Number of billionaires globally could reach 4,000 in next five years There are now 3,110 billionaires but analysis shows ‘deep structural acceleration’ in wealth creation around world
Takeaway coffee sales plunge as fuel and living costs dent Australian spending. Is the economy next? The trend has been accelerated by the US-Israel war on Iran, leaving households – and cafe owners – glum, surveys suggest
Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says Twin reports from top accounting firms underline scale of economic threat as Iran war shatters business confidence
Bank bosses called to meeting with Reeves over impact of Iran war on UK economy HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict
Central bank bosses enlist for war game to gauge threat of Lehman-style bust Finance chiefs to join exercise in Washington designed to assess how they would handle collapse of significant bank
Finance leaders warn over Mythos as UK banks prepare to use powerful Anthropic AI tool Release of new Claude model, so far limited to US firms, will expand to British institutions in coming days
Metro Bank boss handed record £2.6m a year after slashing 1,000 jobs Dan Frumkin’s pay package comes after bank’s near collapse and rescue by Colombian billionaire
Big US banks rake in near $50bn profit as Iran war shakes markets Six lenders, including Bank of America, Morgan Stanley and JP Morgan report jump in first-quarter earnings
Jamie Dimon says private credit defaults are not threat to major banks Recent losses on loans in relatively unregulated sector are not a systemic risk to financial sector, says JP Morgan boss
HSBC says Iran war is hitting confidence as businesses warn over economic risks Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chair
Goldman Sachs chief ‘hyper-aware’ of risks from Anthropic’s Mythos AI US bank has the Claude model and is working closely with the tech firm to improve cyber protection
Low-tax Texas opens London office to lure jobs and investment Exclusive: US state is targeting corporate heavyweights in the UK with subsidies and incentives
US summons bank bosses over cyber risks from Anthropic’s latest AI model Reports say Fed chair Jerome Powell among attenders at meeting in Washington
Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation Specialist lender says it expects its slice of £9.1bn compensation set by FCA to be about £320m
JP Morgan reaches agreement with City airport for Canary Wharf’s tallest tower Bank to submit planning application shortly, after securing deal on 265m-high London Docklands building