Business
Aston Martin shares surge 14% on profitability forecast for 2023
Shares of British luxury carmaker Aston Martin Lagonda surged, as the company’s positive 2023 guidance offset pretax losses last year.
Persimmon warns new home sales may fall 40% on current trends
Market slowed sharply last year after lenders raised rates in response to disastrous UK mini-budget
Why TikTok is being banned on government phones by everyone from the U.S. to the EU and Canada
So how serious is the threat? And should TikTok users who don’t work for the government be worried about the ...
Crypto boom helped drive Revolut to first annual profit
Fintech company’s long-delayed results for 2021 show revenues nearly tripled
‘Father of the cell phone’ says one day we’ll have devices embedded under our skin
Future generations will have devices “embedded under the skin of their ears,” according to Marty Cooper, who is widely considered ...
UK house prices post largest decline in a decade as higher rates bite
Nationwide figures show a greater than expected 1.1% drop in February
Energy efficiency neglected in fight to cut emissions, warns Danish boss
Too much focus on renewable power and not enough on issues such as reusing excess industry heat, says Danfoss’s Kim ...
$33 billion fintech giant Revolut reports first-ever annual profit
Revolut reported revenues of £636.2 million in 2021, three times what it made the previous year, and swung to a ...
US lawmakers increase scrutiny of China with new House committee
Panel pledges to investigate ‘ideological, technological and military threat’ of Chinese Communist party
Allfunds shares drop after Euronext withdraws bid
European exchange operator pulls cash-and-stock offer for fund platform
Nigerian ruling party candidate declared winner in highly disputed election
Nigeria’s ruling party candidate Bola Tinubu was declared the winner of Nigeria’s presidential election on Wednesday.
Asian and European stocks rally on robust Chinese economic data
China’s manufacturing sector expands at fastest pace in more than a decade
Aston Martin losses more than double to £495mn in 2022
Luxury-car maker hit by costs of delivering Valkyrie hypercars, foreign exchange movements and expensive debt
Zoom shares jump on better-than-expected fourth-quarter results
While Zoom’s earnings guidance was better than expected, the company continues to see a dramatic slowdown in growth from the ...
After Carlyle hires an outsider as its next CEO, a 3-decade veteran of the private equity giant is leaving
Pete Clare’s departure will allow the new CEO, former Goldman Sachs Co-President Harvey Schwartz, a free hand in remaking the ...
EU and UK strike Brexit deal on Northern Ireland
Rishi Sunak hails ‘new chapter’ in relationship with Brussels after meeting European Commission president
UK cities set to host fintech hubs to help drive innovation
Government-backed plans will be co-ordinated by new Centre for Finance, Innovation and Technology
Millennials in their 30s have racked up a historic $3.8 trillion in debt
The debt accumulated by millennials could widen the wealth gap with other age groups and hurt their ability to save ...
Murdoch acknowledged some Fox hosts endorsed stolen US election claims
Lawyers for news channel deny media mogul had an active role in publishing fraud claims at issue in defamation case
Altria nears deal to buy e-cigarette maker Njoy for at least $2.75bn
Tobacco group targets vaping company after writing down investment in Juul
Robinhood received SEC subpoena shortly after FTX collapsed
The subpoena is another potential threat to Robinhood’s struggling crypto business. Read More
Mark Zuckerberg goes big in the chatbot wars by creating a team at Meta focused on building A.I.-powered ‘futuristic experiences’
Facebook’s parent company is trying to keep with buzzy A.I. tool ChatGPT. Read More
Migrant boat breaks apart off Italy; dozens are dead, 80 survive
At least 45 migrants died when their wooden boat broke apart off southern Italy before dawn Sunday, the Italian coast ...
Cannabis, drones, and Wahlburgers: Native Americans push beyond casinos after pandemic ‘eye-opener’
“The fact that the casino revenues went from millions to zero overnight just fully reiterated the need for diverse revenue ...
Chinese smartphone giant Xiaomi takes aim at Samsung and Apple with latest $1,000 device
Xiaomi launched the Xiaomi 13 and Xiaomi 13 Pro in international markets at Mobile World Congress.
Stock-market believers say ‘stage still set’ for U.S. economy to accelerate in second half of year
The stock market slump may be discouraging, but it shouldn’t be a shock based on historical patterns. Read More
Upstart NFT marketplace Blur has left OpenSea in the dust—for now
Over the past 30 days, Blur has recorded $1.04 billion in trading volume compared with OpenSea’s $479 million. Read More
Putin is too confident he can grind down Ukraine, CIA director says
CIA Director William Burns said Russian President Vladimir Putin is being “too confident” in his military’s ability to grind Ukraine ...
EU chief to travel to the UK to finalise Brexit deal
European Commission president Ursula von der Leyen to meet Rishi Sunak to discuss Northern Ireland’s trading regime
