Evergrande: Shares dive again as China property giant says it can’t issue debt September 25, 2023 Shares of China Evergrande plunged as much as 24 per cent on Monday after the embattled developer said it was unable to issue new debt
Aviva picks up rival’s protection business in £460m deal September 25, 2023 Insurance giant Aviva has acquired AIG's UK protection business for just shy of half a billion pounds, the firm confirmed this morning.
UK growth set to slow as economy experiences ‘renewed signs of stress’, KPMG warns September 25, 2023 The UK economy will “struggle to keep its head above water” for the remainder of this year as it is experiencing “renewed signs of stress,” KPMG warned today.
British Business Bank says ‘social benefit’ is high as it swings to yearly loss September 25, 2023 The government-owned British Business Bank has said UK taxpayers will feel the long-term benefits of plugging billions of pounds into small firms after revealing it swung to a loss of more than £147m last year. The UK’s economic development bank said it was impacted by wider economic difficulties which led to a drop in the valuation of firms [...]
The Notebook: Gabriela Hersham on flexi spaces for a flexi city, supporting the next generation and a parable about friendship September 25, 2023 Nurturing new talent requires real thinking about the future of the workplace
Westminster under water: Bank regulator suggests stress tests for sudden and extreme climate events September 24, 2023 The head of the UK’s banking regulator has suggested testing the country’s financial system to see if it could withstand extreme and sudden climate events, such as Westminster ending up under water.
Wall Street suffers more pain at end of worst week in six months September 23, 2023 Wall Street wheezed to more losses on Friday as it limped to the end of its worst week in six months. The S&P 500 slipped 9.94 points, or 0.2%, to 4,320.06 after a late-day swoon erased a modest gain it had held for most of the day. It capped an ugly slide caused by Wall [...]
Arrested woman re-bailed until next year after Wimbledon school crash September 23, 2023 A woman arrested after a Land Rover crashed into a prep school in south-west London, killing two eight-year-old girls, has been re-bailed until January. Nuria Sajjad and Selena Lau died after a car crashed through a fence and collided with a building at The Study Prep school in Camp Road, Wimbledon, on the morning of [...]
There is a risk humans could lose control of AI machines, says deputy PM September 23, 2023 The UK’s summit on artificial intelligence will look at protecting “humanity’s future” by countering the risk of “losing control of the machines”, the Deputy Prime Minister has told world leaders. In a speech setting out the opportunities and dangers of AI, Oliver Dowden told the United Nations’ General Assembly that the daily rate of progress [...]
Sunak reportedly considering ‘outlawing cigarettes for the next generation’ September 23, 2023 Downing Street has not denied reports that the Prime Minister could accept a recommendation that would effectively ban cigarettes for the next generation. Rishi Sunak is considering introducing some of the world’s toughest anti-smoking measures by steadily increasing the legal age for consuming tobacco, according to The Guardian, which cited Whitehall sources. Last year a [...]
