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UK economy posts surprise 0.1% growth in August ahead of Healey's first Budget
UK gross domestic product rose 0.1% in August from the previous month, the Office for National Statistics said, beating market expectations of a contraction. GDP was up 0.7% over the three months to August, while July's growth was revised up to 0.4% and June's figure was also upgraded. The Chancellor warned that inflation would still hold back growth, though the IMF had already raised its forecast for the UK economy.
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Anthropic briefs investors on revenue surge ahead of planned stock market debut
Anthropic, the artificial intelligence company, booked $16.8bn in revenue in the three months to the end of September, a 45% increase. Revenue in the two preceding quarters came in at $4.7bn and $11.6bn, extending a run of consecutive quarterly gains. Technology shares in Asia fell in early trading on Thursday, with SoftBank down more than 9%, Samsung 9.4% and SK Hynix 10.8%. South Korea's Kospi fell 7.6% and Japan's Nikkei 225 dropped 4.8%.
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