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The Latest Breaking News from FT

Monte dei Paschi: how far did Italy go to draw a line under its troubled bank?

After 15 years of scandal and state aid, Rome was prepared to bend the rules to ensure the world’s oldest lender could be safely sold off

Financial Times

Taylor Swift avoids FTX lawsuits after a $100 million deal with the crypto exchange fell apart earlier this year

Sam Bankman-Fried’s employees at FTX, which struck deals with Tom Brady and Steph Curry, said it “was too expensive from the beginning.”

Fortune

The 4-day week: does it actually work?

A trial to gauge whether it is possible to do the same work in fewer hours is finally drawing to a close. Here’s what four companies discovered

Financial Times

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Disney could regain political power of the land surrounding its Florida theme parks

Move comes seven-plus months after legislature voted to dissolve special tax district.

Fortune

Everyone hates the open floor office plan. Meet its remote-work-friendly replacement: 'quiet spaces'

With unavoidable Zoom meetings and private rooms in short supply, most offices are incapable of supporting deep-think work workers need.

Fortune

‘It just kinda went crazy’: FTX’s lavish spending highlights lack of controls

Sam Bankman-Fried’s crypto group showered employees with perks before collapsing into bankruptcy

Financial Times

Jack Ma reported living in Japan after China tech crackdown

TOKYO: Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China's crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources.

Bangkok Post

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Less than half the population are Christian for the first time

When Rishi Sunak became prime minister, his accession was widely welcomed across the political spectrum, as the first British Asian to secure the top job in politics, and only the second from a minority background after Benjamin Disraeli in the nineteenth century.

Evening Standard

Chinese billionaire Jack Ma living in Tokyo after China's crackdown against firms: Report

BEIJING: Chinese billionaire and e-commerce giant Alibaba founder Jack Ma who ran into trouble with the Chinese government over violating anti-monopoly regulations and kept a low profile since 2020 is now living in Tokyo for about six months, according to a media report on Tuesday.

The Times of India

European Super League pioneer quits after failing to convince Liverpool to perform U-turn

Liverpool initially signed up to the European Super League in April in 2021

Liverpool Echo

China cracks down on ‘extraordinary’ zero-Covid protests

It is a level of courage I can scarcely quantify. The Chinese Communist Party (CCP) runs a brutal, authoritarian regime. Freedom of expression is suppressed while dissent – whether online or on the streets – is swiftly censored and punished.

Evening Standard

Layoffs, low ratings and a lurch closer to the right: is CNN in crisis?

New management outlines a course to cut costs and return to political middle ground, but there may be no easy fix in sight

The Guardian - US

Qatar reviewing London investments after transport ads ban - FT

Qatar has launched a review of its investments in London after the city’s transport authority this week banned the Gulf state’s tourism advertisements on the capital’s buses, taxis and Underground train system, Saturday’s Financial Times reported.

Reuters

Qatar reviewing London investments after TfL bans its adverts – report

Ban linked to World Cup hosts’ human rights record taken as message ‘Qatari business not welcome in London’, source tells FT

The Guardian - UK

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Fortune

Bob Iger was on a $10m consultancy deal with Disney before his return

Before his return to Disney, Bob Iger reportedly had a $10 million deal to advise his successor Bob Chapek, despite the two executives barely speaking.

ABC News

Victorian man who killed boy while felling tree in Tasmania sentenced to more than four years' jail

After seven years of delays and an emotional criminal trial, a Victorian man who killed the child of his partner while felling a tree in southern Tasmania has been jailed.

The Guardian - UK

TechScape: Inside the $8bn FTX crypto scandal – and its real-world impact

Sam Bankman-Fried was what everyone wanted a crypto billionaire to be – until things began to go very, very wrong

Bangkok Post

ERC seeks consumer feedback on new tariff

People will be allowed to have a say regarding the new power tariff as the Energy Regulatory Commission (ERC) prepares to decide on the next hike, leading to higher electricity bills next year.

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news in one place.

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The Guardian - UK

When Angela Rayner told the FT about her ‘boob job’, she was telling the rightwing press to bring it on

No disclosure goes unpunished by the tabloids if you are a Labour politician - and the typical defence is to say nothing. The deputy leader has a different strategy, writes Zoe Williams

Fortune

The 1.5°C global temperature limit is in jeopardy at COP27

Some countries want to remove the 1.5°C limit on temperature increase as fossil fuel lobbyists water down talks at the UN Climate Conference

Daily Mirror

Liverpool is Sir Jim Ratcliffe's ideal next step after billionaire's blunt admission

Fenway Sports Group are looking to sell Liverpool Football Club after 12 years at the helm at Anfield, while Sir Jim Ratcliffe, Britain's richest man, has already made clear his desire to own a Premier League club

Daily Mirror

Rishi Sunak poised to U-turn on Tory plans for privatisation of Channel 4

The Prime Minister vowed to push ahead with Boris Johnson's plan to sell off the public service broadcaster during the Tory leadership contest in the summer but the idea is now being reviewed

Daily Mirror

Ukrainian nurse ‘abducted and hung in street by pro-Russian cops after confronting Putin’s troops’

Tetyana Mudrenko and her husband Anatoliy were abducted from their front garden and had their home in occupied Kherson ransacked, according to reports

The Guardian - UK

Friday briefing: The grim reality of what happens to migrants after they leave detention

In today’s newsletter: As the home secretary visits the Manston asylum processing centre, this is what vulnerable asylum seekers face on entering in the UK

Financial Times

The Bear and the chefs shaking up kitchen culture

There has long been a cliché of a shouty chef. Henry Mance asks if there is a kinder way to run a restaurant

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