Binance names co-founder Yi He as co-chief executive
World’s biggest crypto exchange says partner of former chief Changpeng Zhao will run group alongside Richard Teng
UK
City of London risks running out of top office space
Broker Knight Frank forecasts vacancy rate for prime offices will fall to zero by 2028
UK banks turn to AI for fraud prevention and to improve services
Tools help detect organised crime, automate lending checks and deliver personalised financial offerings
Gaza’s once-growing economy is nearing total collapse
Palestinians near the ruins of Gaza's international airport, which was shut down in 2001. Anas-Mohammed / ShutterstockGaza is going through one of the most severe economic collapses the world has seen in modern times. According to a UN report published in late November, the average income per person there is now just US$161 (£122) a year.
Why Rachel Reeves chose a ‘smorgasbord’ of tax tweaks – and the risks involved in that approach
Andrzej Rostek/ShutterstockChancellor Rachel Reeves has delivered her second budget, in which she raised taxes by £26 billion. This will take the UK tax burden to an all-time high of 38% of GDP by 2030-31. But it will also more than double Reeves’ “fiscal headroom” to £22 billion.
What the budget means for the NHS
The NHS didn’t receive a great deal of specific attention in Rachel Reeves’ budget. She mentioned it, but in fairly general terms around plans to invest and cut waiting lists.
What five years of evidence on hybrid working tells us about the future of employment
insta_photos/ShutterstockThe COVID pandemic accelerated remote and hybrid working practices across the world. It also provided evidence that these approaches could work for a wide variety of jobs.
Three reasons why China wants global green leadership after Cop30 – and two reasons it doesn’t
Ahead of the UN’s Cop30 summit, China appeared keen to take on the mantle of new global leader on climate change, stepping into the gap left by the US’s withdrawal from the top spot under Donald Trump.
In trying to understand what China wants from this role, it’s worth examining three areas motivating Beijing to take over leadership, and two others which it is trying to avoid.
The two-child limit failed – all it did was increase poverty
UK chancellor Rachel Reeves has taken decisive action in getting rid of the two-child limit – a policy that has held a totemic place in the UK for more than a decade. Since 2017, this policy has limited the means-tested support that families can receive from the state to the first two children in a household, with some specific exceptions.
How the financial markets reacted to the UK budget (and why they matter)
Who is Danny/ShutterstockRachel Reeves’s second budget landed in an unusual fashion. Before she delivered it, most of the key details had already been revealed accidentally by the Office for Budget Responsibility.
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