Business

We're booking a five-fold profit on one of drug stock's rally to record highs

This trim doesn't reflect any change in our positive long-term view.

Reform says we need to choose between climate and economy. It's wrong | Larry Elliott

The party’s deputy leader Richard Tice says we should stop worrying about extreme heat and enjoy it. This dangerous nonsense will wreck our finances and the planet So now we know: the smart response to the UK’s summer of record…

Marvell pops 6% on AI chip deal that lets Google buy up to $12.2 billion in shares

Google and its competitors have been pursuing custom chips to improve efficiency and reduce reliance on Nvidia.

Russia’s Finance Ministry proposes additional support for border regions

Anton Siluanov added that regional budgets for the upcoming three-year period are currently being drafted

Fastest-known star zooms under Milky Way black hole's influence

Australia’s drop in real wages is a disaster. But the profits of major corporations are doing just fine | Grogonomics

Wages are not growing out of control and the labour market is not ‘tight’ Get our breaking news email , free app or daily news podcast Excuse me while I sadly cross off another three months on my “waiting for a wages breakout” calendar…

Jefferies Targets €1 Billion for Private Credit Secondaries Fund

Jefferies Credit Partners is seeking to raise around €1 billion ($1.16 billion) from investors who trade private credit in the secondary market.

US treasury doubles debt buyback to steady bond market amid inflation fears

Yields, at recent highs this week, dropped after treasury’s vow to ‘provide greater liquidity support’ to bond market The US treasury is doubling its buyback of government debt in an effort to balance out the bond market and counterbalance…

Hedge Fund Capula Hires From Freepoint, Element in Energy Push

Capula Investment Management hired two energy traders as it expands into energy and commodities, according to people familiar with the matter.

Putin instructs government to assess effectiveness of investment support measures

The head of state stressed that the Russian economy needs to achieve sustainable growth in capital investment, including investment in modernizing production and improving labor productivity through new technologies

Copper Firm KME Is Said to Pick Banks for Unit’s German IPO

KME Group Spa has picked banks to help arrange a Frankfurt listing of Cunova GmbH, which could value the unit producing copper-nickel at as much as €1 billion ($1.2 billion), according to people familiar with the matter.

Growth in domestic financing becomes key structural shift in Russian economy — Novak

The Russian deputy prime minister also noted that state-owned companies continue to account for a significant share of investment, with the five largest companies responsible for more than 15% of total investment