Julian Hale covers corporate power and the people who wield it — boardrooms, deals, and the money moving behind the headlines. Meticulous, well-sourced, and hard to impress with a press release.
The failures sent stopping distance from 38 to 140 metres and left drivers without conventional foot brakes. China's government has since published draft rules requiring 30,000km of road testing before any new model can go on sale.
THORChain co-founder Chad Barraford called the blacklisting of four USDT vaults unprecedented, saying the platform had no contact with Tether before or after the action. The episode comes as EU regulators give crypto firms until 8 January 2027 to drop services tied to noncompliant stablecoins such as USDT.
Yuriy Ryzhenkov says Russian strikes forced both of the company's steel mills to halt in August and September. A 60% cut to Ukraine's EU steel quota and a tightening seaport blockade have compounded the pressure.
The company persuaded TotalEnergies to oppose a proposed deal with Kazakhstan's government over a sulfur-handling penalty at the oil field. ExxonMobil has said its plan to expand Kashagan depends on the dispute being resolved first.
The FCC has barred DJI from selling new drones and cameras in the US after the Pentagon labelled it a Chinese military company. Insta360, its smaller Shenzhen rival, is moving in — and the US already accounts for 30% to 40% of its revenue.
Finance ministers agreed to expand ESMA's powers over major market operators, but scaled back the original plan. Deutsche Börse stays under German supervision, and the number of trading venues under direct EU oversight falls from 12 to 8.
Emails involving Levi's, Hanes and Scotts Miracle-Gro sit at the centre of the state's price-fixing claim. Amazon says its conduct is pro-competitive and saves customers money.
France wants to farm 20,000 tonnes of salmon by 2030. A five-year investigation by The Outlaw Ocean Project found that the fishmeal feeding those fish has left a trail of pollution, worker deaths and protests across 64 countries.
Regulators in Italy, Norway and Denmark are examining whether Activision Blizzard, King and Mojang broke EU consumer-protection rules. The inquiry focuses on in-game currencies, dark patterns and parental controls, with minors among those at risk.
The publishers say OpenAI used reporting from 19 of their titles without permission to train its AI models. They want every GPT model built on their content destroyed, alongside damages of up to $150,000 per infringed work.
Storage costs have fallen 93% since 2010, tipping the economics against the gas peaking plants grids rely on during high-demand periods. Wood Mackenzie expects the gap to keep widening.
The crypto firm has renamed its $1.25 billion acquisition Hidden Road as Ripple Prime, putting it in direct competition with banks in the business of financing and clearing trades. The US leveraged-ETF market it is targeting holds more than $256 billion in assets across 593 funds.
The German retailer's chief executive travelled to Moscow to request the move, fearing it would otherwise be caught off guard. Putin signed the decree on 28 September; Metro retains formal ownership but has lost operational control of a business with €2.6 billion in annual sales.
Russia struck Bunge's facility in Dnipro on 10 September, the latest in a string of hits on Ukraine's processing and export network. Traders are reporting delays of up to 60 days on Black Sea shipments, and India — the world's largest sunflower oil buyer — is looking elsewhere.
The Hague found that Merck infringed Halozyme's drug-delivery patent and ordered MSD BV to halt manufacturing, marketing and imports of Keytruda SC in Belgium, Denmark, France, Ireland, Italy, Sweden, Switzerland and the Netherlands. The intravenous version of Keytruda is not affected.
The European Commission is reworking its CORE proposal — a fixed annual charge on large companies — to capture more revenue from Apple, Meta and Google without triggering US tariff retaliation. Most of the 27 member states currently oppose it, and any revised version needs their unanimous approval.
The Iraqi Oil Tankers Company chartered a supertanker for the voyage after its own fleet shrank from 23 vessels to six small ships. Baghdad now wants to buy modern crude carriers to cut its near-total reliance on foreign operators.
The canal authority is reducing daily crossings from 36 to 32 and tightening draft limits from September 15. The same lakes that keep the locks running also supply drinking water to more than half of Panama's population, and both have fallen to critically low levels.
