Business Live News Content

BMW and Jaguar used banned China parts - US probe

The car makers used parts made by a supplier banned over alleged links to Chinese forced labour.

Greggs adds a ‘classic’ fish finger sandwich to its menu – but only in 10 stores

Greggs has updated its menu to feature the “classic” fish finger sandwich, but the product is only available across 10 stores in the UK. 

Prince Harry fails in attempt to include Rupert Murdoch in phone hacking trial

Court also rejects amendment to expand case to add allegations that Duchess of Sussex was also targeted

News24 Business | Microsoft announces R1.3bn SA fund to boost black-owned businesses in deal with govt

Microsoft is set to create a fund of around R1.3 billion for future-focused skills development and black-owned businesses in South Africa in terms of an agreement with the dtic - the biggest pledge of its kind yet, says Minister Ebrahim Patel.

Cazoo formally enters administration as parent company prepares for liquidation

Online car retailer Cazoo has formally collapsed into administration while its parent company is heading for liquidation.

Ready for T+1: The Final Countdown

The settlement cycle for broker-dealer transactions will shorten from T+2 to T+1 next week.  -More- 

Yellen sees 'possibility' of $50bn Ukraine loan from seized Russian assets

There is a "possibility" that G7 nations will support Ukraine's war effort through the use of billions of dollars in loans linked to seized Russian assets, the US Treasury secretary has told Sky News.

Trump Calls ‘Apprentice’ Biopic at Cannes ‘Garbage’ and Plans to Sue

The director of “The Apprentice” was unfazed by the threat to the film, which covers the ex-president’s relationships with his first wife and the fixer Roy Cohn.

Can Mel Stride’s bootcamps address ‘urgent need’ to boost workforce?

Stride admitted that moving away from migration might provide a "recruitment challenge," but argued the policy formed part of a shift towards an "economic model based on British talent".

Jamie Dimon: Succession at JPMorgan is ‘well on the way’

Jamie Dimon, the long-serving CEO of JPMorgan Chase & Co, announced a change in his retirement timeline during the bank's investor day, saying it is "not five years anymore." Dimon, who has led the largest US bank since 2006, indicated that succession plans are well under way. Earlier this ...

Shell investors back oil major’s move to weaken climate targets

Shareholders reject resolution by activist group Follow This urging tighter goals

Tanker to take on first load from Trans Mountain expansion

The first crude oil cargo from the Trans Mountain Pipeline expansion project in Canada is being loaded in Vancouver this week -More- 

Pinnacle Midland to be bought by Phillips 66 for $550M

Phillips 66 plans to buy midstream provider Pinnacle Midland for $550 million, according to the company.  -More- 

API eLearning Training Course | WorkSafe Contractor Safety Program | Available in Spanish

The API WorkSafe Contractor Safety Program focuses on key points from the second edition of API Recommended Practice 1646, Sa -More- 

‘Blanket ban’ on face coverings at protests, political violence adviser recommends

The government should introduce a blanket ban on face coverings at protests, an adviser on political violence has recommended.

Chanel targets property investments as luxury brands vie for prime sites

Fashion house also plans to continue to make acquisitions to further integrate its supply chain

Tuesday evening news briefing: British man killed by turbulence on London to Singapore flight

Biden releasing 1 million barrels of gasoline from Northeast reserve in bid to lower prices at pump

The Biden administration says it's releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer. The sale is from storage sites in New Jersey and Maine and will be allocated in increments of 100,000 barrels ...

Alert: Biden is releasing 1 million barrels of gasoline from a Northeast reserve in a bid to lower prices at the pump

Biden is releasing 1 million barrels of gasoline from a Northeast reserve in a bid to lower prices at the pump.

Europeans at increased risk from tropical illnesses due to climate change

EU health commissioner warns over heatwaves, disease-spreading floods and preparedness for mosquito-borne infections

Public company CFO turnover matched record high in Q1

Eighty-two CFOs were appointed by public companies in the first quarter, equal to the record turnover in the same period of 2 -More- 

India on cusp of long-awaited economic take-off: RBI bulletin

Aggregate demand momentum in India is rising, with the overall non-food spending being pushed up by green shoots in rural spending recovery, the Reserve Bank of India said in its monthly bulletin on Tuesday. "Recent indicators are pointing to a quickening of the momentum of aggregate demand. ...

News24 Business | Platinum prices are rising on tighter supplies amid BHP's vast Anglo bid

Platinum prices are rising due to tight supplies, although the metal has fallen out of favour as miner Anglo American seeks to offload assets and fight a vast takeover bid from Australian rival BHP.

Group Of Tesla Shareholders Ask Investors To Vote Against Elon Musk's Compensation Package

Tesla posted record deliveries of more than 1.8 million electric vehicles worldwide in 2023, but the value of its shares has eroded quickly this year as EV sales soften. 

David Redden, Who Brought Ingenuity to the Auction Block, Dies at 75

He brought a P.T. Barnum-like showmanship to Sotheby’s, where he sold items like Babe Ruth’s bat and a research rover that had been left behind on the moon.

Grand Central: Bid for 550,000 more seats on routes between London Kings Cross and the North

Arriva Group has applied to the Office of Rail and Road to add a number of open access routes between London and the North.

It'll take nearly 50 years for all unicorns to exit

It would take 49 years for the 741 US unicorns to either complete an initial public offering or get acquired at the current p -More- 

How the Media Is Covering Justice Merchan in Trump’s Criminal Trial

Conservative outlets have criticized Justice Juan M. Merchan as politically motivated, while some liberal media organizations have praised him for muzzling Mr. Trump.

Venture funding for crypto startups climbs

From the fourth quarter of 2023 to the first quarter of 2024, investment in crypto startups surged 40.3% to reach $2.4 billio -More- 

News24 Business | Dollar struggles for direction, ether supports crypto rally

The dollar struggled for direction on Tuesday as investors stuck to their views of the expected timing of Federal Reserve monetary easing this year.

Crypto industry urges lawmakers to support FIT21 bill

Cryptocurrency industry participants have rallied behind the Financial Innovation and Technology for the 21st Century Act, wi -More- 

Now Get Mahindra Thar In New Deep Forest Green Colour Option; Check Features And Other Details

The Mahindra Thar Deep Forest Green colour option offers three engine choices. The first is a 2-litre turbo-petrol engine delivering 152 PS and 300 Nm of torque.  

Startup creates diamond battery powered by nuclear waste

Nano Diamond Battery has developed a battery based on nuclear waste that is supposed to last 28,000 years.  -More- 

Microsoft enhances ‘Copilot’ in race to create AI-powered assistants

Big Tech in battle over AI agents that can autonomously complete tasks for workers

Atomic could send his rivals Packing

BANK on trainer Danny Shum to have a change of fortune at Happy Valley in Hong Kong, when the city track hosts a nine-race programme starting at 11.40am on Wednesday. 63-year-old Shum has been one of the most consistent performers in the territory over the past 20 years, training over 800 ...

Underground geothermal plant may power Ft. Bliss in Texas

Sage Geosystems will be assessing the potential of using a subterranean power storage system capturing solar and wind energy  -More- 

Cheez-It fans got ready for cheese-a-delic road trip

For this week only, the Cheez-In Diner in Woodstock, NY, will offer a unique dining experience with a menu centered around th -More- 

Liquid Death is giving one lucky fan a jet. No, really

Another beverage brand joked about doing this in the 1990s. Liquid Death promises this is the real deal.

ASML and TSMC can disable chip machines if China invades Taiwan

ASML Holding NV and Taiwan Semiconductor Manufacturing Co. have strategies in place to deactivate the most advanced chipmaking machines globally if China were to invade Taiwan. This information comes from sources familiar with the situation. According to individuals speaking on the condition ...

KTM 'Silently' Launched Two New Bikes, TVS Apache RTR 200 4V Rival; Check Details

The KTM 250 Duke is powered by a 249.07cc, single-cylinder, liquid-cooled, EFI engine, delivering a maximum power of 31PS and a peak torque of 25Nm. 

Keysight Technologies, Nordson fall; Eli Lilly, Lam Research rise, Tuesday, 5/21/2024

Stocks that are trading heavily or have substantial price changes on Tuesday: Keysight Technologies, Nordson fall; Eli Lilly, Lam Research rise.

England can ‘absolutely’ win Euro 2024, says Southgate after naming training squad

There is no place for seasoned internationals Marcus Rashford, Raheem Sterling, Jordan Henderson and Eric Dier.

McLaren pays tribute to Senna with F1 livery and custom supercar

A unique F1 livery for the Monaco Grand Prix and a hand-painted McLaren Senna supercar mark the 30th anniversary of Ayrton Senna's death.

What not to wear at the Chelsea Flower Show

Wear anything you like to the Chelsea Flower Show but three No-Nos will save you from silent disapproval and arched eyebrows.

Comic Relief USA taps into childhood nostalgia for Red Nose Day campaign

Beyond the signature red nose, Childhood Dreamstakes uses nostalgic experiences to incentivize donations.

Online car dealer Cazoo falls into administration

As Cazoo files for administration, we look at the rise and fall of the online used car dealer.

Volatility reaches 5-year low as oil prices drop

Oil price volatility has fallen to 2019 levels as the June OPEC meeting approaches.  -More- 

Weatherford, Honeywell partner on emissions management

Weatherford International and Honeywell plan to partner to create an emissions management system for oil and gas companies th -More- 

Scale becoming a priority in shale sector, analyst says

The US shale industry is entering a new chapter that is likely to be characterized by a greater focus on scale as companies s -More- 

2024 COS Forum, Sept. 26, Houston, Texas

Please join the Center for Offshore Safety at its Twelfth Annual COS Forum.  -More- 

Children top up pocket money with extra work

Doing housework and developing side hustles is helping kids top up pocket money, a report claims.

Rent Is Harder to Handle and Inflation Is a Burden, a Fed Financial Survey Finds

The Federal Reserve’s 2023 survey on household financial well-being found Americans excelling in the job market but struggling with prices.

Donald Trump’s Wealth Now Hinges on Trump Media

Mr. Trump has treated Trump Media, which runs his social network Truth Social, as a low-cost sideshow. Now a big portion of his wealth hinges on its success.

SolComms names Jacolyn Gleason first head of client services

Gleason joins SolComms after more than a decade at 5W Public Relations, most recently as SVP.

Georgia's auto port has its busiest month ever after taking 9,000 imports diverted from Baltimore

The Georgia Ports Authority says a surge of auto imports rerouted from Baltimore led to its busiest month ever for car and truck shipments. The Georgia agency's chief executive said Tuesday that the Port of Brunswick saw more than 80,000 automobiles and heavy machinery units move across its ...

Premiership gets shot in arm as league attendances grow for most

Premiership Rugby has received a welcome shot in the arm after the average match attendance across the league grew by almost 300. Excluding one-off matches at the likes of Twickenham and Tottenham Hotspur Stadium, the average attendance for regular home games – according to crowd data ...

Grant Thornton cutting 350 jobs ahead of private equity sale

Grant Thornton is cutting roughly 350 employees, or around 3.5% of its US workforce, in its latest round of layoffs.  -More- 

How to minimize employee stress during relocations

Corporate relocations can be a necessary disruption, but they can be handled in a way that reduces employees' stress and help -More- 

How Amazon created a financial wellness benefit

In response to employees' money-related stress, Amazon created a financial health team in 2022 to help employees deal with sh -More- 

Pixar Will Lay Off Workers and Stop Making Shows for Disney+

The animation studio, which has struggled over the past few years, will stop making original shows for Disney+.

Forget looks, make the pitch deck about your business

Don't worry about images, fonts or slide titles in your pitch deck, and instead spend more time on your execution plan and ma -More- 

Marketers: AI, generative AI have highest ROI potential

Sixty percent of the marketing professionals responding to a study prepared by the CMO Council and Zeta Global Holdings Corpo -More- 

Vadream the value with rain likely to turn Haydock soft

WE WERE caught out by the ever-changeable weather last week, as the predicted rain never arrived leaving Newbury’s ground on the quick side for Lockinge Day, which was never going to be any good for our soft ground favouring selections. With the weather so tough to predict at the moment, ...

Channon’s Lad could be hard to pass in Brigadier Gerard

THURSDAY night’s Brigadier Gerard card might lack a genuine showstopper, but there are some talents worth keeping an eye on. Hawaiian looks a potential Royal Ascot juvenile for Richard Hannon and will be hard to beat in the National Stakes (6.37pm), but at his likely short odds, he’s not ...

Pennon £127mn dividend draws political criticism after parasite outbreak

Move by owner of South West Water comes as companies want to raise bills by as much as 91%

ASX set to rise as Wall Street edges up

US stocks are drifting around their record levels as Wall Street looks to be headed for another quiet day of trading.

AI Tupac and the murky legality of digital necromancy

With a few clicks of AI software, anyone can conjure the voice or visual likeness of a dead celebrity — or really anyone. This new world has opened up a bunch of new legal questions about the rights of people and their heirs to control digital replicas of themselves. Today on the show, how ...

C. Gordon Bell, Creator of a Personal Computer Prototype, Dies at 89

It cost $18,000 when it was introduced in 1965, but it bridged the world between room-size mainframes and the modern desktop.

Microplastics slow descent of carbon-sequestering phytoplankton

Phytoplankton, which plays a role in sequestering carbon when they turn into "marine snow" after they die, become more buoyan -More- 

EU deems cement carbon-capture project key to climate

The European Commission has identified a cement carbon-capture project by the CCS Baltic Consortium as a project of common in -More- 

CFTC investigates greenwashing in carbon markets

The Commodity Futures Trading Commission is probing potential greenwashing in voluntary carbon markets under its Environmenta -More- 

Mauricio Pochettino exits Chelsea Football Club

US owners part ways with third manager in two years since buying Premier League team from Roman Abramovich

‘Ivan the Terrible’: Wall Street’s poster boy of greed

Ivan Boesky, who had fame and fortune as a Wall Street high-flyer only to be exposed as a cheat, was believed to have been the model for the character of Gordon Gekko.

Federal jury rules against couple who sued Arkansas steakhouse over social-distancing brawl

A federal jury has ruled against a Black couple who sued a Little Rock steakhouse over a fight the couple had with white customers who weren't wearing masks and stood too close during the COVID-19 pandemic. The jury on Monday found no negligence or racial discrimination by Saltgrass Steakhouse, ...

