Financial reforms set to give £1.6bn boost to City of London
Government assessment comes as Rachel Reeves champions district as driver of economic growth
Economic news
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ECB summons banks to urge them to fix flaws exposed by latest AI models
Supervisor to stress seriousness of risks to financial system at hastily arranged meeting
Centerbridge in talks to buy stake in $3bn real estate firm
Potential investment in Merritt Properties comes amid a busy stretch for acquisitions in commercial property
Why IPO mania could signal top of the market
A potential deluge of AI-related equity supply removes a source of upthrust for prices
Iran war could add billions of dollars in interest payments to US debt
Government borrowing costs have reached their highest levels since 2007 after three months of the conflict
Americans are feeling inflation’s pinch into the holiday weekend. Here’s where prices are rising the most
Prices related to travel, recreation and food saw particularly steep increases, stretching Americans’ wallets as they celebrate the unofficial start of summer.