Britain’s bargain takeover market
Surge in foreign acquisition values reflects quality of assets, but discount valuations
The stock market winners and losers of 2025
Chips, gold and guns have triumphed while ad companies and private equity struggled
The year of the tariff
American trade policy is geared towards re-industrialisation — and it’s working
Alphabet agrees to buy Intersect Power for $4.75bn
Deal will help Google’s parent company expand access to generation needed to power AI development
US halts offshore wind licences over national security concerns
Shares in Ørsted, the world’s largest offshore wind developer, fell by more than 14% after announcement
The seamy side of Westminster, then and now — the best new books on politics
From revelations about Starmer’s Labour to the story of a Liberal who sold honours. Plus the reminiscences of a Nato chief and the evangelism of Tony Blair
Gold and silver hit record highs on geopolitical tensions
US blockade on Venezuelan oil and bets on Fed rate cuts drive up prices of precious metals
Global Chess League targets international audience
Puzzle: find Black’s amazing winner
Bowie: The Final Act is a sketchy and unfocused affair
Documentary gives inordinate attention to the late singer’s Tin Machine project while neglecting his brilliant swansong
Social media is taking us back to the Salem witch trials
It is none of our business if strangers choose to display their private affairs at a Coldplay concert
Peltz’s Trian and General Catalyst lead $7.4bn takeover of Janus Henderson
Asset manager’s investors will receive $49 a share in 18% premium over initial Trian overture in October
The stories behind 12 of the finest Christmas songs
Larry Ellison gives $40bn personal backing to Warner Bros Discovery bid
Oracle co-founder has agreed to backstop Paramount’s $108bn hostile bid personally
Middle powers face a new age of uncertainty
Rather than unleashing a new multi-polar era, US retreat has left states scrapping for advantage in an ill-defined order
UK to ban boiling lobsters alive as animal welfare standards tightened
Method is still used in some restaurants but campaigners say this ‘torture’ is avoidable
HSBC hires former Citi executive who clashed with Andy Sieg
Ida Liu to join Europe’s largest lender as head of its global private bank
Pink Floyd reunite two sections of ‘Shine On You Crazy Diamond’ for a masterpiece of epic proportions
Continuous version of 1975 song labelled ‘Pts 1 to 9’ appears on 50th anniversary box set of ‘Wish You Were Here’
When We Are Married — JB Priestley’s classic comedy gets an exemplary revival
An exceptional cast brings new life to the 1938 play at the Donmar Warehouse, London
The EU’s old protectionist instinct outweighs its new geopolitical ambition
Stalling of the EU-Mercosur trade deal is another bad sign for European strategic independence
China hits EU dairy industry with levies of up to 42.7%
Move stokes an already strained trading relationship between Brussels and Beijing
When F Scott Fitzgerald’s Christmas wish came true
The Pat Hobby stories about a washed-up writer in Hollywood were written to make money fast — they are also the final flowering of Fitzgerald’s eccentric genius
North Sea operator Harbour buys Gulf of Mexico oil group for $3.2bn
UK company strikes deal as it seeks to expand internationally
James MacMillan’s Christmas Oratorio — a spiritual journey filled with emotion
A highly persuasive performance at Barbican Hall showed the depth and range of the composer’s sacred work
Russian general killed in Moscow car bomb
Authorities say Fanil Sarvarov died in an explosion on Monday