Larry Fink, BlackRock’s CEO, predicts AI will solve the productivity crisis
BlackRock's Larry Fink predicted that "transformative opportunities" for artificial intelligence would solve the…
The dollar-pound exchange rate has reached a 14-month high as the market is…
The pound has reached its highest level versus the dollar since April 20, 22. This is due to strong economic data…
VW Group’s flagship brand VW targets €10bn in cost savings by 2026
Volkswagen's flagship Brand aims to reduce costs by €10bn by 2026 in order to increase earnings on a market that is…
Vodafone and CK Hutchison have agreed to a UK mobile merger
Vodafone and Three's owner CK Hutchison warned that vital investment in 5G networks would be curtailed unless the…
WE Soda withdraws £7.5bn London IPO, a blow to the City
WE Soda's plans to launch a $7.5bn London IPO have been abandoned, a blow to the UK equity capital markets which…
Rishi Sunak is under pressure after HSBC increases mortgage rates a second time…
HSBC has raised mortgage rates for a second time in a row. Other lenders are expected to follow suit, increasing…
Federal Reserve announces two additional rate increases but skips the current one
Powell defends decision to pause tightening campaigns in the face of persistently higher inflation .The Federal…
Y0! Zensho buys Sushi Owner for $621m
The Yo! The Yo!
Zensho Holdings, a Tokyo-based company, is buying Snowfox Group from Mayfair Equity Partners –…
British Gas’s huge profits fuel a row about energy bills
The regulator has increased the price cap in order to compensate for setting it too low previously. Profits are…
Sainsbury’s, Asda and land banking ‘harmed customers’
Sainsbury's, Asda and the Competition Watchdog have both been accused of breaking land-use laws in order to prevent…
Elon Musk’s Linda Yaccarino, the new CEO of Twitter, rallies her staff to…
As she tries to win back advertisers, the new Twitter CEO has pledged to turn it into "the most accurate source of…
Norway wants to open up vast ocean areas to deep-sea mines
First country to mine battery metals on ocean floor .Norway’s government is readying plans to open an area of ocean…
Bunge buys Viterra, backed by Glencore, in an $8.2bn deal
Bunge, a global crop merchant, will buy Viterra for $8.2 billion in cash and shares. This deal creates a giant…
The European launch of a four-week old AI startup raises €105mn, a record amount.
A French start up founded by three former Meta and Google artificial-intelligence researchers four weeks ago has…
Kremlin announces windfall tax for oligarchs to raise Rbs300bn
The Kremlin continues to be stretched by the Ukraine war, so Russia announced a windfall-tax on large companies. It…
Javid says money for UK supercomputer project ‘needs billions of…
Sajid Javid, the former British chancellor, warned that Britain's £900mn supercomputer plan will be far too modest…
UK grocery spending surges as food costs rise
Retail sector data points to reduction in discretionary purchases as consumers pay more for staples .High food…
Andrew Bailey: Inflation will take a ‘lot more time’ to fall than…
Andrew Bailey, governor of the Bank of England, said that inflation is taking "a lot longer" to fall than investors…