'First' as PM set to join Pride

Prime Minister Srettha Thavisin confirmed his participation in Bangkok Pride Festival 2024, marking the first time the country's premier has joined the parade, despite security concerns after a warning was issued by the US Federal Bureau of Investigation and Department of Homeland Security.

Israel's block of AP transmission shows how ambiguity in law could restrict war coverage

The shutdown and seizure by Israel of an Associated Press video camera that provided a live glimpse into Gaza raised concerns about how a new media law could be used to restrict war coverage. Israel returned AP's equipment as international pressure mounted, but it didn't ease concerns about its ...

Kia, Hyundai owners can get free anti-theft upgrade this weekend

Sour Patch Kids Oreos? Peeps Pepsi? What's behind the weird flavors popping up on store shelves

Van Leeuwen Ice Cream usually draws customers with gourmet takes on classics like vanilla and pistachio. But occasionally, the artisanal ice cream maker headquartered in New York slips…

Cassava exports in Q1 suffer 16.4% decline

Thai exports of cassava and cassava products decreased by 16.4% year-on-year in the first quarter, as cassava chip output declined.

Red, white and blooey? Demolition begins on Thompson Center exterior

Healthy Paws Pet Insurance review: Pros, cons, and pricing

Healthy Paws is a good option for pet parents looking for unlimited coverage and a fast claims process. Learn more in our Healthy Paws review.

Biden releasing 1 million barrels of gasoline from northeast reserve in bid to lower prices at pump

The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a northeast reserve established after Superstorm Sandy in a bid to lower prices at…

Donald Trump's campaign says it will begin accepting contributions through cryptocurrency

Donald Trump’s presidential campaign will begin accepting donations in cryptocurrency, the presumptive Republican presidential nominee’s campaign says. The Trump campaign launched a fundraising page Tuesday that allows “any federally permissible donor the ability to give” to its ...

Maker of popular weedkiller amplifies fight against cancer-related lawsuits

The maker of a popular weedkiller is planning to amplify its push for legal protection against lawsuits claiming it failed to warn the product could cause cancer. Chemical giant Bayer backed legislation to provide legal protections this year in Missouri, Iowa and Idaho. The bills failed. But ...

Songkhla operators push for legal casino near the border

Tourism operators in Songkhla have called on the government to consider building an entertainment complex with a legal casino in their province to address sluggish tourism in border areas and avoid overdependence on Malaysian tourists.

Agency campaign highlights central Thailand attractions

The Tourism Authority of Thailand (TAT) is preparing to promote the central region, with flights connecting to the South and the Northeast, targeting tourism revenue for the region of 465 billion baht this year.

Heavy storms and prolonged rainfall on the rise in UK and Ireland, study shows

Farmers nurse losses of £1bn after climate change triggers floods and devastates crops

Petrochemical company fined more than $30 million for 2019 explosions near Houston

A Texas petrochemical company has pleaded guilty to a violation of the Clean Air Act and agreed to pay more than $30 million in connection with two explosions that injured workers and caused the evacuation of thousands. The U.S. Justice Department announced the plea on Tuesday. Two explosions ...

Attracting the next generation of inheritors and self-made wealthy

Winning young clients is critical to future success for private banks and wealth managers

Ethereum spot ETF approval odds increase as crypto voters influence US election

Before Monday, the hopes of Ethereum’s US spot Exchange Traded Fund (ETF) approval seemed slim. Bloomberg ETF Analysts, such as Eric Balchunas and James Seyffart, had put the probability of approval at around 25%.

China's durian prices drop as Vietnam fills Thai supply gap

Durian prices in China - the world's top market for the spiky, pungent fruit typically regarded as a luxury item - have fallen this month as Vietnam gains on Thailand in a heated export rivalry and consumers mind their budgets.

BT fined millions for failing to give customers contract information

BT refeused to make the changes even after it was told to by the regulator.

SSE profit and earnings per share drop despite Dogger Bank launch

Scottish Energy giant SSE saw its operating profit and earnings per share fall within its guidance in its full year results.

Blow for Jeremy Hunt’s tax cut hopes as borrowing beats expectations in April

Economists closely watch the borrowing figures for any indications of how much fiscal space the Conservatives will have to cut taxes ahead of an election later this year.

Foreign investors updated on regulations

The Department of Business Development invited diplomats and representatives of international organisations in Thailand to attend a briefing on foreign investment under the Foreign Business Act (FBA) of 1999.

Brits lost more than £1bn to fraudsters last year as purchase scams hit record high

Brits lost more than £1bn to fraudsters last year, new figures show, as purchase scams surge to a new record and social media firms face tough questions over the high levels of fraud originating on their platforms.

Labour’s new towns plan is not the answer to the housing crisis

Solving the housing crisis means building near where people want to live, not creating white elephants in the middle of nowhere, says Ben Hopkinson Angela Rayner yesterday announced Labour’s plans for the next generation of new towns. Labour are planning to build these developments with high ...

US retailers trim prices as shoppers show signs of inflation fatigue

Analysts see Target and Walmart setting a new tone for the sector after years of increases

UniCredit chief Orcel backs French president’s call for bank deals

Executives at European lenders have long called for consolidation to compete with US and Asia rivals

Rush of fund manager interest drives metals prices to fresh highs

Hedge funds and other traders close negative bets and add to bullish positions

South Africa blackout crisis is ‘fixed’, says Eskom

Chair of state-owned utility makes claim about frequent outages days ahead of crucial vote for ruling ANC

Starwood’s woes betray the frailties of private capital vehicles

Spike in interest rates and office values crashing means property funds have rattled antsy holders

How Philips is designing for the patients and physicians of the future

Teenagers help the company rethink care and identify technologies that can improve the patient experience

Traders brace for big swings in Nvidia shares

Chipmaker’s first-quarter results seen as crucial to direction of wider markets

Why the prospect of a Shein London listing is dividing the City

Shein's plans to reportedly float on the London Stock Exchange have been seen as a welcome boost in some quarters. But the Chinese founded fast-fashion giant is posing difficult questions for the City, writes Charlie Conchie

Using AI, Mastercard expects to find compromised cards quicker, before they get used by criminals

Mastercard says it expects to be able to discover that your credit or debit card number has been compromised well before it ends up in the hands of a cybercriminal. In its latest software update rolling out this week, Mastercard is integrating artificial intelligence into its fraud-prediction ...

King River continues NT copper-gold hunt after rain delay

The heavens have finally closed over Tennant Creek and King River Resources has declared itself open for drilling business at its project in the Top End.

England embrace worthwhile preparation ahead of T20 World Cup defence

Often when one thinks of a major tournament and what it takes for a team to win it, buzzwords like preparation and marginal gains come to mind. Coaching gurus often hail the perfect pre-tournament environment as key to their successes. England’s apparent lack of preparation has widely been ...

Paytm Q4 FY24 Loss Widens To Rs 550 Crore

The revenue from operations of Paytm declined 2.8 per cent to Rs 2,267.1 during the reported quarter from Rs 2,464.6 crore in the corresponding quarter of the financial year 2023.

Manchester bombing anniversary is a reminder to never take security for granted

Seven years on from the Manchester Arena bombing, the risk landscape has dramatically shifted. So it’s right that venues must do more to protect themselves from terror threats, says Tom Clementi Today marks the anniversary of the Manchester Arena attack in 2017, a senseless terrorist bombing ...

Inflation falls sharply - now just above the Bank of England's target

The rate of price rises has dropped to 2.3% in April - the lowest in nearly three years and closer to the Bank of England's target, according to official data.

Lendlease chairman’s exit won’t be enough for angry investors

Many feel that the board has instead just engaged in a bit of tinkering – a lick of paint and some landscaping.

Marks and Spencer smashes analyst expectations, but Ocado venture remains ‘disappointing’

Marks and Spencer has beaten analysts' expectations, posting a 58 per cent jump in profit before tax for the full year, as chief Stuart Machin reaps the benefits of the high street darling's turnaround plans. 

Inflation ahead of expectations in blow for June interest rate cut hopes

At the Bank of England's last meeting earlier this month, policymakers confirmed that they were considering cutting interest rates.

UK inflation falls to 2.3%, lowest level in nearly 3 years but still above Bank of England's target

Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills. The Office for National Statistics said Wednesday that inflation, as measured by the consumer prices index, fell to 2.3% in the year to April, down from 3.2% ...

Asian shares edge lower after Wall Street sets more records

Asian markets were mostly lower in cautious trading on Wednesday after U.S. stocks hit new record highs. U.S. futures and oil prices slipped. Tokyo’s Nikkei 225 fell 0.9%…

British Land: Shift away from shopping centres helps deliver full year growth

British Land said its strategy of shifting its focus away from assets such as shopping centres is “delivering”, as it posts modest growth in the full year. 

U.K. Inflation Falls to 2.3 Percent, Lowest in Three Years

The decline, which was less than economists expected, is nearing the Bank of England’s 2 percent target.

Nine boss says he won’t tolerate bad behaviour following media reports

Nine CEO Mike Sneesby reminded staff of the media group’s complaints and whistleblower policies following reports of misconduct by a long-time senior executive.

Government: Don’t panic! But do stock up on water, wet wipes and Spam.

The government is to warn that Brits are lacking in their preparedness for an emergency - telling people to stockpile

UK primary school children should have better financial literacy education, say MPs

Calls for review of current maths curriculum to expand ‘the provision and relevance’ of financial education

Unforgotten season 6 maker enjoys bumper year ahead of popular ITV show’s return

The television studio owned by ITV behind the latest series of popular detective drama Unforgotten enjoyed a bumper 2023 with its revenue rising to its highest level for eight years.

Fraud Trial to Begin for Chinese Billionaire Who Allied Himself With America’s Right

Charged with defrauding thousands of investors in the U.S. and overseas of more than $1 billion, Guo Wengui could face decades in prison.

Why Gen Z College Students Are Seeking Tech and Finance Jobs

Many of Harvard’s Generation Z say “sellout” is not an insult.

A big survey asked Americans about their finances. Here are some trouble spots

A new report from the Fed shows little change in family finances over the last year, but rising prices remain a big worry. And parents of children under the age of 18 feel worse off than a year ago.

SpiceJet To Seek Refund Of Rs 450 Cr From Kalanithi Maran After Delhi HC Ruling

SpiceJet has announced plans to seek a refund of Rs 450 crore from former promoter Kalanithi Maran and his firm, KAL Airways.

Ex-Post Office boss Paula Vennells sorry for suffering of sub-postmasters

The former CEO issues an apology at the start of three days of questioning and says her answers "will be difficult to listen to".

Power of sanctions: Russians are abandoning their beloved London courts

There has been a dramatic drop over the past year of Russian businesses and individuals using London’s Commercial Court

Buddha Purnima Bank Holiday 2024: Banks closed in these cities on May 23 - check list

Banks in several states will be closed on Thursday, May 23, due to Buddha Purnima as per the Reserve Bank of India's holiday list. Individuals can utilize digital banking services for simplified financial management on bank holidays.

This economic data is bad news for the Conservatives

Despite what Rishi Sunak and Jeremy Hunt say, this morning's economic data provided two rounds of bad news which will throw a spanner into the Tories electoral strategy.

Oaktree Capital seizes Italian football giants Inter Milan over unpaid debt of £335m

Suning’s debt relates to a loan of €270m taken out in 2021, which has accrued interest at 12 per cent and was due for repayment on Tuesday.

British Land seeks new investor for Citadel’s London tower

Landlord wants to bring in additional investment for Broadgate development

Sir David Clementi: King’s Cross chief ends 16-year stint before Google move-in

City grandee and former BBC chair Sir David Clementi will step down as head of King's Cross Central, marking the end of a 16 year stint at the company.

Mercedes-Benz Launches AMG S 63 E Performance and Maybach GLS 600 In India; Check Performance And Specifications

Mercedes-Benz has introduced two new luxury models to the Indian market: the AMG S 63 E Performance and the Maybach GLS 600.  

Singapore pledges ‘thorough investigation’ into turbulence-hit flight

Members of Transport Safety Investigation Bureau sent to Bangkok to probe incident

US Congressional report on Uyghur labour exposes shareholder risk

Also in today’s newsletter, four takeaways on the global state of carbon pricing

At international energy conference, delegates push to make clean cooking accessible to all

Discussions on how to scale up resources to deliver efficient and affordable clean cooking to all are on the table at the 9th Annual Global Conference on Energy Efficiency by the International Energy Agency. The forum brings together ministers, CEOs and thought leaders from around the world ...

First UK crypto ETPs to launch on May 28

Regulator’s ruling means WisdomTree and 21Shares bitcoin and ether products will be off limits to retail investors

Chinese sovereign bond trading suspended after frantic retail buying

Small investors hunting for haven assets take advantage of easier access to special 30-year debt

Jammie Dodgers, Wagon Wheels and Party Rings maker cuts losses

The group behind brands such as Jammie Dodgers, Wagon Wheels and Party Rings cut its losses as its revenue neared £600m.

Edmunds: The Four Best Auto Deals for Memorial Day Weekend

Memorial Day weekend is often considered to be the kick-start to summer and, for car shoppers looking for the best finance and lease deals, a great opportunity to take advantage of a marketplace finally returning to normalcy. Edmunds’ experts have noted a gradual return to a pre-pandemic ...

Ghost Ship producer Adnams reports bigger loss amid question mark over its future

Adnams has been struggling despite the fact its beers have been taking off around the country.

Buddha Purnima Holiday: Banks To Remain Closed In THESE Cities & States On May 23

Even though the banks will be closed digital banking services will remain available in these states.

Oaktree seizes control of Inter Milan after Chinese owner fails to repay loan

Los Angeles-based investment firm made loan to Italian club’s owners in 2021

Buy-now, pay-later returns and disputes are about to get federal oversight

The Consumer Financial Protection Bureau is requiring buy-now, pay-later lenders to provide the same protections to shoppers as credit card companies do.

RBI approves Rs 2.11 lakh crore dividend payout to govt for 2023-24

Morning news brief

Norway, Ireland and Spain recognize a Palestinian state. Lawyers for former President Trump are in a Florida court Wednesday. Ascension health care systems deals with fallout from ransomware attack.

