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The Latest Breaking News from the Financial Times

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.

The Week

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

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

TechRadar

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.

Zenger

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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.”

Fortune

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.

Cinemablend

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…

Asharq Al-Awsat

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

Wales Online

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Stocks Settle Mixed Ahead of Mega-Cap Tech Earnings

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.24%. Stock indexes Monday drifted sideways and settled mixed. Lower...

Barchart

Arm reportedly wants to make its own chip to show off its designs

Arm is reportedly working on its own chip prototype that will show off the capabilities of the company's designs.

Windows Central

Spain drought could keep olive oil prices high

A drought in Spain, which is the largest producer of olive oil, is driving prices to record levels.

Fortune

Memory chips dominate South Korean president's visit to US

As South Korean President Yoon Suk-yeol heads to Washington for a visit, the Financial Times is reporting that the White House has asked Seoul to urge its chipmakers (Samsung Electronics and SK Hynix) not to fill the China shortfalls of US rival Micron in the event of a ban by…

France 24

At least 9 members of Congress sold bank stocks during turmoil, report says

WASHINGTON — At least nine members of Congress sold banking stocks before and during the market turmoil in March, the Financial Times reported.

Tribune News Service

Gareth Smyth obituary

Other lives: Political journalist who covered the Middle East for 30 years, from the UK and as the Financial Times’s chief Iran correspondent in Tehran

The Guardian - UK

BMW apologizes for ice-cream incident at Shanghai Auto Show

Social media users accused the carmaker of discrimination, with one hashtag attracting millions of views on Twitter-like platform Weibo.

Fortune

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Reason

US Regains Pre-Trump, Pre-Pandemic Immigration Levels

We owe this achievement to a combination of Covid vaccines and Biden Administration policy changes. But much more can be done.

Reuters

Ecuador's President Lasso vows to dissolve congress if it tries to impeach him -FT

Ecuador's President Guillermo Lasso said he will dissolve congress and call early elections if he does not muster enough support among legislators, the Financial Times reported on Tuesday citing an interview with Lasso.

The Guardian - UK

EY tells UK staff to expect cuts after breakup failure

‘Embarrassed’ bosses at accounting firm sound warning as global costs of failed split reach $600m

Reuters

Imran Khan says Pakistan will struggle to break out of cycle of debt repayments - FT

Pakistan will struggle to break out of a cycle of ongoing debt repayments without reform, former Pakistan Prime Minister Imran Khan told the Financial Times in an interview.

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Financial Times

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

The Guardian - AU

Norwegian company says TikTok data centre is limiting energy for manufacturing Ukraine ammunition

Head of Norwegian manufacturer Nammo says plans to increase production at its largest factory are affected by demands of nearby data centre

The Guardian - UK

Italian academic cooks up controversy with claim carbonara is US dish

Alberto Grandi also raises hackles with suggestion Wisconsin has most authentic take on parmesan cheese

Axios

Pushback grows over mental health impacts of social media

Social media companies are increasingly coming under fire for their role in fueling an epidemic of mental health crises among teens and children that have resulted in historically high rates of poor mental health, depression and suicidality.

Woman & Home

Kate Middleton achieves major new milestone: ‘She doesn’t just talk the talk, she walks the walk’

Catherine, Princess of Wales can now add published writer to her impressive resumé

Daily Record

Plans to raise State Pension age to 68 earlier than scheduled reportedly put on hold by UK Government

There had been widespread reports the rise to 68 would be brought forward from 2044 to the late 2030s.

Fortune

Swiss order Credit Suisse to suspend paying some bonuses

Credit Suisse had earlier written in an internal memo that it would pay outstanding bonuses as it tries to stick to "business as usual."

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