A hostile takeover looms in European banking

Investors have warned that Treasury secretary Scott Bessent’s attempts to slash long-term US borrowing costs are doomed to fail, and European oil refinery capacity is set to shrink by a fifth over the next decade. Plus, Shanghai’s answer to the Nasdaq index is benefiting from an ...  Show more

Shares in vaccine-maker Moderna lept after it reported successful trial results for an experimental cancer vaccine, and the US Treasury department will at least double the size of its buyback of long-term government debt. Plus, top US legal firms are sparking controversy for hiri ...  Show more

On today's podcast: (1) President Biden is considering a trip to Israel as Western nations ramp up efforts to prevent the war with Hamas from engulfing the region. (Interview) (2) The US is planning to tighten measures on China's access to advanced semiconductors and chip making ...  Show more

On today's podcast:
(1) President Biden says China's economic challenges make a Taiwan invasion unlikely.

(2) The UK's Prime Minister confronts the Chinese premier over a Parliamentary spying arrest.

(3) Costs for UK tenants expected to soar by a quarter over ...

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The heads of Wall Street's biggest banks took their most direct swing yet at Washington's plans to force them to set aside more cash as a buffer against losses. (2)  Senate Republicans b ...  Show more

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) China’s central bank lowered the interest rate charged on its one-year policy loans by the most on record, kicking off a sweeping program to revive confidence in the world’s second-large ...  Show more