Turnover and profit at the UK arm of X fell sharply in its second year after being taken over by Elon Musk, it has been revealed. The division’s turnover was …
Financial Planning
European Firms Seek Sovereign Clouds for Compliance, Resilience
European enterprises are accelerating their adoption of sovereign cloud solutions to address stricter regulations, geopolitical risk and growing demands for data sovereignty and transparency, according to a new research report …
Allianz and Anthropic Forge Global Partnership to Advance Responsible AI in Insurance
Allianz SE and Anthropic today announced a global partnership to accelerate the adoption of responsible Artificial Intelligence (AI) at Allianz. The collaboration centers on three transformative projects within Allianz Group …
City pushes back against closer ties with EU
Keir Starmer’s plan to foster closer economic ties with the European Union is likely to exclude financial services after senior City figures pushed back against the reintroduction of EU regulations. …
FTSE 100 miners in talks for £190bn blockbuster merger
The global mining landscape is bracing for a seismic shift after Rio Tinto and Glencore confirmed they are in talks regarding a potential merger. A tie-up between the two FTSE …
FTSE 100 Live: Retail feels the pinch as consumers tighten pockets
Good morning and welcome back to the City AM liveblog. It was Britain’s retail sector taking centre stage yesterday amid a fresh influx of corporate updates that gave a snapshot …
Make this the year Britain stops punishing wealth creators
Britain is now a £1 trillion tax state with the biggest differential between high and low earners in the OECD. Our top 10 per cent face rates comparable to Denmark …
Fiscal rules are a ‘self-awarded badge of honour’ that ‘make no difference’
Fiscal rules are “largely ineffective” and fail to impose discipline on public expenditure, a new report has said, bringing into question claims made by UK Chancellors and the International Monetary …
London arts sector must learn to speak corporate to save itself
To protect the vital arts sector, London’s creatives must learn the corporate walk and talk, writes Austin Casey A lack of arts funding and the knock-on effects of this on …
Lotus Emira Turbo SE review: A driving experience to savour
The Lotus Emira always felt like a good car with a great one trapped inside, trying to crowbar its way out. Can this new Turbo SE liberate the Emira’s untapped …