“In a West End town, a dead end world,” sang the Pet Shop Boys in the mid-1980s. Fast forward 35 years and the electronic-pop duo would be just about right. Covid restrictions and a lack of global tourism have turned the West End, London’s premier shopping and dining district, into a shadow of its former self. Sales from retail, hospitality ...

There’s a good reason that breaking up tech giants is the nuclear option: It’s a deterrent. If everything works as planned, you should never have to do it. European Union antitrust chief Margrethe Vestager and internal market commissioner Thierry Breton announced a range of new tools to tackle the excesses of the West Coast’s finest, including the ability to dismantle ...

The European Central Bank (ECB) is due to update its guidance for next year on how banks handle their capital buffers. There has been an effective ban on dividends and stock buybacks since July and extreme moderation urged on banker pay. While the ECB review might lift the cap on shareholder payouts partially, banker compensation is trickier. A slew of ...