US equities fell in afternoon trade in New York on Wednesday as investors turned cautious on comments from Federal Reserve officials that US interest rates would have to rise to combat inflation.The blue-chip S&P 500 was 0.9 per cent lower as traders’ concerns lingered that…

Rail industry bosses have criticised ministers’ confrontational approach to the unions as the biggest industrial action to hit the UK railways in decades began last summer, and said “bashing” them had made it harder to reach a deal. Andrew Haines, the chief executive of public…

Elon Musk attends the 2022 Met Gala at the Metropolitan Museum of Art.Angela Weiss | AFP | Getty ImagesPresident Joe Biden drew loud cheers during his State of the Union address Tuesday night when he proposed a new tax on the rich. “Pass my proposal…

Bitcoin’s recent uptrend has sparked discussions among investors and traders about the future of the world’s largest cryptocurrency by market capitalization. After recording a 5-day streak of negative closes, Bitcoin rebounded with a 2.14% increase in value yesterday. This surge in price is largely due…

Gautam Adani, whose Indian business empire is under pressure over fraud allegations, repaid a $1.1bn share-backed loan last week after facing a margin call of more than $500mn, according to four people with direct knowledge of the matter.They said the repayment was designed to avoid…

The City of London Corporation has embarked on a sweeping review of regulations for financial services in the UK as it seeks to boost the Square Mile’s competitiveness.The governing authority for London’s financial centre will push for further regulatory reforms in financial and professional services,…