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Big US banks set for $31bn quarterly profit as Wall Street business booms

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Bill Ackman says he wants to build a ‘modern-day Berkshire Hathaway’

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Shares in weight-loss drugmaker Eli Lilly tumble on disappointing sales

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Estée Lauder names Stéphane de La Faverie as new chief executive

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Volkswagen profit drops 64% as China sales slump

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UBS reports better than expected profits

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Australia to invest $12bn on missile manufacturing in face of China’s rise

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Investors’ ‘fear of missing out’ drives gold demand to record high

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Standard Chartered to double investment in wealth management as profits rise

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Giant African rats join crackdown against illegal wildlife trade

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Google and peers weigh an AI prisoner’s dilemma

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US and Taiwan set for talks to end double taxation for companies

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Samsung’s smartphone crown slips with company in crisis

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Kamala Harris denounces ‘unstable’ Donald Trump at site of his January 6 speech

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Reddit shares soar 25% as it turns its first profit

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UK borrowing costs hit post-election high on eve of Reeves’ first Budget

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Ukraine and Russia in talks about halting strikes on energy plants

Ukraine and Russia are in preliminary discussions about halting strikes on each other’s energy infrastructure,