breaking business news Archives

Chancellor Rishi Sunak has asked the Bank of England to think “creatively” in ensuring the UK’s financial services industry remains…

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Financial services firms have said they have moved £1.3tn from the UK to the EU since the 2016 Brexit referendum. Data…

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Restaurant workers wearing faceshields, facemasks and gloves prepare food at the reopening of iconic LA restaurant Pink’s Hot Dogs on…

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The political economies of the Arab world present a fascinating but puzzling paradox. On the one hand, the region’s trajectory…

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Since the onset of COVID-19 pandemic, there has been ongoing debate about the future of cities in a post-pandemic world,…

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M&G, the UK-listed fund management group, will begin to phase out coal across its investments, making it the latest asset…

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The boom in special purpose acquisition companies – or Spacs – is set to continue and this year looks on…

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Pressure is mounting on SoftBank-backed Greensill Capital after major backers signalled moves to halt trading in and out of the…

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JPMorgan will not make a Covid-19 vaccination mandatory but will take a “carrots and sticks” approach to vaccines and the…

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Players from the National Football League were among the first to voice their support. Then came Stacey Abrams, the Democratic…

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Softbank has announced it has reached a $1.6bn settlement to a lawsuit brought against it by ex-WeWork chief executive Adam…

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WASHINGTON — Senator Elizabeth Warren, Democrat of Massachusetts, introduced legislation on Monday that would tax the net worth of the…

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The EU will propose Covid-19 passports to facilitate travel within the bloc later this month in time for the summer,…

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Over 60s are now being invited to receive the coronavirus vaccine, health secretary Matt Hancock has said, as a hunt…

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Greensill Capital is headed toward a rapid unraveling after Credit Suisse Group suspended $10bn of investment funds that fuelled the…

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Technologies such as automation and artificial intelligence are influencing jobs and workflows across every major industry. However, businesses that want…

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Swedish payments giant Klarna has closed a fresh $1bn financing round, pushing the company’s valuation up to $31bn ahead of…

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Credit Suisse said it suspended a group of private investment funds tied to supply-chain finance assets created by SoftBank-backed specialty-finance company Greensill…

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Jane Fraser wants to simplify Citigroup the original megabank. That won’t be easy. On 1 March, Fraser took over as chief executive…

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Credit Suisse Group is looking at ways to reduce ties to Greensill Capital over concerns about the specialty finance firm’s…

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“You just got to scrape along and gut it out,” he said. “We’re really struggling to get by.” But in…

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It’s hard to get a foothold in the labor market when it is crumbling beneath your feet. Young people just…

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The former head of continental European equity capital markets at Barclays has secured a new role leading corporate development at…

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Leaders of the European Union have agreed that a “digital vaccination certificate” is necessary to allow travel within the bloc.…

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Investment banking fees at JPMorgan in the first quarter are likely to be up over 30% on the same period…

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Breadcrumb Trail Links News Energy Economy Commodities Alberta’s payments to service ballooning debt exceeds corporate taxes Author of the article:…

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WASHINGTON — Katherine Tai, President Biden’s pick for United States trade representative, promised lawmakers during her confirmation hearing on Thursday…

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The number of individuals filing first-time claims for state unemployment benefits fell sharply last week, with a total of 730,000…

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Apprenticeships are an overlooked solution in the United States for increasing access to quality jobs and expanding the pool of qualified talent. As an…

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David M. Rubenstein, Co-Founder & Co-Executive Chairman, The Carlyle Group. David A. Grogan | CNBC Carlyle Group co-founder David Rubenstein told CNBC…

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Let’s be frank with each other: London’s enduring success as a global financial centre reaches well beyond any of the…

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The Investment Association has been called out for a lack of ethnic diversity on its board, after itself urging some…

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KPMG UK has kicked off the race to succeed Bill Michael as chief executive after he resigned over a backlash…

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The chair of the global banking unit at Boston Consulting Group in London has joined regulatory technology firm Napier as…

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Travel should be able to resume on 17 May but it is dependent on “lots of factors, many of which…

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US investment bank JPMorgan Chase and the Sutton Trust have launched a £4.8m bursary fund for university students to improve…

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WASHINGTON — Automakers have been forced to halt production because of a lack of computer chips. Health care workers battling…

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Leo Arduini was skiing in Italy last February when he realised just how much of a threat Covid-19 would pose…

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Companies will have to resume reporting their gender pay gap reporting from October 2021, the Equality and Human Rights Commission…

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Breadcrumb Trail Links News Economy Episode 90 of Down to Business podcast Author of the article: Gabriel Friedman Publishing date:…

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HSBC cut bonuses to its top investment bankers by 11% last year, but nearly doubled redundancy payouts for executives in the…

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The American economy remains far from healed and the Federal Reserve is in no hurry to dial back its support,…

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Mid-ranking bankers at HSBC in London are braced for more cuts as the bank looks to shift more leadership and…

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Mass working from home will continue until June at the least under a roadmap to exit lockdown laid out by…

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As the City tries to become more diverse, companies are considering who to turn to for answers. In 2021, diversity…

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Elon Musk no longer holds the title of the world’s richest man after Tesla’s shares dropped 8.6% on February 22,…

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Nomura has rolled out a mentorship programme for hundreds of analysts and associates, as investment banks increasingly pull out the stops…

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Standard Life Aberdeen, the FTSE listed asset manager, has sold the Standard Life moniker to UK insurer Phoenix Group —…

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Billionaire hedge fund mogul Alan Howard and a selection of current and former Goldman Sachs partners are among the backers…

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A funny thing happened on the Senate floor in the wee hours of February 5. As senators worked through a…

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