EDF’s chief executive and the French government disagree on strategy
The French government and its chief executive, whom it chose to lead the state-owned nuclear group EDF, have been…
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Need for £8bn to meet demand in England for social care over the next decade
According to a recent study, the funding for social care in England must increase by more than £8bn to keep up with…
Italy reduces bank windfall tax
Italy has further diluted its windfall tax for banks by adding a clause that gives lenders the option of paying the…
After a decade of growth, investment in UK university spin-outs has fallen.
Data shows that investment in UK-based businesses spun off from UK universities dropped during 2022, and the first…
As budget talks stagnate, lawmakers warn of a US shutdown.
US lawmakers warned that a shutdown of the government is becoming more likely as hopes for a last-ditch compromise…
Lego abandons oil-free Brick in Sustainability Setback
Lego abandoned its most high-profile attempt to eliminate oil-based plastics in its bricks, after discovering that…
Hedge funds unwind their bets on gilts
Hedge funds have been rushing to unwind bets against Britain's £2.5tn government bond market as investors become…
The Sunshine and Higher Wages Help Next to 5% Rise in Profits
Next raised its profit forecasts in the fourth month after wage increases linked to inflation and the warm weather…
US Federal Reserve keeps rates steady but dampens expectations for rate cuts
Last night, the US Federal Reserve held its benchmark interest rates but indicated support for a second rate…
After interest rate freezing, the pound falls and bond yields rise.
The Bank of England kept borrowing costs constant for the first since November 2021, and the pound fell to its…
Wall Street boss Mike Ashley is dragged in court over his trades
Morgan Stanley's chief executive has been drawn into a legal dispute between Mike Ashley Frasers Group and…
Carmakers in UK must meet EV sales targets despite delays to petrol vehicle ban
According to those briefed about the new government regulations, even though ministers are pushing back on a petrol…
Cisco signs $28bn agreement with cyber security company Splunk
Cisco's largest acquisition to date is a deal worth $28 billion to purchase US software company Splunk. The US tech…
After US pressure, GGV Capital will split its China operations.
GGV Capital, a Silicon Valley venture capital firm, is splitting into separate businesses that will focus on Asia…
UK mortgage rates to drop after Bank of England’s knife-edge vote
After almost two years of increasing borrowing costs, the Bank of England is expected to lower UK mortgage rates…
Bank of England keeps interest rates at 5.25%
After almost two years of rising rates, the Bank of England held its interest rate at 5.25 percent.
Investors…
Russia bans diesel exports to squeeze oil market
Russia has banned the export of petrol and diesel as crude oil prices climb towards $100 per barrel. This is a…
CMR Surgical, a medical robotics company, taps investors to raise $165m
CMR Surgical, a medical robotics company, has raised an additional $165 million from investors to expand its global…