Economy Cost of living crisis stifles post-Covid recovery admin Aug 24, 2023 Economists warn that a global recession is imminent as the rising interest rates and cost of living crisis are…
Retail Waitrose is betting on a meal deal to bring back its magic admin Aug 24, 2023 In an effort to stem the sales decline, this upmarket retailer turned to a British staple for lunch. What does…
Economy Inflation is declining faster than expected admin Aug 23, 2023 Inflation may be easing more quickly than first thought, the Office for National Statistics has found, providing a…
Banking Bank of England warns of company debt burden admin Aug 23, 2023 High interest rates are putting indebted businesses under the most pressure since 2009, the Bank of England has…
Economy China’s rate caution sheds light on the $56tn bank system admin Aug 23, 2023 China's leaders' pledge to tackle the "new challenges and difficulties" that plague the second largest economy in…
Pharmaceutical Pharma companies under scrutiny for using blue blood from horseshoe crabs admin Aug 23, 2023 Environmentalists, as well as a major European investor, are putting pressure on pharmaceuticals companies to find…
Markets BHP profits drop 37% as miner raises China concerns admin Aug 23, 2023 BHP has reported its lowest profit in three year as the largest miner on the market warned that its future…
Banking Brics Bank aims to reduce the dollar’s reliance admin Aug 23, 2023 According to the president of the bank, the development bank created by the Brics countries plans to start lending…
Electric vehicles China’s billionaire cathode battery manufacturer targets US market through… admin Aug 23, 2023 A Chinese billionaire, who controls an important part of the battery supply chains, is in discussions to list a…
Artificial intelligence On earnings calls, CEOs tout the benefits of AI but do not mention it in their… admin Aug 23, 2023 Artificial intelligence is a rapidly growing technology that has created excitement across industries, from fast…
Banking SoftBank’s arm announces plans for the largest US IPO since nearly 2 years admin Aug 23, 2023 SoftBank's chip designer Arm, which is owned by SoftBank, has begun the countdown for the largest US initial public…
Microsoft Microsoft reworks $75bn Activision Deal to Win UK Support admin Aug 23, 2023 Microsoft dramatically altered the terms of the $75bn acquisition by Activision Blizzard, after UK regulators…
Oil and Gas Permian Resources acquires Earthstone Energy for $4.5bn admin Aug 22, 2023 Permian, a US shale oil operator, announced Monday that it would buy Earthstone Energy for $4.5bn in all-share…
Artificial intelligence British media and creative industries questioned about AI risks to copyright admin Aug 22, 2023 The British government is contacting the media and creative industries in Britain over concerns that artificial…
Markets Fears over interest rates outlook drive US Treasury yields to 16-year high admin Aug 22, 2023 Investors are coming to terms with an economy which refuses to slow down. The selling of US government bonds…
Economy Xi Jinping is deliberately running China’s economy cold. admin Aug 22, 2023 Xi Jinping’s quest to rewrite a playbook that has driven China’s economic miracle over a decade is facing its…
Markets The UK homebuilder slump has gone too far, a technical indicator shows admin Aug 22, 2023 The sell-off of UK homebuilders intensified on Monday after a downbeat report from Crest Nicholson Holdings Plc.…
Wealth Quant Trader Alex Gerko doubles fortune to $11B, as XTX profits surge admin Aug 22, 2023 In Nantucket, a very seasonal legal spat has broken out: the billionaire owner of $6.5 million cottage wants to…