Blackstone, Apollo and KKR sign up to UK stress test of private credit

US private capital groups to take part in Bank of England review amid concerns over systemic risks

Posted on Monday December 01, 2025

Steve Cohen moves closer to gaining lucrative New York City casino licence

Hedge fund manager wins approval from key regulatory board to build gambling complex

Posted on Monday December 01, 2025

BNP’s Sudan scandal presents investors with a valuation puzzle

Seemingly large scandals can translate into unexpectedly small impacts

Posted on Monday December 01, 2025

OpenAI takes stake in Thrive Holdings in latest circular deal

Deal means start-up will take share in group set up by Josh Kushner’s Thrive Capital

Posted on Monday December 01, 2025

Torbjörn Törnqvist quits Gunvor after pressure over Russia links

Co-founder to hand $6.6bn commodities trader to group led by US head Gary Pedersen

Posted on Monday December 01, 2025

OpenAI takes stake in Thrive Holdings in latest circular deal

Deal means start-up will take share in group set up by Josh Kushner’s Thrive Capital

Posted on Monday December 01, 2025

NHS medicines budget set to increase by 25% in push to avoid Trump tariffs

UK move aims to make it easier for drugs to be approved for use in order to secure carve-out from import levies

Posted on Monday December 01, 2025

Starmer admits he planned to break manifesto pledge on income tax

PM defends last week’s Budget and says ‘there was no misleading’ about economic forecasts

Posted on Monday December 01, 2025

Trump, Xi, Putin and the strongman race

The Chinese leader is ending the year in a better position than his American and Russian counterparts

Posted on Monday December 01, 2025

Will Volkswagen’s radical revamp be enough?

A year after revealing plans for capacity cuts and job losses in Germany, some think more retrenchment is needed

Posted on Monday December 01, 2025