Berkshire Hathaway cuts Activision stake as Microsoft deal flounders

Warren Buffett’s Berkshire Hathaway trimmed its bet on Activision Blizzard in late 2022, as the video game maker’s agreed takeover by Microsoft came under regulatory scrutiny. Berkshire sold 7.4mn shares, or 12... Read more »

Ukraine claims Russia using balloons to distract its air defences

Ukraine has accused Russia of turning to balloon power to support its invasion of the country, although with markedly different aims from China’s intelligence gathering operations. Moscow has allegedly begun launching aerial... Read more »

SoftBank’s future rests on Arm

In what he claimed was his last presentation to investors in November, Masayoshi Son lamented that his entrepreneurial knack would be wasted as SoftBank shifted to a full defensive mode to cut... Read more »

Allen & Overy introduces AI chatbot to lawyers in search of efficiencies

Allen & Overy is introducing an artificial intelligence chatbot to help its lawyers draft contracts, as the magic circle legal firm seeks to adopt the much-hyped technology to find efficiencies for its... Read more »

Deutsche Bank cuts ties with Selfridges co-owner René Benko

Deutsche Bank has cut ties to one of Europe’s most successful property developers over concerns about his involvement in a sprawling corruption investigation. Germany’s biggest lender decided late last year to end... Read more »

Barclays’ profits hit by fall in investment banking fees

Barclays’ profits fell 4 per cent in the fourth quarter as a plunge in fee income at its investment bank offset a strong performance at its consumer lending business, which was boosted... Read more »

Stocks slip and dollar strengthens as investors weigh interest rate outlook

Global stocks fluctuated and the dollar strengthened on Wednesday as investors weighed the outlook for interest rates in the wake of fresh inflation data in the US and UK. Europe’s region-wide Stoxx... Read more »

Live news: EU to hit Russia with more sanctions worth €11bn

The initial findings of an investigation into the failure of the Virgin Orbit launch from a UK spaceport in January are pointing to issues with the fuel system. The attempt to send... Read more »

A war for climate talent is hotting up

In 2017, Eugenie Mathieu was a senior Greenpeace campaign strategist in New York, trying to stop ancient forests being chopped down to make toilet paper. A year later, she was back in... Read more »

Sunak explores public sector pay deal that backdates wage offer

Prime Minister Rishi Sunak and chancellor Jeremy Hunt are exploring a pay offer to try to end the wave of public sector strikes that would backdate next year’s wage award for NHS... Read more »