Sea Ltd.’s historic 29% tumble erased close to $10 billion from its market value, wiping out a quarter of co-founder Forrest Li’s fortune overnight while darkening the shopping and gaming leader’s prospects.
The yield on 10-year US Treasuries is at the top end of its range, providing a good entry point for investors, according to Steven Major, global head of fixed-income research at HSBC Plc.
Nigel Farage’s Coutts fiasco highlights extent of debanking phenomenon, where numerous barriers to banking mean one in 10 Muslims in Britain don’t have an account.
(Bloomberg) — A record of the Federal Reserve’s July policy meeting due Wednesday is set to show only a minority of officials favored holding interest rates steady over the remainder of the year, according to Bloomberg Economics.
A British startup spun out from University College London and the University of Bristol raised £13 million ($16.5 million) to develop algorithms designed for quantum machinery, such as those being developed by Alphabet Inc.’s Google and International Business Machines Corp.
Rishi Sunak has spent months saying he wants the UK to lead the world in developing and regulating artificial intelligence. That strategy is finally taking shape.
Abcam Plc founder Jonathan Milner is threatening to resume a boardroom battle at the biotechnology supplier he started 25 years ago, weeks after the company said it would explore a sale.
For the wave of executives turning into digital nomads since the pandemic, there’s nowhere more accommodating than Dubai.
A sharp slowdown in residential construction in Sweden over the past two years threatens to worsen a housing shortage in the biggest Nordic country.
Investors are turning more wary on Tencent Holdings Ltd. hours before China’s most valuable company reports quarterly results.
