Carlyle Group finally has a chief executive. Now it just needs to firm up an identity. The venerable private capital firm, which manages $373bn, has chosen former Goldman Sachs executive Harvey Schwartz as its new boss. Not before time. A leadership void was one reason…

Big Tech offered a generally gloomy outlook as companies released results yesterday, with both Apple and Google reporting a decline in sales while growth at Amazon’s cloud computing business slowed.Apple posted a decline in quarterly revenues for the first time in three-and-a-half years after “significant”…

Apple posted a decline in quarterly revenues for the first time in three-and-a-half years after “significant” supply chain disruptions in China delayed deliveries of iPhones during the important holiday period. The worse than expected performance highlighted Apple’s dependence on China for manufacturing and came after…

Google’s advertising revenue slipped 4 per cent in the final quarter of last year, marking only the second quarterly contraction in the company’s history, according to figures released late on Thursday.The advertising decline followed a sharp slowdown in Google’s business last year as economic growth…

UK ministers were criticised on Friday for continuing to delay a long-awaited strategy to support the semiconductor industry by a committee of MPs.The government had intended to publish the plan to develop Britain’s chip sector by the autumn 2022, according to a report by the…

One of 3M’s largest shareholders has called on the US conglomerate to improve performance or consider appointing a new chief executive, following five years of weak returns, legal challenges and a falling share price.Flossbach von Storch, the eighth largest investor in the group, warned 3M…