Circle's terms allow it to pause redemptions in the EEA when reserve assets held outside the Eurozone cannot be transferred for rebalancing. EU retail holders can already wait up to five business days for a payout after verification.
The US naval blockade has effectively halted Iranian crude exports since mid-July. Refiners that built their businesses on sanctioned Iranian barrels are now scrambling for replacements at sharply higher prices.
Global investment banks including Citigroup and JPMorgan have moved into chip-backed lending across Asia, a market once led by private credit funds. Lenders face hard questions about GPU depreciation, technology obsolescence and US export restrictions — even as PwC puts Asian data-centre spending at $8.2 trillion by 2050.
The 471 billion rubles came after a closed-door Kremlin meeting where wealthy Russians were asked to contribute to the war effort. Without the money, Russia's 2026 budget deficit would have been 3.4% of GDP rather than 3.2%.
Beijing's competition regulator is the last hurdle for Anglo American's acquisition of Teck Resources, demanding volume commitments for Chinese smelters facing their worst concentrate shortage in decades. The deal is expected to close by March 2027.
The war has cut Gulf oil production from 26 million barrels per day to around 16 million, with Qatar's natural gas output down roughly 67%. Gulf Cooperation Council economies are expected to shrink by an average of 4.3%.
David Reuben has left Holland Park for Monaco, where his brother Simon has lived for about 40 years. The pair have a combined estimated net worth of nearly £28 billion.
The records span decades of flight history, employee files and internal messages. A court is expected to approve the sale on Wednesday, with rules requiring the data to be de-identified before Google receives it.
The money would fund output increases at at least three of Vistra's four nuclear stations without the need for new licences. It fits into Trump's goal of quadrupling US nuclear capacity by 2050.
The ban cuts Namibia off from its largest beef market overnight. More than 80 percent of the country's beef exports — around 10 million kilos a year — go to Europe.
The AI boom drove technology fortunes to a record $4.6 trillion through September. Billionaires outside the sector shed a combined $62 billion over the same period.
The rules would create, in the SEC chairman's words, 'a compliant pathway where none existed before.' The move comes after the US Senate blocked broader crypto legislation in a 50-to-49 vote.
FinCEN withdrew two proposals that would have required banks and exchanges to report transactions linked to crypto mixers and wallets held directly by users. Coin Center, which had opposed both, called the withdrawals a significant gain for financial privacy.
The fund accepted that Bitcoin added since its last review came from private donations, not public money. El Salvador also handed majority control of its Chivo crypto wallet to a private operator as part of the deal.
The struggling broadband provider is racing to sell its consumer and wholesale businesses before it collapses. BT has opened talks with the UK government about a possible takeover, while the rescue of its wholesale arm hinges on whether Openreach will write off more than £100 million in payments.
Masayoshi Son has committed vast sums to OpenAI and Stargate, but lenders have pushed back on his financing plans. SoftBank's shares fell 12% after OpenAI delayed its IPO, wiping out $38 billion in market value in a single session.
Shinhan Bank was the first to report an intrusion, exposing data on around 25,000 clients. Hana Bank, BNK Busan Bank, KB Kookmin Bank, Yegaram Savings Bank and Hyundai Capital were also hit, prompting South Korea's financial regulator to mandate urgent reviews across all banks and credit card companies.
The London fintech, founded in 2015 with $500,000 of its chief executive's trading earnings, had 68.3 million customers and £1.7 billion in profit before tax in 2025.
The system reads engineering drawings and programs itself without human instruction. Commercial shipments begin in December 2026, as Japan and South Korea race to automate yards facing an ageing welding workforce and order books stretching past 2028.
The 100-turbine installation sits 121 miles off the English coast, covering 229 square miles of Dogger Bank. At 1.4 gigawatts, it can supply the equivalent of 1.2 million British homes.
China now holds more than half of global shipbuilding capacity, up from five percent in 1999. The US builds less than one percent of the world's commercial ships, and all eight yards capable of building large vessels are fully committed.
