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The Latest Breaking News from FT

Putin oligarch says Russia has weathered sanctions after 'way less' than 30% of the economy collapsed

Oleg Deripaska admitted Russia cannot achieve its objectives, but warned Ukraine would not repel his country's invading forces from its land either.

Fortune

Financial Times returns to profit despite print circulation cut

The FT said it had “work to do in relation to race” after a rise in senior ethnic minority employees quitting the firm and an increase in its ethnicity pay gap

Evening Standard

Lego’s big plan to make bricks out of recycled plastic bottles would have actually made emissions worse

The company's CEO told the FT the equipment needed to create climate-friendly RPET would have been more harmful than keeping its oil-based bricks.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Beer could run low as climate crisis decimates Europe’s barley crops, warns the CEO of Japanese brewer Asahi

Barley supplies could shrink by as much as a quarter in major exporters in a worst-case climate change scenario, Asahi CEO Atsushi Katsuki told the FT.

Fortune

Oil hits $95 per barrel; CBI postpones annual meeting amid ‘cashflow challenges’ – as it happened

Rolling coverage of the latest economic and financial news, as Brent crude hits 10-month high and CBI puts annual meeting on hold amid financial woes

The Guardian - UK

Russia-Ukraine war: Russian lines breached, says Ukraine; Zelenskiy to meet Brazil’s president – as it happened

Capture of Andriivka and Klishchiivka has meant breaking Russia’s defensive line, Ukraine general says; presidents due to meet at UN summit

The Guardian - AU

Farhad Moshiri plots exit after ruinous reign but Everton’s future still unsure

777 Partners is in line to replace the current owner but the Americans have a reputation of not improving their other clubs

The Guardian - UK

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Tory party ‘acted swiftly’ to block would-be MPs after MI5 warnings

Party removed two people from candidates list after MI5 warned in 2021 they could be Chinese spies

The Guardian - UK

IIMK secures place among top B-schools in Financial Times global ranking

.IIMK achieves remarkable milestone by securing 77th position globally in FT Masters in Management Ranking 2023; 10th in Asia & 4th among all IIMs. Criteria considered include graduate salary, salary increase, value for money, career progress, female faculty & students. Director credits success to faculty & staff's dedication & passion.

The Hindu

Origin City, London: ‘A nose-to-tail ethos’ – restaurant review

As Smithfield meat market gets ready to close, a superb new meat-led restaurant opens up its doors

The Guardian - UK

Journalists from G20 nations discuss press freedom challenges: Collaboration, arrests and business models

Days ahead of the G20 Summit in New Delhi, journalists from several participating countries joined a virtual event to discuss several issues pertaining to the news media, to remind G20 leaders that “press freedom also matters”.

Newslaundry

Labour’s Rachel Reeves heckled for ruling out tax rises for the rich

The shadow chancellor got a rowdy reception from the FT crowd

Evening Standard

Richard Osman: the TV quiz industry is ‘sort of collapsing’

It’s Pointless to work on a quiz today, thinks the TV man turned author

Evening Standard

Is Britain’s infrastructure failing?

“We need to talk about the dire state of British transport infrastructure.” So wrote John Burn-Murdoch, chief data reporter for the Financial Times (FT), on Twitter.

The Week

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The Week

Covid-19: where we are now

An increase in Covid cases over the summer, driven by new Omicron variants, has led scientists to warn that the world is vulnerable to a new wave of infections.

The Guardian - UK

Bank of England must ‘see job through’ on cost of living; eurozone inflation higher than expected – as it happened

Live, rolling coverage of business, economics and financial markets as easing of chip shortage boosts British car manufacturing by a third

The National (Scotland)

Equal pay law which led to huge payout for Glasgow workers ‘scrapped’ after Brexit

THE right of women to receive equal pay with men for doing the same job was scrapped after Brexit, it has emerged.

Ballotpedia

Examining BlackRock’s shift away from ESG

The Economy and Society letter is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and governance (ESG) trends and events that characterize the growing intersection between business and politics.

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The Week

Searching for ‘sea wolves’ in Canada

Most wolves are land-based predators, working in packs to chase down the likes of deer and elk. But on the coastal islands of British Columbia, these adaptable creatures have carved out a different existence, said Andrew Eames in the FT. Having come for the venison, they’ve stayed for the seafood,…

The Week

The AI stock market wave: chancing an Arm?

If ever a float could be said to test current market conditions, it may be that of Arm, the SoftBank-owned British chip designer that has “started the countdown” for a Nasdaq IPO in early September, said the FT.

The Guardian - UK

UK poised to confirm fifth delay to post-Brexit checks on imports

Latest hold-up is intended to cut risk of new charges being passed on to consumers amid cost of living crisis

The Guardian - UK

Dorries claims she is ‘working daily’ on behalf of her constituents amid calls for her to resign – as it happened

She made the comment in response to repeated claims she is neglecting her duty as an MP

The Independent UK

Labour not watering down its workers’ rights plans – Angela Rayner

The Financial Times newspaper reported that Labour has scaled back its commitments to bolster workers’ rights in an attempt to woo corporate backers.

The Guardian - UK

Labour changes wording of pledges on workers’ rights as Rayner says party is ‘far from watering down’ policy – as it happened

Deputy leader says party would legislate to improve workers’ rights within 100 days as policy forum tweaks plans for ‘day one’ rights such as sick pay

Zenger

Nvidia Flooded With AI Chip Orders From Oil-Rich Saudi Arabia And UAE

The powerful chips that power AI software and applications are being purchased in greater quantities by Saudi Arabia and the UAE.

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