NHS pays private sector to perform more medical procedures
Britain's National Health Service is outsourcing an increasing number of eye and hip operations in order to cope…
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Tech funds adopt private-equity strategies to compete for cash returns to…
Venture capitalists in Silicon Valley are hurrying to establish private equity-style structures in order to…
Chinese borrowers default in record numbers as economic crisis deepens
Since the coronavirus outbreak, defaults by Chinese borrowers are at a record-high. This highlights the severity of…
IMF: Keep interest rates high to avoid a repeat of the inflation crisis from 1970s
The International Monetary Fund has warned that central banks need to keep interest rates at high levels for…
Opec+ cuts oil production, leaving the market skeptical
OPEC+ will reduce oil production in 2024 to help improve the market.However, crude prices have fallen due to…
Vail buys Crans-Montana in a $136mn deal
Vail Resorts agreed to purchase the Crans-Montana resort in the Swiss Alps for SFr118.5mn (US$136mn). This deal…
Trial of ex-Goldman analyst and his lawyer brother for insider trading
According to the prosecution, a former Goldman Sachs lawyer and his brother (an ex-Clifford Chance attorney)…
Interest rate cuts lead to global stock market’s best month in 3 years
Investors are dumping risky assets as they believe that the Federal Reserve, and other central banks, is close to…
UAE launches $30bn Investment Fund at COP28
According to sources familiar with the situation, the United Arab Emirates will launch a $30bn fund to invest in…
Signa, a European luxury property group, files for bankruptcy
Signa Holding filed for bankruptcy on Wednesday. It is the central company of the vast property group, which owns…
Google will pay C$100mn per year to provide news in Canada
Google agreed to pay C$100mn per year to a fund that supports news organizations in Canada, as part of an agreement…
Farfetch shares plummet despite talks of the founder taking it private
Farfetch shares fell as much as 50% on Wednesday despite reports its founder may take the luxury online retailer to…
Google DeepMind researchers used AI to find 2mn materials
Google DeepMind researchers discovered 2.2mn new crystal structures, which could lead to advancements in renewable…
Halfords warns that profits will fall amid a slump in sales of new bikes
Halfords warned that profits would be lower this Christmas as fewer people bought new bicycles.
The retailer's…
Deliveroo plans to expand into DIY and beauty products
Deliveroo plans to sell everything from hammers, drills and makeup to boost its lagging growth rate.
Soon,…
Office landlords in Europe are facing a cash crunch of £34bn as a result of home…
Economists warn that office landlords in Europe are going to face a cash crunch of £34bn as more staff work from…
Ottolenghi is forced to reduce restaurant opening hours due to chef shortage
Yotam Ottolenghi has had to reduce the opening hours of his restaurants due to a lack of chefs.
Emilio Foa is…
Second AI company in “civil war” over leadership
A week after Sam Altman was victorious in a power battle with ChatGPT maker OpenAI, the chief executive of another…