LumRisk Announces Strategic Reset and USD 5 Million Capital Commitment to Accelerate Its Transformation Toward an AI-Driven QIS and Multi-Asset Platform December 3, 2025 LumRisk today announced a major milestone in its evolution, with the approval and implementation of a comprehensive corporate reset. This includes the restructuring of legacy obligations and the reinforcement of the company’s balance sheet. These measures establish a strong foundation for a new phase of accelerated global growth across LumRisk’s core domains: Quantitative Investment Strategies [...]
Powervault: London Mayor-backed Tesla battery rival collapses December 3, 2025 Battery storage firm Powervault, which had been tipped to become the UK rival to Tesla, has collapsed into administration, City AM can reveal. The London-based company, which had been backed by the Mayor of London’s Greater London Investment Fund as well as the British Business Bank, has appointed administrators Menzies to oversee its wind-down, according [...]
Whitehall was ‘shambolic’ in dealing with collapsed China spy case December 3, 2025 Whitehall officials presided over “shambolic” proceedings in the prosecution of two alleged Chinese spies, a report has suggested, with both government officials and prosecutors coming under fire over the collapse of the case. A report by parliament’s Joint Committee on the National Security Strategy said the collapse of the prosecution against former parliamentary researcher Christopher [...]
Bank of England sounds alarm on leveraged hedge fund bond bets December 3, 2025 The Bank of England has sounded the alarm on international hedge funds snapping up record levels of UK government debt, warning that their highly leveraged bets leave Britain increasingly exposed to a bond market meltdown. In its biannual Financial Stability Report, the central bank said the large share of UK government debt held by risk-seeking asset [...]
Abu Dhabi Finance Week: Where global capital meets innovation December 3, 2025 The Abu Dhabi Finance Week (ADFW) has been rapidly growing over the past few years, scaling to become one of the largest global financial events of the year. With attendance growing by over 100 per cent, representation from over 125 countries and over 600 global institutions, it is on pace to be the biggest financial [...]
Silicon Valley has invented its own form of central planning December 3, 2025 With so much capital focused on a small select group of companies like OpenAI and Microsoft we’ve created our own form of central planning, just with corporate overlords instead of government ones, says Lewis Liu The US stock market continues to march toward record territory, with everyone from Big Tech CEOs to Goldman Sachs speculating [...]
Nike and Superdry adverts banned in ‘greenwashing’ crackdown December 3, 2025 Adverts produced by Nike, Superdry and Lacoste which claimed to promote sustainable clothing have been banned by the advertising watchdog as part of a major crackdown on corporate greenwashing. The Advertising Standards Authority (ASA) upheld complaints against the three fashion giants, assessing that environmental claims made in a series of search engine adverts were exaggerated [...]
Preferred site for Smithfield and Billingsgate markets confirmed December 3, 2025 The controversial relocation of the centuries-old Smithfield and Billingsgate markets is one step closer to completion, after traders and local authorities earmarked a new site in east London’s Royal Docks for both markets to set up together. The City of London Corporation, Greater London Authority (GLA) and representatives for the iconic markets’ traders identified a [...]
NIKE, Inc. Announces Senior Leadership Changes to Accelerate “Win Now” Actions December 2, 2025 NIKE, Inc. (NYSE:NKE) today shared the following note with employees regarding changes to its Senior Leadership Team. // Team, I’d like to share some important changes to our Senior Leadership Team (SLT) that further remove layers and continue to bring us closer to athletes* and the marketplace. We’re establishing the role of EVP, Chief Operating [...]
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