Albert Manifold, cement veteran hired to chair BP for pivot back to oil and gas
Muted market response to former CRH chief’s appointment belies reputation as ‘shrewd operator’ and ‘man on a mission’
Economic news
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JPMorgan explores lending against clients’ cryptocurrency
Bank’s chief Jamie Dimon once branded bitcoin a ‘fraud’ but he has now moderated his tone
Figma seeks $16bn valuation in test of US tech IPO market
Design software maker backed by venture capital investors including Sequoia Capital plans to market almost 40mn shares
The rise and risks of stablecoins
US law bringing the asset into the mainstream has dangers for financial stability
Figma seeks $16bn value in test of US tech IPO market
Design software maker’s offering being followed in Silicon Valley for signs the market is ready for more tech listings
Polymarket buys regulated exchange to offer prediction bets in US
Regulators have expressed willingness to allow prediction markets as long as they operate on licensed platforms