The European Central Bank has warned that eurozone banks are at risk of mounting bad loans and a funding squeeze due to rising interest rates, higher inflation and a likely recession.Supervisors at the ECB plan more frequent inspections of bank offices and will carry out…

Elon Musk attends Heidi Klum’s 2022 Hallowe’en Party at Cathedrale at Moxy Hotel on October 31, 2022 in New York City.Taylor Hill | Getty ImagesTech billionaire Elon Musk was met with a mixture of boos and cheers from an audience at a Dave Chappelle comedy…

Greeting from New York, which is getting into the holiday season with tree lights, mask-free parties — and a sense of relief that the bizarre year that was 2022 is drawing to an end. As it does, there are two quite contradictory trends shaping the…

Amgen has agreed to buy Horizon Therapeutics for $28.3bn, including debt, after the California-based biotech won a three-way race to secure a new pipeline of drugs for rare autoimmune and inflammatory diseases. Horizon shareholders will receive $116.50 per share in cash, a premium of nearly…

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Microsoft (MSFT) is buying a 4% stake in the London Stock Exchange as part of a deal that will see the market operator spend at least $2.8 billion over 10 years on the software provider’s cloud services. The companies announced the partnership in a joint…