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City veteran will stay as chair of regulated entity as utility faces financial pressures

The state’s untamed natural treasures have brought an influx of wealthy newcomers — and developer prospectors

World’s oldest bank in move that would shake up Italy’s banking sector

Lender boosts annual profits over €2bn in new record following series of positive court outcomes

Fintech could finalise deal in next two weeks to raise as much as £350mn

US rating agency employees in Beijing and Shanghai believe concern over possible backlash prompted unusual move

Agency’s warning of weakening public finances underlines challenges facing new prime minister François Bayrou

Rating agency says move reflects drastic rise in Treasury yields and ‘political divisions’

Higher borrowing costs raise concerns over debt payments in healthcare and business services