Australian bank cuts 2,500 jobs as sector outlook sours

NAB reduces workforce by 6% to adjust to ‘evolving operating environment’

Posted on Tuesday October 20, 2026

The Goldman scions atop Evercore and Perella Weinberg

Peter and John Weinberg are grandsons of the legendary Sidney Weinberg and their respective roles have been in the spotlight

Posted on Tuesday October 20, 2026

Marina mania: super-rich compete for superyacht slots

A shortage of places to park the world’s growing fleet of luxury vessels is driving up prices — and turning marinas into a hot new asset class for investors

Posted on Tuesday October 20, 2026

AIX sold the Dubai dream to investors. Now it is struggling to repay them

Prospective clients who flocked to the Burj Khalifa were promised double-digit returns but thousands are now facing losses

Posted on Tuesday October 20, 2026

New York pensions chief says private equity firm sought to expense jet use

Head of city’s $326bn Retirement Systems hits out at ‘steady creep’ higher in fees charged by managers

Posted on Monday October 19, 2026

Alberta voters set to reject separation from Canada, early results show

Referendum in oil-rich western province had threatened new turmoil for Mark Carney amid stand-off with Donald Trump

Posted on Tuesday October 20, 2026

Louis Vuitton and Hermès among luxury retailers looted in French riots

Authorities are working to stop stolen goods being resold online through platforms such as Vinted, Amazon and eBay

Posted on Tuesday October 20, 2026

AI debt worries spark surge in default insurance trading

Volumes of credit default swaps linked to big tech groups soar as investors seek protection against boom unravelling

Posted on Tuesday October 20, 2026

Why the UK government is living on borrowed time

The Labour Party’s plan for an expanded state sits uncomfortably with a precarious fiscal backdrop

Posted on Tuesday October 20, 2026

Can Africa outgrow China?

IMF says continent’s GDP to expand faster than China for first time in decades as it beats worst expectations following Iran war

Posted on Tuesday October 20, 2026