Alibaba said it will raise its AI investments above its prior three-year target, sending shares to their highest level in nearly four years as markets cheered the company’s expanded AI push. The firm said it will increase spending beyond its February plan to invest more than 380 billion yuan (about $53bn) into AI models and infrastructure, and CEO Eddie Wu predicted global AI investment could reach up to $4 trillion over the next five years. In Hong Kong trading, Alibaba’s stock jumped as much as 7.8%. Alibaba plans wider deployment of its Qwen model family — including the newly announced Qwen3-Max — and to expand cloud data centres to Brazil, France and the Netherlands. The company reported triple-digit growth in AI-related products and a 26% year‑on‑year increase in cloud revenue; its shares have more than doubled so far this year. Wu said at a developer conference in Hangzhou: "The speed of development in the sector has significantly exceeded our expectations, as has demand for AI infrastructure. We are actively continuing the 380 billion yuan investment and plan to increase it." The move also highlights China’s broader push to build domestic AI and chip capabilities amid US export controls on Nvidia processors. Alibaba is developing its own AI chips and related hardware and reportedly won a major customer in China Unicom. UBS and other analysts note rising capital expenditure across Chinese internet giants — including Huawei, Tencent, Baidu and JD.com — as they compete with US peers on AI infrastructure and services. #Alibaba #AI #Qwen #Nvidia #FiatNews

Pre-election sentiment in the Czech economy has improved to its highest level since mid-2022, with the composite economic sentiment indicator rising to 101.9 in September. Consumer confidence rebounded to 103.5 after a surprise August drop, while business sentiment remained above its long-term average. Consumers reported a better assessment of their own finances and a more positive outlook for the next 12 months, reflecting accelerating GDP growth and contained price pressures. Although unemployment has edged up slightly, real wages are growing briskly and are expected to continue to support consumption in coming quarters. Among firms, industry shows some improvement but still lags other sectors due to weak foreign demand. Construction sentiment strengthened on the back of a real estate boom, while services weakened despite recent gains in consumer demand. The overall assessment is positive: growth this year is forecast slightly above 2%, with inflation near target, unemployment close to its natural rate, neutral interest rates and a comfortable external surplus. (Dominik Rusinko, ČSOB) #CzechEconomy #GDP #Inflation #FiatNews

A U.S. federal judge has allowed construction to resume on the nearly finished Revolution Wind offshore project off Rhode Island, handing Orsted a partial legal victory against the Trump administration’s effort to halt the work. Orsted said it will restart construction after the court found the project could suffer "irreparable harm" if work stopped; the order permits building to continue while the broader legal challenge proceeds. Judge Royce Lamberth issued a preliminary injunction, concluding Revolution Wind has a high chance of prevailing in the case. The decision eases immediate pressure on Orsted, which is seeking about $9.5 billion from shareholders to stabilise operations. Shares in Copenhagen jumped as much as 12% on the news before trimming gains; Andel Holding, Orsted’s third-largest shareholder, said it will invest an additional 3 billion DKK to keep its 5% stake. Orsted has said delays are costing about $25 million a week; Revolution Wind was about 80% complete and is scheduled to be finished in the second half of 2026, with Sunrise Wind due about a year later. Analysts cautioned risks remain. "Orsted recorded an important victory," said Jacob Pedersen of Sydbank, noting reduced risk of a credit downgrade; Citi analyst Jenny Ping warned the court order "will not be the final verdict" and does not shield projects from further government action. Industry veteran Rikke Winther Norgaard said the ruling likely means Revolution Wind can meet offtake deadlines and that an appeal by the Interior Department is unlikely to succeed. #Orsted #RevolutionWind #offshorewind #FiatNews

Hungary’s central bank left rates unchanged and signalled a cautious line. Vice‑governor Varga said household inflation expectations eased slightly, while credit activity is expected to rise in 2025–26 due to government housing subsidies. Continued tight policy and a rate gap vs. the euro should support the forint. #HUF #MNB #FiatNews

EUR/USD hovered near 1.18 despite improved European PMIs and relatively dovish Fed messaging. Fed Chair Powell and colleagues reiterated that policy remains restrictive and labour market dynamics do not yet justify easing; tariff effects on inflation seen as largely one‑off. Market attention turns to German Ifo and more Fed speakers. #EURUSD #Fed #FiatNews

The Czech koruna traded just under 24.30 EUR/CZK ahead of the CNB meeting. The bank is expected to keep rates at 3.5% due to prevailing pro‑inflation risks (sticky services inflation, strong wage growth, an overheated housing market). Hawkish rhetoric from Governor Michl may cap koruna moves. #CZK #CNB #FiatNews

The OECD has raised its forecast for global economic growth this year by 0.3 percentage point to 3.2%, citing stronger-than-expected resilience in the first half of the year as industrial production and trade were supported by pre-tariff stockbuilding. The organisation left its 2026 world growth projection unchanged at 2.9%; world GDP grew 3.3% last year. (23 September 2025) Country specifics: the OECD expects US growth to slow to 1.8% this year (down from 2.8% last year) but revised that estimate up 0.2 pp since June; US growth is seen at 1.5% in 2026. China’s 2025 outlook was raised to 4.9% from 4.7%, with 2026 growth forecast at 4.4%. The eurozone forecast was nudged up to 1.2% for 2025 (from 1.0%), while next year’s estimate was trimmed to 1.0% (from 1.2%). The OECD warned the full impact of higher US tariffs introduced under President Donald Trump has not yet been felt: firms have so far absorbed much of the shock through margin compression and pre‑tariff inventory purchases. The effective US import tariff rate was estimated at about 19.5% through end‑August, the highest level since 1933. Investment in artificial intelligence in the US and fiscal support in China have propped up activity, but the inventory boost is fading and higher tariffs are likely to weigh on investment and trade. On policy, the OECD expects most major central banks to ease or keep monetary policy loose next year if inflation pressures continue to wane. If higher tariffs do not spark broader inflation, the Fed could cut rates amid a softer labour market, while the ECB is expected to keep policy unchanged as inflation remains near its 2% target. #OECD #GDP #tariffs #AI #FiatNews

Selected FX quotes at 11:10 CET: CZK/EUR 24.2539 (+0.0180%), CZK/USD 20.5455 (-0.0292%), USD/EUR 1.1804 (+0.0322%), JPY/EUR 174.1790 (-0.0923%). These reflect minor intraday moves versus yesterday’s European close. #CZK #EURUSD #FiatNews

Prokop highlights loopholes enabling corporate tax avoidance: sales of firms between related holdings, routing property via companies to sidestep transfer taxes, and untaxed capital extraction. He suggests rethinking exemptions, tighter rules on capital transactions and targeted relief for first investments. #TaxAvoidance #CorporateTax #FiatNews

Company events to note for Tuesday: Ferguson Enterprises reports Q4 (consensus EPS $3.016). JTC PLC and Trustpilot Group PLC have pre-market scheduled updates; investors should check company releases for details. #FiatNews