UK stock funds lost a record $10 billion last year, new research shows
U.K.-focused equity funds saw $10 billion in outflows through the year, much higher than other major markets.
Richard Branson left school at 15—his headmaster said he’d either ‘go to prison’ or ‘become a millionaire’
Richard Branson left school at 15 after he raised enough money to start a magazine. His then-headmaster told him that persuasiveness could lead to his success or downfall.
Euro zone inflation rate slides to 9.2% as energy price surge cools
Headline inflation came in at 9.2% year on year in December, according to preliminary data. It follows November’s headline inflation rate of 10.1%.
Saudi Arabia’s cash splurge on soccer could cause ripple effects across the sports world
Soccer superstar Cristiano Ronaldo’s move to Saudi club Al-Nassr, and the Kingdom’s growing investments in the sport, could have ripple effects across Europe and the U.S.
Tesla suppliers’ shares jump as electric automaker cuts prices for some models in China
Tesla slashed prices of some models in China for a second time in 3 months, and shares of Chinese suppliers closed higher on hopes of improved demand.
Shell to take $2 billion fourth-quarter tax hit after new EU, UK levies
Oil and gas major Shell said Friday it expects to take a hit of $2 billion for the fourth quarter from “recently announced additional taxes” in the EU and U.K.
Mexico nabs son of drug lord ‘El Chapo’ before Biden visit
Ovidio was briefly detained in the northern state of Sinaloa in October 2019 by security forces, but then quickly released to avoid violent retribution from his drug gang.
Tesla slashes Model 3, Model Y prices in China for second time in 3 months
The move comes after industry association data showed December deliveries of Tesla’s China-made cars fell to 55,796.
Energy will be the big winner of 2023, investor says — and names the stocks to cash in
Veteran investor Louis Navellier explains why he’s “very bullish” on energy stocks.
Andretti joins forces with General Motors for Cadillac Formula 1 entry bid
The new team would require F1 and FIA agreement and would not be possible until 2026, Sky Sports reports.
