International

Microsoft’s (MSFT.O) plan to pump 2.5 billion pounds ($3.2 billion) into Britain over the next three years, its single largest investment in the country to date, will underpin future growth ...

By Maria Demertzis How well are central banks doing? Right now, they are making losses but, unlike most large institutions, we should not assess their performance on annual profit and ...

Google DeepMind has used artificial intelligence (AI) to predict the structure of more than 2 million new materials, a breakthrough it said could soon be used to improve real-world technologies. In ...

Meta Platforms’ (META.O) advertising-free subscription service, a fee-based offering rolled out in Europe this month, breaches EU consumer laws, Europe’s largest consumer group said on Thursday as it ...

The US government will cut off cryptocurrency companies from the broader US economy if they fail to block and report illicit money flows, Deputy Treasury Secretary Wally Adeyemo warned the ...

Abu Dhabi’s Aldar Properties (ALDAR.AD) has bought London-based developer London Square for an enterprise value of 1.07 billion dirhams ($291 million) in its first acquisition outside the Middle East. “Aldar ...

Tesla (TSLA.O) started deliveries of its long-delayed Cybertruck electric pickup on Thursday, after CEO Elon Musk tempered investor expectations citing problems in ramping production of what he called a “...

A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of London to Frankfurt’s ‘Mainhattan’ financial district. Even rainmakers ...

A stellar rally in equities and bonds suggests market confidence is high for the world economy to reach a soft landing after a run of aggressive interest rate hikes. Yet ...

Goldman Sachs on Friday said it now expects the European Central Bank (ECB) to deliver its first interest rate cut in the second quarter of 2024, compared to an earlier forecast ...

Billionaires increased in numbers and overall wealth last year, Swiss bank UBS (UBSG.S) said on Thursday, with the fortunes inherited by the newly-minted super-rich exceeding cash generated by self-made ...

Metro Bank (MTRO.L) on Thursday announced sweeping cost-cutting plans aimed at bolstering its finances, which could see the embattled British lender lay off 20 per cent of its staff and ...

After making hay when a summer bond rout propelled the US dollar to 10-month highs, hedge funds are now pondering what lies ahead for the greenback. The dollar, down 3.5 per ...

November has shaped up to be a fairytale month for equities, with the festive Santa rally investors traditionally hope for coming early as traders bet on a Goldilocks scenario of ...

A debt crunch at Swedish property group SBB has left the European Central Bank at risk of losses and highlighted the 26 billion euro ($29 billion) exposure it built up to Europe’...

Singapore and Zurich tied for the world’s most expensive city this year, followed by Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as ...

Billionaire Elon Musk told advertisers that have fled his social media platform X over antisemitic content to “Go fuck yourself” in a fiery Wednesday interview. His profanity-laced remarks followed a ...

The death of Berkshire Hathaway’s Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate’s lone investing legend and shining the spotlight on managers ...

Britain’s antitrust regulator said it would launch a review of loyalty scheme pricing by supermarkets, such as Tesco’s (TSCO.L) Clubcard and Sainsbury’s (SBRY.L) Nectar, to ...

British food delivery company Deliveroo (ROO.L) said it was expanding into non-food retail, betting on toys, electronics and other goods to help drive growth, after it reiterated 2023 profit guidance. ...

Saudi Arabia’s Public Investment Fund (PIF) has struck a share purchase agreement to buy a 10 per cent stake in TOPCO, the holding company of Heathrow Airport Holdings Ltd, from ...

Warren Buffett’s trusted confidante Charlie Munger died on Tuesday at age 99, leaving a void at Berkshire Hathaway (BRKa.N) that investors said would be impossible to fill despite the ...

Once a North Korean experiment in limited capitalism, the Rason Special Economic Zone appears to be the epicentre of the isolated country’s growing cooperation with Russia, experts say, including ...

Shoppers at British store chains have seen the slowest increase in prices in almost a year and a half but retailers might struggle to keep inflation on its downward path, ...