Standard Chartered to cut 15% of back-office jobs as AI use escalates

Bill Winters’ new strategy aims to ‘drive sustainable growth’ at Asia-focused lender

Posted on Tuesday May 19, 2026

SpaceX IPO set to hand $20bn stake to one hedge fund

D1 Capital is among the Wall Street firms in line for big rewards if the rocket maker successfully lists next month

Posted on Monday May 18, 2026

Citi strikes €15bn partnership with BlackRock for private European lending

Deal aims to give bank added firepower to finance private equity dealmaking in Europe and Middle East

Posted on Monday May 18, 2026

UK plans to relax key banking rules set up after 2008 financial crisis

Chief secretary to the Treasury says softening ringfencing regulations would free up £80bn for extra lending

Posted on Monday May 18, 2026

Commerzbank rejects €39bn UniCredit takeover offer

Proposal draws pushback from German lender and Chancellor Friedrich Merz

Posted on Monday May 18, 2026

Putin and Xi to discuss huge gas project at China summit

Talks on Power of Siberia 2 pipeline come just days after Donald Trump’s visit to Beijing

Posted on Tuesday May 19, 2026

Xi told Trump that Putin might ‘regret’ invasion of Ukraine

US president also suggested they should co-operate with Russian leader against the International Criminal Court

Posted on Tuesday May 19, 2026

SpaceX IPO set to hand $20bn stake to one hedge fund

D1 Capital is among the Wall Street firms in line for big rewards if the rocket maker successfully lists next month

Posted on Monday May 18, 2026

Burnham vows to reverse privatisation and austerity if he replaces Starmer

Greater Manchester mayor also insists he will not rip up the UK’s fiscal rules

Posted on Monday May 18, 2026

Trump says he is holding off attack on Iran planned for Tuesday

US president says UAE, Saudi Arabia and Qatar requested Washington suspend operation ‘for two or three days’

Posted on Monday May 18, 2026