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Why BlackRock is shelling out $12bn for private credit shop HPS

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Airlines see busiest Christmas season on record

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US banking giants capture biggest share of industry profits since 2015

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The world’s leading democracies are struggling to govern

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US launches probe into Chinese semiconductor industry

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What luxury is telling us

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The UK government must make sure it isn’t a confidence killer

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Honda and Nissan set to unveil details of merger talks

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Russia aims to be global leader in nuclear power plant construction

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Irish central banker says uncertainty for rate-setters higher now than in lockdown

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The darker side of Guy Hands’ legacy

When Guy Hands announced he was stepping down as chair of Terra Firma last year,

Donald Trump and Panama trade blows over control of canal

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Spotify executives cash in as streaming service stock price soars

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Syria’s new government ready to run Isis detainee camps, Turkish minister says

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Live news: Panama rejects Trump call for US to take back canal

Panamanian President José Raúl Mulino has hit back after Donald Trump said he would demand

Nick Candy vows to help Reform disrupt British politics ‘like we have never seen’

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Wall Street Brunch: Will Santa Deliver? (undefined:SP500)

Listen below or on the go on Apple Podcasts and Spotify The holiday-shortened week will