Boss

Radio company ARN’s defence alleges the shock jock denigrated executives, censors, critics and the audience of the Kyle and Jackie O ShowFollow our Australia news live blog for latest updatesSign up for Guardian Australia’s free weekly media newsletter hereKyle Sandilands repeatedly berated Kiis FM executives, the radio station’s censors, critics of the Kyle and Jackie O Show and the Melbourne audience in expletive-laden rants, according to federal court documents.The details of the alleged tirades, which aired months before the shock jock was sacked and accused of “serious misconduct” by ARN, are contained in the company’s defence of an $85m claim filed by Sandilands. Continue reading...

HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict The bosses of Britain’s “big five” retail banks have been summoned to a meeting with the chancellor, Rachel Reeves, this week to discuss how to limit the economic impact of the crisis in the Middle East triggered by the US and Israel’s attacks on Iran.The chief executives of HSBC, Barclays, Lloyds, NatWest and Santander have been asked to attend an emergency summit that comes amid increasing acceptance that a major economic hit from the Iran war is unavoidable. Continue reading...

Finance chiefs to join exercise in Washington designed to assess how they would handle collapse of significant bankThe bosses of the central banks and treasuries of the UK, US and EU are to take part in a war game in Washington on Saturday to test how they would handle the collapse of a globally significant bank.Amid growing unease over the risks to global financial stability, the most senior officials from the US Federal Reserve, the European Central Bank and the Bank of England – including its governor, Andrew Bailey – are expected to take part. Continue reading...

Hui Ka Yan expresses remorse in trial proceedings after collapse of world’s most indebted property developerBusiness live – latest updatesA former steelworker who rose to become one of China’s richest people has pleaded guilty to charges including fundraising fraud after the collapse of Evergrande, the world’s most indebted property developer.The property group’s founder, Hui Ka Yan, “pleaded guilty and expressed remorse” in trial proceedings at a court in China’s southern city of Shenzhen against him and Evergrande, the court said in a posting on its official WeChat account. He also pleaded guilty to misuse of funds and illegally taking public deposits. Continue reading...

Labor is under pressure to impose a new 25% export tax amid soaring prices from the global fuel shockGet our breaking news email, free app or daily news podcastThe bosses of resources giants including Santos, Woodside, Chevron and Shell could be compelled to face an inquiry into export tax settings, as the Greens ramp up pressure on Labor ahead of the budget.The chief executives of the companies, along with the bosses of gas exporters Inpex and ConocoPhillips, have been requested to give evidence to a Greens-led inquiry sitting in Canberra and Perth later this month. Under Senate rules, they could be compelled to attend if they choose not to give evidence voluntarily. Continue reading...

• Original E Street Band drummer Vini Lopez, 77, publicly pushed back against Bruce Springsteen's political attacks on President Donald Trump during his ongoing Land of Hope and Dreams Tour. • In a California Post interview, Lopez urged Springsteen to 'gotta respect' Trump and argued politics should stay out of live music performances. • The comments highlight tensions within Springsteen's circle amid the singer's vocal criticisms on stage.

Reports say Fed chair Jerome Powell among attenders at meeting in Washington The US Treasury secretary, Scott Bessent, summoned major American bank chiefs to a meeting in Washington this week amid concerns over the cyber risks posed by Anthropic’s latest AI model, according to reports.Bosses including the Federal Reserve chair, Jerome Powell, were said to have gathered at the Treasury headquarters for the meeting after the release of the Claude Mythos AI model that Anthropic says poses unprecedented cybersecurity risks. Continue reading...