India To Gain As Global Oil Prices Decline Despite Geopolitical Tensions

Russia has now emerged as the largest supplier of crude oil to India replacing Iraq and Saudi Arabia which occupied the top slot earlier. 

Gut-health supplement maker Symprove plots £250m sale

Symprove, a leading manufacturer of probiotic supplements, is being groomed for a sale that is expected to fetch at least £250m.

Volvere pays tribute to late CEO as Shire Foods owner returns to the black

One year after losing its founder to cancer, turn-around investment firm Volvere has announced net profits of more than £2.7m, returning to the black.

Could the Bank of England still cut rates in June after poor inflation figures?

Although Rishi Sunak jumped on the airwaves to proclaim inflation was "back to normal", markets seemed less convinced.

Anglo shareholder PIC demands ‘meaningful revision’ to BHP bid

Last-minute intervention from miner’s second-largest investor comes hours before offer deadline

Mining mega-merger in doubt as clock ticks down on BHP’s Anglo American offensive

The clock is counting down on BHP’s takeover swoop for Anglo American today as the Australian miner is left with just hours to table an improved offer or walk away.

Coventry Building Society races to finalise £780m Co-operative Bank deal

The Coventry Building Society is racing to finalise a £780m takeover of the Co-operative Bank that would catapult the mutual into the ranks of Britain's biggest high street lenders.

Meta AI chief says large language models will not reach human intelligence

Yann LeCun argues current AI methods are flawed as he pushes for ‘world modelling’ vision for superintelligence

UK watchdog looking into Microsoft AI taking screenshots

The ICO wants to know the safeguards around Recall, which can take screengrabs of your screen every few seconds.

BDO picks Mark Shaw as next managing partner as firm eyes £1bn target

Shaw was chosen following a vote by the firm’s equity partners, and is set to take over the leadership position from 1 October 2024.

News24 Business | PIC says BHP's Anglo offer requires meaningful revision

The PIC's clarification of its position comes just hours ahead of a deadline for BHP to submit a binding takeover offer to Anglo's board.

Anonymous gifts are common. But a climate group says a $10 million gift it got is an all-out mystery

A climate philanthropy organization, Giving Green, received a $10 million anonymous donation in April and thinks that the same donor may have given even more. Giving Green researches and recommends donating to a handful of nonprofits they think have the potential to make a significant ...

Former Republican presidential candidate Vivek Ramaswamy takes a 7.7% stake in Buzzfeed

Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in Buzzfeed. Shares of the company are rocketing higher before the opening bell Wednesday. Ramaswamy acquired a 7.7% stake in Buzzfeed, according to a filing with the Securities and ...

Inflation setback complicates Bank of England’s next rates decision

Price rises in critical indicator of services sector slipped only marginally in April

Capital One: Higher loans helped revenue and profit surge

Higher loans helped Capital One's revenue jump by £100m and profits surge at its European arm in 2023, it has been revealed.

News24 Business | Breast cancer now represents almost 25% of all Liberty cancer claims

Cancer was the leading cause of claims followed by cardiac and cardiovascular diseases and disorders, respiratory disorders, strokes and traumatic injuries.

Anglo American extends deadline for BHP takeover after rejecting improved bid

UK-listed miner says it will give an extra week for Australian rival to submit final proposal

Why this M&S turnaround should finally stick

A new stores format and better supply chain have helped the retailer achieve consistent sales growth

Families of Uvalde school shooting victims plan announcement ahead of second anniversary

The families of 19 of the victims in the Uvalde elementary school shooting in Texas have scheduled a news conference ahead of the upcoming second anniversary of one of the deadliest school shootings in U.S. history. The news conference is planned for Wednesday. The attack at Robb Elementary ...

In France, your mail can smell like a fresh baguette

Mail in France has become a bit more aromatic with the introduction of a scratch-and-sniff stamp that uses microcapsules to e -More- 

Nvidia to release earnings as AI demand continues unabated

Rival computer chip makers are racing to catch up but Nvidia still holds a leading edge in powering the artificial intelligence boom as it prepares to release its latest financial results Wednesday. Demand for generative AI products that can compose documents, make images and serve ...

The 15 minutes on a Citi trading desk that sparked a flash crash

On a public holiday in the UK, when the markets were expected to be calm, a significant trading error occurred at Citigroup. A trader on the Delta One desk attempted to manually hedge the bank's exposure to the MSCI World Index. In the process, the trader mistakenly entered a figure intended ...

Bradley Cooper-backed caregiving documentary gets support from Otsuka

Otsuka is backing a documentary about caregivers for family members living with dementia and Alzheimer’s disease.

Startup India: Motivational Speaker Dr Vivek Bindra To Help 100 MSMEs To Become IPO-Listed

A stronger startup ecosystem also favours the country. Union Minister Hardeep Singh Puri said on May 20 that India can achieve the 'Viksit Bharat' status even before 2047 with the help of a robust startup ecosystem.

No More Driving Test At RTO? Know Everything about New Driving Licence Rules

Starting June 1, 2024, the Ministry of Road Transport and Highways has introduced new regulations aimed at simplifying the process of obtaining a driving licence. 

Fed's Waller: More evidence needed to lower rates

Additional interest-rate hikes will probably not be needed to control inflation, but Federal Reserve Governor Christopher Wal -More- 

Lagarde raises prospect of ECB rate cut next month

A rate cut from the European Central Bank is possible next month, President Christine Lagarde has said.  -More- 

UniCredit's Orcel backs EU bank consolidation

UniCredit CEO Andrea Orcel has supported French President Emmanuel Macron's calls for consolidation of Europe's banking secto -More- 

BNY: Treasury duration grab could pose challenges

Investors have been purchasing longer-dated US Treasurys, which could be a problem if bearish views on interest rates lead to -More- 

It genuinely feels as though M&S has turned a corner - here's why

It's difficult not to be impressed by today's annual results from Marks & Spencer (M&S).

Is Keir Starmer ready for government?

If the pledge card Keir Starmer launched last week is anything to go by, the still doesn’t know what it will actually deliver if it gets elected, says Will Cooling Last week Sir Keir Starmer put Labour’s election campaign on a new footing when he launched his pledge card. This attracted ...

Japan’s Norinchukin plans capital raise after higher rates hit bond holdings

Lender to Japan’s agricultural sector caught out by higher interest rates

China sanctions US defense-related companies and executives over Russia, Taiwan

China has sanctioned 12 defense-related U.S. companies and 10 executives over arms sales to Taiwan and to retaliate for earlier American sanctions on Chinese companies tied to Russia. The entities include units of Lockheed Martin, Raytheon and General Dynamics. Senior executives of Northrop ...

2024 Spring Refining and Equipment Standards Meeting, May 20-24, St. Louis, Mo.

The Refining and Equipment Standards Meeting remains an invaluable opportunity to be a part of how the U.S.  -More- 

API eLearning Training Course | API 510 Inspection Series

Based on the 10th edition of API 510, this 9-module eLearning course trains you on the general knowledge necessary to be an A -More- 

US Solar Fund survives vote to kill trust

In the trust's annual general meeting yesterday, 35.4 per cent of investors voted for it to wrap up.

Cinema giant Vue to name former Kwik Fit boss as new chair

A former boss of Kwik Fit will be named this week as the next chairman of Vue, Europe’s biggest privately owned cinema operator.

U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices

Sales of previously occupied U.S. homes sank last month, pushed down by high mortgage rates and rising prices. The National Association of Realtors reported Wednesday that existing home sales fell 1.9% to a seasonally adjusted annual rate of 4.14 million from a revised 4.22 million in March. ...

Dumping oil at sea leads to $2 million fine for shipping companies

Two shipping companies agreed to pay $2 million in penalties after pleading guilty to federal charges related to the dumping of oil in the Atlantic Ocean by a ship bound for New Orleans. Prive Overseas Marine LLC and a related shipping corporation owned by the same holding company pleaded ...

Paula Vennells: Former Post Office chief denies she ‘ironed away disturbing complaints’

Former chief executive Paula Vennells has denied the Post Office used methods to “iron away” some “very disturbing complaints”.

Why this year’s London Tech Week looks set to be the biggest ever

During London Tech Week, speakers from the government and across industry will focus on the topics du jour, such as the UK's AI ambitions.

Accountancy sector experiences skills shortage as the industry faces turbulent times

The accountancy sector is facing a skills crisis as firms reveal talent has plummeted, with leaders blaming competition from other industries

Anglo American rejects new £39bn BHP bid but parties seek deal resolution in the ‘next seven days’

BHP has tabled a final £38bn offer for London-listed rival Anglo American as a deadline on a potential takeover closes this afternoon.

BDO underdog wins race to lead UK’s fifth-largest accounting firm

Head of business restructuring, Mark Shaw, elected new managing partner

Which corporate fixed deposits offer highest interest rates? Check list of 10 corporate FDs

Corporate fixed deposits, also known as corporate FDs, are term deposits with fixed interest rates held for a predetermined period, primarily issued by Non-Banking Financial Corporations (NBFCs) and Housing Finance Companies (HFCs).

ITV takes stake in online estate agent Purplebricks

Move by British broadcaster is latest to swap advertising for equity

Election 2024: Five reasons the Prime Minister is going to the country

Election rumours are spreading like wildfire around Westminster - here's why Rishi Sunak might think it makes sense

Target, Lululemon fall; Petco, Dycom rise, Wednesday, 5/22/2024

Stocks that are trading heavily or have substantial price changes on Wednesday: Target, Lululemon fall; Petco, Dycom.

News24 Business | Business brief | Reunert gets defence boost; Citigroup hit for R1.4bn over 'fat finger' trades

An overview of the biggest business developments in SA and beyond.

Marcellus Shale in Pa. may be potential source of lithium

It may be possible to extract battery-grade lithium from produced water originating at the Marcellus Shale in Pennsylvania, a -More- 

Election campaign to derail multibillion NatWest retail offer

Plans for a multibillion pound mass market sale of the government’s stake in NatWest Group have been derailed by Rishi Sunak’s decision to call a summer general election.

Record-setting growth underway for CCS

The US saw 73 new carbon capture and storage facilities put on a path to deployment in 2023, with top applications including  -More- 

Shanghai meeting paves way for more investment

Thai trade representative Narumon Pinyosinwat discussed avenues for trade and investment between Thailand and Shanghai during a meting on Wednesday in the Chinese city with Zhao Zhuping, deputy secretary-general of the municipal government.

Fed officials await further disinflation before rate cuts

Loretta Mester and Susan Collins, presidents of the Federal Reserve banks of Cleveland and Boston, respectively, have indicat -More- 

SEC reportedly seeks amendment of spot ether ETF filings

The Securities and Exchange Commission reportedly has asked exchanges to amend applications for spot ether exchange-traded fu -More- 

The ISDA/SIFMA Treasury Forum: June 5, NYC

The US Securities and Exchange Commission has finalized rules that will require the clearing of certain US Treasury securitie -More- 

Dodd-Frank and expanded SEC authority over investment advisers: A step back

In 2023, the Securities and Exchange Commission proposed an overhaul of custody requirements for investment advisers that rel -More- 

European Space Agency aims for own version of SpaceX

Body awards contracts to 2 companies to develop cargo services to International Space Station

Microsoft chief: UK tech sector must ‘act assertively’ to stay ahead of global rivals

Microsoft's UK boss has urged the nation's tech sector to "act assertively" and embrace artificial intelligence technology in order for the UK to stay ahead of international competition.

Prime Minister Rishi Sunak to name 4 July as date for General Election

As the press gathered at London's most famous front door, Sky News said it understood the speculation about an election was correct.

Virgin Money shareholders approve £2.9bn Nationwide takeover

Virgin Money shareholders have given the green light for the bank to be acquired by Nationwide for £2.9bn, paving the way for the UK's biggest banking merger since the financial crisis.

Brit Billy Harris one match away from Roland Garros main draw

Briton Billy Harris will tomorrow take on Valentin Vacherot for a place in the French Open main draw after his astonishing run continued yesterday. The 29-year-old, who won his first ever ATP Tour match at the age of 28, toppled Frenchman Manuel Guinard to leave him within one match of Roland ...

Indigo Airlines Issues Travel Advisory For Goa Flights Amid Runway Closure; Check Your Flight Status

Indigo Airlines has issued a travel advisory for passengers flying to and from Goa's Manohar International Airport (GOX/MOPA) due to temporary runway unavailability.  

1M barrels of gasoline to be released by DOE

The plan to sell 1 million barrels of gasoline from the Northeast Gasoline Supply Reserve announced recently by the Departmen -More- 

Plastics-to-products microfactory arrives in Ariz.

Arizona State University, the city of Phoenix, Goodwill of Central and Northern Arizona and Hustle PHX have opened a microfac -More- 

‘Do whatever it takes to get the cash’: star witness testifies at Archegos trial

Former chief risk officer at Bill Hwang’s family office tells of pressure and lies during testimony

How major US stock indexes fared Wednesday, 5/22/2024

U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market. The S&P 500 fell 0.3% and the Nasdaq composite slipped 0.2% Wednesday, a day after both set all-time highs. The Dow Jones Industrial Average lost 0.5%. Indexes had been close to flat ...

Nvidia’s revenue beats high expectations as AI chip demand climbs

Chipmaker also announces a 10-for-1 stock split after blistering share price rally since start of the year

OpenAI Strikes a Deal to License News Corp Content

The deal gives OpenAI’s chatbots access to new and archived material from The Wall Street Journal, The New York Post, MarketWatch and Barron’s, among others.

Sam Bankman-Fried, FTX Founder, Transferred From Brooklyn Jail

The FTX founder’s final destination wasn’t clear, but Mr. Bankman-Fried has told people close to him that he expected to be moved to a facility in Mendota, Calif.

Wednesday evening news briefing: Drenched Sunak calls general election

NatWest share sale thrown into doubt by July election

British government had planned to launch mass campaign to retail investors as early as this summer

Bond traders increase Treasury short positions

Swaps traders are pricing in 40 basis points of US rate cuts by the end of 2024, and expect the first one in November.  -More- 

FASB considers defining pervasive non-GAAP metrics

The Financial Accountings Standards Board is set to solicit public comments on whether the standard-setters should define com -More- 

Report: Requests for paid time off rise 9%

A global BambooHR report found employees' requests for paid time off increased 9% over the past year ending in April, with Eu -More- 

Does your company culture focus on learning?

