Labour governments were once famed for doing deals over beer and sandwiches in Downing Street. But under Keir Starmer, a charm offensive to win the backing of the world’s most powerful bosses required a bit more.After a rain-soaked day of meetings and speeches at the 15th-century Guildhall in the heart of the City of London, the hundreds of bosses from global firms including Goldman Sachs, BlackRock and HSBC were whisked by private coach, escorted by ceremonial military guard, to St Paul’s Cathedral.The order of the evening: an exclusive reception with King Charles, entertainment from Elton John, and dining by the…
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A couple of years ago, semiconductor specialist Nvidia attempted to acquire a little-known company called Arm Holdings (NASDAQ: ARM).Unfortunately for Nvidia, the company abandoned the deal as long-winded court cases revolving around antitrust concerns seemed to have no end in sight. Following the failed acquisition, Arm pursued an initial public offering (IPO) — hitting the Nasdaq last September.Since going public, Arm stock has surged 138% on the backdrop of the artificial intelligence (AI) movement. But even after such a meteoric rise, I see much better days ahead for Arm. In fact, I think Arm stock will handily outperform Nvidia over…
By Anton Bridge TOKYO (Reuters) – Shareholders of Japan’s largest companies are increasingly voting against management resolutions, data showed on Tuesday, spurred on by guidance on effective corporate governance and capital allocation set out by Japanese regulators. Shareholder resistance is now routinely a feature of Japan’s annual general meeting (AGM) season, proxy solicitor Georgeson said in an annual review of the meetings. The proportion of contested resolutions — those receiving 10% or more “against” shareholder votes — rose to 13.1% of all resolutions put to shareholders at AGMs held by companies in the year to 30 June 2024. The result…
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty ImagesDow Jones Industrial Average futures are near flat Monday night after the blue-chip index closed at a record.Futures tied to the 30-stock average added 42 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures also both traded near their flatlines.Those moves come after a winning day on Wall Street that propelled the S&P 500 and Dow to new intraday highs and record closes. Notably, the Dow added more than 200 points to finish above the 43,000 mark…
(Reuters) – Ukrainian President Volodymyr Zelenskiy’s chief of staff called on Monday for a new international security system to preclude future instances of armed aggression, as he addressed an online conference on securing peace following Russia’s invasion. Andriy Yermak said 66 countries and international organisations had taken part in the conference, devoted to one point of the president’s peace plan on ending the more than 2 1/2-year-old war with Russia. The discussions focused on future instances of escalation and aggression. Zelenskiy planned to present to parliament this week a “victory plan” – a follow-up to the peace plan he drew…
Investor summits follow a standard recipe. First come the speeches. The 200-odd executives who made it to an international investment summit in London on October 14th heard from Sir Keir Starmer, the prime minister, that after almost a decade of political turmoil in Britain, stability has returned. Labour’s landslide majority on July 4th means that the government’s decisions can be “measured in years, not months”, Sir Keir told The Economist in an interview. Then comes the glitz. Delegates were whisked to St Paul’s Cathedral, to be greeted by Charles III and serenaded by Sir Elton John, a musician. Source link
Lexus has refreshed its IS sports sedan for the 2025 model year, introducing a new limited edition and subtle updates across the lineup. The limited edition, based on the IS 500 F Sport Premium, features a striking Flare Yellow paint job, 19-inch BBS alloys, a black NuLuxe interior with suede inserts and yellow stitching, and a host of other luxury touches. Production is limited to just 180 units. Other updates for the 2025 IS include a dark chrome finish for the window trim on the 300 F Sport and 350 F Sport models. These models also benefit from power folding…
By Susan Heavey, Costas Pitas (Reuters) -Republican former President Donald Trump will face Vice President Kamala Harris in the Nov. 5 U.S. presidential election after Democratic President Joe Biden ended his reelection bid. Several third-party hopefuls are also running. Here are the candidates. DEMOCRATIC PARTY KAMALA HARRIS Harris, 59, won the Democratic Party’s nomination after Biden ended his reelection bid, allowing Democrats to present a renewed American vision in contrast to Trump’s agenda as they seek to revive their coalition of young voters, people of color and suburban women. A former U.S. senator, California attorney general and San Francisco prosecutor,…
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Nvidia’s (NVDA) record close on Monday comes as AI hardware stocks continue a recent tear fueled by investor enthusiasm over surging artificial intelligence demand.Nvidia shares are up 8% from last week, pushing the chipmaker closer to unseating Apple (AAPL) as Wall Street’s most valuable company. The stock’s rally follows recent comments from CEO Jensen Huang and the chipmaker’s partners touting an intense need for its AI chips.Other AI chip and hardware stocks Arm (ARM), Qualcomm (QCOM), Broadcom (AVGO), Super Micro Computer (SMCI), Astera Labs (ALAB) and Micron (MU) have risen, too, as the companies have given separate indications of strong…