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Jamie Dimon opens door to a $20bn JP Morgan takeover
Jamie Dimon has kicked the door open to the prospect of JP Morgan completing a major takeover that would shake-up the global banking landscape. The Wall Street boss raised the idea of the bank spending as much as $20bn (£15bn) as it looks to capitalise on the freed up capital from deregulation reforms. “I do think there might be, in the next couple years, a chance to put $10bn or $20bn to work buying something,” he said during a banking conference on Wednesday. “And when we do that, we’ll...
'We went into the woods to make a pool for our kids - now everyone wants to come'
It's fair to say 'Ton Pentre Lido' has been a hit
The £5 coffee that tells a story of global economic turmoil
The £5 coffee that tells a story of global economic turmoilPublished28 May 20262067 CommentsByFaisal IslamEconomics editorListen to Faisal read this story.It's 9am at Kew Bridge in west London, and tourists, runners and dog walkers are queuing up at the Dear Coco vintage Italian coffee cart.It is high-grade coffee made from the arabica bean, brewed in an expensive La Marzocco machine - and the price shows that, at £4.50 for an iced latte, £4.10 for a 10 oz latte, and £3.90 for a 6 oz flat white....
The £5 coffee that tells a story of global economic turmoil
The £5 coffee that tells a story of global economic turmoilJust nowShareSaveAdd as preferred on GoogleFaisal IslamEconomics editorBBCListen to Faisal read this story.It's 9am at Kew Bridge in west London, and tourists, runners and dog walkers are queuing up at the Dear Coco vintage Italian coffee cart.It is high-grade coffee made from the arabica bean, brewed in an expensive La Marzocco machine - and the price shows that, at £4.50 for an iced latte, £4.10 for a 10 oz latte, and £3.90 for a 6 oz...
Chaos at BP as Manifold doubles down on defence against firing
Albert Manifold has dialled up his attack on his former employer BP, accusing the energy giant of lacking direction before he took the reins and denying the company’s allegations about his conduct. In his second statement in as many days, BP’s ousted chair launched a staunch defence of his record running the group’s board, and said at he has “never once” been formally or informally reprimanded about his behaviour in his entire career. “I dispute entirely this characterisation of my conduct,...
Stonepeak, Lim Family Are Said to Weigh Withdrawing Yinson Bid
Yinson Holdings Bhd.’s founding Lim family and Stonepeak Partners are considering withdrawing a plan to take the energy infrastructure company private, according to people familiar with the information.
Shampoo, sacks and more: How is Middle East conflict making your groceries costlier?
Your daily essentials, from shampoo to biscuits, are set to become pricier. A global conflict is driving up raw material costs, forcing companies to hike prices by 3-7% and potentially reduce product sizes. Expect further increases in food, beverage, and personal care items as businesses grapple with soaring input expenses.
CXMT Eyes China's Biggest IPO Since 2022 | The China Show 5/28/2026
Bloomberg: The China Show is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
UBS Asia Wealth Chair: Bank Continues To Hire in Region
Amy Lo, Asia Chair at UBS Global Wealth Management, says the bank is continuing to hire this year across Hong Kong and Asia, as momentum in the region remains strong. She speaks with Stephen Engle from the sidelines of the UBS Asian Investment Conference in Hong Kong. (Source: Bloomberg)
Labour may be forced to slash spending to salvage 'really unhealthy' UK economy from Iran war stagflation shock
Labour may be forced to slash spending to salvage 'really unhealthy' UK economy from Iran war stagflation shockLISTEN: Iran War: The Looming Economic Crisis - Listen to the latest Daily Mail Deep Dive podcastSee more Daily Mail on Google - save us as a Preferred SourceBy JOSEPH LUKE PALMER Published: 07:00, 28 May 2026 | Updated: 07:02, 28 May 2026 e-mail View comments
What people are getting wrong about money in retirement
This is Armchair Economics with Hamish McRae, a subscriber-only newsletter from The i Paper. If you’d like to get this direct to your inbox, every single week, you can sign up here. The Government says we have to save more for our pensions, some of us much more. The Pensions Commission’s latest report, Pensions 2050, out this month, warned particularly about the position of self-employed people if they didn’t set aside more of their income and put it into a pension pot. Only four per cent...
I bought my first home at 53 – and saved £15,000 by doing it up myself
Kavel Rafferty has rented flats across Europe for decades, drifting between Stockholm, Barcelona, Brighton and London, without ever owning a home. Now, aged 54, the Margate artist has finally bought her first property, taking on renovations that cost her £40,000 – but she thinks it’s well worth it. Kavel bought the property with a 16-year mortgage a year ago, meaning she will likely keep working beyond the state pension age of 66, as she’ll have to repay until she’s 69. The collage artist and...
UBS’ MacLeod on Markets, Investor Sentiment
Niall MacLeod, Head of APAC Product at UBS, discusses the outlook for macro markets and investor sentiment. He speaks with Stephen Engle from the sidelines of the UBS Asian Investment Conference in Hong Kong. (Source: Bloomberg)
Want To Launch A Startup? These Sectors Attract Highest Funding In India
VCs are now prioritising startups solving real world problems with scalable and sustainable business models rather than chasing growth alone.
FTSE 100 Live: Stocks to dive, oil jumps as US-Iran strikes crush peace hopes
Good morning and welcome back to the City AM liveblog. The US and Iran are back to exchanging fire in a major blow to hopes of peace in the Middle East. Tehran struck an American airbase overnight in its retaliation for the US striking a military site that it said “posed a threat to US forces and commercial maritime traffic in the Strait of Hormuz”. Iran has insisted that “aggression will not go unanswered” and threatened a “more decisive” response. It comes despite emerging details of...
Mass migration directly fuelling Britain’s youth unemployment crisis, new research finds
Mass migration is directly fuelling the youth unemployment crisis, new research has shown.Migrants have snapped up three times as many jobs as young Britons since 2020, with 27 migrants from outside the EU hired for every British young person.New research from the Centre for Social Justice has found non-EU youth on the UK payroll to have increased by 355 per cent from 2020.Meanwhile, the British youth workforce has grown by less than one per cent since that same time. TRENDING Stories Videos Yo...
UK seaside town given huge £6.2m boost – thousands of tourists expected for event in June
UK seaside town given huge £6.2m boost – thousands of tourists expected for event in JuneIt's hoped the major project will improve footfall in the town ahead of the summer months. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Toby Codd 06:20, Thu, May 28, 2026 The town has been given a boost ahead of the summer months (Image: Getty)A UK seaside town has been given a major boost with the imminent completi...
Greener pasture of a shepherd’s life lures Chinese workers penned in by ‘996’ jobs
When an Inner Mongolia farmer sought two herders to tend his 3,000 sheep, he was swamped with applicants including graduates, factory labourers and white-collar workersA Chinese farm owner’s recruitment drive for shepherds has ended in success after his job advert seeking people to work on his Inner Mongolia ranch went viral, drawing the attention of city dwellers struggling to find work and highlighting growing strains in China’s labour market.Zuo Xiaoyong posted an advert on Chinese social med...
Bare necessities: could a Naked House be the blueprint for affordability?
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BOK's New Governor Delivers Hawkish Hold | The Asia Trade 5/28/2026
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)