Starmer looked at softening £100,000 ‘tax trap’ for higher earners
Andy Burnham’s government is not considering a similar move against 60% rate viewed by economists as a dysfunction in tax system
Fed report finds it was ‘too timid’ in tackling risks at Silicon Valley Bank
New review calls for overhaul of bank supervision
PizzaExpress cooks up sale at up to £500mn valuation
Company owners, including Bain Capital’s special situations unit and Cyrus Capital Partners, are working with bankers at Rothschild
Gavin Newsom advances AI ‘kill switch’ in response to safety fears
California’s governor signals tougher stance on the technology after public outcry
Stockpickers: Glenveagh, Wickes, Big Technologies
Our experts discuss which companies to buy, sell or hold this week
Ex-Apollo executive admits to improperly using company documents
Imran Siddiqui had been sued by buyout group’s Athene unit over his rival start-up
VW warns of hit of up to €10bn from Porsche writedown and restructuring costs
Shares in Europe’s largest carmaker fell as much as 7% as it continues to struggle in the competitive Chinese market
Yen sinks after BoJ raises rates to highest level since 1995
Authorities warn of further potential currency intervention after central bank move fails to buoy currency
Airlines demand millions in compensation over UK air traffic outage
Under-fire air traffic agency blames ‘legacy’ software bug and says it is planning to invest £1bn in its systems by 2033
The relentless creep of Britain’s compliance state
While some rules are just fiddly and frustrating, others do real harm
Warren Buffett’s son to succeed his father as Berkshire Hathaway chair
Conglomerate says the elder Buffett will take on role of chair emeritus
Thelma & Louise review — slow-moving stage musical can’t find its own road
The story is as relevant as ever, but the defiance and soaring voices of the performers don’t quite save this new spin on the film at London’s Young Vic
France calls G7 summit on releasing more oil reserves
Supply concerns have been worsened by an attack on a Saudi pipeline
Anthropic and the golden rules of business
Shifts in technology and geopolitics mean the ideal of the perfect company is changing
Court shines a further light on who was at fault in SVB implosion
Federal judge rejects claims that criticism of bank executives was based on hindsight
The merits of friction-maxxing
Pushing against the move to seamless online efficiency can make us happier and safer
Ministers explore limiting political party spending outside UK elections
Concerns over political donations grow after two cryptocurrency billionaires pledged £72mn to Reform UK
Warshing the walk
Fed chair Kevin Warsh delivered the rate rise as was widely expected at September’s rate meeting
Canada plays down EU ‘associate member’ label
‘We’d rather people focus on the substance,’ says ambassador-designate to the EU
Hackers target ships’ satellite links
Mechanisms from engines to navigation are connected to ‘edge devices’ that make them vulnerable, warns cyber security group
Former Wells Fargo asset manager Allspring explores $4bn sale
Deal by private equity owners would follow a string of transactions that have reshaped the industry
Labour conference set to vote on new AI regulator as cabinet concerns grow
Motion brought by union to replace AI Security Institute comes as minister opens door to strengthening legislation
Swiss sports brand On signs Kylian Mbappé in blow to Nike
Group targets long-term partnership with French star, similar to relationship with tennis great Roger Federer
Why Scott Bessent should pay attention to Turkey’s market scandal
It does not take a fraud to cause problems when markets get overstretched