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The assets and loans of collapsed US lender Silicon Valley Bank (SVB) are being bought by rival First Citizens BancShares. Investors welcomed the deal, sending First Citizens shares up more…

The US is introducing further measures to restrict sales of computer chip technology to China in a bid to hobble the country’s military advances. Under new rules, the US said…

Apple’s biggest supplier Foxconn says its revenue last month fell by 11.65% compared to the same period in 2022 due to weaker demand for electronics. However, February revenue was more…

The value of discounts on electricity bills for households that cut peak-time use is to be raised, National Grid ESO has said. Households will be paid £3 per kilowatt hour…

The pound rose and government borrowing costs fell on Monday, as investors welcomed the announcement by Chancellor Jeremy Hunt of the reversal of most of the mini-budget tax measures. Sterling…

Shares in banks around the world slumped on Monday, despite reassurances from the US president that America’s financial system is safe. It comes after authorities had to step in to…