Business

The chairman of NatWest faces increasing pressure to resign due to his handling of Nigel Farage's "debanking scandal". Investors are worried that Sir Howard Davies has lost his authority as the head of the board at NatWest since 2015.…

US national security officials are examining the proposed $3bn acquisition of Fortress Investment Group by an Abu Dhabi sovereign fund, amid Washington's concerns over the United Arab Emirates’ ties with China, according to people familiar…

Employers have warned that the driving force behind inflation is now higher wages, as companies pass along rising salaries costs to their clients. According to S&P Global's influential purchasing managers index (PMI), the economy…

Elon Musk suggested that he might replace Twitter's bird-logo, which has been on the site since it was founded, with an "X". Elon Musk, the billionaire owner of the site, said that a switch could be made as soon as Monday morning if an…

CVC Capital Partners raised €26bn (USD29bn) to create the largest private equity funds in history. This was despite a general fundraising drought, which has seen many competitors struggling to raise money. Rob Lucas, the managing partner…

A business survey found that UK companies are more complacent about improving productivity than their G7 counterparts. Be the Business, a government-backed charity that surveyed more than 4,000 G7 leaders in the business world, found a…

According to a law signed by Vladimir Putin on sunday, Moscow has taken over the Russian subsidiaries for Carlsberg and Danone. According to the decree, Russia has taken over the "temporary management" of the Russian companies owned both…

When UK regulators fin ED&F Holdings over billions of dollars in illicit dividend-tax deals they focused on "Senior manager A", who was a controlling mind behind the scheme. Mark Whitehead was a former trader for Merrill Lynch &…

Thames Water Ltd. has said that it will need "significant additional funds" to pay off its debts in the future and repair leaky pipes. This is despite investors agreeing to invest an extra £750m ($960.4m) into Britain's largest water…

Whitehall officials are concerned about the spinoff of an important business worth £3 billion that provides services to Britain's nuclear infrastructure and defence. It is believed that the Cabinet Office met with the CEO of US…

The European Court of Justice (ECJ), has told Sir James Dyson that he should bring a £150m damages claim against the Brussels vacuum cleaner regulations. The opinion of a senior advisor to the EU’s top court gave the Brexit-backing…

The UK's largest Pension Scheme is facing questions from the regulator about its investment in Thames Water - the troubled utility. According to sources familiar with the matter, a meeting between The Pensions Regulator, and the £90bn…

Cash buyers who can avoid rising borrowing costs are buying a larger share of London’s most expensive properties, boosting the resilience in London’s high-end property market. According to Savills, equity buyers purchased 71 percent of…

Two people with knowledge of the matter say that Saudi Arabia is planning to create a multi-billion dollar investment company in order to expand its sporting interests after its success in English Football and its power grab in English…

KPMG, the auditing firm, will cut approximately 5pc of its US workforce as demand for consulting services declines. Paul Knopp said that the US Chief Executive of the "Big Four" auditors, Paul Knopp, stated that the cuts were designed to…

Cineworld Group will end its 16-year existence as a publicly traded company next month, as administrators prepare the transfer of all assets to a private corporate entity. Unselected administrators will be appointed to oversee the…

In Britain, the PS18 billion merger between Three and Vodafone is being scrutinized by all parties in parliament due to its links with China. Both Conservatives and Labour MPs have asked government departments to explain the effect of a…

Primark's owner has increased its profit forecast for the year, despite the squeeze on household budgets. Sales at the discount retailer were boosted by higher prices and a strong demand for summer clothing despite the squeeze.…