UBS has suspended withdrawals from a €400mn European real estate fund for up to three years, in a dramatic move that underscores growing investor anxiety over global economic instability linked to escalating
Daily Mail owner DMGT announced on Saturday that it has reached a £500 million ($650 million) agreement to acquire The Telegraph, a transaction that would unite two of Britain’s major right-leaning newspapers
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Bitcoin is on track for its worst monthly performance since the 2022 crypto market collapse, dropping as much as 6.4% on Friday to $81,629, Bloomberg reports. Ethereum and a host of smaller
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Big tech giants are increasingly turning to public debt to fund AI-ready data centers, a shift from their traditional reliance on cash reserves. Since September, hyperscaler companies—including Alphabet, Meta, Oracle, and Amazon—have
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The surge of artificial intelligence has transformed the data center industry into a goldmine for executives, founders, and investors, Bloomberg reports. Once a quiet corner of the tech world, data centers—facilities that
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The US Securities and Exchange Commission is considering whether its auditor independence framework — designed to prevent conflicts between accounting firms and their clients — is outdated in an era where AI
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Tata Group is facing its most serious internal conflict in years as a feud intensifies between the founding Tata family and key shareholders over whether to list Tata Sons, the conglomerate’s unlisted
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HSBC Holdings Plc is overhauling its trading division as part of Chief Executive Officer Georges Elhedery’s drive to transform the bank into a debt financing powerhouse. According to a memo seen by
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China is exploring a fresh set of measures to revive its struggling property market, raising concerns about the broader stability of the country’s financial system, Bloomberg reported, citing people familiar with the
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Elon Musk’s artificial intelligence venture xAI is closing in on a fundraising round of roughly $15bn, a move that would lift the company’s valuation to about $230bn, according to people familiar with
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Temasek Holdings Pte. has been “forced to hedge” its US dollar exposure this year as the greenback’s slide weighs on returns for global investors, according to Chief Executive Officer Dilhan Pillay. Speaking
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