Breaking News

Number of pubs falls by 7,000 in a decade to lowest on record
There are 7,000 fewer pubs in England and Wales than there were 10 years ago, research has found.

World’s richest suffer historic $2.1 trillion wipeout
It has not been a kind 2022 for the world’s 500 richest people. Some of the highest-flying shares – and the billionaires who own them – are losing altitude fast.

Zimbabwe to introduce gold coins as local currency tumbles
Soaring inflation piling pressure on country already struggling with shortages and stirring memories of Mugabe chaos Zimbabwe’s central bank will start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. The central bank governor, John Mangudya, said in

Risky strategy for picking winners and losers in the green economy
The Grattan Institute’s report on industry policies for a green economy involves heavy government interventions and taxpayer funding. Surely the market and risk-takers should be left to sort out the winners and losers.

Fidelity to open direct indexing to the masses

Gulf oil cash becomes a magnet for global money managers
Hedge funds look to expand in a region not laid low by inflation and the war in Ukraine

KPMG’s business in UAE split by partner infighting and coup attempt
Chief executive of Lower Gulf operations had faced a secret ballot on his leadership