Gas mogul who redrawn energy map clings on to Aspen ranch when loans are due
He was hailed for his bold vision that reshaped the global energy market and made him one of the highest-paid…
Yearly Archives
2023
UK business urges Rishi Sunak not to increase visa fees for skilled workers
Business groups are calling on Rishi Sunak to reconsider a planned rise in visa fees for migrants. They argue that…
City of London asks BoE to delay the bank capital rule until mid-2025
Finance industry pressure is mounting on the Bank of England to delay by six months the UK's implementation of…
European companies hit by Russian operations for €100bn
Europe's biggest companies have suffered at least €100bn in direct losses from their operations in Russia since…
US scientists confirm fusion power breakthrough
Scientists from the US government have for the second consecutive time achieved a net energy gain during a fusion…
AstraZeneca’s Strong Q2 2023 Performance and Positive Trial Results Reinforce…
AstraZeneca’s second quarter of 2023 has been successful, with eight different medicines generating over US$1…
London Stock Exchange boss: City is too important to be successful in…
The plan by Brussels to take over London's lucrative clearing markets won't deny European banks the Square…
Four policy shocks are hitting the British economy at once
The monetary death marches continue. The fourteenth increase in interest rates by the Bank of England is…
The cheap food era in Britain is over, according to economists
The era of cheap British food is over, according to economists. The Bank of England has warned that the…
Wilko, the UK discount retailer, is on the verge of collapse
The UK discount retailer Wilko is in danger of bankruptcy unless it can find a last minute buyer or investor due to…
Warner Bros Discovery saves 100mn dollars as Hollywood strikes reduce costs
Warner Bros Discovery chief executive David Zaslav urged a resolution to a historic labour strike in Hollywood…
Wizz Air’s chief lauds the ‘capitalist’ spirit behind the £100mn…
Wizz Air’s chief executive said that the extension of a bonus incentive package for him to unlock a £100mn shows…
In 2021-22, Britons paid a record £16.7bn capital gains tax
According to data released on Thursday, Britons paid an unprecedented £16.7bn in capital gain tax during the…
Fitch’s decision to downgrade US debt has a political rationale
The gods of finance can sometimes deliver choreography which will make future historians laugh. One such moment…
Apollo Chief warns that private equity is ‘in retreat as rates rise’
The lucrative era of private equity buyouts is over, and the industry's $4tn worth of returns won't be fueled by…
Bank of England increases interest rates by 0.25 percentage point
The Bank of England raised interest rates by 0.25 percentage points, to 5.25 percent. It warned that borrowing…
GAM makes a last-ditch attempt to win Liontrust’s rescue deal
GAM has tried to reassure shareholders about its offer to take over UK asset manager Liontrust, which it claims is…
UK tax authorities pursue Uber in widening VAT dispute
Uber, a ride-hailing application, is being pursued by the UK tax authority in an ongoing dispute over VAT.
The…