US banks gear up for buyback bonanza after passing stress tests

The US Federal Reserve further loosened restrictions on dividends and buybacks by America’s biggest banks as it released an analysis showing the lenders could suffer almost $500bn in losses and…

Google delays plan to phase out third-party cookies by 2 years

Google has delayed a plan to end support for third-party cookies in its Chrome browser by nearly two years, after mounting pressure over an idea that strikes at one of…

Rudy Giuliani’s law licence suspended by New York court

Rudy Giuliani has been suspended from practising law in New York after a state court found he had made false and misleading statements while representing Donald Trump in a failed…

Modi meets Kashmir leaders 2 years after revoking region’s autonomy

Narendra Modi, India’s prime minister, held talks with top Kashmiri politicians on Thursday to discuss restoring democracy to the Muslim-majority region, as he seeks to deflect criticism of the country’s…

BuzzFeed to go public via Spac deal

BuzzFeed has agreed to go public in a deal with a blank cheque company that it said gave the group an implied valuation $1.5bn, as digital media companies rush to…

Ambani’s Reliance appoints head of Saudi wealth fund to board

Mukesh Ambani’s Reliance Industries has appointed the head of Saudi Arabia’s Public Investment Fund to its board, deepening ties between the powerful Indian conglomerate and the oil-rich Gulf kingdom. Yasir…

Russian supply curbs exacerbate squeeze on European gas market

Russia has exacerbated a shortage of European natural gas supplies that has driven prices to a 13-year high by quietly limiting top-up sales to customers, according to executives and analysts.…

Siemens jolted by global supply chain ‘rollercoaster’

Siemens, Europe’s largest industrial manufacturer, likened global supply chains to a “rollercoaster” as prices of materials for its products such as metals and resins whipsaw because of an uneven economic…

Hong Kongers rush to buy final edition of Apple Daily newspaper

Hundreds of Hong Kongers queued for hours to buy the final edition of Apple Daily on Thursday morning, a day after the pro-democracy newspaper closed following the arrests of senior…

Tencent takes quiet path through China’s tech turbulence

In a torrid year for Chinese Big Tech, it has been more or less business as usual for the country’s most valuable tech company, and its founder, now China’s second-richest…