Pipe dream of payment plumbers springs a leak
Fintechs need to consolidate to challenge the might of card networksFintech
CBDC/digital euro: more than a token impact on banking profits
A full uptake would mean significant pain for high street banks in fees and depositsFintech, Central banks
Peruvian tourism steps up from trekking to luxury experiences
The sector is setting out to attract more lucrative upmarket visitors after a pandemic lowTravel & leisure industry
UK consumer confidence plunges amid higher mortgage and rental costs
Survey for October registers biggest month-on-month drop since March 2020 Consumer trends
US warship shoots down missiles fired by Iranian-backed rebels
Pentagon says three missiles and several drones launched from Yemen may have been headed for IsraelDrones
ChatGPT parent OpenAI seeks new investment at $86bn valuation
Planned stock sale would make the chatbot maker one of the world’s most valuable private companiesArtificial intelligence
L’Oréal sales growth curbed by muted China
Strong US and Europe beat expectations and help offset issues with Asia travel retail and luxury division Luxury goods
Blackstone: the second trillion is always the hardest
At its current pace, the group’s goal will take decades to reachMergers & Acquisitions
Netflix: revenue boost from password crackdown unlikely to spawn a sequel
Video streaming business’s stock multiple of 25 times forward earnings is well below the three-year averageDigital Media
UK anti-extremism tsar calls for Iran’s Revolutionary Guards to be listed as terrorists
Robin Simcox says proscribing military group would be ‘in national interest’ Terrorism