The package pairs a $42 billion senior-secured tranche, syndicated by Bank of America, Citigroup and Morgan Stanley, with an $18 billion junior tranche led by Blackstone. Anthropic has committed $125.2 billion over five years for computing capacity.
The North Caterpillar mine in Karaganda Oblast is due to begin production in 2030. It is part of a push to build a tungsten supply chain outside China after Beijing's export controls sent global prices up more than 200% since May 2025.
The Independent Community Bankers of America is asking a federal court to revoke an OCC rule that lets crypto firms obtain national bank charters. The group says it gives digital asset companies the legitimacy of a federal charter without the capital, insurance and oversight requirements traditional banks must meet.
The company is in talks with outside investors to fund a fleet of Grace Blackwell chips through a special-purpose debt vehicle, retaining up to 10% equity. Customers reserving Nvidia-based capacity on Amazon's cloud will face higher rates from next week.
The Swiss drugmaker will pay $575 million upfront for global rights to an experimental autoimmune therapy that uses mRNA to destroy disease-causing cells. The deal comes months after two late-stage trial failures wiped around $30 billion from Novartis's market value.
The pipeline would carry more than a million barrels a day from Alberta to the B.C. coast, and officials say it could add $30 billion a year to Canada's economy. Indigenous communities are being offered a minimum 10 per cent stake, though it is not yet known whether they will accept.
Britain's energy minister held talks with European counterparts on Thursday about a co-ordinated release of strategic stocks. UK diesel prices have hit an all-time high of nearly 200p a litre, and the country imports much of what it needs.
The US is hosting two days of talks while pressing ahead with tariffs on 60 economies over forced labour and probing 16 more over industrial overcapacity. Analysts say partners will raise concerns, but breakthroughs are unlikely.
The two sides have identified non-sensitive goods worth roughly $30 billion in each direction as candidates for lower tariffs. No reductions have been announced yet, and any cuts will depend on separate legal processes in Washington and Beijing.
Moisture and road salt can corrode the steering-mounting bolt over several years, potentially causing drivers to lose control. No accidents have been reported, and owners can have the part replaced free of charge.
The new package brings total French fuel relief spending to €1.4 billion. It comes as the government juggles a budget deficit of 5.4% of GDP and public debt nearing 120%, with prices driven up by the closure of the Strait of Hormuz.
The revision is modest — just 0.1 points above June's estimate — and depends on a lasting end to the Middle East conflict. The OECD also trimmed its 2027 forecast, and warned that AI gains may not materialise as expected.
France says public subsidies should go only to factories inside the EU's 27 member states. Germany wants the rules extended to trading partners such as Norway, Switzerland and Canada.
The two countries met on September 10 to build more resilient supply chains for the rare earth metal, which has no easy substitute. China has held back exports since early 2025, and Japanese yttrium imports have fallen 98%.
The 120-kilometre link between Damerjog and Dewele is designed to cut transport costs and tanker traffic on Ethiopia's main trade corridor. It is due to become operational within 18 months.
Member states and national regulators say tariff design must stay local, not move to Brussels. The dispute goes to a deeper question about who controls the costs of modernising Europe's power grid.
Brussels imposed duties of up to 45% on Chinese electric vehicles in 2024, but left hybrids at a flat 10%. Imports have risen from 3,800 a month to roughly 50,000, and Chinese brands now hold 12% of all new European car sales.
People Incorporated, which owns 27% of MGM, withdrew its $48.30-per-share cash offer after several months of negotiations. MGM shares fell 10% on the news, hitting their lowest level in seven months.
The decade-long programme offers rent relief and capital support, but investors were rattled by the remodelling bill franchisees still face — at least $1.2 million per US location. The company also warned that customer traffic is likely to stay flat while inflation remains elevated.
The two sides will use a joint mechanism to identify goods eligible for tariff cuts, and set up a hotline for AI safety incidents. The fate of their trade truce, which expires on November 10, is expected to be left to the two presidents to decide.
AI agents are beginning to initiate and route payments inside enterprise workflows, but a technically valid transaction can still lack proof that the agent was authorised to act. Banks, payment networks and compliance vendors are building verification layers to test authority, provenance and evidence before funds move.
