US authorities launched a legal action to dissolve Ticketmaster following failed ticket sales by artists such as Taylor Swift, Bruce Springsteen and others. This sparked accusations of anticompetitive behavior. The
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Financial regulators have fined Citigroup £61.6m after their internal systems failed in preventing a fat-fingered Banker from causing a Flash Crash by placing erroneously more than £1bn worth of orders.
Tesla sales in Europe have plummeted after countries such as Germany and France cut subsidies to electric vehicles. In the first four month of the year, sales at the Western
US semiconductor giant Intel entered exclusive discussions with Apollo Global for the financing of an $11bn chipmaking facility in Ireland. Large corporations are increasingly turning to private capital groups to
Alibaba is leveraging its cloud computing infrastructure in order to become the leading investor for China’s artificial intelligence start ups. It offers them credits that they can use to access
A half-century ago, Philip Verleger, a well-known energy analyst and adviser to American companies that wanted to sue Opec over price fixing, became embroiled as a consultant in an antitrust
Qantas will pay A$100m (£53m) in penalties and A$20m to passengers as compensation for a legal dispute over the tickets it sold for cancelled flights. The Australian Competition and Consumer
Banco Sabadell, a Spanish lender, has rejected BBVA’s €12bn bid for its takeover. The proposed deal is “significantly below” the value of its own growth prospects. Last week BBVA made
Gazprom, the Russian energy giant, has suffered its worst loss in more than 25 years after gas sales have been cut in half as a result of Vladimir Putin’s Ukraine
The Guardian has announced a programme of redundancies as it struggles with a sharp decline in advertising. Katharine Viner sent an email on Thursday to the staff outlining plans to
UK ministers announced plans on Monday to reform the benefits received by millions of people who have long-term health problems and disabilities. The move is part of an effort to
Emmanuel Macron warned that the EU faces a “mortal threat” from the economic decline, the rise of illiberalism, and the return to war due to Russia’s full scale invasion of
Canary Wharf Group has lost more than £900mn in value as a result of a £553mn loan deal. The developer and manager for the London Docklands estate, owned by Brookfield
The losses at British supercar manufacturer McLaren have more than doubled in 2023 to a record £873m due to production delays and a decline in sales. The GT manufacturer’s losses
Perrier has been asked by the French government to stop using one well “as an extra precaution”. Perrier was ordered to destroy 2 million bottles of water following the discovery
In its most recent warning, the Bank of England found that some banks were unable to quantify the exposure they have to private equity. The industry, which is worth $8tn,
