Paul Weiss Chairman Brad Karp Resigns Over Epstein Emails
Brad Karp, chairman of law firm Paul Weiss, has resigned following revelations of his involvement in Jeffrey Epstein emails, sparking a major leadership crisis.
Category : Business
EU Envoy: Russian Economy Nearing Unsustainable Point
David O'Sullivan, EU sanctions envoy, says Western sanctions are significantly impacting Russia's economy, with war-based distortions potentially becoming unsustainable by 2026.
Water Crisis, Shell Pay Rise, KPMG AI Challenge
South East Water faces mounting criticism over supply failures while Shell proposes a major CEO pay increase and KPMG warns of AI-driven industry transformation ahead.
Brad Karp Steps Down After Epstein Files Revelations
Brad Karp, the long-serving chair of Paul Weiss, has resigned following revelations in the Jeffrey Epstein files, marking a significant leadership change at the top law firm.
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Nintendo Switch 2 Worries and Gaming Industry Analysis
Readers express concerns about Nintendo Switch 2 performance and wider gaming industry challenges, including Xbox's future and GTA 6's impact, in the latest GameCentral letters.
Volunteers Clean New Zealand's Remote Hiking Huts
An army of volunteers treks into New Zealand's wilderness to clean and maintain remote hiking huts, preserving cultural heritage and teaching environmental stewardship.
PwC Launches AI Bootcamp for UK Leaders
PwC has launched an AI bootcamp for UK business leaders to enhance skills in artificial intelligence, focusing on practical applications and strategic implementation.
ESG Fund Revenue Crashes in Europe Amid Investor Exodus
European ESG funds have experienced a dramatic decline in revenue, dropping by over 40% in 2023, as investors shift away from sustainable investments amid market pressures.
BCG London Office Opens Free Bar for Employees
Boston Consulting Group introduces a complimentary bar at its London headquarters, aiming to boost workplace culture and employee well-being in the competitive consulting sector.
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FCA Demands City Firms Prove Consumer Duty
The Financial Conduct Authority has issued a directive requiring City firms to provide evidence of their adherence to the new Consumer Duty regulations, with a focus on fair value and customer outcomes.
Bunnings Facial Recognition Ban Overturned
An Australian tribunal has reversed a 2024 privacy ruling, allowing Bunnings to use facial recognition technology to combat retail crime and protect staff and customers from violence.
Alphabet Q4 Earnings Jump 15% on AI and Cloud
Alphabet reports a 15% revenue increase in Q4 2025, driven by AI advancements and cloud services, with Google Search and YouTube showing strong performance.
Moelis Pay Costs Jump 22% as Deal Fees Hit Record High
Investment bank Moelis & Co. has seen a 22% increase in compensation expenses, driven by record-high deal fees, highlighting rising costs in the financial sector.
Nike EEOC Probe: White Employee Discrimination Claims
The US Equal Employment Opportunity Commission is investigating Nike following allegations of discrimination against white employees, raising questions about corporate diversity policies.
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Guardian Corrects IPPR Britishness Survey Report
The Guardian has issued a correction regarding its reporting of an IPPR survey on British identity, clarifying the specific wording respondents agreed with about national belonging.
Tungsten West in £50m Share Sale Talks
London-listed Tungsten West is finalising plans for a £40-50m share sale to fund its Devon tungsten mine project, aiming to capitalise on soaring global demand for critical minerals.
Tesco's Welsh Signs in Cornwall Cause Confusion
Tesco apologises after installing Welsh bilingual signs in a Cornish store, highlighting the growing recognition and challenges of promoting the Cornish language.
GSK Shares Hit £20 After Strong 2025 Performance
GSK's share price has jumped from £14 to over £20, driven by robust 2025 financial results and renewed confidence under new CEO Luke Miels.
Finsbury Fund Slides Amid AI Market Jitters
Nick Train's Finsbury Growth and Income Trust suffers significant losses as AI productivity tools trigger sell-off in key software holdings, extending a challenging period for the veteran fund manager.
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Nordic Center Parcs 50% Cheaper Than UK
A new Center Parcs in Denmark provides budget-friendly holidays with Scandinavian style, costing over half less than UK counterparts during peak periods.
Switch 2 Western Sales Weaker Than Expected
Nintendo Switch 2 achieves record global sales but faces unexpected softness in Western markets, with US and European figures lagging behind projections.
SpaceX xAI Merger Raises IPO Stakes
Elon Musk's decision to merge xAI with SpaceX creates a $1.25 trillion private company giant, strengthening growth potential but adding complexity ahead of a potential public offering.
South Africa's Top Hotels: One&Only and Belmond Mount Nelson
Explore the luxurious One&Only at V&A Waterfront and the historic Belmond Mount Nelson in Cape Town, offering world-class dining, spas, and unique experiences for an unforgettable escape.
The Rising Sun: Toast Award Winner Pub Feature
City AM launches a new weekly pub feature, starting with The Rising Sun on Carter Lane, winner of the Toast the City award for best boozer in the Square Mile.
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FSB Warns of 'Fire Sale' Risks in $16trn Repo Market
The Financial Stability Board urges regulators to monitor leveraged trades in repo markets that could amplify financial stability risks and trigger asset dumping.
UK M&A: Value Up 12%, Volume Down 12% in 2025
UK merger and acquisition activity saw deal value increase by 12% to £131bn in 2025 despite a 12% drop in volume, driven by demand for digital and energy infrastructure assets amid AI growth.
Bill Gates Regrets Epstein Ties as Melinda Addresses Marriage
Bill Gates has publicly expressed regret over his association with Jeffrey Epstein, while his ex-wife Melinda French Gates alluded to painful aspects of their marriage during a revealing interview.
Amazon Blocks Fire TV Stick Apps Amid £3m Illegal Streaming Crackdown
Amazon is intensifying its crackdown on illegal streaming by blocking apps on Fire TV Sticks, while police uncover a £3m illegal network with four arrests made.
London Falls in Global City Rankings for 2026
London has dropped to 18th place in Euromonitor's Top 100 City Destinations Index for 2026, marking a second consecutive year of decline for the UK capital.
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PSR Abolition Not Expected Before 2027
The head of the Payment Systems Regulator states the watchdog won't be abolished earlier than Q1 2027, amid criticism of slow sector reforms and ongoing consolidation into the FCA.
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