How the Iran crisis undermines the Bank’s QT programme
Unlike the previous crises, this time the Bank carried on selling. It is time for a rethink.
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Why OpenAI and Anthropic may struggle to float
The costs of remaining at the frontier of AI are punishing, but the penalties for falling behind may be even worse
UK ministers changed stance on biofuels after officials’ US lobbying tour
Revelation raises concerns that US commercial pressure could weaken Britain’s efforts to reduce carbon emissions
Baillie Gifford pursues ‘voluntary exits’ under new strategy
Scheme for UK-based staff comes as firm refocuses on areas such as family offices and financial advisers in US and Asia
Big investors commit billions to private credit despite turmoil
Institutional investors poured money into funds as retail money fled
US regulator’s change of tack comes with risk of obscuring audit flaws
The PCAOB has signalled a shift from individual checks towards firm-wide quality controls