Section
Business
DSE turnover plummets to 7-month low
Trading volume on the Dhaka Stock Exchange fell to a near seven-month low at Tk146 crore despite modest gains in the main indices, reflecting cautious…
BofA profits drop 17% after $1.2bn penalty from Treasury
Bank of America reported a 17 percent drop in third-quarter profits to $6.9 billion after allocating $1.2 billion for regulatory fines related to money laundering…
Labour’s inheritance tax toll is mounting on UK family businesses
The Labour government's 2026 inheritance tax reforms have reduced relief on business property, placing increased financial strain on UK family-owned firms and sparking fears over…
Netflix to slash 1,000 jobs as growth concerns mount
Netflix plans to cut approximately 1,000 jobs, or 6 percent of its workforce, mainly affecting product, technology, legal, and HR teams as it confronts slowing…
Maersk shops for vessels in strategy U-turn
Maersk has ordered 26 new large container ships, bringing its total vessels on order to 131, as part of a fleet expansion plan aimed at…
Blueprint emerges to 'reset' African sovereign debt and foster growth
The Africa Credit Rating Agency was established in Mauritius under the African Union’s mandate to offer more impartial risk assessments for African economies and address…
Growth companies chase grey pound
Britain's ageing population is driving rapid growth in companies offering retirement planning, home adaptations, and tech-enabled care services, with the pensioner demographic expected to increase…
Top Freshfields partners eye carve-out for AI division ‘probably worth billions’
Senior partners at Freshfields are considering spinning off their AI division, Freshfields Lab, into a separate company that could be valued at billions and attract…
Gold Fields woos investors in bid target
Gold Fields has initiated an investor outreach campaign in Australia to gain support for its A$39 billion takeover bid for Northern Star, aiming to create…
Badenoch fears Budget will hit banks
Kemi Badenoch, leader of the Conservative Party, has warned that proposed increases in bank taxes in the upcoming Budget could slow economic growth and weaken…
Schillings sets up private investigations business with US law firm
UK law firm Schillings is launching CLS Vision, a private investigations and intelligence business in partnership with US law firm Clare Locke, led by former…
Jump in US inflation deepens pain for voters ahead of key midterm elections
US inflation rose to 3.7 percent in September, driven by a sharp increase in fuel prices amid geopolitical tensions related to Iran. This unexpected uptick…
AI mega-rounds make life harder for venture capital industry
AI startups led global venture capital funding in Q3 2026, with mega-rounds over $100 million making up 80% of total inflows and driving larger but…
Founders find way to grow in the gloom
British entrepreneurs have sustained impressive growth across various sectors despite political and economic uncertainty, as shown by a new ranking of the UK’s fastest-growing companies…
Global diesel prices could rise again in coming weeks, warns IEA
The International Energy Agency warns that global diesel shortages will continue until at least mid-2027 due to Middle East conflicts, refinery attacks in Russia, and…
Berkshire adds $330mn to Bending Spoons stake
Berkshire Hathaway increased its stake in technology firm Bending Spoons by $330 million, raising its total investment to 4 percent through a new share placement.…
Airbus bullish over meeting output targets despite supply chain pressure
Airbus confirmed it remains on track to deliver around 870 aircraft by the end of 2026 despite supply chain delays and quality issues affecting key…
Japanese banks and insurers buy $34bn of domestic bonds
Japan’s largest banks and insurance companies increased their purchases of domestic government bonds by ¥5.4 trillion between April and August 2026 while reducing their foreign…
Tata battle has the potential to reshape India Inc
The Tata Group is experiencing a power struggle between executive chair N Chandrasekaran and Tata Trusts chair Noel Tata over leadership and the future strategy…
Investor appetite for data centre IPOs is reaching its limit
Three major data centre companies—AirTrunk, Firmus, and SB Energy—have recently delayed or canceled their planned IPOs due to investor caution and valuation challenges. This signals…
Saudi Arabia has to show it can keep working even under fire
Houthi attacks on Riyadh’s airport have exposed vulnerabilities in Saudi Arabia’s critical infrastructure, challenging the kingdom’s Vision 2030 goal of becoming a regional hub for…
Profitability at Europe’s oil refineries falls as costs soar
European oil refineries are facing sharply reduced profitability due to rising crude oil prices and unprecedented transportation costs, pushing some margins into negative territory. If…
Kraken owner buys European lender as digital groups take on traditional banks
Payward, the parent company of crypto exchange Kraken, plans to acquire Lithuania-based Saldo Bank to combine digital asset services with traditional banking under a fully…
Unshackle workers from non-compete clauses
Prime Minister Andy Burnham has pledged new legislation to limit non-compete clauses, which now affect over 25% of UK workers and restrict their ability to…
London’s gold market enjoys the Trump effect
The Dutch central bank transferred over 78 tonnes of gold from New York to London to enhance access during crises and leverage London’s status as…
Lufthansa to buy stake in Portugal’s TAP carrier
The Portuguese government has agreed to sell a 44.9 percent stake in TAP Air Portugal to Lufthansa for just over €1 billion, with the deal…
Start-ups seize on wellness boom in body- and mind-conscious UK
FuelHub, a premium meal delivery start-up, has rapidly expanded its weekly supply to 27,000 meals and plans to triple output by 2027 amid growing UK…
Neobanks exploit SME lending gap to win race to profit
Digital challenger banks in the UK have captured around 60 percent of SME lending in 2024 as traditional banks reduce their exposure to smaller business…
Europe’s arms stocks send a geopolitical distress signal
Shares of major European defence companies have fallen significantly over the past six months despite strong projected profit growth and heightened geopolitical tensions. This decline…
Olympus shares lose 13.5% after FDA warning
Olympus shares fell 13.5 percent after the FDA issued a new warning about ongoing manufacturing quality issues, marking the company's biggest daily drop since 2011.…