Jeremy Hunt Announces Significant Tax Cut Amidst Downturn in Growth Forecast
Hunt defended the move, asserting that it aligns with the government's commitment to supporting businesses and individuals during challenging times.
Oil Prices Fall After OPEC+ Postpones Meeting
International oil prices fell Wednesday after a key ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies was pushed back from Sunday to November 30.
Arbitration Bill To Make UK A Global Leader in Legal Business Disputes Handling
The UK government has sought to change the £2.5 billion worth of British arbitration services through an Arbitration Bill, which seeks to modernise the procedure better to resolve legal disputes for businesses.
Staff Protest Leads to Sam Altman Return as OpenAI CEO Less Than One Week After Being Fired
The tech entrepreneur, who was ousted from his own company after being accused of "not being candid" with the board, was poised to start a new position at Microsoft as leader of a new in-house AI team.
OpenAI Board Member Ilya Sutskever Expresses Regret For Sam Altman's Ousting
After nearly 500 OpenAI employees threatened to resign, Microsoft and Salesforce are trying to rope in researchers from the AI company.
Binance To Pay Billions In US In Money Laundering Case, CEO Resigns
Binance chief executive Changpeng Zhao pleaded guilty Tuesday to US money laundering violations, in a deal that will see the cryptocurrency exchange he founded pay over $4 billion in penalties.
Global Stocks Retreat As Rally Shows Sign Of Fatigue
Global stock markets gave up some recent gains Tuesday following mixed results from retailers as Wall Street digested Federal Reserve minutes that suggested interest rates could stay high for a while.
Bullish Exchange Led by Tom Farley Acquires CoinDesk Amid Crypto Market Surge
The acquisition, executed as an all-cash transaction for 100 per cent ownership of CoinDesk, was sealed with the financial terms kept confidential.
Elon Musk Wants OpenAI To Reveal The Reason Behind Sam Altman's Ouster
OpenAl cofounder Ilya Sutskever wanted to proceed with Al development more carefully than Sam Altman, given the potential risk the technology poses to society.
Sam Altman joins Microsoft after being ousted from OpenAI
Altman was ousted from his AI startup company by board members less than a week ago, after being accused of not being "consistently candid in communications".
Nasdaq Leads As US Stocks Extend Rally While Treasury Yields Fall
Wall Street stocks extended a heady run Monday, with tech shares leading the advance as US Treasury yields retreated and artificial intelligence stayed a hot commodity.
London Mayor Sadiq Khan Aims To Be 'Pro-Business' With New Investment Announcement for UK SMEs
London Mayor Sadiq Khan has launched a first phase of business funding worth £62 million to help UK SMEs in and around London to scale up, creating more jobs in the region.
OpenAI Investors Trying To Reinstate Sam Altman As CEO, But The Board Isn't Interested
Sam Altman has reportedly been discussing the idea of launching a new AI venture after the OpenAI board ousted him.
Renault Tries To Lure Investment For New Electric Car Unit
French automaker Renault on Wednesday held an investors day for its new electric vehicle subsidiary Ampere, hoping to win over investment with slashed costs and an electric car costing less than 20,000 euros ($21,600).
Women Entrepreneurs Are Still Being Called Incapable Businesswomen
A new report highlights how female entrepreneurs are repeatedly met with social biases that impact their future career trajectory and earning potential.
Shadow Chancellor Rachel Reeves Plans Pensions Reform to Revitalise UK's Sluggish Economic Growth
Reeves' vision for pension reform envisions redirecting a significant portion of retirement savings towards bolstering the growth of British businesses.
Global Stocks On Cautious Footing Before Key US Inflation Data
Wall Street stocks finished mixed on Monday while European markets recovered from heavy selling last week, as traders awaited key US inflation data amid concerns over the prospect of another interest rate hike next month.
UK Global Investment Summit Draws Global CEOs and Innovators to Boost Economic Prospects
The summit, jointly hosted by Prime Minister Rishi Sunak and Business Secretary Kemi Badenoch, aims to position the UK as a leading global business destination and attract billions of pounds in strategic investments.
US Stocks Tumble After Fed Chair Says Another Rate Hike Possible
US stock markets declined Thursday after Federal Reserve Chair Jerome Powell indicated interest rates may be hiked again, if needed, while European indexes finished the day with solid gains.
WeWork Bankruptcy a Warning to Others – What Can Be Learned
The loose culture that characterised WeWork should have served as an ominous warning sign but the board clearly missed or ignored it.
Oil Slumps Below $80 As Stocks Wobble
Brent crude fell below $80 per barrel for the first time since July on Wednesday, while stocks struggled, as concerns about the economic outlook weighed on investors.
UK Housing Market Poised for Recovery as Savills Forecasts Bottoming Out in 2024
Savills, a fancy estate agency, says that the worst might be over, and house prices are expected to stop falling by next summer.
US Stocks Push Higher But Europe Slides
Wall Street stocks pushed higher on Tuesday on continued hopes of an end to global interest-rate hikes but Europe and Asia were weighed down by concerns about weak growth.
Stock Rally Loses Steam As Economic Concerns Return
A rally in stock markets on hopes that interest rates have peaked lost some ground Monday, as traders focused on concerns over weak economic data and conflict in the Middle East.
Tech Giants Jockey For Position At Dawn Of AI Age
Whether they sell smartphones, ads or computer chips, the heavyweights of Silicon Valley have everything to prove to investors looking to see who is best placed in the race to dominate the generative artificial intelligence market.
The New Age of Digital Investment Platforms
Since the 'digital revolution', private equity professionals have been trying to come up with new ways...
Bank of England Holds Interest Rates At 5.25% for Second Time
Nine members of the Monetary Policy Committee (MPC) voted 6-3 in favour of maintaining the current rate, in a move that was widely anticipated.
Bitcoin Wins Boost On Hope Of Broader Trading
Bitcoin's price has risen strongly in recent weeks with the United States possibly set to allow a popular type of trading in the cryptocurrency that would further normalise the asset.
Global Stocks Mixed, Yen Falls Ahead Of Fed Decision
Global stocks were mixed Tuesday following uneven economic data while the yen tumbled against the dollar ahead of a Federal Reserve decision.
Oil Slumps On Easing Fears Of Mideast Regional War
World oil prices sank Monday as traders hoped a region-wide conflict could still be avoided and Israel said its forces killed dozens of Hamas militants in clashes in Gaza.