Business

Investors Withdraw Record Sums from Equity Funds Amid High Market Valuations Data reveals that investors in the UK have withdrawn an unprecedented amount of money from equity funds over the past three months, driven by concerns over soaring stock market valuations. According to the latest figures from Calastone, the largest

Intrepid Shifts Climate Strategy, Drops Carbon Offsets One of the travel sector’s most environmentally conscious operators, Intrepid, has decided to end its carbon offset program and abandon existing emissions targets, deeming them unattainable. The Australia-based global tour company announced it will instead allocate A$2 million (£980,000) annually

Bank of England Warns of Potential Market Turmoil Amid AI Valuation Surge The Bank of England has cautioned about an increasing risk of a "sudden correction" in global markets, highlighting concerns over rapidly rising valuations of major AI-focused technology firms. Officials noted additional threats, including a potential "

Global Economic Uncertainty Warned as the "New Normal," IMF Chief Says The head of the International Monetary Fund has issued a stark warning about increasing risks to the global economy, stating that uncertainty has become the new reality. As financial leaders prepare to convene in Washington for the

Pubs, clubs, and restaurants may be permitted to stay open later as part of efforts to stimulate economic activity, a decision that some argue could worsen alcohol-related disturbances. Authorities are moving forward with proposals to let venues serving alcohol operate longer hours, aiming to support nightlife and businesses in the

Entry-Level Workers at Risk as AI Replaces Hires, Study Finds A recent study reveals that companies are increasingly turning to artificial intelligence instead of hiring new employees, posing a significant challenge for entry-level workers. The British Standards Institution (BSI) surveyed over 850 business leaders across Australia, China, France, Germany, Japan,