Europe risks starting winter with gas stocks at 15-year low

Storage facilities in the EU are not being refilled fast enough ahead of colder months

Comcast to spin off NBCUniversal and Sky

US group outlines plan to spin off broadcast and studio businesses as media industry battles to retain audiences

Volkswagen's brutal jobs cull sparks prospect of sale of crown jewels

Manufacturer squeezed €10bn valuation from cloak-and-dagger Everllence auction but may need more to fund restructuring

Germany’s Important Pension Reform Plan

An ambitious move that could have positive Europe-wide implications

British American Tobacco slashes 9,000 jobs

Maker of Dunhill cigarettes says cuts and outsourcing will affect about one in five jobs

The new AI-based world order

A single factor is now dictating the hierarchy of global returns

In the AI age, clients are now asking consulting firms to have 'skin in the game'

Consulting giants like BCG and Accenture are shifting from fixed rates to outcome-based fees as clients push them to share the risk of AI integration.

The BIS warns an AI bust could hit credit markets as hard as the 2008 financial crisis

The BIS warned that an AI investment bust could be as disruptive to credit as 2008, flagging circular financing and poorly disclosed risk in its annual report.

Ukraine’s vibe shift is bad news for Russia’s economy

As Kyiv’s battlefield fortunes change, policies long favoured by the west could now do real damage to Moscow

Bond giant Pimco flexes muscles with private placements push

Firm tries to capitalise on some borrowers’ need to raise cash as boundaries with public markets blur

Mines will hold back Strait of Hormuz shipping for months, CEO warns

NYK’s Takaya Soga says safe routes are ‘extremely limited’, restricting traffic to half prewar levels

AI ‘exuberance’ risks ending in lengthy investment bust, BIS warns

Weak returns could trigger a sharp pullback in funding for tech companies that threatens the global economy