Alphabet’s shares drop after announcing $80bn share sale, as AI threatens to drive up youth unemployment – business live

Rolling coverage of the latest economic and financial newsAnthropic confidentially files for initial public offering on US stock marketIn a landmark moment, gold has overtaken US government bonds as the world’s top reserve asset, according to calculations from the European Central Bank.The ECB says that gold made up 27% of total official foreign reserves at the end of 2025, ahead of US Treasuries (22% of reserves) and the euro (15%).Forces of fragmentation are becoming more pronounced. Geopolitical tensions continue to drive strong central bank demand for gold.In nominal terms, the gold price surged by around 60% and 30% in 2025