The size and richness of China's Simandou deposit in Guinea could shift the iron ore industry’s power dynamics and help transform the nation’s economy bloomberg.com/news/features/…

Izzy Englander sold a roughly 15% stake in Millennium to a group of investors, helping to prepare one of the world’s largest hedge funds for a time when he no longer sits at the helm. Valuation: $14 billion. bloomberg.com/news/articles/…

Economic insecurity is hastening the death of the two-party system in UK politics, with the Parliamentary seats containing England's poorest neighborhoods turning to Nigel Farage's Reform UK. bloomberg.com/news/articles/…

It's good that most tech giants spending wildly on AI have mountains of cash to throw around, but the brief useful life of the chips is a worry, writes Chris Bryant bloomberg.com/opinion/articl…

The European Parliament has voted to dramatically wind back the bloc’s ESG rules following intense US pressure. The development means that >90% of companies originally in scope of ESG reporting requirements will no longer need to comply. bloomberg.com/news/articles/…

Budget in chaos tonight Story: bloomberg.com/news/articles/…

******EXCLUSIVE****** Rachel Reeves received an improved fiscal forecast from her budget watchdog putting the fiscal hole at £20 billion, leading her to drop plans to raise income tax rates, people familiar with the matter said. The latest update from the Office for Budget

This is quite the statement from a FTSE 250 CEO... “We will not invest a penny in the UK in any meaningful form until June after the May elections.” bloomberg.com/news/articles/…

"It destroyed my faith in the institution." Oxford University is failing women over harassment concerns, a Bloomberg investigation found bloomberg.com/news/features/…

NEW/EXCLUSIVE: A French branch of HSBC closed a bank account maintained by Jeffrey Epstein in 2007 after compliance officers flagged transactions for suspicious activity, including payments tied to a modeling agent later accused of rape & sex trafficking The previously

Exclusive with Joe Mayes Rachel Reeves will announce a three-year stamp duty holiday for new listings on the London Stock Exchange at the budget, as the chancellor looks to revive the ailing UK market bloomberg.com/news/articles/…

New with Daryna Krasnolutska Despite a US official suggesting a deal has been done with Ukraine, the ‘agreement’ is on the broad framework, sources say Essentially this is the revised / stripped down 19 point plan from Geneva which left many of the key points outstanding Still

Liz Truss is back -- with an investment opportunity for the super-rich bloomberg.com/news/articles/…

OBRishambles budget anyone?

Here are the key budget measures from the early OBR release: • freezing personal tax and employer National Insurance contributions thresholds for three years from 2028-29, raising £8.0 billion • charging NICs on salary-sacrificed pensions contributions, raising £4.7 billion •

Markets are so far accepting the budget, if not exactly embracing it Gilts and the pound headed slightly higher after swinging around as investors took comfort in higher headroom However with many measures backloaded there is still scepticism over how credible this package is

One of the most interesting lines in the OBR analysis: it says none of the policy measures boost growth. Govt says its number one priority is growth - but couldn’t find a budget measure to lift growth. P62 here obr.uk/docs/dlm_uploa…

Hong Kong plans to phase out its long tradition of using bamboo scaffolding for construction projects, after the city’s deadliest residential fire in more than 60 years. Here's what to know. bloomberg.com/news/articles/…

The head of the UK’s Office for Budget Responsibility resigns after the fiscal watchdog accidentally leaked the contents of Rachel Reeves’ crucial budget just before the chancellor was due to unveil her plans bloomberg.com/news/articles/…