BlackRock orders managing directors back to office five days a week
Asset manager seeks to boost collaboration as companies roll back pandemic-era policies
Water shortages a growing concern as government warns bills could increase
Government officials are warning that water bills could go up to fund urgent work on water supply networks, while major projects to meet the capital’s needs look set for delays and further cost increases.
Bank lending rates and the riskiness of euro area household loans
I assess the impact of the recent hike in bank lending rates on euro area retail borrowers using a novel microsimulation framework that updates household-level data of a recent representative survey with up-to-date macro-financial information. The key novelty is that existing mortgages are gradually repaid, and new ones are extended, a feature necessary for medium-term simulations in a period of sizable credit growth. Since lending rates have increased, debt servicing has become more demanding, and the simulated share of distressed loans has increased.
Mubadala’s investments surged by a third last year
Abu Dhabi’s second-biggest sovereign investor has been keen to deploy funds in US regardless of economic uncertainty
Ireland leads charge to force Big Tech to vet financial ads for scams
EU member states push for rule change to make tech groups shoulder responsibility for fraud that costs billions each year
Private equity dealmakers defy M&A slowdown
While deals globally are drying up, one sector went ahead — and even paid full prices
Millennium in talks with Goldman’s Petershill Partners about stake sale
Buyers could include some of the largest investors in Izzy Englander’s firm
Tips for starting a business in Canada, according to entrepreneurs who have done it
Each year, about 100,000 small businesses are created in Canada. But what does it actually take to start a business in Canada — not just on paper, but in practice?
UK regulator to dilute mortgage lending rules
FCA responds to prime minister’s call for watchdogs to focus on promoting economic growth
Why Trump’s plans for tariffs on foreign films probably won’t have a happy ending
Bill Chizek/ShutterstockWith its tariffs policies, the administration of US president Donald Trump aims to correct the country’s persistent goods trade deficit. The president has argued that the US has been “looted, pillaged, raped and plundered” by other countries.
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