Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spanish bank BBVA has offered a 30 per cent price premium to TSB-owner Banco Sabadell in a takeover bid that values its local rival at more than €12bn. Disclosing the details on Wednesday of an
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US secretary of state Antony Blinken has told Israel and Hamas that “the time is now” for a deal that would free the remaining hostages held in Gaza and halt more than six months of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Yemen’s Iranian-backed Houthis are threatening merchant ships hundreds of miles out in the Indian Ocean after striking a container vessel well beyond the Red Sea last week, maritime officials and experts have warned. The drone
Elon Musk’s abrupt decision to lay off employees who ran Tesla’s electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the Tesla Supercharger network, industry officials and analysts said on Tuesday. For now, General Motors, Ford and other automakers which struck deals last year to give customers access to the
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US money-laundering laws at the world’s largest cryptocurrency exchange. The sentence was imposed by US District Judge Richard Jones in Seattle, who rejected prosecutors’ request that the 47-year-old Zhao serve a three-year term, twice the maximum
Amazonreported quarterly results above Wall Street’s expectations on Tuesday, as interest in artificial intelligence helped drive cloud-computing growth. Shares of the Seattle-based e-commerce and tech company climbed almost 3% in extended trade, even after its current-quarter revenue forecast came in below expectations. The stock closed down 3.3% in the regular session. Chief Financial Officer Brian
A group of ex-Google employees has filed a federal labor complaint alleging they were illegally fired by the tech giant for their involvement in office protests over the companys business ties to the Israeli government. Filed with the National Labor Relations Board late Monday, the complaint alleges that Google unlawfully retaliated against workers who staged
ISLAMABAD (AP) — A gunman stormed a mosque in western Afghanistan, opening fire and killing six people as they were praying, a Taliban official said Tuesday. Local media reports and a former president of Afghanistan said the mosque was targeted because it was a place of worship for the country’s Shiite Muslim minority. The attack
The Chosen is now streaming on the home of Star Wars, Marvel, and Mickey Mouse. The Bible-based series entered Disney Plus in recent days , giving the award-winning TV show another major outlet and placing it in front of the company’s 112 million subscribers. The first three seasons of the four-season series are on Disney
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Who will be the big beasts in what we assume will be the next Labour government? This question matters as the country tries to work out where power will lie in a Keir Starmer administration.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. America is in knots over the foolishness — or worse — of its campus protesters. But it is adults who are making the biggest dunces of themselves. The role of grown-ups facing student unrest is
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Warren Buffett’s deputies are trailing both the legendary investor and the S&P 500 index, according to a Financial Times analysis that examined the performance of the two men set to take over Berkshire Hathaway’s $354bn stock portfolio. Berkshire will hold its annual meeting on Saturday without vice-chair Charlie Munger, whose death in November aged 99
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If at first you don’t succeed, try again. And again. And again. So far, the Norwegian government has been asked whether it would place some of its vast pot of national oil-derived wealth in to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer’s Labour party is set to unveil a weakened package of workers’ rights in the coming weeks in its latest softening of radical policies ahead of the upcoming general election, the Financial Times
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. New York City police stormed Columbia University’s campus on Tuesday night, arresting dozens of pro-Palestinian protesters in an attempt to quash unrest that has spread to campuses across the nation and inflamed US divisions over
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Conservative candidates are distancing themselves from Rishi Sunak and his party’s brand in the run-up to local elections in England and Wales this week, in a sign of concerns over the party’s tarnished national reputation.
At a Windsor retreat for senior HSBC employees in early December, chief executive Noel Quinn made it clear he had no intention to leave the bank, three people who attended told the Financial Times. Yet during the Christmas break just weeks later, Quinn had made a decision to retire after five years in the role.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. You know stocks are getting pricey when investors get jumpy about even the slightest change in earnings expectations. This can be seen in the sharp moves in AI-related stocks in recent weeks, especially the sector’s
Server maker Super Micro Computer lifted its fully year sales outlook, signalling growing demand for AI chips. The company, which works closely with Nvidia, now expects $14.7bn to to $15.1bn in sales for its fiscal year that will end in June, better than the $14.6bn analysts expect. Revenues rose 200 per cent from a year