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...which owns stakes in Selfridges and the Chrysler building, the group has fractured after its collapse with creditors and shareholders vying over collateral and liabilities across a network of more than 1,000...
...That far outpaces the eurozone and UK, which have seen growth of around 1 per cent over the same period....
...It estimates GDP will grow by 3.1 per cent globally this year, up from a previous forecast for expansion of 2.9 per cent growth. Growth is projected at 1.7 per cent among the OECD member countries....
...Sam Lowe is a partner at Flint Global, where he advises clients on UK and EU trade policy....
...The 1.5mn households who need to remortgage this year will see their payments rise by £1,800 annually on average, according to the Resolution Foundation think-tank....
...Gross domestic product will increase by 0.4 per cent in 2024, a softer expansion than in any other G7 economy apart from Germany, before growing by 1 per cent in 2025, the OECD said in its economic outlook...
...Palestinian health officials say more than 34,000 people have died in Gaza since the Israeli offensive began, while the UN says 1.7mn have been displaced from their homes....
...Elon Musk has filed a lawsuit against OpenAI and its chief executive Sam Altman, alleging the ChatGPT maker’s multibillion-dollar alliance with Microsoft has compromised the start-up’s original mission of...
...The Office for Budget Responsibility forecast in March that the UK would expand 0.8 per cent this year and by 1.9 per cent in 2025, exceeding the IMF’s new 1.5 per cent prediction....
...UK growth will pick up to 1.5 per cent in 2025, according to the IMF, but that is also 0.1 percentage point weaker than the fund’s January outlook....
...A fund analysis found a 1 percentage point spike in US rates led to a 90 basis point rise in other advanced economies and an increase in emerging markets of 1 percentage point....
...Bertelsmann revenues topped €20bn for the second year running and were boosted by a number of divestments, leading to a profit of €1.3bn, the German company reported on Tuesday....
...The Swiss franc fell 1.2 per cent against the US dollar after the move. Swiss inflation fell to its lowest level in two and a half years in February, at 1.2 per cent....
...But high leverage, complex cross-shareholdings between a network of more than 1,000 corporate entities and the regular shifting of cash balances around the group mean more than 70 per cent of Signa’s debt...
...Official figures last week showed that while headline inflation retreated somewhat in March, annual growth in the price of services slowed less than expected, from 6.1 per cent to 6 per cent....
...The Swiss franc fell 1.2 per cent against the US dollar after the SNB’s decision....
...Signa Development’s administrator said the company had received €2.3bn of claims, of which €1.5bn were recognised. A return of 30 per cent is also predicted for those creditors....
...After Thursday’s announcement, sterling fell against the dollar to trade down 0.9 per cent on the day at $1.267....
...[FORMULA 1: DRIVE TO SURVIVE AUDIO CLIP] Sam AginiWhat this did was it kind of highlighted the personalities in the sport....
...“Sam was not a ruthless financial serial killer,” Mukasey said. “Sam never scurried away with billions of dollars in a Swiss bank account.”...
...When Sam Bankman-Fried is sentenced on Thursday, the US judge deciding his fate will weigh a range of factors, from the nature of his offences and history to how much his actions cost the investors and customers...
...These are expected to show firmer growth than in the previous update to the IMF World Economic Outlook in January, which suggested growth in global gross domestic product would stay at 3.1 per cent in 2024...
...At the beginning of the year, when US inflation appeared on a firmer downward path, they expected cuts of 1.63 points....
...report, the World Trade Organization has forecast that the volume of world merchandise trade will increase 2.6 per cent in 2024 and 3.3 per cent in 2025 after high energy prices and inflation led to a 1.2...
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