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The secretive First Brands founder, his $12bn debt and the future of private credit
Patrick James borrowed billions — even after presiding over a string of failed businesses
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Morgan Stanley and BofA smash forecasts with investment bank results
Revival in core Wall Street businesses has powered gains across America’s biggest banks
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Starmer to publish key witness statements in China spy case
Prime minister has been under pressure over dropping of charges against two British men
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No need for a moral panic about the welfare system
It’s far from perfect, but the UK’s spending is broadly controlled and employment is high
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Why the US could not shake off the Middle East
Lessons from a pivot to Asia that never comes
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Britain has lost control of its borders, home secretary admits
Shabana Mahmood says public trust in state will be weakened unless politicians ‘bring order’ to immigration
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Bank of England loosens bonus rules
Fewer restrictions on financial sector pay following changes by central bank
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LVMH shares surge 12% as luxury powerhouse returns to growth
Group controlled by French billionaire Bernard Arnault leads rally across sector
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