Paramount Global is reportedly considering dumping longtime CEO Bob Bakish and replacing him with a group of executives as the entertainment giant inches closer to a deal with Skydance Media. Bakish, who has been privately critical of the company’s talks to merge with Skydance, would be replaced on an interim basis with an Office of
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Open your virtual A-eyes. A new study testing ChatGPT’s artificially intelligent image creator showed an aggressive tilt toward men over women when asked to depict business people and chief executive officers, according to finance company Finder. Using DALL-E the generative AI, prompt-based photo creator integrated into ChatGPT from parent company OpenAI 99 out of 100
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Humza Yousaf’s resignation is not merely a story of personal political incompetence, although it does take some beating on that score. It also highlights a dangerous reality for his Scottish National party. They no longer
Stay informed with free updates Simply sign up to the Asia-Pacific economy myFT Digest — delivered directly to your inbox. The Middle East is in flames. There is a war in Europe. America is in turmoil. Fortunately, I am in Japan. Here, the cherry blossom season is coming to a gentle end. The idea that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK ministers will on Monday set out plans to squeeze benefits claimed by millions of people with long-term disabilities and health conditions, as part of a drive to cut the government’s spiralling welfare bill. Mel
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels is set to open a probe into Meta’s Facebook and Instagram as soon as Monday over concerns the social media giant is failing to do enough to counter disinformation from Russia and other countries.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla is partnering with Chinese search giant Baidu to deploy mapping and navigation technology in China, as Elon Musk moves closer to rolling out more advanced driver assistance features in the world’s biggest auto market.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blackstone has agreed to acquire Hipgnosis Songs Fund for almost $1.6bn, the latest salvo in a bidding war for the troubled group that pioneered efforts to turn music rights into a mainstream asset class. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Scotland’s beleaguered first minister Humza Yousaf is considering quitting ahead of crunch votes of no confidence expected this week. Yousaf, who faces two attempts to bring down his premiership and government, is set to decide
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Dutch group Philips has agreed to settle litigation linked to its sleep apnoea machines for $1.1bn, ending a long-running legal battle and sending its shares up as much as 37 per cent on Monday. The
Brest is a rainy industrial port, pounded by the Atlantic, that is home to the French navy and its submarine nuclear deterrent. It has also witnessed a remarkable number of weddings in recent years between female Chinese students and the seamen who work at its naval bases. “How should we evaluate such relationships?” a concerned
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. The Bank of England has failed. It has an inflation target of 2 per cent a year that it has not met. Over the three years to March 2024, the UK consumer price index jumped
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Love him or loathe him, Nigel Farage has an indisputable knack of channelling ill feeling into a consequential campaign. Brexit happened in large part because he tapped into popular resentment about immigration; now the UK
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Eleven EU countries including France and Italy are set to be reprimanded by the European Commission over excessive government spending once new fiscal rules enter into force this year. These countries last year ran budget
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Michael Gove has compared the government’s levelling-up policy to a half-built cathedral, urging critics of the flagship agenda to wait another six years before casting judgment on its progress. In an interview with the Financial Times,
Before I speak to Joseph Stiglitz, one of his surprisingly ample team asks if I can give him notice of my questions. The Nobel laureate, it turns out, appreciates time to prepare. Stiglitz’s critics might laugh: hasn’t he been preparing for the past three decades? Surely his leftist critique of free markets now comes naturally?
Stay informed with free updates Simply sign up to the Cost of living crisis myFT Digest — delivered directly to your inbox. Britons are choosing to spend less money in pubs and bars than at any time since lockdown ended, according to research by Deloitte, as cost of living pressures weigh on people’s leisure habits.
The largest western banks that remain in Russia paid the Kremlin more than €800mn of taxes last year, a fourfold increase on prewar levels, despite promises to minimise their Russian exposure after the full-scale invasion of Ukraine. The seven top European banks by assets in Russia — Raiffeisen Bank International, UniCredit, ING, Commerzbank, Deutsche Bank,
Israel has said that it would be willing to delay a long-planned assault on Hamas’s last stronghold in the Gaza Strip if a deal to secure the release of Israeli hostages can be agreed. Hamas said over the weekend that it was studying a new proposal by Egypt and Israel that, according to reports, would
Nigel Farage, the outspoken former Brexit campaigner, prides himself on saying what others dare not. But when he labelled a law firm’s report into claims he was debanked by Coutts as a “whitewash”, he was not the first to raise concerns about such investigations. Corporate probes have been thrust into the spotlight after a recent
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The median pay for S&P 500 chief executives jumped 9 per cent to $15.7mn in the year to April 15, widening the gulf in remuneration between US and UK bosses. The rises came despite the