Lead developer of major Scottish carbon capture project to sell stake
Decision raises questions about project’s future and fuels concern over declining industrial base
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BP in advanced talks to sell $8bn Castrol unit to US group Stonepeak
British oil company has been trying to sell the business as part of efforts to raise $20bn from asset sales
Whoever controls digital wallets will control the future
If a single system dominates, it will become nearly impossible to opt out
MSCI launches index combining public and private equities
New benchmark comes after rapid growth of unlisted assets sector in recent years
Bank of England to consult major private credit groups on stress test
Landmark exercise to test resilience of $16tn finance market outside banking
Layoff announcements this year top 1.1 million, the most since 2020 when pandemic hit, Challenger says
The firm said layoff plans totaled 76,835 in November, a step down from October but still enough to bring the 2025 total up to 1.17 million.