President Trump says the US is negotiating a major fertiliser purchase from Belarus at below Canadian prices. But Alexander Lukashenko says this year's production is already contracted, leaving the commercial case for any large deal unclear.
The cuts fall hardest on Halo Studios and central management, and bring Xbox three quarters of the way through a planned 3,600-job overhaul. Ninja Theory has entered consultation over a proposed closure after two deals to find a buyer fell through.
Preparatory talks in New York ended without progress on restoring rare-earth flows that Washington says China has failed to deliver under the trade truce. The two sides also discussed a new AI safety dialogue, with a notification mechanism proposed for the presidents to consider when they meet this week.
An agreement with 12 state attorneys general clears the main legal obstacle to what would be the largest merger in Hollywood history. No major divestitures are required, though the full terms have not yet been disclosed.
The Food Safety and Standards Authority of India says a follow-up formula sample failed biotin requirements, and that two other products made promotional claims that breach infant nutrition marketing rules. Nestle says all its products comply with regulations and that the labels were approved by the regulator's own expert committee.
The Atlanta-based surveillance company has opened a voluntary buyout programme for its roughly 1,500 employees. Dozens of cities have ended contracts over privacy concerns, and reporting suggests layoffs would be near-certain without the departures.
An independent review found staff knew about the bank's vulnerabilities by March 2022 but held back, citing a culture in which acting without certainty felt personally risky. The bank collapsed a year later with 31 unresolved safety issues on its books.
A millisecond defect in Nats' squawk code system caused airspace restrictions lasting up to six hours on 8 September. The passenger backlog took more than two days to clear, and the Transport Secretary has ordered a full investigation.
The FCC has approved a plan allowing overseas investors to hold 49.5% of Paramount's non-voting equity ahead of the company's planned merger with Warner Bros. Discovery. Saudi Arabia, the UAE and Qatar account for the bulk of that stake through their sovereign wealth funds.
The Swiss-based sportswear company has signed the World Cup's all-time goal scorer as a global ambassador. The deal includes cash and equity, though its financial terms and duration have not been disclosed.
Chinese hybrid sales in Europe rose thirteenfold in under two years and now account for more than a third of the market. EU trade commissioner Maroš Šefčovič is expected in Beijing in October, when both sides had set a deadline for substantial results.
Debbie Hewitt, a FIFA vice-president, wants all papers on the abandoned FFE proposal published before the FIFA Council meets on 15 October. She is also calling for an independent review into who conceived the plan and how it was put to tender.
The group, which calls itself iamnotavillain, obtained data on around 680 customers by sending fraudulent requests through a compromised Italian government email system. It has threatened to sell identity documents and financial records unless Revolut pays in cryptocurrency within 24 hours.
The cloud venture, backed by Blackstone and Alphabet, will use the debt to purchase Google's tensor processing units. It ranks among the largest financings ever arranged for AI processors.
Amazon receives warrants worth up to $340 million in Generac shares as part of a long-term contract to supply backup generators for its data centres. Generac shares jumped more than 40% in after-hours trading after the deal was disclosed.
The Danish drugmaker is rebranding as Novo after a bruising stretch: its shares have lost around 20% over the past year, and Eli Lilly now holds 61% of the US obesity drug market to Novo's 39%. A fuller strategy update is due in London on September 21.
The Nigerian billionaire is offering a 3% public stake in his oil refinery, which supplies more than 70% of Nigeria's energy. Proceeds are earmarked for an expansion that would double its processing capacity.
The AI company's annualised revenue has surged from $9bn at the end of last year to $65bn by July. Investors are forecasting $120bn by year-end.
The president drew a clear line: factories on US soil are welcome, imports are not. The remarks came ahead of a planned summit with Xi Jinping, though no policy framework has been agreed.
Sam Altman said this would be 'an ill-advised moment to go public', pointing to safety and alignment demands as AI systems grow more capable. He also suggested major AI companies may be nearing a deal to jointly slow development.
