Google outpaces rivals as Big Tech’s AI spending plans rise to $725bn
Meta stock drops on capex increase while Alphabet’s cloud business grows faster than rivals Amazon and Microsoft
Economic news
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The energy crisis is no excuse for bad subsidies
We know what worked and what failed the last time around
Oil surges past $125 as fears of prolonged supply disruption grow
Brent crude sets new conflict high as blockade of Strait of Hormuz continues
Bank of England in stand-off with FCA over trading firms’ capital
Rare dispute emerges after watchdog proposes to boost liquidity for groups such as Jane Street and Citadel Securities
Private equity’s tempest in a teapot
CVC and KKR are facing the prospect of extended ownership of food businesses they acquired from Unilever