Business

Baillie Gifford faces £12m ‘cat bond’ payout after hurricane

Fund manager is among investors expected to pay up to $150m in disaster relief funds to Jamaica

Canada leads effort to loosen China’s grip on rare earths

Canada joins Japan, Australia and the US in boosting supply but the industry will take time to develop

AI still can’t beat Wikipedia when it comes to integrity

Growing mistrust of the accuracy of AI means that many are questioning the technology’s usefulness

Bartlett’s Disney dream will test reach of creator economy

Venture capitalists are striking more deals with influencers, but do they have the right business models to rival Hollywood

Climate action is the best way to ensure long-term growth

Although we may have underestimated the risks of the climate crisis, we have also been too pessimistic about the opportunities created by new, green technology

What could possibly burst Nvidia’s $5tn bubble?

Now more valuable than the German economy, the chipmaker has invested in AI ventures with unclear returns

Fake companies cost HMRC £700m in tax-dodging tactics

Dozens of top online vendors have registered fake VAT numbers or none at all

Economists don’t have crystal balls. More like snow globes – and they’re all shook up

Smaller economies are at Trump’s mercy. Let’s hope the world reverts to sense over erratic populism

Why a fall in productivity could be the straw that breaks the economy’s back

The beleaguered chancellor will have a fresh headache now that the OBR forecast has piled £17.5bn atop a ballooning deficit

Klarna member benefits give credit cards a run for their money

The online shopping network has launched a membership plan with enticements such as fertility tracking

JP Morgan’s monument to the end of remote working

The bank’s New York HQ builds on a long history of benevolent tycoons providing their employees everything they need to stay put

High visa prices could deter top scientists from moving to UK

A report finds the upfront cost of main British work visas is 22 times higher than the average in 17 other countries

Donald Trump eyes the US conquest of Davos

The president plans to make the global gathering in January a celebration of American history

Fhaheen Khan: Britain needs to increase its domestic capacity investment

In the first of a series, we talk to an economist at the manufacturing trade body about the future

‘It’s time for a new era of scale-up investment to power British growth’

The UK has the talent and tech hubs to become an AI superpower but we lack scale-up capital and an investment culture

The chancellor has finally got the Brexit message, but only part of it

Reeves has shared the dramatic news that the damage of Brexit imposes a serious constraint on her budgetary freedom

‘Clean food’ brands stall but are in for the long haul

Even major brands in the plant-based food industry are finding that sustainability is not such an easy sell

Museums are in the pink while corporate sponsors remain shy

By embracing private philanthropy, the sector has received record sums, however businesses are feeling burnt by protests