It has also diversified geographically — limiting the impact of tax loophole closures. The US accounts for less than half of Temu’s global GMV, compared with 100 per cent three years ago, when the app ...

Yet GSK is clearly healing from its multiple comorbidities — the worst of which was the (now largely resolved) legal overhang related to heartburn medicine Zantac. Chief executive Emma Walmsley also ...

The world’s biggest drugmaker Eli Lilly has forecast that profits for the year will beat expectations, after two choppy quarters when disappointing sales of its blockbuster weight-loss drugs led to ...

Moreover, the SNB has other tools in its armoury, such as outright currency interventions to weaken the Swiss franc. Morgan Stanley reckons that Switzerland’s central bank will continue to defend the ...

The Bank of England has halved its 2025 growth forecast and cut interest rates by a quarter-point to 4.5 per cent, as it contends with a stagnant UK economy and an increasingly uncertain international ...

Also in today’s newsletter, bookmark our new US trade tracker for all the latest data amid the prospect of an all-out trade war ...

Employees were informed on Wednesday that Evelyn de Rothschild, one of the most prominent members of the 256-year-old dynasty, left the bank after an investigation into a sexual misconduct complaint ...

Bombardier separately announced strong results for the fourth quarter, with full-year revenues rising 8 per cent to $8.7bn, driven by a record performance in its services business, and 146 aircraft ...

Quiet competence is no longer an adequate currency in politics. Having won as a change party, Labour knows it must get a lot better at looking like one.

The best way to treat cancer, and many other health conditions, is to discover them early. Almost all women diagnosed with stage one breast cancer survive for five years or more, according to Cancer ...

While ETF inflows were “minimal” on Tuesday, single-stock buys exceeded sells by $3.2bn, the broker found. That’s about $1bn more than the second-biggest daily inflow on record, in March 2020. Per the ...

The BoE’s forecasts suggest it will only cut rates two more times over the next three years on the back of higher inflation and weaker underlying growth capacity. The 7-to-2 vote to cut rates with a ...