Business

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Saudi Arabia could be ‘fantastically changed’ even if only half of its reform plans happen, investor says

Saudi Arabia’s crown prince has set out an ambitious plan to modernize his country. But even if half of his plans…

P&G to acquire German Merck’s consumer health business for about $4.21 billion

Procter & Gamble has agreed to acquire Merck KGaA’s consumer health unit for 3.4 billion euros ($4.2 billion), giving it vitamin…

There’s ‘tremendous’ potential for city planning in the Middle East, says infrastructure exec

The Middle East has been forward-looking when it comes to unusual property developments, Wong Heang Fine told CNBC’s “Capital Connection.” “They…

AI pharma start-up BenevolentAI now worth $2 billion after $115 million funding boost

British artificial intelligence start-up BenevolentAI has bagged $115 million from investors, lifting its pre-money valuation to $2 billion. The London-based firm,…

Barclays boss Jes Staley faces penalty for ‘conduct breach’

Barclays boss Jes Staley is facing a fine by UK regulators for breaching rules when he tried to identify a…

Premier League club revenues soar to £4.5bn

Premier League clubs reported record revenues of £4.5bn in the 2016-17 season, and also returned to profit. Clubs collectively reported…

Kardashians pull the plug on Dash fashion stores

The Kardashians are closing their fashion boutiques, showing that even celebrities can’t dodge the retail downturn. Kim Kardashian West and…

Carney: Brexit uncertainty could delay interest rate rise

The governor of the Bank of England has said that an interest rate rise is “likely” this year, but any…

Wells Fargo hit by record $1bn penalty

Wells Fargo has been fined a record $1bn by two US regulators to resolve investigations into car insurance and mortgage…

Royal Mail boss Moya Greene to retire

Moya Greene will step down as Royal Mail chief executive in June after more than eight years. The Canadian will…
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