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The Latest Breaking News from the Financial Times

Meta splurged $2.3M on Zuckerberg’s private jets last year—the most among the S&P 500

But Meta spent even more on one of its other executives.

Fortune

Nissan Investigating Claims That CEO Kept COO Under Surveillance: Report

A letter to the Financial Times revealed COO Ashwani Gupta was under surveillance for questioning the revised Renault agreement.

Motor1

Government scheme to send asylum seekers to Rwanda will cost £169,000 per person, Home Office says – as it happened

Home secretary says benefits of deterring irregular immigration should also be considered, as economic impact assessment published

The Guardian - UK

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Driving to South America’s northernmost tip in Colombia

On the far north edge of Colombia there is a desert peninsula the size of Wales, where Arizona-like landscapes meet the sparkling waters of the Caribbean. Home to the indigenous Wayuu people, La Guajira is a place of great “beauty and strangeness”, said Ruaridh Nicoll in the Financial Times. The…

The Week

TikTok launches shopping platform to rival Amazon and Shein in major app change

'Trendy Beat' will offer products from viral videos such as clothing and even tools to remove ear wax

Liverpool Echo

TikTok to launch shopping platform to rival Amazon and Shein in major app change

'Trendy Beat' will offer products from viral videos such as clothing and even tools to remove ear wax

Nottingham Post

TikTok launching shopping platform to rival Amazon and Shein in major app change

'Trendy Beat' will offer products from viral videos such as clothing and even tools to remove ear wax

Wales Online

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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

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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The Guardian - UK

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

Roll Call

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.

Fortune

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.

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Laptop

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.

The Hindu

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 Independent UK

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 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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