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The Latest Breaking News from FT

Financial watchdog warns it will ‘take action’ against Crispin Odey

The FCA said Mr Odey’s response to allegations of sexual misconduct breached its rules and ‘lacked integrity’.

Evening Standard

Scheme to boost French school trips to Britain ‘at risk’ under new UK entry rules

Trade body for France’s travel industry reportedly writes to UK home secretary over concerns for programme’s future

The Guardian - UK

Crispin Odey rejoins hedge fund after leaving amid misconduct claims in 2023

Tycoon reappointed as director at Odey Asset Management, after leaving in June last year following reports of harassment and assault complaints.

Evening Standard

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EY fired dozens of staff members who attended 2 video training meetings simultaneously

EY has already been forced to pay dearly for employees who abuse internal training and testing systems.

Fortune

US group Advent International ‘preparing bid for Tate & Lyle’

Shares in food company jump 13% after reports Advent is in early stages of preparing an offer

The Guardian - UK

No 10 rejects claim Labour misled voters about tax plans in manifesto – as it happened

Labour set out plans to raise taxes by £7.3bn in its manifesto – but Treasury briefing suggests £40bn in tax rises and spending cuts needed

The Guardian - UK

Employers fear free MBAs will make staff leave—they're probably right

MBA students are increasingly opting to quit their jobs to form startups, so bosses have stopped footing the bill.

Fortune

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Outside Frieze’s big tent, the London art world faces severe headwinds

Galleries have closed and auction sales are down as Brexit boosts European events such as Art Basel Paris

The Guardian - UK

Pink Floyd agree to sell music rights to Sony in deal worth 400 million dollars

After years of discussions, Pink Floyd have finally sold the rights to their recorded music

Louder

Peak luxury: how long can London’s grand hotel boom last?

From basement builds to rooftops, revamped Whitehall ministries and once-were embassies, the capital’s hotels are in an opulence arms race to lure exacting guests

The Guardian - UK

Levi Strauss Sees Delay In Reaching $10 Billion Revenue Goal By 2027: Report

Levi Strauss may be delayed in its goal of reaching $10 billion in revenues by 2027.

International Business Times

'My kids won't suffer': Ed Balls on surname bullying trauma

The ex Labour politician chose not to give his children his surname

Evening Standard

Starmer’s free tickets for Arsenal and Taylor Swift part of job, says minister

Business secretary, Jonathan Reynolds, defends PM over gifts he has received since becoming Labour leader

The Guardian - UK

Starmer’s £100,000 in tickets and gifts more than any other recent party leader

Prime minister has come under fire recently for clothing, accommodation and glasses provided by Waheed Alli

The Guardian - UK

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TechRadar

Report claims renting slower Nvidia AI GPUs is cheaper in China than in the US — but that's thanks to some rather surprising underhand strategies

Report claims that renting slower Nvidia AI GPUs is cheaper in China than in the US

The Guardian - UK

Government urged to help as shipmaker Harland & Wolff prepares to enter administration – as it happened

Steps are now being taken to reduce headcount at Harland & Wolff, as board concludes the company is insolvent

Fortune

China's startup scene is dead as investors pull out—'Today, we are like lepers'

"The whole industry has just died before our eyes. The entrepreneurial spirit is dead. It is very sad to see."

Top News

CIA And MI6 Hold Rare Joint News Conference In London

CIA and MI6 intelligence chiefs address international security issues at FT festival, emphasizing unity and support for Ukraine.

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GamesRadar

Even as Concord dies a fast death, Sony exec says PlayStation doesn't have enough original IP and "that's an issue for us"

"Whether it's for games, films or anime, we don't have that much IP that we fostered from the beginning"

Fortune

Temu parent tops Tesla with biggest cash pile of any public company that doesn’t pay investors

PDD Holdings, the parent company of Chinese e-commerce giants Temu and Pinduoduo, has a cash pile that totals $38 billion, according to the FT.

Al Jazeera

Libya’s central bank chief flees country over militia threats: Report

Tripoli-based Presidential Council appoints new board of directors, with banking operations suspended amid upheaval.

TechRadar

Tech giants are looking to repurpose old power stations for data center demand

The likes of Microsoft, Amazon and Google are looking to repurpose old power stations to meet data center demand.

Fortune

IKEA is taking on eBay to become the go-to destination for second-hand furniture online

Listing products on the Ikea Preowned website will be free for now, said the CEO of the furniture chain’s largest retailer.

Fortune

Ship captain who saw Mike Lynch's yacht sink blames 'extreme mast'

"The center of gravity is too high with this extreme mast," Dutch ship captain Karsten Börner told the Financial Times.

The Guardian - UK

Canadian export agency ‘nursing losses’ after lending $1bn to Thames Water

State-backed body EDC has reportedly sold at deep discount five loans made to debt-ridden UK utility

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