Uber investor Shervin Pishevar claims Benchmark wants to remove Arianna Huffington from the board

Early Uber investor Shervin Pishevar sent Benchmark Capital another letter asking the firm to step away from the company’s board of directors. In the letter, which Recode obtained, Pishevar claims that Benchmark is working with another major investor —...

Exclusive: China’s Belt and Road acquisitions surge despite outbound capital crackdown

HONG KONG (Reuters) – Mergers and acquisitions by Chinese companies in countries that are part of the Belt and Road initiative are soaring, even as Beijing cracks down on China’s acquisitive conglomerates to restrict capital outflows. Chinese acquisitions...

Plans to unwind banking regulation ‘very, very dangerous’, says Fed’s Fischer

Leading Federal Reserve policymaker Stanley Fischer has hit out at plans to unwind banking regulation, brandishing it a “terrible mistake.” In an interview with the Financial Times, Fischer said that efforts by the U.S. administration to strip back the...

UK wages and jobs data set to show cost of living squeeze continuing – business live

2.36am EDT02:36 Agenda: UK jobs and wages data in focus Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Continuing evidence of Britain’s cost of living squeeze is expected today with the...