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The Latest Breaking News from the Financial Times

Top executive quits Nissan in new leadership turmoil

TOKYO: Nissan top executive Ashwani Gupta is leaving the company, the Japanese automaker said Friday, in a surprise departure that will revive concerns about the stability of the firm's leadership.

Bangkok Post

Western firms snub ‘Russian Davos’ as its prestige evaporates

Annual event headlined by Vladimir Putin described as ‘totally toxic’ since full-scale invasion of Ukraine

The Guardian - UK

Two more major investors cut ties with hedge fund founded by Crispin Odey

Schroders and Canada Life cut ties after 13 women accuse Odey of abuse or harassment over decades, which he denies

The Guardian - UK

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Financial watchdog investigating Crispin Odey after sexual assault allegations

Morgan Stanley also cuts ties with Tory donor’s hedge fund over report of alleged incidents, which he denies

The Guardian - UK

IMF's Gopinath: We lack the 'luxury of time' with A.I.

Gita Gopinath argued that automation in manufacturing is an example of how experts can't accurately gauge the impact of tech on the labor force.

Fortune

CBI members back reform package at extraordinary general meeting – as it happened

British businesses have given the CBI a vote of confidence as the lobby group takes steps to reform itself

The Guardian - UK

Former Financial Times journalist shortlisted to be Tory election candidate

Sebastian Payne put himself forward to be the Tory candidate for Selby and Ainsty in Yorkshire and has made the shortlist ...

The National (Scotland)

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Tory mayor calls MP a ‘liar and a coward’ over claims about Teesworks project

Ben Houchen dismisses accusations of corruption and and wrongdoing made by Labour MP for Middlesbrough Andy McDonald

The Guardian - UK

Experts say AI poses ‘extinction’ level of risk, as Congress seeks legislative response - Roll Call

The latest warning about AI from experts adds to the urgency for a government response from Congress and regulators.

Roll Call

The falling price of copper is trying to tell us something about a recession

Analysts call it “Dr. Copper” because it often provides a diagnosis for the upcoming recession. The patient isn’t feeling great.

Fortune

Nvidia surges past $900B market cap in extended trading after forecast suprise

Nvidia shares jumped almost 25% in extended trading after the chipmaker gave a revenue forecast 50% higher than analyst estimates.

Fortune

The Apple VR headset scares Meta — it's scrambling to get this new feature to stay ahead (report)

The long-awaited Apple VR headset is reportedly poised to be revealed at WWDC 2023, and Meta is allegedly scrambling behind the scenes to get ahead of the competition.

Laptop

EU Foreign Minister says Europe should stop entry of Indian products made from Russian oil

Earlier this month, the Petroleum and Natural Gas Ministry strongly denied a Finland-based think tank’s report alleging that India led five countries that acted as “laundromats” to buy Russian oil and sell refined products to European countries

The Hindu

Labour plans ‘right to switch off’ for workers

‘Constant emails and calls outside of work should not be the norm and is harming work-life balance for many,’ Angela Rayner said.

The Independent UK

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The Week

What is Title 42? The strict Covid border rules that have come to an end on the US border

A Covid pandemic policy that restricted the right to claim asylum at the US-Mexico border has expired, with significant implications for American politics – and for the flow of migrants from South and Central America.

The Week

The highlights and lowlights from King’s coronation weekend

The coronation of King Charles III took place to both fanfare and controversy on Saturday, battling high expectations and appalling weather to please the maximum number of subjects.

France 24

Yellen warns of 'constitutional crisis' in US debt ceiling showdown

US Treasury Secretary Janet Yellen has urged lawmakers to find common ground and raise the country's borrowing limit. Speaking to ABC News, she also warned that the idea of invoking the 14th amendment to raise the debt ceiling could lead to a "constitutional crisis". Also, the Financial Times reports that…

Reuters

EUs plans to slap sanctions on Chinese firms aiding Russia's war machine - FT

The European Union has proposed sanctions on Chinese companies accused of selling equipment that could be used in weapons to support Russia's war machine, the Financial Times reported on Sunday.

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The Week

Party like it’s 1997: can Tories stop a Labour landslide?

Labour’s strong showing in the local elections has led some to suggest the party could be on track for a 1997-style landslide victory at the next general election.

TechRadar

Vodafone and Three set for multi-billion pound UK mobile merger

Vodafone and Three likely to join forces to form UK telecoms giant.

Zenger

Charlie Munger Warns That The Fall Of Property Values With Banks Full Of Bad Loans

Berkshire Hathaway distanced itself from Silicon Valley Bank and Signature Bank with history supporting instable banks.

Fortune

Warren Buffett’s right-hand man Charlie Munger says most money managers are little more than ‘fortune tellers or astrologers’

The 99-year-old Berkshire Hathaway vice chairman told the Financial Times Sunday there’s now a “glut of investment managers that’s bad for the country.”

Cinemablend

Emma Watson Gets Candid About Stepping Away From Acting After Harry Potter, Little Women: ‘I Wasn’t Very Happy’

Emma Watson hasn't acted in a movie since 2019, and she's candid about stepping away after Harry Potter.

Asharq Al-Awsat

Pfizer, BioNTech Propose EU Pays Half for Each Cancelled COVID Dose

Pfizer Inc and BioNTech's new proposal to the European Union, amid a glut of COVID-19 shots, includes a provision for member states to pay half price, or about 10 euros ($11), for each of about 70 million cancelled doses, the Financial Times reported on Sunday. The revised contract would allow…

Wales Online

The small Cardiff bakery that's just been named among the top 20 in the UK

The Financial Times has commended Brod for offering "real deal" Danish pastry

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