The giant money manager ​wants to remake ​401(k) funds, which hold $11 trln, ⁠into yesteryear's defined ​benefit using annuities and ​private assets. Offloading risk to insurers would help make nest ​...

Boss Lisa Su is using pricey stock to bet ​on tech that could ​help bundle software with chips ⁠for robotics. If it ​works, it could narrow a profitability ​gap with her arch-rival led by Jensen Huang...

Finance Minister ​Karin Keller-Sutter says the $153 ⁠bln bank is ​unlikely to quit ​its home country despite stricter capital rules. ​Moving to the ​US would involve costs ‌and ⁠risks. Yet there are w...

A ​commission found the 10-time English champions used ‌sham contracts to mask $1.1 bln in funding from their Abu Dhabi owner. The soccer club denies it. But sanctions, ​as yet undecided, will test Br...

A top Chinese economist’s call to sell scads of sovereign bonds could increase ​foreign ownership to some 20%, ​ease a funding squeeze and boost ⁠the yuan's global role. Beijing will ​find willing buy...

OpenAI and Anthropic are ‌no saints but publish risk reviews ahead of model releases. Rivals like $38 bln Z.AI and Alibaba ​are less open on safety, partly ​because of a shortage of chips and ⁠capital...

The Italian lender could take control of the board ​of Commerzbank, in which ​it owns a near-50% stake. ⁠To effect a merger, UniCredit ​will need some backing from ​minority shareholders. The governme...

The $59 bln Brazilian neobank ‌may acquire the UK fintech for up to $13 bln, per news reports. Nu's shares slid ​10%, which seems unfair. A deal ​would give it a longer growth runway. ⁠And, perhaps su...

Less ​than one year after opening up to 100% ‌foreign investment, the regulator has issued sweeping proposals aimed at making policies cheaper. It's a bet that soaring commission ​rates are holding ba...

For decades, entrepreneurs quietly ​parked assets offshore in ​Hong Kong and beyond. Beijing’s ⁠fresh scrutiny of this ​hoard will raise revenue for ​the government and reshape stock markets. It also ...

Companies that have been cozy with ​President Trump, including ​by funding his $400 mln gilded ⁠event space, have started ​to squirm. Many, from ​Amazon to Kirkland & Ellis, are likely to face painful...

The UK prime minister will let first-time ‌homebuyers put down just a 2.5% deposit, reviving the 'Help to Buy' scheme of previous governments. The subsidy will help ​housebuilders, but less than inves...

The €45 bln group's investors ‌are cool on a swoop for its German peer that may cost €15 bln including debt. True, ​any deal has to suit Evonik's ​big shareholder and labour unions. But amid ⁠weak dem...

The region's boom ⁠was built ​on German value ​chains, cheap energy and foreign investment, all ​now under ​pressure. Yet growth is set ‌to ⁠top 2%, outperforming western neighbours. Making more ​high...

Accelevation survived the pandemic ‌by pivoting from precision manufacturing to protective partitions. It's now turbocharging growth with AI cooling and ​modular-construction. Depending on how investo...

The software giant's search for relief from a ‌commitment to a server farm has rattled AI lenders. It underscores how construction depends on a few deep-pocketed tech giants. If ​more waver, expectati...

A day after mogul Barry Diller dropped his bid for the casino ​operator, the target may have ​turned the tables. Buying the ⁠magazine publisher to get back ​its $2 billion stake has a bit ​of strategi...

Intesa Sanpaolo’s bid for €36 bln MPS could ​give it a leading ​share of Italian lending and ⁠a grip on insurance rival, ​Generali. Both could mean ​extra antitrust remedies. CEO Carlo Messina can pro...

The data centre ‌operator plans to deploy 461,000 AI chips, but only 5% are in operation. To justify ​a mooted $30 bln valuation the ​London-based group will need to complete 12 ⁠new server farms on s...

Private ​owners of ports, pipelines ⁠and roads ​now manage some $1.5 ​trln as data centers and power providers attract ​record sums. ​Buyers are paying up ‌to ⁠30 times EBITDA for the privilege, howev...

An Australian health ‌portal is the latest victim of a hacking attack by an OpenAI agent. The US company's ​slow disclosure adds to the concerns. ​Rules for reporting cyber breaches are voluntary ⁠and...

The continent produced just two ‌advanced models last year – against 35 from China and 59 from the US. But it doesn’t ​need Silicon Valley superintelligence to capture ​value from AI. Pairing less-fla...

Barry Diller's ‌offer to take private casino giant MGM Resorts, valuing it at $18 bln, would have left ​his group, People, more exposed to ​China. Weak results from MGM's Macau ⁠unit and Beijing's int...

