Economic news
India’s economy expands 7.8% in fiscal first quarter, beating estimates
The economy was driven by a strong performance in the financial, real estate, information technology and professional services sectors.
Software companies pay steep price to buy time against AI threat
Private equity groups face a $40bn maturity wall in 2028 to refinance Covid-era software buyouts
KKR to net giant windfall from $17bn sale of USI to Aon
Gain is one of the largest earned by a public private equity firm on a single deal
Bank of England chief warns new AI models threaten global financial stability
Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global financial system.
The missing piece in the US oil and gas boom: jobs
Production and profits are rising strongly but industry employment has fallen since Trump came to power