Business

Artificial intelligence could cause a worldwide economic downturn, the governor of the Bank of England has warned.

A Norwegian steel group which has been pursuing a bid for Britain’s third-biggest producer of the metal for most of this year has lined up new backing to get its “oven-ready” offer over the line.

Allianz, the German insurance behemoth, is considering a £5bn takeover swoop for the AA, the breakdown recovery group which ranks among Britain’s biggest membership organisations.

The US central bank "will have work to do" unless inflationary pressures recede, according to its Trump-appointed chair who was under pressure to signal if interest rates would rise in response.

More than 100 companies have written an open letter calling for collective action to strengthen cyber defences amid a rise in AI-enabled cyber attacks.

A medicinal cannabis producer which distributes products in the UK and two other countries has appointed City advisers to find new owners.

A joint venture part-owned by Nestle, the global food and consumer goods giant, is closing in on a deal to buy Crosta Mollica, the premium pizza brand.

Donald Trump has said he will rename Lake Ontario as ⁠Lake America in the US following the escalating trade war with Canada.

Colman's, the quintessentially English mustard brand founded more than 200 years ago, is being put up for sale following owner Unilever's landmark decision to offload its food operations for $15.7bn (£11.6bn).

The veteran who has run Atom Bank, Britain's first digital-only lender, is to step down just two months after an auction of the business failed to attract offers at an adequate level.