Create a workplace learning culture by fitting learning into the daily flow of work, encouraging employees to collaborate wit -More- 

Startup megadeals up over 50% this year

Megadeal rounds for US startups of more than $100 million are up 58% year-over-year so far in 2024 with 115 rounds.  -More- 

The IPO market looks very enticing, CEO says

Navan CEO Ariel Cohen says that his online travel management startup could complete an initial public offering this year.  -More- 

Rise of nap pods signals a return to hustle culture

Hustle culture among startups is returning and companies are installing nap pods to support employees.  -More- 

Top Apple exec acknowledges shortcomings in effort to bring competition in iPhone app payments

Longtime Apple executive Phil Schiller on Wednesday acknowledged a court-ordered makeover of the U.S. payment system in its iPhone app store hasn’t done much to increase competition — a shortcoming that could result in a federal judge demanding more changes. Schiller, who has overseen ...

Nashville council rejects proposed sign for Morgan Wallen's new bar, decrying his behavior

Nashville councilmembers have rejected a plan to erect a glowing sign at Morgan Wallen’s new bar along a neon-lit strip of honky tonks in the city's downtown. The council voted 30-3 on Tuesday against the idea. That came after members decried Wallen's use of a racial slur publicized in 2021 ...

Alert: Nvidia's results top Wall Street estimates as profit soars, bolstering its dominance in chips fueling the AI boom

Nvidia's results top Wall Street estimates as profit soars, bolstering its dominance in chips fueling the AI boom.

Cybersecurity labeling for smart devices aims to help people choose items less likely to be hacked

Smart devices like baby monitors, fitness trackers and internet-connected appliances will soon be eligible for labels certifying that they meet federal cybersecurity standards. Federal officials said Wednesday that the first “Cyber Trust” labels could appear in time for the holiday shopping ...

The fundamental defence Paula Vennells has deployed at the Post Office inquiry

Paula Vennells arrived at the Post Office public inquiry a former chief executive, a former Church of England lay preacher and an ex-CBE, with only her reputation, and perhaps her liberty, left to defend.

High-yield bonds draw inflows as markets rally

Investors have poured $3.7 billion into high-yield bond funds this year as a broader market rally spreads to the sector, Refi -More- 

Shareholder proposals seek corporate lobbying transparency

Shareholder proposals seeking transparency related to corporate lobbying and political spending have been gaining traction re -More- 

Futures market speculation driving metals price surge

Futures market traders speculation has sent metal prices to all-time highs as funds look to hedge against inflation and prepa -More- 

Don't call the "COP," just stop using this office jargon

Excessive use of jargon such as "boil the ocean" (a complicated way to say don't overcomplicate things), "idea shower" (brain -More- 

Want to keep employees? Write great job descriptions

Your employees -- especially those in management -- are more likely to stay put when their job inspires them, connects them t -More- 

ASX set for sharp losses as Wall Street falls on Fed minutes

US stock indexes are pulling back from their records as concerns about high interest rates add pressure on the market.

A Michigan farmworker is diagnosed with bird flu in 2nd U.S. case tied to dairy cows

The Michigan dairy worker had mild eye symptoms from the infection and has recovered, health officials said. The worker had been in contact with cows presumed to be infected.

Male: India, China to pay for imports with local currency

Maldives' economic development minister Mohamed Saeed said he met with Indian high commissioner Munu Mahawar two weeks ago, who in turn, said that New Delhi would support and cooperate in arranging for the settlement of import payments in Indian Rupee.

AstraZeneca plants trees to remove residual emissions

AstraZeneca plans to plant 200 million trees across six continents within the next six years to fight climate change and biod -More- 

How Fortnite brought Google to its knees

In August 2020, Epic Games launched a legal assault against both Google and Apple, alleging that their mobile app stores are illegal monopolies. Almost four years later, Epic could be close to forcing Google to make major changes to its Play Store. Today, we explain the legal battle behind ...

No party has ever come back from this far behind – but anything can happen in an election

Rishi Sunak has clearly decided that the risks of waiting outweigh the dangers of calling a general election when the polls are so dire

Legal regulator prepares to recover costs from boss of collapsed firm Axiom Ince

The UK's legal regulator is preparing to recover funds from the boss of collapsed law firm Axiom Ince, according to new court filings.

Top 10 Largest Economies In The World: When Will India Become 3rd Largest Economy & Where Do China, US, Germany Rank? Check List

BHP’s ‘final’ offer doesn’t look enough to woo Anglo American

The outcome appears to be another week of wrangling over now well-known issues

China market rally set to continue

The MSCI China Index has climbed 29% since its January lows, taking around half its members over their 200-day moving average -More- 

Why CFOs need to pay attention to software spending

The rise of artificial intelligence is pushing CFOs closer to their counterparts in information technology, notes Nicholas Ma -More- 

Do these 3 things as a new manager to build trust

New managers can build trust and respect if they are clear with their team about what they expect, provide them with actionab -More- 

Private investment firms partner to potentially cash in following sweeping changes in college sports

Two private investment firms have created a platform to help athletic departments find funding with college sports on the verge of sweeping change that could have long-term financial implications. RedBird Capital and Weatherford Capital announced the creation of Collegiate Athletic Solutions, ...

Iowa schools embrace career pathway programs

Iowa's Waterloo Career Center has inspired other districts like Cedar Rapids to adopt career-focused programs, ensuring stude -More- 

Fed Minutes Show Officials Were Wary About Inflation at May Meeting

Federal Reserve policymakers were still willing to raise rates if the economy surprised them, notes from their most recent meeting suggested.

General election: Labour pledge to ‘stop the chaos’ and rebuild Britain

Labour would “stop the chaos”, bring “change” and deliver a “long-term plan to rebuild” Britain if the party wins the general election, Labour leader Sir Keir Starmer has pledged.

Weber Shandwick Collective launches North America Women's Health Center of Excellence

Weber Shandwick Americas president of health Jamie Dowd is running the new offering.

Nvidia, Powered by A.I. Boom, Reports Soaring Revenue and Profits

The Silicon Valley company was again lifted by sales of its artificial intelligence chips, but it faces growing competition and heightened expectations.

Barbie will make dolls to honor Venus Williams and other star athletes

Barbie dolls will honor tennis champion Venus Williams and eight other athletes as part of a project announced by Mattel on Wednesday. The others being depicted as dolls…

Hershey's lawsuit argues the company uses 'deceptive' packaging in Reese's products

Four plaintiffs in Florida say Hershey falsely represented several Reese's Peanut Butter products by showing "explicit carved-out artistic designs" on the wrappers being sold.

Shares in biotechs surge as two new human bird flu infections emerge

Fears of growing outbreak drive revival in vaccine group stocks which have been out of favour since pandemic ended

Group seeks gain from US-China trade war

The US recently imposed very high tariffs on Chinese products, notably electric vehicles and semiconductors, which will cause China to concentrate on expanding its EV manufacturing within Asia, with Thailand poised to become a key export hub, says the Federation of Thai Industries (FTI).

Water firms ask for bill rises of between 24% and 91%

Southern Water wants to increase its bills by £436 a year, but is not expected to get approval.

Bangkok Land keen to develop 'smart' Muang Thong Thani

SET-listed Bangkok Land wants to develop Muang Thong Thani as a smart city district, with plans to build a new seafood and fruit centre offering goods at affordable prices to attract tourists to Nonthaburi, banking on the Pink Line monorail service that is scheduled to start running there next year.

Yong eyes 2 new plants in Rayong

Yong Concrete, an MAI-listed producer of concrete products, is expanding with two new plants in Rayong to capitalise on rising demand in the Eastern Economic Corridor (EEC), diversifying risk from the property market slowdown and government budget delays.

Asset managers post mixed results

Two bad asset management companies reported lower net profits in the first quarter this year, attributed to higher expected credit losses (ECL) amid a fragile economic recovery.

Carbon capture: How to turn air into clean fuel

Researchers are pushing the boundaries of "green methanol." Besides being used by industry, it could soon power cars and ships. But can transforming CO2 into a clean fuel ever replace gasoline?

Beating inflation: How do Europe and the US compare?

Inflation rates on both sides of the Atlantic are proving to be stickier in 2024 than many central bankers expected. Interest rate cuts are off the table for now amid wider economic concerns.

Donald Trump audited by IRS for double-dipping tax breaks on Chicago Trump Tower, New York Times, ProPublica report

Crooked Bridgeport bank board member George Kozdemba sentenced to prison in Washington Federal Bank failure

US to sue Ticketmaster owner Live Nation

Officials are expected to challenge the company's business practices, the BBC's US partner CBS News reported.

Strickland gallops to glittering WA gold at Palomino

Strickland Metals has delivered “outstanding” initial diamond drill results at its Palomino prospect in WA with a 17m hit at a sparkly 10.6g/t gold from 144.7m.

Nvidia’s revenue surges 262 per cent and unveils stock split; shares top $1,000 milestone

Nvidia's revenue surged 262% last quarter due to AI chip sales, pushing shares over 6% to cross $1,000 for the first time.

Rating agency claims ‘lifeblood’ at stake in 777-linked downgrade dispute

AM Best warns of ‘irreparable damage’ if court bars it from publishing view on insurers exposed to Everton bidder

Ray Dalio joins billionaires snapping up Singapore ‘shophouses’

Investor’s family office bought two heritage properties for $19mn

Cancer vaccines are finally showing promise

As Covid revenues slump, technology developed to fight the pandemic is having some success combating this disease

ETFs shift from ‘core’ to ‘satellite’ in portfolios

BBH survey indicates the funds are increasingly vehicles of choice for active strategies and tactical short-term use

Djibouti looks to genetically engineered mosquitoes to quell urban malaria wave

Anopheles stephensi modified so that the biting females die are to be released across the country

Why RBI is stocking up aggressively on gold reserves; central bank buys 1.5 times more gold in Jan-April than entire 2023

The Reserve Bank of India added 24 tonnes of gold to its reserves between January and April this year to diversify reserves during volatility amid geopolitical tensions. Central banks, including emerging markets, are increasing gold reserves due to its store of value and rising prices ...

FTSE 100 today: London markets set to open lower as rate cut bets ease

Asian markets mixed post-US stock dip, Nvidia up 6% post-bell on strong revenue. Focus on UK-US PMI data for economic cues.

FCA approves London Stock Exchange launch of Bitcoin and Ethereum ETPs

As approval of a US spot Ethereum ETF edges closer, the UK’s Financial Conduct Authority has also given the go-ahead for WisdomTree Funds to launch their own Bitcoin and Ethereum physically-backed Exchange Traded Product (ETP) on the London Stock Exchange.

‘Hunger Games on level five’: Lachlan Murdoch, Rebekah Brooks in town as News plans shake-up

News Corp’s top executives are in Sydney ahead of an overhaul of the group’s Australian news operations.

No ‘dirty deals done dirt cheap’: Why Murdoch teamed up with OpenAI

The deal that the Rupert Murdoch-controlled News Corp has done with artificial intelligence giant OpenAI has been dressed up as a win for his empire. It isn’t.

FirstFT: Sunak stuns Westminster with July 4 UK election date

Also in today’s newsletter, Nvidia’s record sales and Spain’s record tourists

Emirates Group logs record profits of $5.1 billion

Dubai-based Emirates Group announced record annual profits of $5.1 billion — a 71% increase from last year — based on strong customer demand.

Lemonade Pet Insurance review: Pros, cons, and pricing

Lemonade offers cheap pet insurance rates, but shoppers might encounter age and location restrictions. Learn more in our Lemonade Pet Insurance review.

BHP’s expensive date with the Anglo directors

The Anglo American board has finally agreed to let BHP put forward the case for its now $74 billion takeover plan after the Australian mining giant upped its offer for the second time.

Kilwins owner named Illinois small-business person of the year

At crooked Bridgeport bank, CFO blew the whistle, but no one did a thing

Taylor Swift and Olympics scams fuelling fraud

Money lost to fraud fell last year, but purchase and romance scams are on the rise.

Why ‘green dot’-obsessed managers are ruining remote work

Workers once hid behind pot plants and pillars to avoid their boss’ roving eyes. These days, the ever-present ‘green dot’ is making it much harder.

Stock market today: BSE Sensex and Nifty50 trade flat; 30-share index around 74,200

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, started Thursday on a flat note. BSE Sensex was around 74,200 and Nifty50 near 22,575.

Javier Milei, the hard rocker in Argentina's highest office, turns his book talk into wild show

A book presentation about neoclassical economic theory may not sound like a crowd-pleaser. But on Wednesday in Buenos Aires, mobs of star-struck fans packed a giant auditorium to hear their president, the libertarian economist Javier Milei, lecture on the importance of freeing capital from the ...

Could word games be the future of networking? Linkedin thinks so

Linkedin's gaming push has raised some eyebrows, but capitalising on Gen Z's crossword craze is a smart move, writes Anna Moloney.

Filth, violence and vermin – what life is really like at Wandsworth Prison

Wandsworth Prison is a national disgrace, with 80 per cent of prisoners sharing a cell and most men staying in their rooms for 22 hours a day.

Remember last year's Memorial Day travel jams? Chances are they will be much worse this year

Highways and airports are likely to be jammed in the coming days as Americans head out on and home from Memorial Day weekend getaways. AAA predicts this will be the busiest start-of-summer weekend in nearly 20 years. The Transportation Security Administration says up to 3 million people may ...

Is the London Stock Exchange really the world’s bargain bucket?

There is a prevailing narrative that London is undervalued as a market. Charlie Conchie takes a closer look at the London Stock Exchange

Three little piggies at a yoga class = maximum happiness

If goat yoga is a trend, piglet yoga may not be far behind. Yoga classes in Massachusetts are selling out within hours and people come from far away to participate. Wilbur, Charlotte and Bluey came from a neighbor's farm to play among people doing the downward dog at Beyond Yoga & Wellness ...

