French Bond Yields Near 5%, Euro Zone Firms Self-Fund AI and South Korea Reviews Bank Hacks: What’s Going On Today

Markets

French markets faced fresh pressure on October 2 amid high public debt and political gridlock. Reuters reported French bond yields had reached a 24-year high on Thursday, approaching the 5% level, while investors watched the country’s fiscal outlook and political risks.

Tech

Euro zone companies are relying mainly on their own cash to invest in artificial intelligence because they face funding barriers, according to an October 2 ECB blog post reported by Reuters. The finding highlights how access to financing may shape the pace of corporate AI adoption.

South Korea’s financial regulator held an emergency meeting with banks and other institutions on Friday, October 2, after a series of bank hacking incidents, Reuters reported. Officials discussed the cyber risks facing financial institutions.

Sources

Reuters.