Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Can an offer at a near-60 per cent premium to the market price substantially undervalue a company?  That is what Direct Line Group’s board maintains. The UK insurer rejected a £3.3bn offer from Aviva which
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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. Takeover interest in UK companies stepped up on Thursday, as Macquarie made a fresh offer for waste management group Renewi, marking the third approach for a London-listed group in less than 24 hours. Macquarie announced
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Staring at the enormous mound of rubble that used to be her home, Mariam Hosni clutched her daughter’s hand, which gripped a picture of Hizbollah’s venerated former leader Hassan Nasrallah, assassinated by Israel as it escalated its offensive two months ago. The Hosnis’ building in Beirut’s southern suburbs was levelled in the fierce Israeli bombardment
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Just_super | E+ | Getty Images Can artificial intelligence be so transformative as to solve one of the U.S. economy’s biggest problems: its skyrocketing fiscal deficit? According to three economists at the Brookings Institution, the answer is yes — AI could prove a positive “critical shock” for the country’s fiscal health.  A working paper released
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The Dow topped 45,000 for the first time but Wall Street’s main indexes closed lower on Wednesday, with the Nasdaq leading declines as technologystocksslumped ahead of the Thanksgiving holiday. Worries the Federal Reserve may be cautious about rate cuts after stubbornly strong US inflation data weighed on investors. The Dow Jones Industrial Averagefell 138.25 points,
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A top Swiss court on Wednesday acquitted Credit Suisse, now part of UBS, of failing to prevent money laundering by a Bulgarian cocaine trafficking gang, overturning a 2022 conviction. The Federal Criminal Court’s original ruling was seen as a test case for the prosecution of banks. It had found an ex-employee of the bank guilty of money-laundering, and Credit Suisse of
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Billionaire Elon Musk, tasked with slashing government costs by President-elect Donald Trump, on Wednesday called for the elimination of a federal regulatory agency charged with protecting consumers in the financial sector. The comment on the Consumer Financial Protection Bureau (CFPB) followsMusk’srecent appointmentto a government efficiency role, further amplifying the influence of the world’s richest man, who
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Meta CEO Mark Zuckerberg dined with Donald Trump at Mar-a-Lago after reportedly requesting the meeting with the president-elect to discuss the incoming administration Wednesday. Its an important time for the future of American Innovation. Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his
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Billionaire Elon Musk, tasked with slashing government costs by President-elect Donald Trump, on Wednesday called for the elimination of a federal regulatory agency charged with protecting consumers in the financial sector. The comment on the Consumer Financial Protection Bureau (CFPB) followsMusk’srecent appointmentto a government efficiency role, further amplifying the influence of the world’s richest man, who
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Meta CEO Mark Zuckerberg dined with Donald Trump at Mar-a-Lago after reportedly requesting the meeting with the president-elect to discuss the incoming administration Wednesday. Its an important time for the future of American Innovation. Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his
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Meta CEO Mark Zuckerberg dined with Donald Trump at Mar-a-Lago after reportedly requesting the meeting with the president-elect to discuss the incoming administration Wednesday. Its an important time for the future of American Innovation. Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his
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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. If the fast-fashion group Shein manages to become one of the largest UK-listed public companies next year, no one can claim to be unprepared. Founded in China, headquartered in Singapore, spurned by US politicians and
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Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia has used cluster munitions and other highly destructive bombs to target Ukraine’s energy infrastructure, prompting emergency shutdowns across the country on Thursday. “Again, the energy industry is under massive enemy attack,” said energy
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