Colorado the first state to move forward with attempt to regulate AI’s hidden role in American life

State lawmakers first attempts at regulating discrimination from artificial intelligence have floundered in states across the country. The technology increasingly plays a hidden role in major decisions for millions of Americans, including in housing, hiring and even medical care. Only one ...

US to seek break-up of Live Nation in lawsuit

Antitrust enforcers will allege Ticketmaster owner has come to dominate live entertainment industry

Israel sanctions: Who has imposed curbs over Gaza war?

Calls for sanctions on Israel over its offensive in Gaza are growing louder. While Turkey has just announced it won't resume trade until a permanent cease-fire is secured in Gaza, France has refused to rule out curbs.

Spot Pet Insurance review: Pros, cons, and pricing

Spot is a solid choice for pet insurance, given its affordable rates, customizable policies, and robust coverage. Learn more in this Spot Pet Insurance review.

Beyond Food Experience for Success Beyond at THAIFEX – ANUGA ASIA 2024

At the end of May, there is a pivotal event that businesses and entrepreneurs in the food and beverage industry cannot afford to miss. That event is "THAIFEX – ANUGA ASIA 2024," organised by the Department of International Trade Promotion, Ministry of Commerce of Thailand, and the Thai ...

Reliance’s new venture Tira bets on AI tools to push into sizzling Indian beauty market

Japan’s ‘wall of money’ is too big a temptation to resist

Private equity funds see the country’s financial institutions and wealthy individuals as an untapped opportunity for capital

Global brand fast-food chains suffer India profits slump

Rising living costs force consumers to cut back or turn to cheaper local alternatives despite strong economic growth

Sunak will get his hearing – but does he have anything to say?

Standing sodden in the rain, looking every bit the wally without a brolly, Rishi Suna looked like a man who knew he was facing the fight of his life - and who didn’t feel as if the gods were on his side. 

Paytm Layoffs: Company Signals Potential Job Cuts Amid Sales Decline

Paytm CEO Vijay Shekhar Sharma informed shareholders that the company anticipates a short-term financial impact on revenue and profitability due to the disruptions experienced in Q4.

Square Mile and Me: Zurich Insurance chief of staff Nigel Emson

Nigel Emson, chief of staff at Zurich Insurance, takes us through his career, from road haulage to financial services.

The Notebook: The Tories’ parting gift to the City? A puffed up FCA they failed to control

The Conservative Party's parting gift to the City? An overreaching regulator that they were too slow and tired to deal with.

Mark Kleinman: Czech is on way to sceptical Royal Mail investors

Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.

Wall Street feasts on unlimited breadsticks and endless shrimp

Red Lobster’s collapse is a chance to revisit one of the most sensational boardroom showdowns of recent memory

Tips issued for pet owners as full market investigation into UK vet sector announced

The UK's competition regulator has issued three tips for pet owners amid concerns they are paying too much on vet bills and are not given enough information about treatment options.

What went wrong for online car retailer Cazoo?

As Cazoo enters administration, we look at the rise and fall of the online used car retailer.

GPE to raise £350m to invest in London’s ‘attractive’ commercial property market

GPE has launched a £350m rights issue along with its full-year results, which were published today.

US intelligence agencies' embrace of generative AI is at once wary and urgent

U.S. intelligence agencies are scrambling to embrace the AI revolution, believing they’ll otherwise be smothered by an avalanche of data as surveillance tech further blankets the planet. They say they also need to keep up with competitors. But officials are acutely aware that the tech ...

Aviva’s growth continues thanks to higher prices and workplace pension flows

Aviva has continued to see strong growth and high demand for its key products.

General election: Want to boost UK growth? Here’s what top economists would do

Economists think that the next government should prioritise reforms to the planning regime in order to boost the UK's economic growth, according to a City A.M. poll.

Sony says focus is on creativity, with games, movies, music, sensors, IP, and not gadgets

Japanese electronics and entertainment company Sony Corp says it’s focusing on creativity in movies, animation and video games, rather than old-fashioned gadgetry. Its chief executive, Kenichiro Yoshida, outlined…

Missile splashes into the Red Sea, causing no damage in latest suspected Yemen Houthi rebel attack

A missile has splashed down in the waters of the Red Sea, but caused no damage to a passing commercial vessel in an attack likely carried out by Yemen’s Houthi rebels. The Houthis did not immediately claim the attack Thursday, though it can take hours or even days for them to acknowledge ...

Explained: How RBI managed to give the highest ever Rs 2.1 lakh crore dividend payout to government

The Reserve Bank of India (RBI) announced a record dividend payout of over Rs 2.1 lakh crore to the government in FY24. The payout, announced on Wednesday evening, is the result of RBI's active intervention in foreign exchange and money markets.

Prospective homebuyers must move fast because of a shortage of homes for sale

Why Zombie second mortgages are threatening thousands of Americans' homes

An NPR investigation finds thousands of homeowners face foreclosure over old so-called zombie second mortgages from the housing-bubble days. Many thought the loans were dead. But investors buy them and can move aggressively to collect.

MG Motor India Signs Pact With Vertelo To Deliver 3,000 EVs

MG Motor India on Thursday said it has signed an initial pact to deliver 3,000 EVs to integrated fleet electrification platform Vertelo.  

London’s West End gets welcome boost with return of foreign tourists

An influx of foreign tourists over the past 12 months has delivered a boost for the West End's biggest landlord, Shaftesbury Capital, as it reveals its first financial results since its £3.5 bn takeover last year.

David Beckham-backed Lunaz restarts after administration and job cuts

Lunaz, the electric car company backed by David Beckham which collapsed into administration earlier this year, has completed a restructure and restarted production.

Sabre: Insurance group back on track after difficult 2023

Sabre insurance is one of the UK's leading insurance companies, but has struggled in recent years.

Hunt for football watchdog boss on hold amid election hiatus

The search for an inaugural chairman for a new English football regulator is being put on hold amid expectations that legislation to introduce it will not make the pre-election cut.

Royal Mail owner IDS fails to post full year results on time as takeover bid looms

Royal Mail owner IDS remains in an offer period following an announcement last week about the potential takeover swoop by EP Group.

Takeaways: How intelligence agencies' are cautiously embracing generative AI

U.S. intelligence agencies are scrambling to embrace the AI revolution, convinced they’ll otherwise be smothered in data as sensor-generated surveillance tech further blankets the planet. They also need to keep pace with competitors, who are already using AI to seed social media platforms ...

News24 Business | Food services giant Bidcorp sees 'excellent' SA performance

Bidcorp said on Thursday its SA business has managed an "excellent" operating performance despite tough economic conditions so far in its 2024 year, and it has bulked up a little with the acquisition of a seafood wholesaler.

UK ‘risks being left behind’ as red tape choked tech start-ups, new report warns

The UK “risks being left behind” as red tape is choking the potential of UK tech start ups, a new report has warned.

The return of Virgin Trains: Can Richard Branson give Avanti a good kicking?

Could Richard Branson's return to the West Coast Main Line finally get Avanti West Coast on the right track?

What does cooling inflation mean for house prices and mortgage rates?

Inflation cooled to the lowest level in nearly three years in April, but what exactly does it mean for Britain’s housing market? 

Election victory for Labour ‘is not in the bag’, say small business bosses

An election victory “is not in the bag” for Labour, the head of Britain’s largest small business lobby group has said, after Rishi Sunak called a snap general election. ]]>

Pressure on as competition watchdog launches investigation into UK vet industry

The competitions watchdog said it will press ahead with an investigation into the UK’s vet industry following concerns pet owners are not getting value for money. 

Higher interest rates provide strong ‘tailwind’ for Investec

Interest income rose 5.6 per cent in the year largely thanks to "higher global interest rates". Non-interest income also increased, with net fee and commission income rising by nearly five per cent.

Nationwide customers set for bank account windfall after bumper year

Nationwide plans to pay around £385m directly into customers' accounts as Britain's largest building society continues to enjoy bumper earnings on the back of higher interest rates.

Rolls-Royce: Booming travel demand underpins revival

Rolls-Royce's recovery looks set to continue as airlines report bumper demand.

Australian fashion label Dion Lee collapses

Dion Lee will be run by administrators as a going concern as the hunt for a new buyer begins.

Tesla’s latest shift and Thailand’s potential power problems

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets

Ukraine's allies are looking for ways to squeeze money out of frozen Russian assets and use the money to help Ukraine fend off Russia's invasion. The Russian central bank holdings were kept outside the country, and Western countries quickly froze them after the February 2022 invasion. Many ...

News24 Business | Anglo-owned De Beers sees 15% drop in diamond sales

Anglo American said on Thursday its diamond subsidiary De Beers saw sales fall almost 15% to $380 million (R7 billion) in its fourth sales cycle relative to the third, also dropping just over a fifth year-on-year.

News Corp: The Times and Sun publisher pens ‘beautiful friendship’ deal with OpenAI worth £200m

OpenAI now has access to current and archived content from many of News Corp's publications, including The Times and The Sun.

Goldman-backed Petershill sees private equity activity picking up

"Crucially, we have maintained our high bar for new acquisitions as we seek out high performing sector specialist Partner-firms," the partners continued.

Wizz Air swings to profit on record 62m passengers despite cocktail of challenges

Wizz Air swung to profit last year as resurgent travel demand offset challenges including supply chain issues and conflict in the Middle East.

What Trump 2.0 Could Mean for the Federal Reserve

A second Trump administration could shake up personnel and financial regulation at America’s central bank, people close to his campaign said.

Some Prominent Silicon Valley Investors Shift to the Right

Marc Andreessen, Chamath Palihapitiya and several other tech venture capitalists are increasingly criticizing President Biden and making their disaffection known in an election year.

Qinetiq share price soars as global defence spending rises

Defence contractor Qinetiq has hiked its dividend as a surge in national defence spending lifted full-year profit to £215.2m.

Nationwide CEO: No plans for more big acquisitions after £2.9bn Virgin Money deal

The chief executive of Nationwide has said the lender is not currently considering any more big-ticket acquisitions, with Britain's largest building society already busy enough finalising a £2.9bn takeover of Virgin Money.

Nationwide chief defends Virgin Money deal against member protests

Debbie Crosby says only a ‘tiny minority’ of members are against the plan

Home Office splashes £53m on remote working for ‘sleepy civil servants’

Government departments have been accused of spending huge sums on work from home equiptment

Cambridge tech ecosystem worth £150bn, more than Italy and Spain’s combined

Mega rounds by start-ups including Wayve and Quantinuum have fuelled a record-breaking funding total of £1.3bn.

Major British port operator unveils plan for first ‘green shipping corridors’ in UK

Peel Ports Group has announced plans to establish the UK's first green shipping corridors between Ireland.

Election 2024: Rishi Sunak stakes Downing Street future on ‘economic stability’

Rishi Sunak has staked his political future on the promise of “economic stability” and Britain’s security as he rolled the dice to call a general election on July 4.

Lightning Strike Causes Runway Disruptions At Goa Airport, Diverts Six Flights

On Wednesday evening (May 22), a lightning strike hit the Manohar International Airport (MIA) in north Goa, damaging the runway edge lights and causing significant disruptions.  

India only country among top 5 largest steel producers in world to see growth in production; China, US see decline

India stands out as the only top steel-producing nation with production growth in April, amidst global declines. China, the global leader in steel production, saw its April output decrease by over 7% year-on-year to 85.9 million tonnes.

Vets market faces probe into bill overpayment fears

The inquiry comes amid worries that there is lack of information available for pet owners.

What’s on the sell off list of foreign investors in Indian stock markets?

Foreign investors sold Indian equities worth Rs 27,258 crore from May 1 to 15, with significant sell-offs in the financial services and IT sectors.

Election 2024: The seven talking points that will make you sound smarter this weekend

An election is on the way - here's the key questions that will give you something new to say for the next six weeks

Bytes Technology raises dividend as it looks to turn page on scandal

It comes as Bytes is trying to close the book on a misconduct scandal involving its long-standing former boss, Neil Murphy.

Bloomsbury hikes dividend as Harry Potter and Sarah J. Maas titles power profit record

Consumer revenue increased 49 per cent, fuelled by literary success, in particular by sales of J. Maas's fantasy fiction books.

AJ Bell: DIY investment firm ups dividend after reaching customer ‘milestone’

Revenue at the DIY investment platform rose by 27 per cent to £131.3m in the first half of the year, up from £103.6m in the same period last year.

UK competition regulator launches vet sector probe

CMA concerned pet owners lack information and pay high charges in market worth £5bn a year

National Grid plans £7bn capital raise to strengthen electricity network

London-listed group announces £60bn investment programme over next 5 years

Stock market today: Asian shares are mixed, with China stocks down, after Wall St retreat

Asian shares are trading mixed, as investor sentiment in Tokyo was boosted by news in the U.S. about soaring Nvidia earnings. Benchmarks rose in Tokyo and Seoul, but fell in Australia and China. On Wednesday, U.S. stock indexes pulled back from their records as concerns about high interest ...

Sensex Jumps 251 Points After Flat Opening

The biggest positive is the record Rs 2.11 lakh crore dividend from the RBI to the government, which will give an additional 0.3 per cent of GDP fiscal room for the government.

How to use AI to boost your chances of start-up success 

Ambition A.M. takes a look at how you can use AI to your advantage as a small business owner, whether it be to scale your start-up or simply re-organise your day-to-day activities.

Cohort: Ukraine and Middle East conflicts drive record orders for defence firm

Defence technology company Cohort received record orders last year, driven by ongoing conflict in Ukraine and the Middle East.

EV maker Tesla breaks ground on Megapack energy storage battery factory in Shanghai

Chinese state media have reported that electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries. The $200 million plant in Shanghai's Lingang pilot free trade zone will be the first Tesla battery plant outside the United States. ...

7,530 e-Challans Issued, 24 vehicles Seized In Noida For Traffic Violations

A total of 7,530 vehicle owners were penalised and 24 vehicles were impounded across Noida and Greater Noida on Thursday for violation of traffic rules.  

Businesses have a long wish list going into this election - Ian King

The approach of business to general elections is not what it was.

Boohoo hands top bosses bumper bonuses despite losses nearing £160m

The co-founders and chief executive of Boohoo received a £1m bonus despite the fast fashion giant's losses swelling to almost £160m during its latest financial year.

