Edward Johnson 
Tennis fans who struggle each year to secure tickets in Wimbledon’s public ballot or wait hours in the famous queue may be surprised to discover that almost a fifth of the seats on Centre Court are being sold to the global super-rich for £116,000 – each. A total of 2,520 of the “debentures” are on … Read more
Mumbai: The interest rate differential between domestic and US sovereign bonds has shrunk to its lowest levels in at least 17 years, an occurrence that textbook theory says should drive foreign capital out of India. Overseas investors, however, are in no mood to shun the world’s fastest-growing major economy. If anything, an improvement in India’s … Read more
Alphabet CEO Sundar Pichai is confident that Google will find a way to make money selling access to generative AI tools. Microsoft CEO Satya Nadella says his company is already doing it. Both companies reported better-than-expected quarterly sales and profit on Thursday. And the stock prices of both soared on the results, with Alphabet further … Read more
Shareholders have voted in favour of doubling the pay packet of London Stock Exchange Group’s chief executive to £13m on the same day that fears were reignited about an exodus of UK-listed firms. Investors backed the group’s plans to increase David Schwimmer’s maximum pay levels from £6.25m to more than £13m. The resolution passed, with … Read more
(NewsNation) — Nearly 40% of homeowners say they couldn’t afford to buy their home today as mortgage rates surge and prices hit all-time highs, according to a new Redfin report. The recent survey of 1,988 homeowners underscores the extent of the “lock-in effect” — where people with low mortgage rates are unwilling to sell because … Read more
Mumbai: Shares offered in the Vodafone Idea follow on public offer (FPO) listed at ₹11.8 apiece on the NSE on Thursday, about 7.3% above the FPO price of ₹11. The shares were listed at ₹12 on BSE and closed at ₹13.8, after a gain of 5.3%. Thursday was also the day when the highest ever … Read more
Tata Steel has rejected a plan by unions to keep open a blast furnace at the Port Talbot steelworks, ending any hopes of avoiding as many as 2,800 job losses. Unions met the company in London on Thursday with another plea not to press ahead with its proposals, which will likely end the ability to … Read more
The end of TikTok has begun. As the dust settles from a week of shockingly fast legislative action by the US Congress, it’s clear that TikTok next year will look much different from the TikTok we’re using today. When President Joe Biden signed a $95 billion dollar foreign aid package on Wednesday, it brought to … Read more
In theory, Anglo American has been a sitting duck for a takeover bid for about a decade. Its share price has lagged behind that of other big miners and successive efforts to sharpen a sprawling portfolio have underwhelmed. The last news, at the end of 2023, was production delays that sent the shares down 20% … Read more
Labour has made one of its most radical proposals yet in the run-up to an election campaign: to fully nationalise the train network within five years of coming to power. The party has pledged to guarantee the cheapest fares as part of “the biggest reform of our railways for a generation”, bringing all passenger rail … Read more
