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    Fitch Ratings Highlights Increasing AI Risks for Software, Media, and Service Corporates

    Fitch Ratings-Toronto/New York: Elevated AI-driven credit risks are concentrated in three technology, media and telecommunications (TMT) sectors, with software, media and services facing rising disruption risk while overinvestment risk remains largely confined to hyperscalers and select cloud providers, according to a new Fitch Ratings report. Asset-light businesses where value is driven by intangibles such as

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  • Gulf Oil Producers Have Already Lost $15 Billion Since the Start of the War

    Gulf Oil Producers Have Already Lost $15 Billion Since the Start of the War

    Oil producers in the Arab Gulf have already lost at least $15.1 billion in oil and gas revenues since the start of the Middle East war, per estimates by commodities analytics firm Kpler cited by the Financial Times. The de facto closure of the Strait of Hormuz has choked off since March 1, millions of

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