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The Latest Breaking News from FT

Larry Summers: Danger of U.S. mortality 'transcends politics'

U.S. mortality data was "especially scary remembering that demographics were the best early warning on the collapse of the USSR,” Summers tweeted.

Fortune

China truce with business — for now

Worried about decelerating growth, Xi Jinping has launched a charm offensive to convince investors the country is open for business

Financial Times

Banking crisis: has the city weathered the financial storm?

It was perhaps inevitable that, after the shock collapse of Credit Suisse, attention would switch to another European bank with “a patchy record”, said Lex in the FT.

The Week

From analysis to the latest developments in health,
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Lex in depth: how safe are America’s regional banks?

After the recent failures of Silicon Valley Bank and others, the FT has analysed more than 100 institutions to identify those that are the biggest cause for concern

Financial Times

Govt defends electricity bill hike

The government is defending its decision to raise the fuel tariff (Ft) price for households from May to August as suitable after the government's 3.2-billion-baht subsidy for vulnerable groups ends in April.

Bangkok Post

Tech giants are cutting back on AI ethics research as Elon Musk calls for a cautious approach

Technologists are calling for a more cautious approach to AI, but some companies are still pushing forward at all costs.

Fortune

Binance hid extensive links to China for several years

Company documents show crypto exchange relied on country long after it said it had left in 2017

Financial Times

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Iraq: the cultural resilience of a war-ravaged country

It is 20 years since the US-led invasion of Iraq, and the Foreign Office still advises against travel there, owing to risks including kidnapping. But although the country is “by no means stable”, it is “just about functioning as a rare Arab democracy”, says Sophy Roberts in the FT –…

The Week

Kate Middleton urges employers to support parents and caregivers to balance working life

The future Queen has written an article for the FT Weekend newspaper

The Independent UK

Delaying planned increase in state pension age will cost more than £60bn, IFS warns

Government set to delay announcement until after next general election, reports suggest

The Independent UK

Employers have important role in supporting parents and caregivers – Kate

The future Queen has written an article for the FT Weekend newspaper.

The Independent UK

The SNP: on the verge of collapse?

For years, the SNP was “admired, feared and envied” for its iron discipline, said Severin Carrell in The Guardian. But just a few weeks after Nicola Sturgeon’s shock resignation, a once “impregnable political edifice” looks close to collapse.

The Week

Jobs at risk after UBS takeover of Credit Suisse; FTSE 100’s biggest rally of 2023 – as it happened

UBS’s rescue of Credit Suisse is expected to result in tens of thousands of job cuts, while bank shares are recovering today on both sides of Atlantic

The Guardian - UK

A complete timeline of Rupert Murdoch’s marriages as he announces engagement to Ann Lesley Smith

The media tycoon has been married to four different women and is preparing to marry for a fifth time this summer

The Independent UK

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France 24

UBS agrees to buy Credit Suisse for more than $2bn, reports Financial Times

UBS has agreed to buy Credit Suisse after increasing its offer to more than $2 billion, the Financial Times reported on Sunday.

Asharq Al-Awsat

Credit Suisse Meets to Weigh Options, under Pressure to Merge with UBS

Credit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank as regulators urged it to pursue a deal with Swiss rival UBS AG. Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over the weekend to assess…

Fortune

Peter Thiel says he had millions stored in SVB

After his VC firm came under fire for its role in causing the SVB bank run, Peter Thiel had his defense ready.

Daily Mirror

Joe Lycett and Sam Smith lead Rainbow Honours nominees as iconic venue for awards revealed

Joe Lycett's protest against David Beckham's controversial deal with Qatar has been nominated for yet another prestigious award, with Sam Smith, Graham Norton, Andrew Garfield, Dame Kelly Holmes and more also recognised in the Rainbow Honours shortlist

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The Guardian - UK

TechScape: How Silicon Valley Bank UK was saved

In this week’s newsletter: While its quick slip into financial hardship has left American bankers reeling, its UK division is surprisingly fine. But the tech sector isn’t out of trouble yet

The Guardian - UK

The Tories could raise billions in this budget and not spook the markets – but they haven’t got the guts

Rational reforms of our wildly unjust tax system could harvest huge sums, says Guardian columnist Polly Toynbee

Evening Standard

BBC director-general apologises for Lineker row disruption but refuses to resign

BBC director-general Tim Davie has apologised for the disruption caused to the corporation’s sports schedule by its handling of the Gary Lineker row but said he will not resign.

The Independent UK

Sunday’s Match Of The Day thrown into question after more pundits pull out

A string of presenters have withdrawn from BBC shows after Gary Lineker was told to step back from hosting Saturday’s Match Of The Day.

Daily Mirror

BBC forced to scrap Radio 5 Live coverage as Mark Chapman and Colin Murray step down

The BBC's football coverage on Saturday will be limited after the broadcaster controversially forced presenter Gary Lineker to "step back" for criticising the government

Wales Online

Who is boycotting the BBC is solidarity with Gary Lineker

More followed Alan Shearer and Ian Wright after the pair announced on Friday their boycott of this weekend’s Match of the Day

Bangkok Post

Public to ponder power tariff options

The Energy Regulatory Commission (ERC) is gathering public opinion on its proposal for a single power tariff rate, which would make electricity bills cheaper for businesses but slightly more expensive for households.

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