By striking at the heart of Iran’s industrial base, Israel has hit a vital source of non-oil export revenue for the Islamic ...

Bill Ackman’s cash-and-shares offer for Universal Music Group — with a headline price of €55bn — has the reverse problem. However much the activist hedge fund manager enthuses other shareholders, his ...

FirstRand, one of South Africa’s largest lenders, is putting its UK challenger bank Aldermore up for sale in response to ...

Reform UK has been accused of threatening Britain’s economy and public services after Nigel Farage’s party announced it would stop issuing visas to citizens of countries that demanded slavery ...

The translator’s debut novel is a funny, moving and skilfully crafted story of obsession, performance and the fantasies that ...

But national prediction markets including Kalshi and Polymarket have clouded the picture significantly. These rapidly growing businesses offer “events contracts” that match customers who want to take ...

A fancy water fountain display at New York’s LaGuardia airport alludes to one of the many reasons behind liquidity challenges at JetBlue Airways. Soaring fuel costs, limited scale and even creeping ...

Investors in cruise line operator Carnival Corporation are racing for the lifeboats. The company’s US-listed stock is down 18 per cent since the US-Israeli attack on Iran triggered a massive increase ...

UK National Cyber Security Centre warns that vulnerable routers will let attackers steal passwords and log-in details ...

Health secretary warns that acceding to further pay rise would lead to wage claims from other staff, as latest six-day strike ...

Bill Ackman’s Pershing Square Capital has offered to buy Universal Music Group in deal that would shift the listing of the ...

Hedge funds have amassed a record number of short positions against European stocks, in a bet that the region will be hard ...