Owner of world’s largest car collection has over 7,000 vehicles in his possession
Sultan Hassanal Bolkiah has the world's largest private car collection filled with luxurious vehicles, including hundreds of Rolls-Royces.
U.S. banks are gaining in Europe, and their stocks are beating European and U.K. rivals
European banks remain unloved, especially compared to their American and British counterparts.
Tesco accused of ‘squeezing’ village stores out of business
Independent retailers, many running post offices, say wholesale arm Booker is restricting supplies and deliveries, the Guardian newspaper reports.
China money managers rush to create funds tracking new A50 index
SHANGHAI : Chinese money managers are rushing to create funds tracking the newly-launched CSI A50 Index, which analysts say is a better reflection of China's economic landscape and government priorities than the country's stock benchmarks.China's benchmark blue-chip CSI300 Index slumped 11 per cent in 202
Emirates NBD, Jarir Bookstores team up to enhance services
Mubasher: Emirates NBD and Jarir Marketing Company (Jarir Bookstores) inked a cooperation agreement to enhance the customer experience by offering exclusive services and benefits to their clients. The joint deal aligns with the two entities’ …
Warning to UK households in 30 towns and villages who have a bank account
Over half of UK's bank and building society branches have shut since January 2015, the research has found
Family offices are giving top staff equity and profit shares in battle for talent
Family offices are surging in size and number, and competing more directly with private equity firms and venture funds for top staff.
CDK brings some auto retailers back on dealer management system
:Software maker CDK said on Friday it had brought two small groups and one large publicly traded group of auto retailer liveon its dealer management system, following an outage caused by a cyber attack.CDK, which did not name the vehicle dealers, added that it was continuing its phased approach to the
FTX to sell two-thirds of Anthropic stake for $884 million, with buyers including Jane Street and funds managed by Fidelity
Crypto exchange FTX is selling two-thirds of its stake in AI company Anthropic for $884 million, according to court documents.
Corruption holds small businesses back
Ghana study reveals two strategies to avoid the traps.
Auction houses aim to lure Asia’s ultra-rich with new openings
Bonhams, Christie’s, Phillips and Sotheby’s open Hong Kong headquarters and expand exhibition spaces and sales.
Tesco, Asda, Morrisons and Sainsbury's shoppers urged to check cupboards as goods pulled from sale
The Food Standards Agency has issued a number of recalls
As Red Sea issue flares, UAE, Saudi businesses look to suppliers outside of Europe - and keep costs down
UAE, Saudi importers, shippers work on lower cost options as Red Sea issue keeps flaring
Cyberattacks top concern for businesses in Ireland
Cyberattacks and data breaches are the top risks for Irish business, according to a new study.
Car rental company accused of bilking billions of kyats from owners and clients
A car rental company that can be said to be the biggest fraud in the car rental community has defrauded billions of kyats from vehicle owners and its clients, according to the car rental community. The company that cheated was a vehicle rental company named King Throne located at the corner of Bogyoke Aung San Road and Thein Phyu Road.
China removes state media article on plans to merge bad debt asset managers with sovereign wealth fund
Beijing pledged last Monday to strengthen the "inherent stability" of its capital markets and improve market confidence.
Look: $46.2-billion projects lined up with private money in Philippines
New law, known as Republic Act 11966, seen giving infrastructure buildup a huge boost
FPIs have turned buyers in leading banks
New Delhi: FPIs have made a major comeback to India in December. Even though FPIs made an investment of Rs 9,000 crore in India in November, they were
Homeowners scrambling for cash breathe new life into second-lien mortgage market
Second-lien mortgages have been getting a new lease on life as more borrowers tap their homes for cash two years since the Federal Reserve began jacking up...
Companies are issuing tons of debt to pay their private equity owners and their investors
PE firms are loading portfolio companies up with debt to take advantage of lower borrowing costs and pay their investors.Getty Imaes Private equity-owned
New campaign ramps up support for small businesses in U.S.
The Biden administration is ramping up its support for small businesses as it launches a new campaign to help local startups.
RBI Deputy Governor flags risks of using AI in banking sector
RBI Deputy Governor M. Rajeshwar Rao on Monday said that development and deployment of AI models in the banking sector need close human supervision commensurate with the risks that can materialise...
Challenges and opportunities: How to navigate fundraising in the TechBio sector | EU-Startups
Fundraising in the Techbio sector is both an art and a science, and more than any other sector, it requires a deep understanding of the industry, a
NDIC pays over N1.7b to customers of closed banks
Bello Hassan, Managing Director/Chief Executive Officer, NDIC, said this at the 2023 NDIC Editors Forum, on Saturday in Lagos.
