Morgan Stanley taps Al-Abdulla to head Qatar business
Morgan Stanley (MS.N) has hired fund manager Abdulrahman Al-Abdulla as head of its business in Qatar, as the Wall Street bank continues its expansion in the region and tries ...
UK house prices to rise by up to 3 per cent next year
British house prices are set to grow by up to 3 per cent next year as property remains in short supply across much of the country and new home building has ...
FCA extends motor finance complaints deadline to December 2025
The Financial Conduct Authority (FCA) is giving customers who struck historic finance deals to lease motor vehicles additional time to complain about commission payments, widening a review that could lead ...
Dovish BoE dents buoyant sterling but soothes battered gilts
A dovish message from the Bank of England on Thursday dented the outlook for sterling, one of the year’s best performing major currencies against the dollar, while bringing a ...
UAE cenbank cuts base rate by 25 bps
The central bank of the United Arab Emirates cut its base rate applied to the overnight deposit facility by 25 basis points on Wednesday, from 4.65 per cent to 4.40 per cent, effective ...
Fed’s hawkish tilt has emerging markets scurrying to save currencies
Central banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday, hours after the Federal Reserve jolted markets by indicating it may not cut rates by much ...
Bank of England to keep rates steady as price pressures linger
The Bank of England looks set to hold interest rates at 4.75 per cent on Thursday, despite signs of a slowing economy, as persistent inflation pressures limit it to a “gradual” ...
As bitcoin soars, luxury brands consider accepting crypto payments
Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh ...
UK inflation hits 8-month high but underlying pressures steady
British inflation hit an eight-month high in November, but the rise in services prices – watched closely by the Bank of England as an underlying measure of inflationary pressures – held steady, ...
Britain eyes capital markets revival via private shares platform
The Financial Conduct Authority has outlined proposals for a new platform to enable trading in shares of privately-owned firms under plans to invigorate Britain’s lacklustre capital markets and encourage ...
Competition watchdog clears Carlsberg’s $4.23 bln acquisition of Britvic
Britain’s competition regulator cleared Carlsberg’s (CARLb.CO) deal with soft drinks maker Britvic (BVIC.L) on Tuesday, saying it would not refer the $4.23 billion transaction for an in-depth ...
Pessimism prevails among German firms for 2025, survey shows
German companies feel pessimistic about the new year, with only 12.6 per cent expecting business conditions to improve in 2025, according to a poll by the Ifo institute of some 8,000 firms.
“No ...
UK pay growth speeds up, adding to worries for Bank of England
British pay rose by more than expected in the three months to October, official data showed on Tuesday, prompting investors to further rein in bets on Bank of England interest ...
UK firms cut staffing by most since 2021 as budget bites
British businesses this month cut staff numbers at the fastest pace in almost four years, raised prices and turned more pessimistic about the outlook, placing much of the blame on ...
BP and ADNOC launch new gas venture in Egypt
BP (BP.L) and Abu Dhabi National Oil Company’s international investments arm XRG said on Monday they have closed a deal for a new natural gas joint venture in ...
Britain sets first codes of practice for tech firms in online safety regime
Britain’s online safety regime came into force on Monday, requiring social media companies like Meta’s (META.O) Facebook and ByteDance’s TikTok to take action to tackle criminal ...
Britain joins trans-Pacific pact in biggest post-Brexit trade deal
Britain officially became the 12th member of a trans-Pacific trade pact which includes Japan, Australia and Canada on Sunday as it seeks to deepen ties in the region and build ...
Bitcoin surges above $106,000 on strategic reserve hopes
Bitcoin surged to a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to create a US bitcoin strategic reserve similar to its strategic oil reserve, stoking ...
The precarious promise of the Paris Agreement’s article 6
By Georg Zachmann
Agreement on a global carbon trading framework could complete the global climate architecture, but the risks are significant
The international process for coordinating the fight against global ...
Bank of England set to stay in central bank slow lane and keep rates on hold
The Bank of England looks set to keep interest rates on hold this week as it moves more slowly to cut borrowing costs than central banks in Europe and the ...
Government debt glut could rock markets in 2025, BIS says
The threat of soaring government debt supply destabilising financial markets has intensified, according to the world’s top central banking advisory body, as it urged policymakers to act swiftly to ...
OpenAI CFO sees Trump as AI president, trusts Musk to prioritize national interest
President-elect Donald Trump could be the “president of this AI generation” as he will take office at a time when critical infrastructure to developing artificial general intelligence (AGI) is built ...
Google invests in Intersect Power in over $800 mln funding round amid AI race
Alphabet’s (GOOGL.O) Google, along with TPG Rise Climate and other investors, is backing clean energy developer Intersect Power as part more than $800 million funding round, the company has ...
Global airlines forecast 2025 growth despite ‘unacceptable’ supply chain issues
Global airline body IATA is expecting an industry-wide 2025 revenue of more than a trillion dollars and record passenger numbers, despite what its chief Willie Walsh said were “unacceptable” difficulties in ...