IG Group to cut 10% of workforce
Online trading provider says efficiency measures will result in annual cost savings of £50mn by 2026Travel & leisure industry
BASF slashes investment budget on lower demand
World’s biggest chemicals group says it has ‘more projects than money’ amid ‘stress’ in sectorChemicals
Oil industry megadeals open fee gusher for Wall Street advisers
Morgan Stanley and Goldman Sachs the biggest winners as energy industry bucks M&A downturnMergers & Acquisitions
Vodafone to sell Spanish business to Zegona for up to €5bn
Sale to UK investment fund comes as telecoms group aims to improve its competitivenessMergers & Acquisitions
Bank of Japan loosens control of bond yields
Central bank eases policy as weakening yen and persistent inflation put pressure on governor Kazuo UedaCentral banks
China leads record central bank gold buying in first nine months of year
Central banks in emerging markets look to reduce reliance on US dollar for reserves holdingsCentral banks
We might be surprised by our reactions to generative AI
Tech companies are convinced the way we communicate is about to be transformedArtificial intelligence
The roadblock to a $69bn mega-deal
Plus, Elliott’s bet on Western Digital comes under pressure and companies’ favourite new way to strike a private equity dealMergers & Acquisitions
The struggles of the offshore wind industry
Governments around the world have set ambitious targets to tackle climate change, but developers say power prices will have to rise to pay for itRenewable energy