How councils bully small business owners into repainting their stores
Councils are bullying them into repainting their stores because of they believe the unnatural colours cause the buildings to look 'garish' and not 'sympathetic to the area's heritage and history'.
Bitcoin miners sink millions into AI businesses, seeking billions in return
Bitcoin miner Core Scientific is expanding its AI business through a $3.5 billion partnership with cloud company CoreWeave.
WA Health cuts hundreds of jobs as federal COVID funds run out
Washington’s Department of Health has cut over 300 employees who helped with the state’s pandemic response and hundreds more of these jobs are on the chopping block as federal COVID aid dries up. The department already slashed 356 positions and...
PGA Tour secures up to $3 billion from U.S. investors as LIV Golf merger hangs in the balance
Strategic Sports Group's investment in the PGA Tour comes as the professional golf organization's merger with the Saudi-backed LIV Golf is up in the air.
Karnataka: Premium liquor rates drop, but new pricing will take longer to kick in
Under the rationalisation, the government had asked distillers to keep the declared price less than or equal to declared price offered by the manufacturer to other States.
Currency outside banks up by 300% as economy slips into cash hoarding
Data sourced from the Central Bank of Nigeria (CBN) suggest the economy may be relapsing to cash hoarding again a year after the chronic currency scarcity even as the proportion of currency in circulation that is held outside the banking system has returned to the pre-naira redesign level.
World’s top funds pile into real estate, cash and commodities
Investment funds with $256 billion of assets under management piled out of bonds, banks and insurance companies
Tower honing in focus on personal and small business insurance
The insurance company is quitting the commercial rural sector to 'simplify and improve efficiency.'
Toilet and kitchen roll firm looking to expand
Family business in move to build new warehouse as trade grows
UAE Central Bank permits banks to postpone personal and car loans for six months
Loan deferral option for customers affected by the repercussions of the weather
High street bank is offering £185 to new and existing customers
Anyone opening a new Santander account can get £185 within 90 days
Trump-allied Republicans are changing the GOP's approach to labor, free markets and regulation
To Trump-allied neopopulists, corporate CEOs are not the GOP's allies in a war with big government. They are "woke" elitists, pushing liberal cultural values.
FPIs have turned buyers in leading banks
FPIs have made a major comeback to India in December.
Sinn Féin to bring forward motion to increase tax on bulk buying of homes for private rental
The opposition party wants to see stamp duty on such purchases increased from 10% to 17%.
Indian restaurants in Colorado duped massive investors' money on the pretext of bogus expansion plans
State regulators in Colorado are suing the owners of two Indian restaurants, Bombay Clay Oven and Saucy Bombay. The lawsuit alleges the owners used false information to convince investors to fund a nationwide expansion.
E-way bills rise as businesses push goods in December
E-way bills saw a dip in November from a historic high of over 100 million in October that marked a surge in festive demand for goods.
Turkish banks secure $40m Murabaha deal with ITFC to boost private sector financing  
RIYADH: Turkiye’s private sector is poised to benefit from Murabaha financing, with two of the country’s banks signing a total funding deal of $40 million with the International Islamic Trade Finance Corp. ITFC, a member of the Islamic Development Bank Group, has announced the completion of two Murabaha financing deals valued at $20 million each with Vakif Katilim Bank and
Toilet and kitchen roll firm in £30m expansion
Family company's plans to extend premises and build new warehouse
UK renters set to have £800 added to their bank accounts from April
Millions will see £800 added to their bank accounts on average - as Local Housing Allowance soars in April.
Swiss private bank Pictet backs Britain with £200m investment
Pictet is understood to be looking at companies in education and IT, as well as sectors such as facilities management.
Google laying off staff again and moving some roles to 'hubs,' freeing up cash for AI investments
Restructure of finance teams will see some leave, and other roles created in Mexico City, Bangalore, and US cities
Restaurant chain to close up to 100 branches
Hundreds of restaurants are now under review with some set to close for good
TGI Fridays to go public through merger with its U.K. franchisee
The new company will be publicly traded on the London Stock Exchange under the ticker "TGIF."
How AI can brush the dust off the old wealth management industry
Despite the rapid advancement of AI and technology, many financial advisers have continued to use old systems that, in some cases, date back decades.
New proposals to keep cash in circulation welcomed
The Chief Executive of Irish Rural Link has welcomed proposed legislation that will keep cash circulating in society as more people turn to digital payments.
New shops and flats planned for closed Barclays bank branch in Newcastle's West End
Plans have been unveiled to transform the closed Barclays on Westgate Road, opposite The Beaco
last updated on 20 Sep 01:58