Covid gave my diagnostics machines a new lease of life

Covid gave my diagnostics machines a new lease of life

The move from corporate America to cash-strapped academia in Britain was quite a shock for Helen Lee, who’d had an annual budget of “around $20 million” and access to state-of-the art-research facilities at Abbott Laboratories, the US pharmaceutical giant where she ran a division. Checking into her new laboratory at Cambridge University in 1995, where…

How Rachel Reeves could make the banks pay more tax

How Rachel Reeves could make the banks pay more tax

It’s been the golden rule for finance ministers since Jean-Baptiste Colbert, Louis XIV’s energetic chief tax collector, coined it more than 300 years ago. Pluck the goose in a way that maximises the feathers while minimising the hissing, he advised. No wonder, then, that speculation has emerged suggesting that Rachel Reeves might target banks as…

Ashmore boss sees US rate cuts boosting investor sentiment

Ashmore boss sees US rate cuts boosting investor sentiment

The boss of Ashmore Group is hoping that interest rate cuts in the United States will boost investors’ sentiment and staunch years of client withdrawals from the emerging markets-focused fund manager. Its assets under management have shrunk from a peak of almost $100 billion in 2019 to $49.3 billion, driven by outflows as customers have…

Banks meet ministers over lending rules and high street hubs

Banks meet ministers over lending rules and high street hubs

Britain’s banks are bracing for long-awaited new lending rules from City regulators this week, as well as talks with ministers about improving access to high street services. On Thursday, the Bank of England’s Prudential Regulation Authority will release its near-final decision on the UK’s approach to implementing tougher global capital standards for lenders, which are…