BUSINESS

PARTNER
Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester

Sterling holds gains after rising on UK trade deal with EU

The pound held steady on Tuesday, retaining gains overnight after Britain struck a new trade deal with the European Union, which brightened the outlook for the post-Brexit UK economy and signalled improved relations between London and the bloc.
More news
German share price index DAX graph is pictured at the stock exchange in Frankfurt

Stocks limp toward biggest weekly fall of the year

World shares limped toward their biggest weekly fall of the year on Friday, though investors took heart from a brief dip in government bond yields as the incoming Bank of Japan chief ruled out an early end to its super-easy monetary policy.
A branch of Barclays Bank is seen, in London

Investors favor allocations to macro, credit funds

Investors such as pension funds and family offices plan to increase allocations to credit and global macro hedge funds in 2023, although their overall appetite for hedge funds is weaker this year, a survey by Barclays PLC showed on Friday.
The European Central Bank is photographed during sunset in Frankfurt

Germany bids to clear the rocky path for foreign talent

Costa Rican Alex Madrigal, a trained economist, had his visa approved in May last year in just six hours, although that was just the beginning of the hurdles he faced in settling in Germany, despite the country's chronic skills shortage.
Jensen Huang, CEO of Nvidia, shows the Drive Pegasus robotaxi AI computer at his keynote address at CES in Las Vegas

Nvidia results show its growing lead in AI chip race

As the artificial intelligence boom takes off, Nvidia Corp is expected to emerge as the biggest - though not the only - winner among chipmakers after years of focusing on the technology has made it a go-to supplier for tech firms.