Private equity could revolutionise US lawyer pay, law firm bosses say
Massumi + Consoli executives bet new ownership model will allow them to lure partners with equity incentive plans
Oops! You added the wrong email attachment and leaked the bank’s deal list. What happens next?
A six-point plan for putting toothpaste back in the tube
Connecting payment systems, linking economies
Cross-border payments are often slow and costly with many regions underserved by current arrangements. In line with the G20 Roadmap for Enhancing Cross-border Payments, several countries and regions, including the euro area, are working to interlink their domestic fast payment systems as a way to improve speed, cost and transparency. Econometric evidence suggests that countries with interlinked systems trade about 4% more with each other – around half of the effect of a trade agreement and a quarter of the effect of a common currency.
The SVB postmortem continues
Plus: quality
The clock’s ticking on the AI boom
Frontier labs as well as infrastructure groups are delaying their IPO plans
Jane Street to double London office space after breakneck growth
Firm is taking 465,000 sq ft at One Spitalfields in a so-called pre-let deal
HSBC moves board meeting from Dubai to London amid safety concerns
Bank’s decision to shift location underscores challenges still facing expats as Iran war continues
Where Is the U.S. Beating China on A.I., and Where Is It Lagging?
As Xi Jinping visits President Trump in Washington, his country lags behind the United States on A.I. development in key areas — but Beijing has advantages elsewhere.
How besieged billionaires are turning the tables on litigious shareholders
Hollywood super-agent Ari Emanuel has accused funds of illegal anti-competitive conduct over his take-private of Endeavor
Trump speculates on diesel fuel export ban as high prices ripple across US economy
Demand for rail freight shipping is up, as trucking becomes more expensive. Both use diesel fuel, but trains are more efficient at carrying heavy loads long distances. Scott Olson/Getty ImagesDiesel fuel powers long-distance trucks, freight locomotives, boats and barges, farm machinery, construction and mining equipment, and backup generators.
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