Moto owners plot sale of motorway services giant

The owners of Moto, one of Britain's biggest operators of motorway service stations, are preparing to put the company up for sale for more than £2bn.

Bicester Village: Shoppers eyeing bargains on luxury help sales and profits surge

Shoppers seeking a bargain on luxury helped the company behind Bicester Village, which was founded by the family that owns the Empire State Building in New York, increase its sales and profits last year, according to newly-filed accounts.

HSBC fined £6.2m for unfairly treating customers in financial difficulty

HSBC has been slapped with a £6.2m fine by the UK financial regulator over failures in its treatment of customers who were in arrears or experiencing financial difficulty.   

Will the economy save Rishi Sunak?

The news that inflation had fallen to 2.3%, its lowest level for nearly three years, seems to be one of the reasons the PM called an election for 4 July.

Kia EV3 Unveiled Globally: Compact Electric SUV Boasts Up To 600 Km Range

The Kia EV3 offers two battery pack options: a 58.3kWh unit and an 81.4kWh unit, delivering a maximum driving range of up to 600km.

Capital Group and KKR partner to offer private assets to wider audience

World’s largest active asset manager and buyout firm to make available hybrid public-private funds to wealthy investors

Lando Norris: About time Verstappen felt nerves in F1 again

Lando Norris has issued a rallying cry to his McLaren team, saying it is “about time” world champion Max Verstappen felt some nerves on a F1 race weekend. Norris became the third driver after Verstappen and Carlos Sainz Jr to win a race when he won the sixth Grand Prix of the year in Miami, ...

News24 Business | Bytes ups dividend and says shock CEO departure hasn't hit operations

JSE-listed Bytes Technology Group, a former subsidiary of Altron, said on Thursday its net cash pile and major public sector contract wins, including with the UK's National Health Service, helped deliver income growth of a quarter in its year to end-February.

Furiosa: A Mad Max Saga is the action movie of the decade

Furiosa: A Mad Max Saga will be remembered as one of the best prequels ever made, which isn’t a huge compliment given the competition.

Segantii to return capital amid Hong Kong insider dealing probe

Hedge fund tells investors firm will ‘return their capital in an orderly manner’

The trade dispute dividing the US solar sector

Domestic manufacturers are split over a commerce department investigation into alleged dumping

News24 Business | Investec ups dividend as profit climbs on interest rate tailwinds

Investec CEO Fani Titi said interest rates at the highest level in more than a decade-and-a-half in both SA and the UK have provided a tailwind to its performance.

IndiGo to introduce business class in flights this year

IndiGo announced a plan to introduce a business class in flights on the busiest routes, aiming to redefine business travel in India.

Net migration falls as Sunak admits no planes will leave for Rwanda pre-election

Net migration to the UK has fallen by 10 per cent, according to official estimates, as Rishi Sunak was forced to admit no deportation flights to Rwanda would take off pre-election.

Challenge Cup can be cure to desperate seasons for Gloucester and Sharks

Before the start of the current rugby season both Gloucester and the Sharks, from Durban, would have been full of hope for their domestic campaigns. But soon into their Premiership and United Rugby Championship campaigns, things began to unravel and any hopes of winning a league title ...

UK economy: Survey suggests growth is slowing ahead of July general election

The performance of the UK economy is likely to be central to the election campaign.

Nigel Farage won’t stand at the 2024 General Election, opting for US campaigning instead

“Important though the general election is, the contest in the United States of American on November 5 has huge global significance.

Tate and Lyle reaches sale agreement of American subsidiary

Tate and Lyle has reached agreement with KPS Capital Partners for the sale of its remaining stake in Primient, an American subsidiary of Tate and Lyle.  The firm said after the sale of its near 50 per cent stake, net cash proceeds, after tax and transactions costs, are expected to be around ...

Wipro's Ex-CEO Thierry Delaporte Becomes Highest Paid Indian IT CEO For FY24

In addition to his salary and commission he received 7 million dollars in additional payments and over 4 million dollars in long-term compensation.

Pilot Of This Aeroplane Was Hanging Out Of Cockpit At 17,000 Feet; Know What Happened Next

The windscreen of the British Airways Flight 5390 on the captain's side detached with a loud, explosive sound.  

TikTok Moves to Limit Russian and Chinese Media’s Reach in Big Election Year

The platform will keep state-affiliated media accounts out of users’ feeds if they “attempt to reach communities outside their home country on current global events and affairs.”

Rishad Premji, Wipro’s executive chairman, takes pay cut & no variable or commission pay in FY24

As the son of Wipro chairman Azim Premji, Rishad Premji is entitled to a commission of 0.35% on the incremental consolidated net profits of Wipro compared to the previous fiscal year.

EV Maker Tesla Breaks Ground On Megapack Energy Storage Battery Factory In Shanghai

Electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries.  

News24 Business | SA considers complaining to World Trade Organisation against EU carbon border tax

South Africa is considering lodging a formal complaint at the World Trade Organisation against the European Union's "protectionist" carbon border levy, Trade Minister Ebrahim Patel said.

General counsel seek clarity on rising geopolitical risks

Dealing with political, regulatory and technological matters is increasingly part of the job for in-house lawyers

A billionaire surprised graduates onstage with cash, but it's not all theirs to keep

Billionaire philanthropist Rob Hale gave UMass Dartmouth graduates $1,000 each, and instructed them to donate half. He tells NPR the best cause students can support is one that matters to them.

Losses widen for Cohens Chemist amid funding uncertainty

The company behind Cohens Chemist almost doubled its losses this year, with product shortages and inflation continuing to put pressure on the group. 

The Garfield Movie is a cinematic trip to the litter box

The Garfield Movie is aiming for half term success rather than artistic merit, though the hijinks may keep young minds occupied

Rio Tinto should abandon London listing, says activist investor Palliser

Rio Tinto has come under pressure from an activist investor to abandon its primary London listing and unify its business in Australia. 

Why London’s commercial property sector is finally booming back

After a torrid few years, sentiment in London’s commercial property market appears to be improving. 

Non-invasive filler alternatives for healthier-looking skin

When wrinkles appear and gravity takes its toll on your face, you might consider invasive treatments like botox and fillers. But with skincare tech improving, it's worth holding off.

Microsoft Services Outage: Bing, Copilot And ChatGPT Web Search Affected Globally

Microsoft Bing outage is causing disruptions to search capabilities for ChatGPT, Copilot, DuckDuckGo, and other platforms.  

Evidence of weakening in economic recovery as election campaigning begins

Growth in the UK's powerhouse services sector has cooled by more than expected to its weakest level in six months, according to a closely-watched survey of businesses.

Breakfast Briefing: 5 things for PR pros to know on Thursday morning

Golin names Jeff Beringer chief AI officer; Risa Heller Communications opens LA office.

News24 Business | New shock SA stats: 25% households don't have enough food, almost 15% of kids orphaned

According to Statistics SA data, 23.1% of households consider their access to food inadequate or severely inadequate.

Scottish Mortgage to back Elon Musk’s $56bn pay deal

Early Tesla backer says investors should reward a record that created ‘huge’ value

U.S. Sues to Break Up Ticketmaster Owner, Live Nation

Accused of violating antitrust laws, Live Nation Entertainment faces a fight that could reshape the multibillion-dollar live music industry.

Inflation rate falls to lowest in almost three years

Prices rose at 2.3% in the year to April, down from 3.2% the month before, official figures said.

Bankman-Fried to be moved to Calif. despite wishes

FTX founder Sam Bankman-Fried, who's serving a 25-year prison sentence for fraud, will be moved to a medium-security prison i -More- 

Meet your customers where they are. Make it easy for them to understand what your product is, how to use it and ultimately decide to buy it.

Miguel Leal, co-founder of SOMOS Foods, as quoted in Entrepreneur

Former Deutsche Bank boss Rolf Breuer dies at 86

Chief executive Christian Sewing pays tribute to architect of ill-fated Bankers Trust acquisition as ‘old school’ banker

Dogs strut their stuff on the Pet Gala catwalk

Eighteen dogs looked fetching as they modeled high fashion on the catwalk during New York's American Kennel Club Museum of th -More- 

Which jargon words irritate you the most?

Boil the ocean 18.87% COP -- close of play 10.38% The strategic staircase 10.38% Bleeding edge  -More- 

Nvidia's stock market value is up $1 trillion in 2024. How it rose to AI prominence, by the numbers

Nvidia’s stock price has jumped 92% this year as of Wednesday, increasing the company’s market value by more than $1 trillion. Those numbers are headed higher again Thursday after the company reported better-than-expected quarterly results. The chipmaker has seen soaring demand for its ...

TikTok rolls out new rules to limit the reach of state-affiliated media accounts on its platform

TikTok said Thursday its putting in place new rules to limit the reach of state-affiliated media accounts. The company started labeling state-affiliated media accounts two years ago. On Thursday, it said when it identifies these accounts, the content they post will no longer appear on the main ...

Norfolk Southern to Pay $310 Million Settlement Over Ohio Train Derailment

The railroad company reached an agreement with the federal government to settle claims and costs from the 2023 derailment of a train carrying hazardous materials in the Ohio town.

Chicago Fed warns on private credit systemic risk

Federal Reserve Bank of Chicago researchers have published a letter that raises concern about potential systemic risk posed b -More- 

The SIFMA Podcast: Why the Basel III Endgame must be re-proposed

In this episode of The SIFMA Podcast, SIFMA's Joseph Seidel and Dr.  -More- 

Coffee prices soar on poor harvests and new consumers

Traditionally tea-drinking Asian countries are increasingly warming up to coffee, driving demand. Coffee prices are also getting a boost from climate change, which is affecting harvests.

Lava inducts new directors as co-founder Rai moves out; looks at PE raise of Rs 600 cr

Lava has revamped its board by inducting Anupam Srivastava and Ajay Kumar Singh as independent directors, while moving out co-founder Hari Om Rai. The company aims to raise funds for launching new 5G smartphones.

New York will set aside money to help local news outlets hire and retain employees

New York is setting aside $90 million in tax credits for local news outlets to hire and retain journalists. It is part of an effort to keep the shrinking local news industry afloat. The U.S. newspaper industry has been in a long decline, driven by factors including a loss in advertising revenue ...

Ticketmaster Timeline: A running list of clashes between the event organizer, fans and artists

The Justice Department filed a sweeping antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment on Thursday, accusing them of running an illegal monopoly over live events in America — squelching competition and driving up prices for fans. Here’s a timeline ...

5 things to know about Memorial Day, including its evolution and controversies

Memorial Day is supposed to be about mourning the nation’s fallen service members. But it’s come to anchor the unofficial start of summer and retail discounts. The first national observance was shortly after the American Civil War and was then called Decoration Day. Veterans decorated war ...

Russian oligarch seeks damages from Luxembourg on $15bn assets

Billionaire Mikhail Fridman demands compensation for sanctions from tiny Duchy under investor protection treaty

Independent booksellers continued to expand in 2023, with more than 200 new stores opening

The independent bookstore boom continues. Even as industry sales were slow in 2023, membership in the American Booksellers Association expanded strongly. It now stands at 2,433, more than 200 over the previous year and nearly double since 2016, when membership rules were looser. The ABA says ...

World Bank: Carbon pricing generated $104B last year

The world is home to 75 carbon pricing schemes and countries pulled in a collective $104 billion in 2023, up from $95 billion -More- 

"All the oars in the water" this weekend for T+1 shift

Market participants are ready for a shift to a T+1 settlement cycle Tuesday.  -More- 

Tech industry pushes Sunak to pass key data protection bill before the election

Top tech executives are pressing the government to usher through a key data protection bill before the looming general election.

Borrowers, especially the young, struggle with credit card debt in potentially bad sign for economy

Consumers are increasingly struggling to pay their credit card bills, raising concerns about severe delinquencies spiraling and sapping consumer spending. The share of credit card debt that’s more than 90 days overdue rose to 10.7% during the first quarter, a 14-year high, according to the ...

Ticketmaster owner Live Nation facing monopoly lawsuit - after criticism from Taylor Swift

The US Justice Department (DOJ) is suing Live Nation, arguing the big concert promoter and its subsidiary, Ticketmaster, have been "monopolising" the live events industry.

Nio chief says EU probe of Chinese electric cars does not ‘make sense’

William Li says group will continue to push ahead with plans to expand in Europe

Billie Eilish and Taylor Swift Race for No. 1

The two pop music titans, locked in a close contest for the top of next week’s album chart, are stoking fans’ competitive spirit with a variety of digital tactics.

Ticketmaster and Live Nation running illegal monopoly, Justice Department lawsuit alleges

Trump Media loses $327M in Q1

Trump Media's first earnings report since going public in March through a merger with a SPAC shell company, showed anemic res -More- 

News24 Business | Montecasino owner Tsogo Sun's shares slump 5% on disappointing results

Shares in Tsogo Sun Gaming fell more than 5% after a lacklustre full year results performance saw the casino operator reporting a fall in earnings and slashing its final dividend by 30%.

OpenAI to start using news content from News Corp. as part of a multiyear deal

OpenAI will start using news content from News Corp. as part of a multiyear deal between the two companies. Open AI will be allowed to display content from News Corp. mastheads in response to user questions and to enhance its products. It will have access to current and archived content from ...

US O&G industry braces for intense hurricane season

An anticipated increase in Atlantic hurricane activity this year, with up to 25 named storms predicted, could severely disrup -More- 

Musk’s xAI secures new backing from Andreessen Horowitz, Sequoia and Tribe

Billionaire’s artificial intelligence start-up closes in on $6bn funding round as it seeks more financial firepower

NOAA forecasts 17 to 25 named storms this year

The National Oceanic and Atmospheric Administration predicts as many as 25 named tropical cyclones could develop in the Atlan -More- 

Minutes: Fed officials embrace higher-for-longer outlook

Several Federal Reserve officials questioned during the latest policy meeting whether monetary policy was restrictive enough  -More- 

Just what you need: Popular online retailer Wayfair draws a crowd at its first physical store

Percentage of men in workforce falls, data show

Bureau of Labor Statistics data show the percentage of women in the workforce has increased to 78% while the percentage of wo -More- 

Retaining staff: It's not just about higher pay

Retaining staff today means more than just increasing salary -- it calls for surveying and listening to them to understand th -More- 

Is AI HR's moment of opportunity?

