Alex Gerko earned £682mn from trading firm XTX in 2024
Profits split between company’s quantitative traders rose more than 70% from a year earlier
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German autos sector slashes jobs as economic woes bite
Germany’s industry is suffering as Europe’s largest economy is facing various headwinds.
US long-term debt sells off after Trump’s attempted firing of Fed governor
Gap between long-term and short-term borrowing costs is close to its widest for three years
US shale companies tighten their belts amid oil price uncertainty
Despite their caution, overall crude production is actually increasing
French assets hit by prospect of government collapse
Investors warn government is likely to lose a snap confidence vote on September 8