Nvidia has held talks with insurance companies about shouldering the risks of lending against its chips. The move aims to spread the risk of AI buildout as Wall Street seeks deeper involvement in financing the tech boom. Nvidia also launched a record $150bn share buyback.

Oil prices and US Treasury yields are in their tightest relationship since the first Gulf war in 1990. UK Chancellor John Healey told the Labour Party conference that economic conditions enjoyed by New Labour are “simply not there now”. An oil field project in the Falkland Islands has increased pressure on the UK’s relationship with Argentina.

Japanese convenience store chain Family Mart has enlisted Lady Gaga to help offset Japan’s acute labour shortage.