Stock markets have retreated again over worries of further US interest rate rises after the Federal Reserve defied Donald Trump to increase rates for the fourth time this year.

The EU has confirmed it is “actively investigating” a potential breach of its diplomatic communications network, following reports that secret cables had been stolen by hackers.

The Bank of England has welcomed a “crucial and positive” move by the EU to help keep a key part of the financial system functioning in the event of a “no-deal” Brexit.

A handful of banks will be forced to write multimillion pound cheques to buy shares in the construction giant Kier Group after some of its biggest investors snubbed the chance to take part in a £250m fundraising.

GlaxoSmithKline (GSK) is to merge its consumer healthcare unit with that of rival Pfizer, to create a new market leader with almost £10bn in annual sales.

 

Santander has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) says.

Leadership

Saluting the visionary leadership that played a vital role in inspiring a culture of innovation, creativity, teamwork, dedication and commitment – in order to build great things and bring about remarkable transformations.

The Global Business Outlook Leadership Award aims to recognise those selected, gifted minds that are destined to go to a level of recognition and achievement that is beyond their peers and contemporaries—and play a vital part in the marshalling a diverse group of talent, and leading them on to build and achieve great things, while also continuing to inspire them towards innovation and adaptability, and build a great, humane, empathic culture.

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