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Bessent’s yen intervention signals new era of US ‘currency activism’

Bessent’s yen intervention signals new era of US ‘currency activism’

Bid to support Japan’s currency shows US is ready to scupper trades that push against its interests...

1 week ago
OpenAI hits back at Apple over ‘oddly personal’ trade secrets fight

OpenAI hits back at Apple over ‘oddly personal’ trade secrets fight

Legal clash deepens after an AI partnership over devices gives way to acrimony...

1 week ago
BP to sell $4bn US biogas business as profits more than double

BP to sell $4bn US biogas business as profits more than double

UK oil major has had several approaches for its North Sea assets, says chief...

1 week ago
HSBC resumes share buybacks as quarterly profits soar to $10.1bn

HSBC resumes share buybacks as quarterly profits soar to $10.1bn

Wealth management and insurance business in Hong Kong boosts Europe’s biggest lender...

1 week ago
US states accuse Trump administration of ‘sham’ tariff probe

US states accuse Trump administration of ‘sham’ tariff probe

More than 20 attorneys-general launch legal challenge to duties for alleged forced labour violations...

1 week ago
Palantir forecasts greater demand from US groups for its AI software

Palantir forecasts greater demand from US groups for its AI software

Tech company posts second-quarter results with US sales climbing 23%...

1 week ago
AstraZeneca and Bristol-Myers: when Big Pharma isn’t big enough

AstraZeneca and Bristol-Myers: when Big Pharma isn’t big enough

Sheer mass helps when enlarged balance sheets allow for bigger bets on potential blockbuster drugs...

1 week ago
AstraZeneca investors raise concerns over mega-merger talks

AstraZeneca investors raise concerns over mega-merger talks

Shareholders question looming patent cliff and antitrust risks in potential $400bn tie-up with Bristol Myers Squibb...

1 week ago
UBS fined $125mn over lax money laundering controls

UBS fined $125mn over lax money laundering controls

Swiss bank failed to implement adequate curbs despite previous sanction by US regulators...

1 week ago
Japan vows further yen intervention with US if needed

Japan vows further yen intervention with US if needed

Finance minister Satsuki Katayama confirms joint action with Washington to counter ‘disorderly movements’...

1 week ago
Struggling to make sense of AstraZeneca-BMS

Struggling to make sense of AstraZeneca-BMS

All about oncology? A cardio workout? Patent-cliff avoidance? American dreaming?...

1 week ago
Football has given Europe a rare geopolitical victory

Football has given Europe a rare geopolitical victory

Players like Lamine Yamal and Jude Bellingham are Europe’s rare earths...

1 week ago
AstraZeneca holds talks with Bristol Myers Squibb over $400bn tie-up

AstraZeneca holds talks with Bristol Myers Squibb over $400bn tie-up

Deal would create world’s fourth-largest drugmaker by market value...

1 week ago
Todd Blanche confirms scrapping of $1.8bn ‘slush fund’ ahead of confirmation vote

Todd Blanche confirms scrapping of $1.8bn ‘slush fund’ ahead of confirmation vote

Acting US attorney-general U-turns on ‘anti-weaponisation fund’ after two Republicans threaten to torpedo nomination...

1 week ago
Iran says deal with Oman to manage shipping through Hormuz is close

Iran says deal with Oman to manage shipping through Hormuz is close

Negotiations on agreement seen as critical to preventing the US-Iran war from escalating said to be in ‘final stages’...

1 week ago
America’s biggest companies report ‘rock solid’ profits as consumers face higher costs

America’s biggest companies report ‘rock solid’ profits as consumers face higher costs

S&P 500 groups on track for strongest earnings in five years...

1 week ago
‘Crush this lady’: how eBay harassment campaign led to $56mn payout

‘Crush this lady’: how eBay harassment campaign led to $56mn payout

Employees’ cyberstalking of Boston couple involving macabre deliveries ended in jail time and financial settlement...

1 week ago
Iran sets the pace in war with Trump

Iran sets the pace in war with Trump

Tehran’s military raised the stakes with Washington by further expanding the battle across the Middle East...

1 week ago
Infantino’s U-turn fuels doubts about his future at Fifa

Infantino’s U-turn fuels doubts about his future at Fifa

The president of football’s governing body was expected to stand for re-election unopposed, but now criticism is mountin...

1 week ago
Sánchez hits out at EU leaders over criticism of Spain’s migrant crisis

Sánchez hits out at EU leaders over criticism of Spain’s migrant crisis

Prime minister calls for meeting of bloc’s home affairs ministers as tensions over immigration policy mount...

1 week ago
Fifa abandons $20bn investment plan after global backlash

Fifa abandons $20bn investment plan after global backlash

Uefa says it has lost confidence in Infantino’s leadership after climbdown...

2 weeks ago