Markets
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Oracle co-founder Larry Ellison surpasses Elon Musk in wealth. Oracle’s stock surged over 40%, increasing Ellison’s net worth by $101 billion, highlighting the immense wealth generated by the AI boom reshaping technology fortunes.
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The UK economy registered absolutely zero growth in July 2025. The stagnation follows a stronger June and leaves the government under pressure to deliver credible pro-growth measures in its November Budget. Inflation concerns and global headwinds continue to weigh on the outlook.
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SEC may reassess IFRS use due to ISSB formation. The SEC may review its rules on foreign companies using IFRS standards, following the establishment of the ISSB. Concerns include potential funding diversions and impacts on U.S. firms due to EU regulations….
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Vanguard’s proxy voting pilot shows younger, female investors favour ESG. Vanguard’s Investor Choice pilot revealed significant generational and gender differences in ESG-focused voting. Younger investors and women are notably more inclined towards ESG policies, contrasting with older and male investors….
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EIB to fund €17.5 billion for SME energy efficiency. The European Investment Bank, with the European Commission, will invest in energy efficiency for SMEs, aiming to support over 350,000 businesses and mobilise €65 billion by 2027 through innovative financial products….
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Robeco launches Climate Euro Government Bond ETF for climate-focused investments. The ETF invests in euro government bonds, adjusting country weights based on climate scores and green bond issuance to support countries with effective climate strategies and sustainable infrastructure investment….
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RMT chief claims £72,000 salary insufficient for London homes. Eddie Dempsey argues that tube drivers’ wages do not match the high cost of living in London, as the RMT continues its strike actions demanding better pay and conditions.
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AI is not yet reshaping jobs, but leaders must prepare. The New York Fed reports rising adoption of artificial intelligence without widespread layoffs, with most firms retraining staff. History suggests disruption lags adoption, leaving leaders a crucial window to redesign roles, embed trust, and invest in future skills.
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Hong Kong expands its sustainable finance taxonomy to include transitions. The Hong Kong Monetary Authority proposes updates to its sustainable finance taxonomy, expanding to include transition activities and new sectors. These changes aim to mobilise capital for decarbonisation and balance environmental and economic goals….
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Merck cancels £1bn London drug centre, impacting UK growth. The pharmaceutical giant will lay off 127 employees, citing an unfavourable UK investment climate. This follows AstraZeneca’s similar decision, highlighting industry frustration with current government policies.