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When a Central Bank Becomes a Tech Whale
How Switzerland’s SNB quietly amassed a $167bn US stock portfolio—with $42bn in Big Tech alone ZURICH —The Swiss National Bank (SNB) has long been known as the steward of a famously strong currency and a famously cautious economic culture. But…
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China’s Goertek Tightens Its Hold on Meta’s AI Glasses—Despite Zuckerberg’s Hawkish Turn
As Meta races to ship ‘Hypernova’ and new Ray‑Ban models, a Chinese contract giant quietly consolidates control over the critical optics and assembly pipeline. When Meta takes the stage at Connect this month, the spotlight will fall on new AI‑powered…
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Exclusive: Banks Push UK Universities Into Turnaround Mode
Lenders from Barclays to Lloyds are rewriting covenants, taking security over campuses and demanding recovery plans as the sector wrestles with a funding shortfall. Britain’s universities are being pushed into turnaround mode by their bankers, with lenders demanding updated business…
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‘Co‑ordinated from the outside?’ UK official’s remark inflames stand‑off with Big Pharma
As nearly £2bn of investment is paused or scrapped, ministers face claims of a pressure campaign—and a choice over what the NHS should pay for new medicines London – A senior UK government official has questioned whether pharmaceutical companies are…
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Hedged Bets on Wall Street Overtake Unhedged for the First Time in Four Years
Foreign buyers pile into U.S. stocks and bonds—minus the dollar risk—as Trump‑era policy turbulence and a sliding greenback reshape global flows For the first time since 2021, foreign investors are buying U.S. stocks and bonds with currency hedges more than…
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Private Credit’s Secret Sauce: How Apollo’s Insurer Fuels Lending Without Tapping Policyholders
Inside the rapid rise of funding agreement‑backed notes and other wholesale liabilities powering Apollo’s private credit machine — and the risks building behind it If you want to understand why private credit keeps swelling even as banks pull back, follow…
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Exclusive: Trump’s SEC Chief Promises ‘Notice Before Knock’ as Agency Dials Back Biden-Era Crackdowns
Paul Atkins pivots Wall Street’s top cop toward predictability and due process — with crypto rules and technical violations at the center of the reset Paul Atkins, the new chair of the U.S. Securities and Exchange Commission, is pledging to…
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‘Desperate’ Supply Crunch: China’s Germanium Squeeze Sends Prices to 14‑Year High
Export bans and permit bottlenecks throttle a metal vital to Western defence optics, triggering panic buying and a scramble for non‑Chinese supply The price of germanium—a silvery metalloid used to make the thermal-imaging and night‑vision optics that give modern militaries…
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City Clash: Crypto Industry Urges Bank of England to Drop Stablecoin Holding Caps
BoE plan to limit holdings in “systemic” stablecoins triggers warnings over competitiveness, enforcement and financial stability LONDON — Cryptocurrency and payments groups are pressing the Bank of England to abandon plans to cap how many stablecoins people and companies can…
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Across Via Borgonuovo: Who Is Michele Morselli, the Manager Armani Rewarded with €50 Million+
From No. 21 to No. 18 in Milan, a street-length thread links Giorgio Armani’s private world to the discreet fixer who helped run it. Milan – In the week since Giorgio Armani’s death on September 4 at age 91, a…
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