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The Latest Breaking News from FT

Why aren’t soaring interest rates bringing down inflation?

Rishi Sunak has blamed the high number of fixed-rate mortgages for his government’s failure to bring down inflation.

The Week

Private equity is failing water companies again. Get these firms back on the stock market

Listing would allow the market to be admirably brutal – inflicting pain on the owners and forcing management changes

The Guardian - UK

People are finally waking up to the truth about our economy

This is the latest newsletter from Scotonomics. To receive the email direct to your inbox every Tuesday for free, click here.

The National (Scotland)

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

Apple Makes "Major Cuts" to Vision Pro Production Plans, Says Report

Apple's production plans for the Vision Pro appear to have been severely cut back, according to industry leaks.

Tom’s Hardware

Netflix could soon release new targeted ads that are like mini TV shows

Fed up seeing the same old ads? Netflix is working on a smart solution that could make ads worth watching

TechRadar

How Gibraltar became the last frontier of Brexit

Talks over the status of Gibraltar, its relationship with the EU and its land border arrangement with Spain have stalled as long-term tussles over the sovereignty of the British overseas territory have flared up.

The Week

Apple Vision Pro production reportedly cut by more than 50% — what we know

Apple has reportedly cut shipment targets for the Vision Pro headset after production bottlenecks at its Chinese manufacturer.

Tom’s Guide

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Zelensky calls for upgraded air defences after deadly Russian drone strike in north Ukraine

Ukrainian President Volodymyr Zelensky called for a major upgrade of anti-aircraft defences after Russian drones killed at least two people in the northern Ukrainian city of Sumy on Monday. Earlier, Zelensky made a joint call for the extension of the Black Sea grain deal with German Chancellor Olaf Scholz. Follow…

France 24

Dear England review: James Graham ‘hits the back of the net’ once again

Since 1966, the England men’s football team has had an unerring ability to dash a nation’s dreams, said Andrzej Lukowski in Time Out. So a play about the squad’s supposed “resurrection” under manager Gareth Southgate feels “potentially hubristic” – and at risk of “dangerously overhyping a gifted man who still…

The Week

Litquidity: the financial ‘meme-lord’ taking Wall Street by storm

A financial meme account run by an anonymous former Wall Street banker has become essential viewing for hundreds of thousands of people in the industry.

The Week

OPINION - Keir Starmer has a big poll lead – does he need a vision too?

Last weekend, the FT’s Janan Ganesh raised all manner of hackles (again) with a pop quiz on Asian history. To that end, let’s do something similar but for Labour politicians.

Evening Standard

Will interest rates come down again?

The Bank of England has increased its base interest rate from 4.5% to 5% in a bid to tame inflation. It is the 13th hike in row and the highest the rate has been for 15 years.

The Week

CBI frozen out of meetings with other leading UK business lobby groups

Efforts to regain place at intersection of business and government after scandal hampered by refusals to engage

The Guardian - UK

Nadine Dorries wrongly claims Boris Johnson was ‘top of his year’ at university

Dorries said she was quitting ‘with immediate effect’ last Friday after a bust-up with Mr Sunak over Boris Johnson’s resignation honours list

The Independent UK

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The Week

The ousting of Crispin Odey

After making hundreds of millions of pounds “betting on Brexit” in 2016, Crispin Odey took to the BBC to boast of his accomplishments. “I still think tomorrow they’re gonna take it all away from me,” he said with a laugh. His fears may now be realised, said the Financial Times…

The National (Scotland)

Crispin Odey's hedge fund moves to break itself up after harassment accusations

The scandal-hit hedge fund set up by Crispin Odey is being broken up as it confirmed talks to transfer some of its funds to rival firms amid an…

Birmingham Post

Mike Ashley's Frasers Group increases stake in AO

The original deal saw Frasers Group acquire a stake of just under 19% in AO for £75m

Fortune

A.I. company raises record $113 million just a month after being founded—despite having no product ready and only just hiring staff

The Paris-based startup wants to build generative A.I. technology like that powering ChatGPT.

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news in one place.

100's of premium titles.
One news app.

The Week

Keir Starmer’s transformation of the Labour Party

In 2019 the Labour Party faced its worst electoral defeat in over 80 years – now the party could be looking at victory in the next general election.

Evening Standard

Odey Asset Management gates funds as investors rush to exits after sexual assault allegations

JPMorgan has also reportedly become the last major bank to cut ties with the firm

The Guardian - UK

Crispin Odey’s name to be removed from hedge fund he founded

Odey Asset Management plans complete rebrand after Tory donor forced out over misconduct claims

The Week

A cruise on the mighty Brahmaputra river in India

From its source in Tibet, the Brahmaputra river flows through northeast India to Bangladesh, merging there with its equally mighty sister, the Ganges, and draining into the Bay of Bengal. A cruise along its Indian stretch on the “elegant” 18-cabin river boat Charaidew II is a delight, says Sophy Roberts…

Birmingham Post

Mike Ashley's Frasers Group buys £75m stake in AO

The shares had been held by hedge fund Odey Asset Management

The Independent UK

Crispin Odey brokers review ties over sexual misconduct allegations

Odey Asset Management ‘doesn’t recognise picture of firm painted’ by accusers

The Week

How safe is India’s rail network?

The Indian government’s costly rail modernisation programme is under intense scrutiny after the country’s worst train disaster in decades claimed the lives of at least 275 people and injured more than 1,000.

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