The Bank of England has cut its main interest rate by a quarter of a percentage point, citing lower UK inflation. The move, which had been widely expected, brings the main cost of borrowing in Britain to 4.25%. It is…

Actress Brenda Song is front and center in DoorDash’s playful and heartfelt new Mother’s Day campaign, which transforms the delivery platform into “DoorDad” for the holiday weekend. The campaign aims to give hardworking moms a genuine break, offering exclusive deals…

SYDNEY — Macquarie Group Ltd. is hitting pause on major divestments from its renewable energy portfolio as global market volatility continues to cloud valuations and temper investor appetite. The Australian financial giant, one of the world’s largest infrastructure investors, signaled…

NEW YORK — A new player has entered the alternative investment scene. Renown Capital Partners, a freshly launched private equity firm spun out of hedge fund heavyweight Moore Capital Management, is aiming to raise $500 million for its debut fund,…

TaskUs, Inc. (NASDAQ: TASK), a global provider of outsourced digital services and customer experience support, announced Monday that it will be taken private in an all-cash transaction led by its co-founders and an affiliate of private equity giant Blackstone. The…

NEW YORK — Discount retail chain Gabe’s, a popular off-price department store operating over 160 locations across the Mid-Atlantic and Southeast, is in advanced negotiations to hand over control of the company to its lenders, according to people familiar with…

In a breach that’s sending shockwaves through legal, religious, and victim advocacy circles, a massive cyberattack has exposed confidential records related to decades of Catholic Church sex-abuse cases, including sealed court documents, internal communications, and victim settlements. The breach, confirmed…

Babcock & Wilcox Enterprises Inc. (NYSE: BW), a 158-year-old energy technology firm, is actively working with investment bank Evercore and law firm O’Melveny & Myers to address its substantial debt obligations, which total nearly $500 million. This strategic move comes as…

Today, I’m talking with Paul Bascobert, who is the president of Reuters, the news and information service you have undoubtedly heard of. This is part of a special Thursday series we’re running this month to explore how leaders at some…

The non-profit Wikimedia Foundation is challenging the United Kingdom’s online safety rules in court over concerns they may enable “vandalism, disinformation, or abuse” to go unchecked on its Wikipedia platform. Wikimedia announced on Thursday that its legal challenge specifically targets the Online…

Stacey Wales had a daunting task ahead of her: preparing a victim impact statement for the sentencing of the man who had fatally shot her brotherin a road-rage incident in 2021. She wondered how to convey the weight of her…

President Donald Trump moved late Thursday to fire the three Democratic commissioners on the five-person Consumer Product Safety Commission, his administration’s latest test to the limits of presidential power over independent agencies. The move comes as the Supreme Court is expected to weigh…

A state jury found three former Memphis police officers not guilty of second-degree murder in the 2023 beating death of Tyre Nichols that helped galvanize a movement to reform police conduct. The jurors deliberated for more than eight hours after…

As Russian tanks, missiles and drones rumbled through Red Square Friday for the annual Victory Day parade celebrating the surrender of Nazi Germany in World War II, President Vladimir Putin was joined by at least two dozen world leaders, marking…

The Justice Department has opened a criminal investigation into real estate transactions involving New York Attorney General Letitia James, according to a person familiar with the case — the first known criminal probe of a law enforcement official who took…

President Donald Trump on Thursday said he is appointing Jeanine Pirro — a Fox News host whose misstatements about the 2020 election were cited in two defamation lawsuits against the network — as the interim U.S. attorney for the District…

Krispy Kreme’s partnership with McDonald’s to sell its doughnuts at all of the burger chain’s US restaurants didn’t turn out as sweet as it thought. The doughnut chain announced in its earnings release Thursday that it is “reassessing the deployment”…

Republicans are backing away from broad proposals to slash federal funding to Medicaid and inching toward a more modest approach, fearful of the political risk of cutting a program that has swelled to the point thatit now insures 1 in…

Microsoft co-founder Bill Gates will dramatically speed up his plans togive away most of his wealth, saying he will reduce his estimated $108 billion net worth by 99 percent over 20 years and prepare his eponymous foundation to stop operating…

Cardinal Robert Francis Prevost, a native of Chicago who is now the first American-born pope, has spent most of his career outside of the United States, ministering to the dispossessed and marginalized. The “Latin Yankee,” as he is known in…

President Donald Trump on Thursday announced a new trade pact with the United Kingdom that he touted as likely just the first of many agreements with countries around the world, as the administration races to mitigate the damage from its…

ISLAMABAD, Pakistan — India and Pakistan accused each other Thursday of further hostile operations, including drone attacks, one day after the nuclear-armed neighbors faced off in their worst military escalation in years. Early Wednesday, New Delhi launched its deepest and deadliest…

Eligible Apple customers can now apply for their share of a $95 million Siri snooping payout. A website has been set up to distribute the funds, allowing Apple device owners in the US who experienced an unintended Siri activation during private conversations…

More than 20 times during a roughly 45-minute news conference on Wednesday, Jerome H. Powell, the chair of the Federal Reserve, referenced the idea of waiting to see how President Trump’s policies would ripple through the economy before taking any…

Beneath the grand chandeliers of the International Ballroom at the Beverly Hilton Hotel, at rooftop bars and at private parties at billionaires’ mansions, there was a mix of emotions among the financial titans gathered in Los Angeles this week. Many…