The rise of AI offers HR professionals a chance to seize the moment and become corporate leaders like never before, asserts m -More- 

Judge to weigh proposed changes to Google's Android app store to prevent anticompetitive tactics

Google is confronting the latest in a succession of legal attacks on its digital empire on Thursday as a federal judge began to address anticompetitive practices in the app market for smartphones powered by its Android software. The San Francisco court hearing comes five months after ...

Two minutes with: A funeral celebrant who makes the most out of life

Funeral celebrant Kate Morgan says her job is a constant reminder that life is short.

Is workplace abuse more prevalent than I realised?

There’s a desire in our society to believe most companies exist on a reasonably narrow spectrum with nothing radical at the extremes. But that’s a myth.

If Paula Vennells's first day was about ignorance, then day two made ignorance look like bliss

If Paula Vennells's first day in the witness stand was memorable for her tears and self-justifications at facing public scrutiny for the first time in nine years, the second was less dramatic but more substantial.

How major US stock indexes fared Thursday, 5/23/2024

Most U.S. stocks slumped after strong economic reports raised the possibility of interest rates staying painfully high. The weakness was widespread on Thursday and overshadowed another blowout profit report from market heavyweight Nvidia. The S&P 500 fell 0.7% and pulled further from its record ...

Soon, all health insurance claims will be processed via centralised platform NHCX

Patients who visit a hospital for treatment provide their insurance policy details or a card issued by the third-party administrator (TPA) or insurance company. The hospital then accesses the claim processing portal of the company and uploads the required documents for pre-authorisation ...

NBA great Dwyane Wade launches Translatable, an online community supporting transgender youth

NBA Hall of Famer Dwyane Wade has launched Translatable, a nonprofit online community dedicated to supporting transgender youth. Wade made the announcement Thursday at the Make Good Famous Summit after receiving the Elevate Prize Catalyst Award. His return to South Florida, where he spent much ...

HSBC fined over treatment of customers in difficulty

The City watchdog said that the bank failed customers who has been facing arrears.

Tennessee attorney general looking into attempt to sell Graceland in foreclosure auction

Tennessee’s attorney general says his office is looking into a company’s attempt to sell Elvis Presley’s home Graceland at a foreclosure auction, a move that was stopped by a judge after the king of rock n’ roll’s granddaughter filed a lawsuit claiming fraud. Attorney General Jonathan ...

U.S. seeks to break up Live Nation, Ticketmaster over alleged monopoly

The U.S. Department of Justice filed a major antitrust lawsuit Thursday seeking to break up an alleged monopoly in the live music industry between concert promoter Live Nation…

How important is social media in a job search?

A strong, positive social media presence is essential for presenting yourself to recruiters, whether you are actively searchi -More- 

A little rest extends life of new EV batteries

Research more closely mimicking the way electric vehicle batteries are used in real life led to an insight into how the life  -More- 

Water scarcity trends show no sign of easing

Fifty-five percent of people worldwide live without reliable access to clean drinking water and that figure could swell to up -More- 

EPA issues new residential energy efficiency standards

The Environmental Protection Agency has issued the Energy Star NextGen Certification for New Homes and Apartments, a new prog -More- 

Microbots lend a hand cleaning up water supplies

A team from the Central European Institute of Technology has developed microbots using spherical beads with magnetic properti -More- 

Dimon: US could still see a hard landing

The economy could still experience a hard landing, despite signs that it remains strong, JPMorgan Chase CEO Jamie Dimon says. -More- 

Firms turn to interest-rate swaps for savings

Companies are saving significant money with interest-rate swaps as uncertainty continues about the future of Federal Reserve  -More- 

CAQ calls on PCAOB to double comment period on proposals

The Center for Audit Quality is requesting a 60-day extension for the comment period on a pair of Public Company Accounting O -More- 

Business activity in May highest in more than 2 years

US business activity increased in May, reaching its highest level since April 2022, according to S&P Global's flash Composite -More- 

Google targeted some recent layoffs at 'disloyal' workers, lawsuit says

A Google worker of 13 years was laid off. He says it was for whistleblowing.

FirstFT: Emmanuel Macron tries to ease riot-hit New Caledonia

Also in today’s newsletter, billionaires snap up Singapore ‘shophouses’, and JPMorgan’s ‘tough going’ in China

Probe finds no ‘error’ in hiring Sullivan & Cromwell for FTX bankruptcy

Examiner had investigated questions over law firm’s ties to bankrupt crypto exchange and founder Sam Bankman-Fried

OpenAI to start using news content from News Corp as part of a multiyear deal

OpenAI will start using news content from News Corp as part of a multiyear deal between the two companies. Open AI will be allowed to display content from…

U.S. applications for jobless benefits fall as labor market continues to thrive

The number of Americans applying for unemployment benefits fell last week as layoffs remained historically low despite the Federal Reserve's efforts to loosen the labor market. Jobless claims…

IndiGo nets nearly $1 billion annual profit, a first for Indian carriers

Families of Marines killed in 2022 Osprey crash sue aircraft manufacturers Boeing, Bell, Rolls Royce

Families of four of the five Marines killed when their Osprey crashed in California in June of 2022 have filed a federal lawsuit alleging that the aircraft's manufacturers failed to address known mechanical failures that led to the deaths. The crew was killed when their Osprey experienced ...

To get wise advice, make it safe for others to speak up

Those around us have much wisdom they could share, but they may not want to hurt our feelings, so Jeff Wetzler, the co-CEO of -More- 

Treasury yields climb after release of Fed minutes

Treasurys declined Wednesday after the release of minutes from the Federal Reserve's latest policy meeting, during which offi -More- 

Millennials would rather "vacation quietly" than ask for PTO

"Quiet vacationing" has become a thing among millennials and Gen Z employees who are reluctant to take paid time off (PTO) be -More- 

Employers see need to offer on-site child care centers

The lack of child care options and their expense have led many employers to offer on-site child care centers or subsidies to  -More- 

With a new War Rig and a fleet of motorbikes, 'Furiosa' restarts the motorized mayhem of 'Mad Max'

Returning to the world of “Mad Max” meant resurrecting the motorized army of “Fury Road,” getting it back into running condition and building an entire new fleet of gas-guzzling, mutant machines of apocalyptic doom. As terrific as the cast of “Furiosa” is, including Anya Taylor-Joy ...

ASX set for heavy losses as interest rates shadow hangs over Wall Street

Investors were spooked by a raft of strong US economic reports that raised the possibility of interest rates staying painfully high.

Starwood limits redemptions in struggling $10bn property fund

Faced with dwindling liquidity and a wave of demands from investors, Sternlicht’s investment vehicle blocks the doors

Apple ranks the Top 100 Albums of all time

In recent days, Apple has been counting down its list of the Top 100 Albums of all time.  -More- 

Lagunitas closing its Chicago taproom, brewery will move back to California

Starwood REIT, Facing a Possible Cash Crunch, Limits Withdrawals

Starwood Real Estate Investment Trust is restricting what investors can redeem rather than sell its properties to raise cash.

Brazil’s Rio Grande do Sul faces economic woes after floods, and an unclear path to rebuilding

Flooding in Brazil’s Rio Grande do Sul state ravaged nearly everything needed for economic activity, from local shops to factories, farms and ranches. The environmental catastrophe — unprecedented in state history — upended transportation, including the airport in capital Porto Alegre, ...

Exports being held back by declining competitiveness

Declining competitiveness for key export segments such as automobiles has kept Thailand from cashing in on improving global trade, according to analysts, as some start to downgrade shipment projections amid contracting manufacturing output and a slim private investment recovery.

NCAA, leagues back $2.8B settlement, setting stage for major change in college sports

The monumental decision sets the stage for a groundbreaking revenue-sharing model that could start directing millions of dollars directly to athletes as soon as the 2025 fall semester.

Zantac exec testifies on claims heat degraded heartburn drug into cancerous substance

A 1,200% surge tests nerves of investors in Korean AI chip stock

The share price of Hanmi Semiconductor Co has surged nearly 1,200% since the end of 2022, leading some investors to cash out due to high valuations. Hanmi Semi is currently the most expensive stock among its regional chip-related peers when compared to forward earnings estimates. This surge ...

Alphington paper mill $500m property flip may delay much-needed supermarkets

People in Alphington and Fairfield might have to wait longer for supermarkets they have been expecting.

Copper price to rocket to $40,000 a tonne, says top trader Andurand

Hedge fund manager shifts focus to red metal after bullish oil bets backfired last year

Business seeks clear victor in UK general election

Executives want winning party to have strong mandate and be able to embark on period of consistent policymaking

EU capitals demand crackdown on €14bn food pricing ploy

Brussels urged to stop multinationals from varying prices by country

Fears on inheritance tax surface among wealthy landowners

Large estate owners accelerate transfer plans ahead of election

FTSE 100 today: Footsie to open lower amid political uncertainty and wavering rate cut bets

Asian stocks fall on speculation of delayed Fed rate cuts; US approves Ethereum ETFs; eyes on UK retail sales, US consumer confidence.

Explosion and fire at chemical factory in India kills at least 9, injures 64

Officials say at least nine people have been killed and 64 are injured in an explosion and fire at a chemical factory in western India. The explosion in the factory’s boiler Thursday led to a fire that affected other nearby factories and houses in Maharashtra state’s Thane district. The ...

Affordable housing a new asset class picking up speed

Housing aimed at essential workers is gaining momentum as developers in eastern Australia expand projects.

Tesco, M&S and Primark among brands scared to make green claims over greenwashing action

Big retail brands are hesitant to make green claims despite the majority embracing sustainable practices over fears of being hit with greenwashing action

Abrdn launches succession plan as chief exec steps down

Asset manager Abrdn is on the hunt for a new leader after it announced today that Stephen Bird will be stepping down as chief executive.

News24 Business | Pan African asks for investor nod to wind up R4bn share account after weaker rand snafu

Mid-tier gold miner Pan African Resources said on Friday it will ask shareholders to wind up a R4.3 billion share premium account after its decision to report in dollars resulted in it violating the Companies Act when buying back shares. It is also now being hobbled in its ability to pay future ...

After Outcry, Chuck E. Cheese Says It Will Keep More Animatronic Bands

Plans to phase out most of Chuck E. Cheese’s animatronic bands prompted fans to plead for their survival. The bands will now play on at three additional locations.

Ampla, a Lender to Consumer Brands, Faces Financial Struggles

Ampla, which lent money to smaller businesses that sold clothing, home furnishings and other items directly to consumers, is struggling financially and seeking a buyer.

U.S. pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting

The U.S. is seeking to build support for squeezing more money for Ukraine out of frozen Russian assets as finance ministers from the Group of Seven rich democracies open a two-day meeting Another key topic pushed by U.S. Treasury Secretary Janet Yellen will be building a united front against ...

First time in history! Tata Motors' Jaguar Land Rover to make Range Rover, Range Rover Sport models in India; prices to fall up to 22%

Jaguar Land Rover, under Tata Motors, will manufacture Range Rover and Range Rover Sport models in India for the first time. This move aims to enhance localisation, reduce prices by 18-22%, and reach a wider customer base.

Labour pitches into Tory territory with business support letter

Labour is trying to persuade prominent business leaders to sign a public letter endorsing the party in a move underlining its encroachment onto general election territory traditionally occupied by the Conservatives.

Wood Group rejects third offer from Sidara

Engineering services group says sweetened approach significantly undervalues the company

Hundreds of Post Office convictions to be quashed

It was one of the final bills to pass before MPs break up ahead of the general election.

Japan inflation slows to 2.2% in April

The pace of Japanese inflation slowed in April to 2.2 percent as gas bills fell, government data showed Friday, with the figure remaining above the Bank of Japan's…

Brandon Johnson’s City Hall hands millions in deals to firms tied to Carmen Rossi, cited for improper lobbying

Heeramandi actor Richa Chadha shares how mutual fund investments helped finance her wedding

Actor Richa Chadha advises women to invest in mutual funds, open demat accounts, and save consistently. She emphasizes the importance of financial independence and empowerment for women.

Vietfive coffee shop owner Tuan Huynh in Chicago's West Loop takes a cue from his family

Sensex, Nifty Close Flat After Touching All-Time High

Nifty topped the 23,000 mark while Sensex also made a new high today.

Which investment platform has the lowest fees?

There is no ‘best’ provider — so how do you choose one that is right for you?

UN countries adopt treaty to better trace origins of genetic resources under global patent system

U.N. member countries have concluded a new treaty to help ensure that traditional knowledge about genetic resources — like medicines derived from exotic plants in the Andes mountains — is properly traced. It marks the first time the 193 member states of the U.N.’s World Intellectual ...

Interest on Federal Student Loans Is Rising to 6.53%

The rate for undergraduate loans is up from 5.5 percent this past school year and higher than it has been in more than a decade.

Weighing the good and the bad of long laterals

Three- and four-mile lateral wells promise enhanced profitability and recovery rates, but the associated risks can sometimes  -More- 

Williams CEO on natural gas' past, present and future

In this interview, Williams Companies CEO Alan Armstrong recounts natural gas' evolution from a residential fuel to a key com -More- 

BNEF: Net-zero by 2050 will be costlier than expected

The price tag of net-zero by 2050 continues to rise and will now cost $34 trillion more than expected, according to Bloomberg -More- 

NEPA project review revisions challenged in court

Attorneys general representing 20 Republican states have filed a lawsuit urging the US District Court for the District of Nor -More- 

Course Offering - Virtual Dates Available | API Pressure Relieving Systems

This course will provide attendees with practical experience involving Pressure Relief Devices (PRDs).  -More- 

Ex-Post Office boss accused of being in 'la-la land'

Paula Vennells is quizzed on how much she knew about remote access to sub-postmasters' computers

You can become a crorepati even with a monthly salary of Rs 25,000 - here’s how

When aiming to accumulate a substantial sum like Rs 1 crore, investing in an equity mutual fund through a systematic investment plan (SIP) is a wise choice.

Dog that inspired 'doge' meme dies

Kabosu, the dog behind the "doge" meme, has died at the age of 18 after enjoying more than a decade of internet fame.

