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Jes Staley told US House committee he also was at one point named a trustee of convicted sex offender’s estateFormer JPMorgan Chase executive Jes Staley told US lawmakers he repeatedly shared confidential and market-sensitive bank ⁠information with Jeffrey Epstein and ⁠was at one

Saudi Arabia’s PIF have ended financial supportChief executive working on deal but needs players’ buy-inLIV Golf informed the majority of its workforce on Wednesday that they will be laid off in the first week of September.The news ⁠comes three days after the 2026 season conclude

Adam Mosseri is first top executive from Meta to testify in blockbuster lawsuit brought by 29 US statesInstagram’s CEO disputed allegations by US prosecutors that his company hid negative information from the public while testifying during a blockbuster social media trial.“I am n

Exclusive: Companies that kept policies did just as well financially, even after Trump’s executive order, as those that didn’tConservative backlash was supposed to put an end to the diversity, inclusion and equity (DEI) movement as companies were warned “go woke, go broke”.In January 2025, Donald Trump delivered a death knell, ending DEI within the federal government with executive orders and threatening to target companies that still supported it. Companies including Google, Goldman S

Tech billionaire’s $158.3bn deal an outlier in report showing widening gap of CEO to worker pay at top companiesElon Musk received over 2.5m times as much compensation at Tesla as the company’s average worker, according to a new report on the growing gap between top corporate executives and their workers.Musk’s $158.3bn pay deal was an outlier but came as the gap between CEO and worker pay continued to grow. Excluding Musk, last year the average ratio of CEO to worker pay for the top S

Twitch's executives said users can opt out of AI training, which has become a common industry practice.

US president demands compensation for damage incurred by US, complicating standoff with TehranNvidia ⁠has partnered with six major Wall Street financial institutions to raise ⁠more than $500bn (£370bn) capital for artificial intelligence infrastructure.The Nvidia chief executive, Jensen Huang, said on X that the company has ⁠the option to backstop up to $125bn, or 25% of the potential deals. Continue reading...

Apollo, BlackRock, Goldman Sachs and KKR among those working with chipmaker to fund infrastructureNvidia ⁠has partnered with six major Wall Street financial institutions to raise ⁠more than $500bn (£370bn) capital for artificial intelligence infrastructure.The Nvidia chief executive, Jensen Huang, said on X that the company has ⁠the option to backstop up to $125bn, or 25% of the potential deals. Continue reading...

Two senior engineers are leaving company to launch startup amid fears Google is falling behind in AI raceSir Demis Hassabis is stepping down as chief executive of Google DeepMind, in a leadership overhaul of the UK-based AI research lab.Hassabis, a Nobel prize recipient, is leavi

The chief executive of Paramount-Skydance says criticism of $110bn (£82m) merger with Warner Bros. relies on outdated Hollywood model.

CEO’s pay packet surges to £791,000 as union says public ‘sick of obscene pay’ and bosses ‘feathering own nests’Wessex Water awarded its chief executive an above-inflation pay increase even as the company was banned from paying bonuses because of sewage spills, it has emerged.Ruth Jefferson received a 14% base salary increase in October, from £590,000 to £670,000, before other benefits, according to accounts published this month. It was far above the 3.5% given to workers, and put her

Oliver Blume tells staff restructuring proposal includes ‘controversial decisions’ but he has broad supportBusiness live – latest updatesThe chief executive of Volkswagen has confirmed plans to cut 50,000 more jobs despite the carmaker’s supervisory board rejecting his plan to shut four factories in Germany.Oliver Blume told staff on Monday that proposals for a sprawling restructuring was “the most comprehensive realignment in the company’s history” and revolved around “12 initiatives,