65bn

Investors wiped more than $65bn from Meta’s market capitalisation on Wednesday after the Facebook owner reported another quarter of declining revenues and failed to convince investors that big bets on the metaverse and artificial…

The Bank of England is ready to increase the size of its daily purchases of UK government bonds in order to “ensure there is sufficient capacity for gilt purchases” ahead of the £65bn scheme’s ending on Friday. The BoE intervened in…

The Bank of England has defended last week’s intervention in the UK government debt market, saying it stepped in to prevent a £50bn fire sale of gilts that would have taken Britain to the brink of a financial crisis. The central bank…

The German government is to impose a windfall tax on electricity producers and use the proceeds to finance a new €65bn package of relief measures to soften the blow of soaring inflation and higher energy bills.The new package brings…

Large profits at Ken Griffin’s Citadel and Sir Christopher Hohn’s TCI helped the 20 best-performing hedge fund managers of all time to their biggest gains in more than a decade last year, although returns for the overall industry…