The Chinese giant unveiled new chips that mark ​its transformation from telecoms-kit maker ​to AI champion despite Western ⁠sanctions. Massive spending on ​innovation has eroded profitability and supe...

Cipher Digital, TeraWulf ⁠and Hut 8 ​are leasing ​the electricity they once used to generate ​digital coins ​to chatbot operators. Rival ‌IREN ⁠instead built a one-stop server-farm shop. Investors val...

The Claude maker’s public debut is slipping, forestalling a moment of ​truth for Big Tech. Vast ​revenue backlogs depend on $500 bln of ⁠commitments from the company. Finally ​seeing the underlying ec...

The $174 bln ‌weight loss pioneer plans to expand in new treatments. Yet a promised extra $23 ​bln of revenue by 2035 ​will barely offset the loss of ⁠sales as its core Wegovy franchise ​comes off pat...

Swiss lawmakers voted for rules requiring the bank to back ​its foreign units with 90% common equity. UBS says this threatens ‌the long-term viability of its business model. For Chair Colm Kelleher, m...

Regulators may water ‌down a new system that calculates end-of-day share prices after volatility spiked in the $5 trln stock ​market. But that would ignore the key ​lesson earlier adopters like Hong K...

The bloc wants Beijing to limit imports of plug-in hybrids to 15% of ​market share, the FT reports. ​It echoes a 1980s deal with ⁠Japanese carmakers but lacks the ​same bite. Still, as Brussels' patch...

The mega-bank is eyeing ​yet another takeover ​target: Palmer Square, a corporate ⁠debt shop that manages $37 ​bln. Few peers have ​used their deregulation windfalls so acquisitively. Although boss Da...

Meta’s Muse, an AI agent for mundane chores is a ​viral hit, with downloads ​outpacing ChatGPT or Claude. It ⁠has added nearly $200 bln to ​the company’s value. Despite many ​flops —the metaverse, fin...

Over $40 ​bln has been ⁠wiped from AstraZeneca ​and Novartis in ​recent weeks as investors question their M&A ​playbooks. Yet ​returns from in-house research are ‌falling, ⁠and pipelines of new drugs ...

Wizz Air ‌has been rocked by engine issues, conflicts in Ukraine and the Middle East, and Covid-19. ​The £1 bln carrier’s 2030 targets ​suggest fleet growth below prior goals, and ⁠margins lower than ...

China’s leader is set to arrive ​in Washington as his ​US counterpart confronts a protracted ⁠war with Iran and ​a potential midterm election ​beating. Shared hopes to extend their tariff truce favour...

The cost for freight fuel has risen about twice as fast as gasoline used ​by cars. The shock means ​higher shipping prices and inflation. Consumers ⁠have paid $112 bln more at the ​pump since the star...

Boss David ‌Ellison is settling with a California-led group that sued to stop its $110 bln deal ​for Warner Bros, despite federal assent. ​It took only minor concessions. Tinseltown’s ⁠favorite foundi...

The €56 bln ‌French bank is among Europe’s lowest-valued lenders. It expects cost cuts, AI savings, ​and an efficient digital to ​lift returns above 15% by 2030. Rivals are ⁠further ahead. At least CE...

Shareholders dislike a ‌possible merger with $180 bln T-Mobile US, which the $150 bln German carrier half-owns. A spinoff ​of the stake would make sense, ​but seems unlikely. A middle-ground option ⁠w...

Coin-flip contracts peddled by Polymarket, ‌Robinhood and others are booming toward $1 trln. Kalshi may soon be worth $40 bln, a near-doubling in mere months. ​Sports trading and Wall Street adoption ...

Rather than dump their ​full stash of long-term bonds into a fragile market, ‌officials will keep £120 bln and sell some to the Treasury. It erodes the pretence that the central bank isn't involved in...

The central ‌bank hiked to 1.25% but its governor’s comments missed markets’ hawkish hopes despite pressure ​from the US Treasury secretary. The ​prime minister has meanwhile vowed to pursue ⁠her fisc...

A power struggle between the ​Indian group’s holding company and its owners has $260 bln ‌of Tata stock on a rollercoaster ride. But the moves underestimate how the turmoil can hurt operating companie...

Reappointing outgoing chair Chandra pits ‌the $260 bln Indian group against its 65% owner, which called the move illegal. A protracted crisis looks inevitable. ​It threatens investment in Air India, c...

Americans aren’t selling homes because they are bound to borrowing costs ​that are far cheaper ​than new loans. The result is ⁠that it reduces supply the ​same way rent freezes backed by ​New York May...

Despite Middle East disruption, the continent is entering ​winter with gas storage ​only 70% full, a record ⁠low. Companies are better ​hedged than in 2022, while ​warmer El Niño weather and returning...