KPMG: UK and Swiss partners vote ‘overwhelmingly’ for £3.5bn merger

Big Four KMPG UK and Swiss partners have voted "overwhelmingly" in favour of merging to become a $4.4bn business

Abrdn needs fresh thinking to stand a chance at revival

Chief executive’s departure underscores asset manager’s struggle to manage its own portfolio

FP&A automation misses the mark for most businesses

Most businesses are using automation to address the wrong financial planning and analysis processes, according to a Gartner r -More- 

Embrace the evolving CFO role and lean into tech, leadership

Sage Group released the "Secrets of Successful CFOs" research report, which reveals that 96% of CFOs believe their role will  -More- 

India's forex kitty reaches new high of $648.7 bn after $4.55 bn jump

India's forex reserves jumped USD 4.549 billion to a new all-time high of USD 648.7 billion for the week ended May 17, the Reserve Bank said on Friday. This is the third consecutive week of increase in the overall kitty, which had increased by USD 2.561 billion to USD 644.151 billion in the ...

Co-founder: Major benefits to working for a startup

Individuals will get much more from working at a startup rather than a larger corporation, says Y Combinator co-founder Paul  -More- 

LinkedIn joins platforms labeling AI-generated content

LinkedIn has partnered with the Coalition for Content Provenance and Authenticity to label AI-generated content in users' fee -More- 

The best way to manage large startup teams

After periods of high growth, you may find your startup with a large team that struggles to be creative, says Infobip CEO Sil -More- 

Where will TikTok users go if it gets banned?

If TikTok gets banned in the US, the most popular choices by users to migrate to instead are, in order, Instagram, Facebook a -More- 

Google Infuses $350 Million In Walmart-Owned Flipkart

Established in 2007, Flipkart has enabled millions of sellers, merchants, and small businesses to participate in India's digital commerce revolution.

Eataly North America scoops up MMGY Wagstaff as PR AOR

MMGY Wagstaff is the culinary and lifestyle arm of MMGY Global.

JPMorgan: AI boom, strong economy to boost S&P 500

The S&P 500 still has room to rise because of strong, AI-driven earnings at Nvidia and a resilient economy, JPMorgan Chase st -More- 

The Business Ties That Bind the U.S. and China Are Strong but Fraying

The prospects for future commerce, and peace, are intertwined, our columnist writes.

Amendment to UK media ownership law hit by parliamentary ‘wash-up’

Clause allowing foreign states to acquire small stakes in newspaper groups was not agreed before end of parliament

Regulatory uncertainty threatens clean H2 growth

Access to low-cost feedstock, sprawling infrastructure and existing expertise make the US Gulf Coast a prime location for cle -More- 

FERC approves 5-year extension for Gulf LNG

The Federal Energy Regulatory Commission has approved a request to extend the completion deadline of the Kinder Morgan-backed -More- 

SCOTUS urged to block climate lawsuits in state courts

A coalition of 19 attorneys general from Republican-led states have petitioned the Supreme Court to stop Democratic-led state -More- 

Route challenges at odds with Permian gas pipeline needs

The Permian Basin will need another major natural gas pipeline soon, but the complexities and costs involved in route plannin -More- 

Subscribe to Shale SmartBrief for more news on the shale industry

How Right Wing Commentators Are Pushing Raw Milk Misinformation

On sites like Infowars, Gab and Rumble, federal concerns about raw milk are seen as overreach, but there are serious health risks and no scientifically proven benefits.

Despite surging demand for long-term care, providers struggle to find workers

Despite growing demand for long-term care, the industry struggles with labor shortages, and experts worry about whether there will be enough workers in the future to care for America’s aging population. Reporting from The Associated Press and CNHI News found the country's direct care ...

Ex-Post Office boss admits removing reference to Horizon system from Royal Mail legal document

Former Post Office boss Paula Vennells has admitted to amending the legal document Royal Mail issued to would-be investors before it became publicly owned to remove mention of the flawed Horizon IT system.

Erik ten Hag beware: 6 managers who won the FA Cup final – and were sacked anyway

Of the last 14 coaches to lift the FA Cup, nine left their job within a year of winning the trophy.

‘He was a consonant force’: The five best psstk social media posts about Abrdn chief’s exit

The City has given outgoing Abrdn chief Stephen Bird a vowel-stripped send off today after the fund chief announced he would be stepping down after four years at the top.

Opec+ switches to online meeting as market expects cuts to continue

Oil cartel cancels in-person ministerial gathering as prices hover around three-month lows

Brooke Shields Elected President of Labor Union Actors’ Equity

She takes office immediately. The previous leader, Kate Shindle, had been president since 2015, and did not run again.

Most UK-focused pension funds lag behind index tracker

Analysis reveals billions sitting in underperforming funds invested in British companies

Workers at Georgia school bus maker Blue Bird approve their first union contract

FORT VALLEY, Ga. (AP) — A year after they voted to unionize, workers at a Georgia school bus manufacturer have approved their first contract. The United Steelworkers union and Blue Bird Corp. said union members at Blue Bird's assembly plants and warehouse in Fort Valley have voted ...

Workday, Intuit fall; Ross Stores, Deckers Outdoor rise, Friday, 5/24/2024

Stocks that traded heavily or had substantial price changes on Friday: Workday, Intuit fall; Ross Stores, Deckers Outdoor rise.

The Shiba Inu that became meme famous as the face of dogecoin has died. Kabosu was 18

The dog that skyrocketed to internet fame and became the face of the cryptocurrency dogecoin has died. The Shiba Inu named Kabosu passed away in Japan at 18 years old, a number of outlets reported. The dog’s owner, Atsuko Sato, said in a post that Kabosu died in her sleep. The account for ...

US, eurozone growth boosting world economy

Business activity in the US and the eurozone is strengthening the global economy.  -More- 

Research: Nuclear less mining-intensive than wind, solar

Nuclear energy has been unfairly categorized for decades as a mining-intensive power source, writes Seaver Wang of The Breakt -More- 

Royal Mail owner finally delivers annual results… and news of an Ofcom probe

Regulators have launched an investigation into Royal Mail after it delivered less than three quarters of first class post on time in the last year.

Can you really turn your house into a power plant?

Virtual power plant programs, and the growing number of retail offers being built around them, are coming at a critical moment in the energy transition.

Big Ten and SEC are again the top conferences in revenue with athlete pay plan on horizon

The Big Ten held a narrow edge over the Southeastern Conference in revenue for the second straight year and the Atlantic Coast Conference again ranked a distant third among the major conferences. Tax filings were released the same week they and the NCAA agreed to a $2.8 billion settlement ...

The feminisation of wealth management is coming

A great wealth transfer will put tens of trillions of dollars into the hands of women

Are These Drones Too Chinese to Pass U.S. Muster in an Anti-China Moment?

U.S.-based Anzu Robotics is selling drones using technology from DJI, a Chinese firm that is the target of efforts by lawmakers to limit Chinese technology in America.

UMass Dartmouth students get a lesson in generosity

At UMass Dartmouth's recent commencement, billionaire Robert Hale Jr.  -More- 

Reflections

Bri is a 23-year-old single mother with a four-year-old daughter; she does sewing work for me.

Musk opposes US tariffs on Chinese electric cars

He previously warned Chinese car makers would "demolish" rivals if there were no trade barriers.

Families of Uvalde victims sue Meta, video game maker and gun-maker on 2nd anniversary of shooting

The families of 19 victims of the Uvalde school shooting have announced new lawsuits against Instagram parent company Meta Platforms, the maker of the video game “Call of Duty” and the gun company that made the assault rifle used in the shooting. They accuse the companies of partnering ...

How Red Lobster got cooked and other indicators

Indicators of the Week is back! On today's episode, we discuss Red Lobster's bankruptcy, the rancid vibes of the U.S. economy, and a surprising shift in vices among Americans.

American Airlines drops law firm that said a 9-year-old girl should have seen camera on toilet seat

American Airlines is changing law firms after a controversial filing in a lawsuit brought by the family of a 9-year-old girl who was recorded using an airplane lavatory. A spokesperson for American confirmed the change in lawyers on Friday. A former flight attendant has been charged with ...

The Emails at the Heart of the Government’s Ticketmaster Case

Live Nation Entertainment, which owns Ticketmaster, is accused of violating antitrust laws. The Justice Department drew on the concert behemoth’s internal communications in its lawsuit.

Target sales decline to start the year, but it sees improvement

Target has posted a decline in quarterly revenue as still higher prices on essentials cut into shopper spending. The Minneapolis retailer also delivered profit results that were below…

Next week! SIFMA FMS Regional Conference, May 29-30 in Chicago

Explore the program for FMS Regional 2024, where industry leaders, subject-matter experts and regulators -- including the SEC -More- 

Beef Tissue from Sick Cow Tests Positive for Bird Flu Virus

Muscle from a sick dairy cow tested positive for the virus. The meat did not enter the commercial food supply, which officials said remained safe.

Google’s AI search tool tells users to ‘eat rocks’ for your health

‘Hallucinations’ in new feature provoke ridicule and raise questions about betting core business on an experimental product

Europe bumps up companies' sustainability obligations

The European Council has directed companies with more than 1,000 employees and annual business exceeding about $500 million t -More- 

Atlantic hurricanes expected to be more intense

The Atlantic Hurricane Season, which begins June 1, is expected to be intense along the Atlantic and Gulf Coasts because of L -More- 

Rebel’s Romance to leave local rivals in his wake

GODOLPHIN-owned REBEL’S ROMANCE appears to have another Group One victory at his mercy, when he lines-up in the feature race of the day, the Standard Chartered Champions & Chater Cup (9.10am) over a mile-and-a-half at Sha Tin on Sunday. Presently rated second in the World’s Best Racehorses ...

Californiatotality can come Storming home

WHILE the Tony Cruz stable are firing on all cylinders at present, having saddled eight winners since the beginning of the month, it would be a folly to ignore his host of challengers on the 10-race programme at Sha Tin. The formbook says the stable’s hat-trick seeking galloper ...

Coles staff told to ‘assist’ shoppers in scanning bulky items to stem theft

Supermarkets and other retailers are stepping up efforts to use new technology to prevent rising levels of shoplifting.

Jobless claims fall again; unemployment at 3.9%

Unemployment levels are historically low, as jobless claims declined by 8,000 to 215,000 the week of May 18.  -More- 

HR leader sees value in combining DEI, ESG efforts

Robert Half International combines diversity, equity and inclusion with environmental, social and governance efforts and sets -More- 

SmartBrief will be closed Monday, May 27

In observance of Memorial Day in the US, SmartBrief will not publish Monday, May 27.

UAW files objection to Mercedes vote, accuses company of intimidating workers

The United Auto Workers on Friday accused Mercedes of interfering in last week's union election at two Alabama factories. The union filed an objection to the result with the National Labor Relations Board. The union accused the company of intimidating and coercing workers into voting against ...

Building society buys Co-op Bank for £780m

The deal will create a financial business with millions of customers and about £89bn worth of assets.

Sub-postmasters beam at inquiry as former Post Office boss finally faces their questions

In the 15-year scandal of the Post Office, this may be remembered as the day that hundreds of sub-postmasters, subject to the greatest miscarriage of justice in British legal history, were finally heard.

NASA Astronauts to Wait Another Week for Boeing Starliner Launch

Officials from NASA and Boeing say they have worked out a solution to a helium leak that has kept the Starliner astronaut capsule grounded.

Prosecutor tells jury that self-exiled wealthy Chinese businessman cheated thousands of $1 billion

A prosecutor told jurors at a fraud trial's start that a self-exiled wealthy Chinese businessman became an internet sensation and conned thousands of people worldwide out of $1 billion. But defense lawyer Sabrina Shroff told the Manhattan federal court jury Friday that Guo Wengui was not a con ...

Why employers should accelerate generative AI training

Employers should start training employees in the use of generative AI as soon as they start their jobs and follow up by monit -More- 

NAW and other trade groups sue DOL over OT pay rule

The National Association of Wholesaler-Distributors and other business groups are suing the federal government over an expans -More- 

U.A.W. Seeks a New Election at Mercedes-Benz Plants in Alabama

The union, which lost an organizing vote at two factories last week, argued to federal officials that the automaker had violated labor laws.

Silicon Valley elite warms to Donald Trump

Tech regulation and taxes behind a shift that some leaders hope will be endorsed by Elon Musk

Sebi tweaks derivative scrips' price band norms

Sebi on Friday modified guidelines for dynamic price bands for scrips in the derivatives segment in a bid to strengthen volatility management and minimise information asymmetry.

Lawsuit filed in the death of dancer with a peanut allergy who died after eating mislabeled cookie

The estate of a 25-year-old dancer who died after eating a mislabeled cookie containing peanuts has filed a wrongful death lawsuit. The lawsuit filed Thursday in Connecticut says Órla Ruth Baxendale died Jan. 11 after eating a Florentine cookie sold by grocery retailer Stew Leonard’s and ...

The junkyard economist

On today's episode, we ride through the streets of San Francisco with a long-time junkman, Jon Rolston. Jon has spent the last two decades clearing out houses and offices of their junk. He's found all sorts of items: a life-time supply of toilet paper, gold rings, $20,000 in cash. Over the ...

Sony India MD quits after decade

Sony Pictures Networks India MD N P Singh steps down after a decade, following the cancellation of a merger with Zee Entertainment Enterprises. Successor search underway.

Listed Options Market Structure -- Looking Ahead

At the 2024 Options Industry Conference, SIFMA's Ellen Greene moderated the panel discussion, "Navigating the Markets During  -More- 

Glad takes it back to Y2K with new scented trash bags

The campaign evokes the style and sounds of the millennium to promote a new line of bags with scents across the Clorox and P&G portfolio.

KPMG merges UK and Swiss firms to tap into wider market

Tie-up is biggest strategic change at accounting and consulting group since Jon Holt took over as UK chief executive in 2021

Directors’ Deals: Balfour Beatty boss cashes in

Group’s short-term prospects look bright, despite cuts to UK infrastructure

It’s time to let shareholders choose the CEO

Companies should ditch the age-old parliamentary system in favour of direct votes

United's SAF fund honored for "impact investing"

Fast Company has honored United Airlines Ventures' Sustainable Flight Fund with an "impact investing" award, recognizing its  -More-