Business

Baillie Gifford faces £12m ‘cat bond’ payout after hurricane

Fund manager is among investors expected to pay up to $150m in disaster relief funds to Jamaica

Canada leads effort to loosen China’s grip on rare earths

Canada joins Japan, Australia and the US in boosting supply but the industry will take time to develop

Bartlett’s Disney dream will test reach of creator economy

Venture capitalists are striking more deals with influencers, but do they have the right business models to rival Hollywood

Climate action is the best way to ensure long-term growth

Although we may have underestimated the risks of the climate crisis, we have also been too pessimistic about the opportunities created by new, green technology

What could possibly burst Nvidia’s $5tn bubble?

Now more valuable than the German economy, the chipmaker has invested in AI ventures with unclear returns

Sheffield Wednesday is in administration, but fans are celebrating

The departure of a controversial owner gives hope for the future

High visa prices could deter top scientists from moving to UK

A report finds the upfront cost of main British work visas is 22 times higher than the average in 17 other countries

Donald Trump eyes the US conquest of Davos

The president plans to make the global gathering in January a celebration of American history

‘Badenoch and Farage should stop making rules they can’t keep’

The leaders’ new ‘golden rules’ for the economy are clumsy, inflexible and unnecessarily restrictive

‘It’s time for a new era of scale-up investment to power British growth’

The UK has the talent and tech hubs to become an AI superpower but we lack scale-up capital and an investment culture

The chancellor has finally got the Brexit message, but only part of it

Reeves has shared the dramatic news that the damage of Brexit imposes a serious constraint on her budgetary freedom

‘Clean food’ brands stall but are in for the long haul

Even major brands in the plant-based food industry are finding that sustainability is not such an easy sell

Messageboard 4chan refuses to pay fine over ‘free speech’

The US messageboard is openly defying British regulators and refusing to comply with the Online Safety Act

Ozempic maker suffers ‘meltdown’ as board directors quit

Boardroom drama has erupted at Novo Nordisk as its market value plunges and it faces stiff competition in the weight-loss injection sector

TV switch-off date could cut access for 10m UK viewers

Plans to move to internet-only streaming by 2035 may be moving too fast

Britain’s ‘shadow bank’ crisis is spooking the regulators

Bank governor Andrew Bailey is among those warning about growth in lending by pools of private capital

To encourage growth, the whole system of tax relief for R&D needs a revamp

Let’s reform the corporation tax base and give relief for all investment

ChatGPT spend stalls as AI ‘bubble’ grows

OpenAI’s flagging subscription rate is feeding worries that an AI bubble may soon burst