Volvo Cars shares plunge as much as 30% after it swings to loss
Swedish carmaker to cut another 2,500 jobs and warns that the market ‘has not reached the bottom’
Posted on Friday October 23, 2026Anthropic strikes deal to launch European consultancy
New company backed by Anthropic and UK buyout group Hg will advise companies on how to deploy AI
Posted on Friday October 23, 2026Credit insurers cut cover on struggling UK housebuilder Crest Nicholson
Coface and Allianz Trade have reduced their exposure to the company in moves that could further squeeze its cash flow
Posted on Friday October 23, 2026Should UK banks be taxed more?
Financial services sector bracing for higher levies as chancellor looks for ways to repair public finances
Posted on Friday October 23, 2026Europe’s largest landlord exposed to €8bn hit from Berlin apartment plans
Vonovia vulnerable to compulsory purchase of 120,000 flats under proposals from winners of state election
Posted on Friday October 23, 2026Global tech rout sparks flight to safety
Asian stock markets follow Wall Street lower as Japanese bonds and yen rally
Posted on Friday October 23, 2026US is prepared for long stand-off with Iran, says Trump envoy
Mike Waltz warns Tehran it must reach a ‘meaningful agreement’ on its nuclear programme
Posted on Friday October 23, 2026Beware Bessent’s tilt towards short-term debt
If inflation and debt rise and AI optimism falls, then the danger of reducing Treasury maturities grows
Posted on Friday October 23, 2026Credit insurers cut cover on struggling UK housebuilder Crest Nicholson
Coface and Allianz Trade have reduced their exposure to the company in moves that could further squeeze its cash flow
Posted on Friday October 23, 2026Calpers retreats from Big Tech as AI rally falters
California’s retirement fund slashed Magnificent 7 holdings as doubts grow about lofty valuations and soaring spending
Posted on Friday October 23, 2026