Fitch downgrades China’s outlook to negative, finance ministry voices regret April 10, 2024 A US-based rating agency, Fitch, downgraded its long-term perspective on China to negative, in the late hours of Tuesday, while maintaining the country's A+ credit rating.
Labour promise to replace business rates with property taxes April 9, 2024 Labour has promised to replace business rates with a system of “business property taxation” in a bid to level the playing field between high street businesses and online retailers.
UK arms sales to Israel will ‘continue’, David Cameron confirms April 9, 2024 The UK will continue issuing export licences for arms sales to Israel amid the conflict and humanitarian crisis in Gaza, the foreign secretary has confirmed.
Meta president Nick Clegg says AI can’t be kept in the ‘clammy hands’ of Big Tech April 9, 2024 During a Meta event, Nick Clegg also revealed that Llama 3, Meta's newest large language model (LLM), will be released within a month.
Who are the tax experts advising Labour on boosting compliance and modernising HMRC? April 9, 2024 A panel of tax experts are set to advise Labour on a blueprint for boosting compliance and modernising the work of HM Revenue and Customs (HMRC), the party has announced.
Services trade sees UK become world’s fourth largest exporter April 9, 2024 The UK has become the world’s fourth largest exporter thanks to a boost in services, fresh trade figures have shown.
Asos under pressure as Gen Z shoppers switch to Shein April 9, 2024 Clive Black, analyst at Shore Capital, told City A.M. Asos has come off the back of three “really hard years” and is facing increased competition from Far East rivals Shein and Temu.
Third Point changes strategy on activist investors in bid to fix discount April 9, 2024 Hedge fund Third Point has appointed a duo of activist investors to its board in a bid to close the trust's wide gap between its net asset value and share price, despite previously strongly opposing them.
London-based accountancy firms BKL and Wilson Wright have merged April 9, 2024 The firms, BLK and Wilson Wright, merged on 2 April and will have two bases in London: BKL’s office in North London and Wilson Wright’s office in Central London.
Big US banks JPMorgan, Citi and Wells Fargo to benefit from slower Fed interest rate cuts April 9, 2024 JP Morgan, Citi and Wells Fargo will all update investors on their performance so far this year with attention likely to be firmly fixed on their guidance for the year.