Ana Botín argues additional levies on banks hinder lending and economic growth amid calls for tax reforms in the sector. Santander executive chair Ana Botín has criticized the UK’s bank tax policy, calling it economically irrational. The current system imposes a balance sh
New model aims to help businesses scale AI adoption after research shows only 21% have redesigned processes around the technology. Accenture and Carnegie Mellon University’s Software Engineering Institute launched an AI Adoption Maturity Model to guide organizations from e
The AI leader's SEC filing leaves timing and valuation open amid strategic considerations for remaining private longer. OpenAI has submitted a confidential initial public offering filing with the SEC, though no share count, price range, or listing date has been set. The co
After a quiet few years, initial public offering (IPO) mania is picking up, with three of the most anticipated IPOs in years: SpaceX, Anthropic, and OpenAI. Anthropic and OpenAI's anticipated IPOs don't have a date yet, but SpaceX is set to go on June 12 To say ther
Marks & Spencer has agreed a new franchise arrangement in the Philippines with PT Mitra Adiperkasa (MAP), with the first store due to open in Glorietta by the end of 2026. The agreement expands a relationship of more than two decades between M&S and the Indonesian lifestyl
Cryptocurrencies fall sharply despite resilient US stocks as investors shift capital to booming collectibles market. Cryptocurrencies have underperformed in the past month, diverging from US stocks which remain near record highs. The $60,000 m crypto market has slumped as
The pair trades marginally lower but remains above 0.7965, reflecting sustained bullish momentum despite resistance at 0.8000. The US Dollar edges slightly lower against the Swiss Franc, trading near 0.7980 after failing to break above the 0.8000 level. Bulls remain in con
Oil prices unchanged after Middle East conflict escalation Oil prices were little changed after a sharp escalation in the Middle East involving Israel and Iran. The conflict's path, especially involving Hezbollah and Iran's decisions, will be crucial for future ene
US equities rebound led by tech and energy sectors, while Asian markets underperform amid AI-driven investor demand and geopolitical tensions. US stock indices closed higher, driven by gains in technology and energy sectors, offsetting declines in most other industries. Th
The new card allows USDC holders to use crypto as collateral for credit access, targeting those ineligible for traditional unsecured cards. Coinbase and fintech firm Cardless introduced a credit card secured by stablecoins, enabling users to leverage USDC holdings as colla
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