IBM loses quarter of its value as tech giant’s shares plunge and profits falter
IBM issued profit warning after weak second quarter, triggering selloff in software sector including Microsoft
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Buffett omits gift to Bill Gates’ foundation after his Epstein ties disclosed
Billionaire Warren Buffett omitted Bill Gates ′ foundation from his annual donations this year after disclosures of the Microsoft co-founder’s ties to convicted sex offender Jeffrey Epstein . Buffett will donate about $…
Read more →T rex fossil ‘Gus’ sells for $50.1m at New York auction, setting new record
A vast, fossilized Tyrannosaurus rex nicknamed Gus sold at Sotheby’s in New York on Tuesday for $50.1m with fees (£37.4m) to a phone bidder – making it the most valuable dinosaur fossil sold at auction.
Read more →PRA and FCA propose new captive insurance regime to drive UK growth and competitiveness
Innovative new proposals aim to establish the UK as a centre for the fast-growing captive insurance market. This will support economic growth, leverage the UK market's expertise and cement its position as the location o…
Read more →US inflation rate eases to 3.5% as gasoline prices fall
Inflation in the US eased last month as the cost of filling up at the pumps fell, official figures show.
Read more →New member appointed to the Regulatory Decisions Committee
The FCA Board has appointed Dan Lavender as a new member of its Regulatory Decisions Committee (RDC).
Read more →‘If we die, we die together’: wife of Ryanair passenger almost sucked through window speaks
A woman who saved her husband from being completely sucked out of a Ryanair plane mid-flight has said she thought as he held on to his legs: “If we die, we die together.”
Read more →Johnson government wasted £10bn on PPE, Covid inquiry finds
Boris Johnson’s government wasted £10bn of public money because of the flawed way it went about buying personal protective equipment during the coronavirus pandemic, an official inquiry has concluded.
Read more →Streamlined rulebook to save asset managers £128m a year
The FCA has proposed a package of reforms that would tailor requirements proportionately for asset managers, cut costs for firms and give better data to supervise the sector more effectively.
Read more →China’s monthly car exports top 1m for first time as overall trade soars
China’s monthly car exports topped 1m for the first time in June as overall overseas shipments from the world’s second biggest economy rose 27%.
Read more →ECB selects 36 payment service providers to join digital euro pilot
The European Central Bank (ECB) has selected 36 payment service providers (PSP) from across the euro area to participate in the digital euro pilot. The pilot exercise is crucial for testing the digital euro’s technical …
Read more →South East Water to pay £30.5m penalty after multiple supply failures
South East Water will pay £30.5m after a series of supply interruptions, customer failings and for breaching its licence, the regulator Ofwat has said.
Read more →US refunds $81bn in Trump tariffs after supreme court ruled them illegal
The US government has already paid back tens of billions of dollars in tariffs it collected before the supreme court ruled them illegal, according to budget figures released on Monday.
Read more →UK’s alcohol-free beer boom threatened by regulations, trade body warns
BBPA wants content definition for beer to be considered alcohol free to be changed from 0.05% to 0.5%
Read more →North Sea oil industry urges Burnham to approve new drilling in UK waters
The UK’s North Sea oil industry has made a last-ditch attempt to curry favour with the Labour government by appealing to Andy Burnham’s reindustrialisation agenda just days before he is expected to become Britain’s next…
Read more →World Cup and sunshine prompt UK consumers to splash out on beer and online shopping
Relentless sunshine and the World Cup coaxed consumers to spend more on beer and online shopping last month, with purse strings expected to remain loose as England fans gear up for Wednesday’s semi-final.
Read more →The secretive crypto firm backed by Farage's biggest donor
In fact, the single biggest buyer of the precious metal last year was a company you've probably never heard of â a crypto firm called Tether
Read more →Lawyers to investigate claims of GB power grid cover-up over blackout risk
Great Britain’s grid operator has brought in independent investigators to look into accusations that its staff were involved in a cover-up over the power system being at a greater risk of blackouts during the heatwave.
Read more →US state attorneys general file lawsuit in effort to block Paramount merger
A dozen US state attorneys general are seeking to block the $110bn merger of Paramount Skydance and Warner Bros Discovery, arguing in a lawsuit filed on Monday that it would hurt competition and lead to higher prices fo…
Read more →Lancashire chemicals factory facing potential legal claim announces closure
More than 90 residents have expressed interest in contamination claim against AGC Chemicals Europe
Read more →Airline pilot skywrites ‘I’m bored’ over north-west England
A mischievous airline pilot spelled out his tedium by skywriting “I’m bored” over an estuary in north-west England.
Read more →Piero Cipollone: Interview with Jornal de Negocios
The European Parliament gave the digital euro the green light last week. Do any major hurdles still remain or is the way clear for the project to be implemented?
Read more →Isabel Schnabel: How to foster growth and resilience in Europe
Geopolitical tensions, soaring asset valuations and financial innovation have put the topic of financial stability back on the agenda. But today, people are talking about hedge funds, bond market functioning, private cr…
Read more →Britons to use e-gates in Switzerland as Starmer seals £5.2bn trade deal
British nationals can expect shorter passport queues at Swiss airports and border crossings after a £5.2bn trade deal was sealed by Keir Starmer, likely his last big international agreement as prime minister.
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