Gold Demand Hits Record Highs in 2025
Gold demand exceeded 5,000 tonnes for the first time in 2025, driven by investor and central bank activity amid geopolitical and economic risks.
Category : Business
LSEG Axes FT Subscriptions Over FTSE Retreat
London Stock Exchange Group cancels hundreds of Financial Times subscriptions as the newspaper reduces its coverage of London markets, shifting focus to politics and international reporting.
Building ChatGPT in 1999: AI Pioneer's Lessons
Fred Plais attempted a natural language search engine in 1999, predating ChatGPT. His story offers crucial insights on timing, resilience, and the AI boom for today's startups.
Fintech Founder Urges City to Embrace More Risk for Innovation
Adam French, partner at Antler and co-founder of Scalable Capital, shares insights on his career journey and advocates for increased boldness in London's financial sector to support early-stage ventures.
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Islington Council Promises Green Space Covering Emirates 5 Times
Islington Council's finance chief pledges new green space equivalent to five Emirates Stadiums while defending budget cuts to back office and children's services.
Gamers Discuss Physical Store Decline and Industry News
Readers share thoughts on GAME's administration, digital vs physical sales, cancelled Prince of Persia remake, Virtual Boy releases, and PlayStation strategies in this week's letters.
Nationwide Leads Bank Switching, Santander Falls
Nationwide Building Society secured the highest net gains in current account switchers during Q3 2025, while Santander faced significant losses amid ongoing technical issues across the banking sector.
NSW May Add Public Holiday for Anzac Day Weekend
New South Wales Premier Chris Minns announces discussions about creating an additional public holiday when Anzac Day falls on a weekend, potentially aligning with WA and ACT.
Bank of England 'Woke' Row Over ESG Banknote Printer
The Bank of England faces political backlash for requiring its new banknote printer to meet strict ESG, diversity and carbon reduction standards in a £900m contract tender.
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Zillennial Scammed by Bank Text: A Warning
A digitally literate young adult shares how a holiday text scam led to a $500 loss, highlighting that cybercrimes target everyone, not just the vulnerable.
US Social Media Checks Could Deter Tourists, Cost Billions
Proposed US policy to screen tourists' social media accounts may deter a third of international travellers, potentially costing $15bn in spending and 157,000 jobs.
South Korea's AI Laws Face Startup and Activist Criticism
South Korea has implemented pioneering AI regulations requiring content labelling and risk assessments, but faces criticism from tech startups and civil society groups over compliance burdens and insufficient protections.
Meta Beats Expectations with $59.89bn Revenue in Q4 2025
Meta reported robust fourth-quarter 2025 earnings, surpassing Wall Street forecasts with $59.89bn in revenue. CEO Mark Zuckerberg highlighted AI advancements, while the firm faces a social media addiction trial and shifts focus from the metaverse.
Interpath Eyes M&A After Bridgepoint Takeover
Interpath Advisory, a UK restructuring firm, is open to mergers and acquisitions after its takeover by private equity giant Bridgepoint, aiming to boost its services and market reach.
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BNP Paribas AM Eyes Private Credit Risks
Europe's largest alternatives manager, BNP Paribas Asset Management, is cautiously navigating private credit risks following its merger with Axa IM, amid market concerns.
Water Bills Rise 5.4% in England and Wales
Households face average £33 increase as Ofwat approves record £104bn spending plan, with campaigners criticising bill payers footing decades of failure.
UK Car Industry Needs New Factory for 1.3 Million Target
Industry boss Mike Hawes says UK likely needs a large new factory to meet Labour's target of 1.3 million cars annually by 2035, as production hits lowest since 1952.
UK Dividends Jump in Q4 2025
UK dividends rose 1.3% to £14.3bn in Q4 2025, driven by energy, consumer basics, and property sectors, with full-year results slightly exceeding expectations.
Houlihan Lokey Revenue Up 13% on M&A Fees
Investment bank Houlihan Lokey reports a 13% increase in revenue, fuelled by higher fees from mergers and acquisitions activities in the latest financial period.
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Fed Holds Rates Despite Trump Pressure
The US Federal Reserve has maintained interest rates at 3.5%-3.75% despite pressure from Donald Trump to cut them, citing solid economic expansion and inflation concerns.
Tesla Revenue Drops 11% Amid AI Pivot
Tesla reports first-ever yearly revenue decline with automotive revenues down 11% in 2025, as Elon Musk redirects focus toward robotics and AI technologies.
Investors Warn of Mis-Selling Risk in Private Markets
Financial experts caution retail investors about mis-selling risks as they increasingly pour money into private markets, highlighting transparency and suitability concerns.
Microsoft Beats Forecasts Amid AI Boom
Microsoft reports strong Q2 revenues of $81.27bn, exceeding expectations despite slowing cloud growth, as CEO Satya Nadella highlights AI business expansion.
More Energy Suppliers Fail Ofgem Capital Targets
Ofgem reveals five energy suppliers failed capital targets, raising concerns over financial resilience amid volatile wholesale gas prices and regulatory transparency.
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Fed Holds Rates as Trump Pressures Powell
The US Federal Reserve paused interest rate cuts, keeping rates at 3.5%-3.75%, despite intense pressure from the Trump administration and a criminal investigation into Chair Jerome Powell.
Trump Signs Order to Speed Up LA Wildfire Rebuilds
President Trump signs executive order to bypass permit requirements for wildfire rebuilds in Los Angeles, drawing criticism from California officials who call it a political stunt.
Bank of America Promotes Lo Piccolo to Lead Italy
Bank of America has promoted Andrea Lo Piccolo to lead its operations in Italy, a strategic move to strengthen its presence in the European market.
AI Will Cost Jobs, Warns Tech Secretary Liz Kendall
UK Technology Secretary Liz Kendall admits artificial intelligence will cause job losses while announcing plans to train 10 million Britons in AI skills by 2030 to help workforce adapt to technological changes.
GAME Faces Administration Again as Stores Risk Closure
UK video game retailer GAME has filed notice to appoint administrators, potentially entering administration for the second time since 2012 as its high street presence dwindles.
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Trump Declares 'America is Back!' as S&P 500 Hits 7,000
The S&P 500 briefly surpassed 7,000 for the first time amid renewed AI optimism, with Trump celebrating the milestone. The dollar also recovered slightly after recent declines.
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