The United Arab Emirates led the funding round, joined by Andreessen Horowitz and Sequoia Capital. The UAE is also set to be the site of more than 150 kilometres of new tunnels.
A federal judge halted the Grota do Cirilo mine in Minas Gerais after finding it may lie within the protected area of the Baú Quilombola community, an Afro-Brazilian traditional community with legal consultation rights. The ruling also voids an August deal that had allowed mining to restart after a separate embargo.
The factory in Lower Saxony is set to be taken over by the German state government and Israeli investor Aurelius Capital. It is expected to start making equipment for Rafael Advanced Defence Systems, the company behind the Iron Dome, from mid-2027.
The Securities and Exchange Commission filed a federal lawsuit after ISS refused to comply with a subpoena issued in July. The records sought include internal methodologies, recommendation communications and client-level voting data going back four years.
Cook leaves a company worth $4 trillion and moves to executive chairman, focusing on government relations in the US and China. Ternus, who led development of the iPhone and Vision Pro, takes the chief executive role on 1 September 2026.
A string of contracts awarded between July and August 2026 aims to triple Patriot output and quadruple THAAD production. The US is also racing to field a sub-$750,000 interceptor — about a fifth the price of the missiles it is running short of.
A signing could come within days, with Energy Secretary Chris Wright planning a trip to Caracas. The deal would more than double US oil reserves and is the most ambitious step yet in a policy that began with the capture of Nicolás Maduro in January 2026.
HP Inc. beat analyst estimates by a wide margin, with revenue hitting $15.7 billion — but a 16% plunge in PC unit shipments spooked investors. The company is selling pricier machines to fewer buyers, and Wall Street isn't sure the trend holds.
The duties, covering everything from dairy and lumber to hockey equipment, hit up to $28 billion of Canadian exports. Prime Minister Carney has announced matching retaliatory tariffs on American goods, set to take effect September 8.
More than $50 billion has already been sunk into the project, leaving half-built structures in the desert. The Line, a 170km city that was Neom's centrepiece, has reportedly been halted until after 2030.
Comparable sales rose just 2.6% in the latest quarter, missing analyst forecasts by a wide margin. Separately, the retailer confirmed it has received $2.9 billion in tariff refunds from the US government and is channelling the money into price cuts, with rollback items on shelves jumping from 7,200 to more than 11,000.
The White House announced a three-day pause on 50% tariffs just two hours before they were due to hit roughly $20 billion in Canadian goods. But Trump's claim that the long-cancelled pipeline could be revived as part of any agreement left analysts and officials on both sides baffled — and neither government confirmed it.
The president named Hyperliquid at a White House crypto summit on 19 August, saying the CFTC is crafting a regulatory path to let the derivatives platform operate legally in the US. Its HYPE token jumped 19% on the news.
The sale would end the family's 47-year connection to the franchise and could strip Jeanie Buss of her role as team governor. She says a 2017 court order means no sale can go through without her approval.
The OCC has cleared the way for World Liberty Financial to bring its USD1 stablecoin — now the fourth-largest in the world — in-house, rather than relying on a third-party provider. The firm must still raise $20 million in capital and meet other conditions before it can open.
Beijing has committed the money to nearly 600 projects spanning 54 Muslim-majority countries — the clearest public measure yet of a decade-long campaign. Its tools range from Belt and Road infrastructure and Islamic finance to halal trade and cultural diplomacy.
The company had promised as recently as 2023 that the Lincoln Nautilus would be its first China-made vehicle sold in America. That plan is now dead. Production shifts to the US by 2030.
The California produce giant traced the contamination to a jalapeño grower in Mexico. It is already under federal scrutiny over a separate cyclospora outbreak linked to more than 6,300 cases nationwide.
Four major reforms are now taking shape under the US Department of War's sweeping acquisition overhaul. They cover contracting rules, cybersecurity certification, artificial intelligence and a push to bring in private capital for defence infrastructure.
Chinese solar, battery and EV exports reached $26bn in March 2026 — up 52% on the year — as nations scrambled for alternatives after Iranian drone strikes shut Gulf oil and gas flows.
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