Canada picks German subs for multibillion-dollar contract
Canada selects TKMS to build 12 diesel-electric submarines, replacing aging fleet, deepening Nato ties, in a deal worth over US$12bn.
Category : Corporate
China's race to build robotic hands that rival human dexterity
Chinese startups are leveraging manufacturing advantages to develop dexterous robotic hands, aiming to transform humanoid robots from gimmicks into useful products. The industry surpassed 50bn yuan in 2025.
Union workers decry Trump's 'war on wind' as jobs vanish
Unionized wind workers describe job uncertainty after Trump's stop-work orders and lease buyouts, while officials deny job losses.
System to get young people into work 'is broken'
A new report warns the system for young Brits seeking work experience is 'broken', with 74% of schools struggling to organise placements and almost half of businesses not offering them.
Knights Secures £60M for Law Firm Buys
London-listed law firm Knights Group has secured a £60 million warchest to fund acquisitions, aiming to expand its footprint in the UK legal market.
Susquehanna Interns Earn $8,600 Weekly
Susquehanna International Group will pay summer interns up to $8,600 per week, making it one of the highest-paying internship programs on Wall Street.
Schroders sells Benchmark Capital to Soderberg
Schroders has sold its financial planning business Benchmark Capital to Swedish firm Soderberg & Partners, as part of a strategic shift to focus on core asset management.
RBC's European Growth Plans: New Hires and Offices
RBC is expanding in Europe with new hires and office openings, aiming to boost its investment banking presence across the continent.
FN Reveals Leaders in European Finance 2024
Financial News unveils its annual list of the most influential figures in European finance, highlighting key leaders shaping the industry.
City job shift to regions faces AI disruption
The shift of financial jobs from London to regional UK hubs faces disruption from AI, which may reduce the need for relocation, according to a report.
Why BlackRock's Hedge Fund Boss Left White House
Mark McCombe, former White House official, joins BlackRock as head of its hedge fund division, citing the firm's global influence and scale as key draws.
Private Equity's Vast Reach in UK Economy Revealed
A Guardian investigation found that one in eight UK workers is employed by private equity-controlled firms, with £1 in every £11 spent on public contractors going to such firms.
AustralianSuper Whitehaven stake questions climate pledge
AustralianSuper, Australia's biggest super fund, is now the largest investor in Whitehaven Coal despite a 2020 net zero pledge. Critics question alignment with climate goals.
EasyJet agrees to £5.5bn Castlelake takeover
EasyJet accepts a £5.5bn takeover offer from US firm Castlelake, taking the UK's largest low-cost carrier private at £6.90 per share.
Man Utd and Liverpool learn Thuram asking price
Juventus set €50m asking price for Khephren Thuram, with Manchester United, Liverpool and Nottingham Forest interested in the midfielder.
Severn Trent doubles CEO reward plan to £3.1m
Severn Trent doubles CEO James Jesic's long-term incentive plan to 400% of salary, enabling up to £4.8m annual pay, despite environmental failures and public anger over water bosses' compensation.
BMA could cut 200 jobs amid financial crisis
The British Medical Association plans to cut up to 200 staff in England to address a recurring deficit, sparking staff anger and accusations of hypocrisy.
OpenAI's Stargate UK plan: key site unvisited, £20bn hypothetical
OpenAI's Stargate UK project appears largely hypothetical, with key site unvisited and £20bn of £30bn touted investment uncommitted, raising questions over UK AI strategy.
Starling Bank to cut 130 jobs, invest in AI to reduce costs
Starling Bank will cut 130 jobs (3% of workforce) and increase AI investment to reduce duplication and costs, amid a 6% revenue drop and £29m FCA fine.
Macro hedge funds cash in on volatile markets
Macro hedge funds gained 4.5% in 2023 through November, outperforming other strategies amid volatile markets driven by inflation and central bank policy shifts.
Xbox layoffs to fund Halo and other franchises
Xbox is reportedly closing studios and laying off staff to redirect resources to Halo and other iconic franchises, according to multiple insiders.
Top Women in Finance 2024: Nominate Now
Financial News opens nominations for its 2024 Top Women in Finance list, celebrating female leaders in European finance. Deadline is May 17.
Julius Baer hires StanChart, Deutsche Bank veteran as CFO
Julius Baer appoints Evie Kostakis as CFO, succeeding Nic Dreckmann, effective from the second half of 2025, according to a statement.
JPMorgan boosts sponsors team; ex-Eisler partner to Gemcorp
JPMorgan expands its sponsors team with senior hires while an ex-Eisler partner joins Gemcorp, signaling shifts in investment banking and commodity trading talent.
Key Insights from Clifford Chance's Partnership
Clifford Chance's new partnership agreement reveals a shift to performance-based profit sharing and a reduced lockstep period, aiming to boost retention and competitiveness.
OpenAI in early talks to give 5% stake to US government
OpenAI is reportedly in early-stage talks to give a 5% stake to the US government, as CEO Sam Altman seeks to share AI benefits and smooth relations with the Trump administration.
NBCUniversal considers gaming move as industry struggles
NBCUniversal is exploring entry into digital gaming, according to Reuters, potentially leveraging Peacock or acquiring studios, as the video game industry faces monopolization and financial challenges.
RBC Hires Macquarie Dealmaker Scaddan
RBC Capital Markets has hired Macquarie dealmaker James Scaddan as managing director to bolster its financial sponsors coverage in Europe.
JPMorgan hires BNP Paribas dealmaker Holloway in sponsors push
JPMorgan has hired BNP Paribas dealmaker David Holloway as a managing director to lead its financial sponsors coverage in Europe, the Middle East and Africa.
US Banks Gain Share as Deal Fees Surge 16%
US investment banks increased their share of global M&A fees to 53% in 2024 as total deal fees rose 16% to $68 billion, driven by a rebound in large transactions.
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