Bank of England warns that private equity binge could trigger financial crisis
The Bank of England warned that the private equity industry poses a threat to financial stability, as it launched a…
UBS sells $8bn in loans to Apollo
UBS agreed to sell loans worth $8bn to private capital group Apollo as it wind down its investment bank related to…
Formula One owner closes on €4bn MotoGP deal
According to sources familiar with the situation, Formula One owner Liberty Media has exclusive negotiations to…
Baltimore Bridge collapse: Carmakers and insurance companies prepare for the…
After the collapse of the Francis Scott Key Bridge in Baltimore, carmakers have announced that they will be…
Shein is close to announcing London IPO reports
Shein will announce in the next few days that the London Stock Exchange is the destination of its initial public…
Tata will ‘continue to lose jobs in Port Talbot even with Labour subsidy.
Sources close to Tata Steel have stated that the company would continue to cut thousands of jobs at its Port Talbot…
EU investigates Apple and Alphabet owner Alphabet, Meta, under the new tech law
Apple, Google parent company Meta and Google are all being investigated by EU authorities for possible breaches of…
Focusing on consumers can give China an extra $3.5trn.
The International Monetary Fund said that China's economy could grow by $3.5 trillion over the next 15 year if its…
Bank of England: Delaying interest rate reductions will weaken the UK economy
A report warns that the UK economy is headed for a slow recovery after the recession, and the Bank of England may…
Kingfisher owner B&Q is impacted by sluggish French sales
Kingfisher's hopes of a recovery have once again been dashed after the DIY retailer saw its profits fall due to…
British homes are smaller, older and more expensive than those overseas
A report says that Britain's housing is "expensive and cramped" with an ageing population. It offers the lowest…
As Treasury “stifles” offshore wind, energy prices could rise
A new report claims that consumers could see their energy prices rise further because the government is blocking…
Merlin’s record revenue keeps wheels spinning
Merlin Entertainments announced today the purchase of the Orlando Wheel in Icon Park, Florida. It is the tallest…
Insurance premiums are soaring, giving the Treasury a windfall in tax revenue
The rapid increase in premiums for car, pet and home insurance has brought the government a windfall worth more…
Wind farms investigated for ‘overcharging by £100m customers’
Wind farms owners are under investigation by the energy watchdog over alleged market manipulating after being…
US investment funds withdraw $13.3bn in BlackRock’s anti-ESG campaign
Red state investment funds pulled $13.3bn out of BlackRock, the world's biggest asset manager, nearly two years…
China bans use of Intel and AMD in government computers
China has issued new guidelines which will see US microprocessors such as Intel and AMD phased out from government…
US and Japan to upgrade security pact, the biggest in 60 years
In an effort to counter China, the US and Japan plan to upgrade their security alliance to its highest level since…