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The Latest Breaking News from the Financial Times

Adidas Shares Slide Following China Corruption Claims

Adidas shares slid Monday as the German sportswear giant said it was investigating alleged bribery in China after senior employees were reportedly accused of embezzling huge sums.

International Business Times

Private equity firms have avoided taxation on over $1 trillion of income thanks to a loophole, new Oxford research reveals

Politicians have vowed to close the loophole for years, but fierce pushback lobbyists from the industry cracked those plans.

Fortune

Ukraine’s more liberal use of allied weapons complicates Russian logistics

But observers say Ukraine needs a completely free hand to strike Russian soil if it is to win the war.

Al Jazeera

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Campaign catchup: Defeatist Tories, cautious Greens, and the leader who really loves cars

In today’s newsletter: Explaining the strategy behind Grant Shapps’ warning of a Labour ‘supermajority’

The Guardian - UK

Confirmed: PGA Tour and PIF to meet in person in New York on Friday afternoon — and why John Henry’s role is critical

Jay Monahan and Tiger Woods lead a group meeting in person with PIF governor Yasir Al-Rumayyan.

USA Today Sports Media Group

‘Only disconnect’ – in Caledonian Road, Andrew O'Hagan depicts Britain’s great unravelling

It is Thursday May 20, 2021, and Campbell Flynn – “tall and sharp at fifty-two […] a tinderbox in a Savile Row suit, a man who believed his childhood was so far behind him that all its threats had vanished” – makes his way along Piccadilly to sign copies of…

The Conversation

LIFT 2024: the events not to miss at London's International Festival of Theatre this year

From reimaginings of classic ballets, to experimental dance shows and a show where the actors don’t know what’s going to happen next... these are among our picks of the major theatre festival

Evening Standard

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‘We’re all trained to be good obedient children, but what do you want?’ Delving into the inner lives of women in neoliberal China

Yuan Yang is what migration academics call a “1.5 generation migrant” – meaning she was born in her country of origin and then migrated to another country as a child.

The Conversation

British ambassador to Mexico sacked after pointing gun at embassy employee

Clip on social media showed Jon Benjamin aiming assault rifle at colleague in region rife with drug gangs

The Guardian - UK

New evidence bolsters allegations Adani Group overcharged for coal

On January 9, 2014, the bulk carrier MV Kalliopi L docked at Ennore port in Chennai, the southern Indian city in Tamil Nadu, after a fourteen-day voyage from Indonesia. It carried 69,925 metric tons of coal destined for the state’s power company.

Newslaundry

Suspected Russian sabotage: The great return of Kremlin agents to Europe?

Amid fresh intelligence warnings that Russia is preparing “violent acts of sabotage” targeting Europe and NATO member states, security experts tell FRANCE 24 that they have already noted a significant uptick in what appear to be covert Russian sabotage operations.

France 24

Samsung To Receive $6.4 Billion Under CHIPS Act to Build $40 Billion Fab in Texas

Samsung Electronics this week was awarded up to $6.4 billion from the U.S. government under the CHIPS and Science Act to build its new fab complex in Taylor, Texas. This is the third major award under the act in the last month, with all three leading-edge fabs – Intel, TSMC,…

AnandTech

Google is reportedly weighing paid AI-powered Search features

According to a new report, Google is considering making Search Generative Experience a paid feature, perhaps as part of the Google One AI Premium plan.

Android Central

Fast fashion retailer Shein doubles profits as it awaits IPO approval

Company founded in China and promoted on social media is thought to be considering London listing

The Guardian - UK

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Barchart

Stocks Open Lower as Investors Await U.S. Economic Data and Fed Speak

Stock indexes are down this morning as market participants looked ahead to a fresh batch of U.S. economic data and remarks from Fed officials.

Barchart

Stocks Set to Open Lower as Investors Await U.S. Economic Data and Fed Speak

June S&P 500 E-Mini futures (ESM24) are down -0.35%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.58% this morning as market participants looked ahead to a fresh batch of U.S. economic data and remarks from Fed officials.

The Guardian - AU

‘You are not alone’: what the papers say about Princess of Wales’ cancer diagnosis

UK papers report on chemotherapy treatment after weeks of speculation about Kate’s health

The Guardian - UK

Over 1m Ukrainians without power after major Russian assault on energy system

Kyiv says the country’s largest dam and hydroelectric plant were hit as Moscow unleashed 88 missiles and 63 drones

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The Guardian - UK

John Gardiner obituary

Other lives: Financial journalist turned successful businessman, including as CEO of The Laird Group and chair of Tesco

Latin Times

Democrats' Advantage with Voters of Color Is at Its Lowest Point in Over Six Decades

An deep dive by the Financial Times explored the historical trend that led to the party's comparative weakness with several demographics

France 24

EU deliberates sending frozen Russian profits to fund Ukraine war effort

Brussels is working on a plan to send Ukraine the interest and profits generated from seized Russian assets according to the Financial Times. US lawmakers move towards a possible ban on TikTok, and Boeing fails 33 out of 89 tests in an FAA audit of its 737 Max production program.

Al Jazeera

Five key takeaways from China’s annual meeting of parliament

China is turning to ‘future technologies’ to boost is economy as it tries to turn the page on developers’ struggles.

The Guardian - AU

‘We deserve better’: what the papers say about Jeremy Hunt’s pre-election budget

UK front pages are split in their verdicts, with some calling it ‘desperate’ and others declaring the economy ‘ready for take off!’

France 24

'A Fragile State': Nigerian poet Lola Shoneyin makes plea for democracy

A respected and passionate author has spoken to FRANCE 24 about her desire to ensure democracy, rights and freedoms and to speak up for women. Lola Shoneyin is a Nigerian author and poet. One of her latest projects is a stunning poem entitled "A Fragile State". It's part of a…

Tom’s Hardware

China provides 'computing vouchers' for AI startups to train large language models — designed to combat rising GPU costs due to US sanctions

China offers computing vouchers worth between $140 to $280 thousand to AI startups as U.S. sanctions bite.

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