A look back at the U.K. in 2025

A look back at the U.K. in 2025

This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch It is tempting, in assessing what 2025 brought for the U.K. economy and for Britain’s corporates and financial markets, to focus more on what didn’t happen than on what did. Most obviously, widely expected interest rate…

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Hong Kong court finds pro-democracy activist Jimmy Lai guilty of sedition and collusion with foreign forces

Hong Kong court finds pro-democracy activist Jimmy Lai guilty of sedition and collusion with foreign forces

Jimmy Lai, founder of Next Digital Ltd., exits a Correctional Services Department vehicle as he arrives at the Court of Final Appeal for the verdict of his bail hearing in Hong Kong, China, on Tuesday, Feb. 9, 2021. Prosecutors in Hong Kong charged Lai, a prominent critic of Beijing and local authorities, last year under…

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With private credit concerns brewing, ratings agencies turn negative on these little-known companies

With private credit concerns brewing, ratings agencies turn negative on these little-known companies

Concerns over the health of the private credit sector are leading ratings agencies to take a look at a somewhat obscure part of capital markets: business development companies. Troubles in the legacy software sector due to the ascent of AI, along with pressure from a higher-for-longer interest rate outlook, are causing writedowns of loans, and…

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