The emirate’s past housing busts saw prices fall up to 60%. A five-year boom and glut of new properties mean another correction is due. What happens next hinges on whether the wealthy foreigners drivi...

The software giant’s partnership with the $300 bln ChatGPT maker is fraying over access to tech and exclusive cloud computing rights. In need of consent to change its structure, OpenAI may have to mak...

Labubu, the toothy-grinned plush doll, has powered a 500% rally at Hong Kong-listed Pop Mart, now worth $41 bln. Investors may be betting on the firm's push into theme parks and more. But as the iconi...

The president hopes to secure semiconductor dominance over China by reshoring production and courting allies. His predecessor Joe Biden’s $53 bln subsidies are a start, but success will take years and...

The $6 bln neobank turned a profit for the second year in a row, thanks to rising deposits and still-high UK rates. More lending, hedging and bond-buying should help the group prepare for falling yiel...

Jakob Stausholm will retire from the $107 bln miner after just over four years. He delivered respectable returns, but led an expensive charge into lithium and leaves Rio Tinto’s unwieldy dual listing ...

The Japanese group’s loan-to-value ratio has more than doubled since last March to 20%. It’s hard to see how it can fund commitments to OpenAI and $500 bln Stargate without selling assets. Higher debt...

Saudi and the UAE’s reliance on Silicon Valley’s talents and tech makes it easier to adhere to Washington's new Huawei chip curbs. But Beijing remains a big trading customer and is making headway in A...

The US wants to produce more minerals like rare earths and apply tariffs on Chinese imports. Hiking production in the $325 bln market makes sense but opening new mines will take decades. In the meanti...

High-yield borrowing costs have spiked, raising memories of the $80 bln of loans and bonds that got stuck with lenders three years ago. Yet the leveraged buyout backlog is smaller now, and the credit ...

Conglomerate ABB will hand its industrial arm-making unit to investors. It makes sense given fierce competition and scant overlap with the rest of the $95 bln group. With Nvidia and Tesla’s CEO hyping...

The $79 bln US food delivery giant has bid $3 bln for its UK peer. Even with a relatively modest premium, DoorDash needs growth and savings for its deal to stack up. Still, with rival bidders either d...

Applied Materials bought 9% of $8 bln Netherlands-based BESI. In a less geopolitically tense world, it might be a cross-border takeover instead. Grabbing a stake at least gets the Californian buyer a ...

The $260 bln maker of semiconductor machines says US tariffs will push up the cost of microprocessors and may hit smartphone and data centre demand. New curbs on Nvidia’s Chinese exports add further c...

The buy now, pay later firm made a net profit in 2024 as it eyes a US listing. Klarna was once worth $46 bln, but the last funding round only fetched $7 bln. While a new Walmart deal helps, rocky mark...

The $41 bln miner’s shares are well below the value of a rejected share-based offer from BHP last year, and CEO Duncan Wanblad is mired in writedowns. But diamond woes are old. And Anglo American’s va...

In late 1999 the online fashion startup Boo.com launched its website, which featured a virtual shopping assistant. The avatar, known as Miss Boo, was supposed to offer styling tips to customers and allow them to view jeans and shirts on three-dimensional models before buying. The concept may sound familiar to anyone who has recently listened to technology companies extoll the potential of agents using artificial intelligence. Boo.com collapsed a few months after it launched, in part because the website proved slow and unreliable. The technology industry’s hopes are riding on a bet that AI-powered agents will be more successful this time.

Gary Nagle is flipping the script. The boss of $61 billion Swiss miner Glencore on Wednesday said he would drop a proposal to spin off his coal business via a New York initial public offering. Even so, he may yet opt to re-list the whole business there instead.

A decade ago, France’s capital saw the world unite to fight climate change. In 2025, the US has refused to sign even a vague pledge for ‘inclusive and sustainable AI’ at President Macron’s conflab. Wa...