (Video)

Horizons Middle East and Africa Oct 22nd, 2026 Elbilassy: Tech Selloff Healthy After Nasdaq Record High Stocks fell as megacap earnings failed to reassure investors about the rebound in Artificial Intelligence trade. Tesla retreated after cutting its spending outlook, while Meta doubled down on AI investment.

Barclays to slash 5,000 jobs in AI efficiency push

British lender Barclays has revealed plans to cut 5,000 jobs — about 5% of its total workforce — as part of an artificial intelligence-linked efficiency push. In its third-quarter earnings statement Thursday, Barclays said it was "structurally reducing the cost base to generate capacity for investment." The reductions come from "organizational simplification and technology change efficiency driven by AI," the bank said, with cuts felt mainly in support functions, including developers,...

Abby Choi got share of ex-husband’s luxury watch profits, murder trial told

Slain Hong Kong socialite Abby Choi Tin-fung received a share of the profits her ex-husband made from investing in luxury watches, the model’s murder trial has heard. Chan Leong-hang, an employee of Aristo Watch & Jewellery in Tsim Sha Tsui, said on Thursday that Alex Kwong Kong-chi sold upmarket timepieces to the shop and asked that the shop transfer part of the proceeds to Choi via bank transfer. Chan said the company transferred HK$6 million (US$764,580) to Choi’s bank account after her...