British banking stocks experienced a notable rally on Tuesday amid accumulating evidence that the sector would avoid additional taxation in the imminent budget. Market enthusiasm grew following reports indicating Treasury …
Rachel Reeves is preparing to raise £7.5bn by freezing income tax thresholds for two years, reversing earlier expectations that she would increase income tax rates. The chancellor abandoned plans for …
SoftBank has sold its $5.8 billion stake in Nvidia to finance its growing investment in OpenAI, marking a major reorientation in its AI strategy. The move underscores a global trend …
The UK is set to carve out its own regulatory path on climate finance following the high-profile failure of a global banking coalition. The Net Zero Banking Alliance (NZBA) officially …
The future of artificial intelligence is at a crossroads, and the test case is OpenAI’s $1.4 trillion budget. This staggering sum, earmarked for the chips and datacenters needed to power …
European industry leaders are expressing significant alarm as the United States prepares to expand its “steel derivatives” tariff list, a move that could see hundreds of new products facing steep …
The average cost of a UK home has surged to a new record high, brushing the $pounds$300,000 mark after the fastest monthly price rise since January. According to the latest …
UK banks have been handed a reprieve ahead of the 26 November budget, as Chancellor Rachel Reeves has reportedly decided against increasing taxes on the sector. The move, aimed at …
Global stock markets tumbled this week as investors began to question whether the spectacular rise in artificial intelligence (AI) valuations had gone too far. The sell-off, which began in the …
Norway’s sovereign wealth fund, the world’s largest, has announced it will vote against Tesla’s proposed $1 trillion pay package for Elon Musk at the automaker’s upcoming annual meeting. The fund, …