Investment trust rejects hedge fund assault ending Saba saga January 20, 2026 Shareholders of a major investment trust have roundly rejected a move by hedge fund tycoon Boaz Weinstein’s Saba to force through a radical shake-up of its leadership and investment philosophy. At a crunch Requisitioned General Meeting, Edinburgh Worldwide Investment Trust (Ewit) investors representing some 93 per cent of shares – excluding those held by Saba [...]
Ofcom investigation launched into Grok AI deepfakes on X January 12, 2026 The media and online safety watchdog has announced an investigation into Elon Musk’s X, to determine whether the platform has done enough to protect Brits from explicit deepfakes generated by its Grok AI. Ofcom pointed to “deeply concerning reports of the Grok AI chatbot account on X being used to create and share undressed images [...]
Mark Kleinman: What’s in store for the Square Mile in 2026? January 8, 2026 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Not great, not awful: a fair summary of my corporate predictions for 2025. On the plus side, I was right to forecast a bid for ITV, or at least part of it, and correct that Thames [...]
US investor dials up attacks on investment trust before crunch vote January 7, 2026 The American hedge fund tycoon behind a campaign to shake up Britain’s investment trust sector has ramped up his attacks on a Baillie Gifford fund ahead of a pivotal shareholder vote, demanding answers over its decision to offload shares in Space X. Boaz Weinstein, the founder of Saba Capital, published an open letter to Edinburgh [...]
OpenAI, SpaceX, Anthropic: the tech giants lining up blockbuster IPOs December 28, 2025 For more than a decade, Silicon Valley’s most powerful companies have stayed private for longer than ever before, buoyed by deep pools of capital and sovereign wealth funding. But, as interest rates remain higher, AI infrastructure costs balloon and some of the world’s largest private firms mature into businesses of national, and increasingly geopolitical, importance, [...]
What can Britain learn from Elon Musk? How to fail… November 17, 2025 British engineering needs to be a little more Musk; pragmatic, ambitious and unafraid to learn in public, says Robert Rayner Elon Musk’s rise to trillionaire status is more than a story of wealth, it is a display of how technological vision and financial resilience can merge into a new model of progress. His trillion-dollar payout [...]
Ronaldo becomes first $1bn footballer after new Al-Nassr deal October 8, 2025 Cristiano Ronaldo has become the first billionaire footballer after his reported $400m Al-Nassr contract extension earlier this year. The 40-year-old Portuguese – who has enjoyed spells at the likes of Sporting Lisbon, Manchester United, Real Madrid and Juventus – is currently plying his trade in the Saudi Pro League with top-of-the-table Al-Nassr. And his bumper [...]
Meet the lawyer that launched Mayer Brown into Space (law) October 1, 2025 Fifteen years ago, Rachael O’Grady, an arbitration lawyer, had a blown-up satellite operator case land on her desk, a case that would pique her interest and ultimately lead to the creation of a space practice at Mayer Brown. “Given my international law background, I started thinking about space and how that might interact with international [...]
The space economy will not succeed without private ownership September 26, 2025 A space economy based on legal conditions that ban private property – like those of North Korea – will never flourish, says Rainer Zitelmann After the Moon Landing of 1969, manned space travel stagnated for over half a century. The space shuttle was far too expensive and never lived up to expectations. It was only [...]
Trump’s tech love-in highlights Musk rift as Silicon Valley backs AI push September 5, 2025 President Donald Trump’s White House dinner with the chiefs of the US’s biggest tech companies was meant to showcase unity between the president and Silicon Valley. Instead, the glaring absence of Elon Musk underscored the growing rift between the one-time allies as rivals like Apple’s Tim Cook and OpenAI’s Sam Altman lined up to praise [...]