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CIA chief made secret visit to China in bid to thaw relations  (9 hours old)

Bill Burns’ trip last month was most senior to Beijing by Biden administration official

Musk and Dimon lead corporate charge to Beijing as ties with US fray (10 hours old)

China courts global business leaders in push to boost confidence in economic recovery

How the US is deepening military alliances in China’s backyard (1 day old)

The Biden administration is stepping up security initiatives to boost deterrence and better prepare for potential conflict over Taiwan

Saudi Arabia’s ‘prickly prince’ of oil bristles as crude price slides (3 hours old)

Barring of journalists from this weekend’s Opec+ meeting underlines Prince Abdulaziz’s tempestuous reputation

Inflation back at the top of the fear list for worrywart investors  (3 hours old)

Washington’s deal on borrowing is a rare jolt of good news in a difficult year

Crypto addiction creates doubts over how to regulate digital trading (2 hours old)

Debate over whether sector should come under scope of financial services or be treated like gambling

Wall Street stocks rally after jobs data point to robust US economy (2 hours old)

S&P 500 hits nine-month high as Congress passes debt ceiling bill

Six Glazer siblings to retain Man Utd stakes under Ratcliffe offer  (1 hour 53 minutes old)

Billionaire seeks enough B shares to take control in a years-long phased takeover of club

Women’s football prepares for record-breaking Champions League final (8 hours old)

This weekend’s showcase final is a sellout but making the game commercially sustainable remains daunting

© Copyright The Financial Times Ltd 2023. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Business | The Guardian

British energy developers to be told: speed up projects or leave queue for grid (8 hours old)

Move expected to help reduce waits of up to 15 years to connect solar power installationsBritain’s electricity system operator will tell energy developers to get on with their projects or get out of the queue for a grid connection as it struggles to manage the growing backlog of delayed green energy projects.The ultimatum is expected to help speed up the 10- to 15-year wait for a grid connection, which is holding back billions in green investment and threatens to derail the UK’s progress towards its climate targets. Continue reading...

US jobs market remains strong despite high interest rates and debt ceiling fight (10 hours old)

US adds 339,000 jobs in May, surpassing forecasts, as unemployment rate increases slightly to 3.7%High interest rates, a recent banking crisis and Washington’s fight over the debt ceiling may have shaken the US economy recently, but the US jobs market continues to show signs of strength.The US Bureau of Labor Statistics (BLS) reported 339,000 jobs were added in May, surpassing forecasts that predicted the increase would be approximately 190,000 jobs and a sign of continued growth from the jobs market despite the Federal Reserve’s continuing efforts to cool the economy. Growth in the labor mark[...]

‘Once in a lifetime’: top chefs team up for £633 ‘four hands’ banquet in London (11 hours old)

Michelin-starred Wolfgang Puck and Alain Ducasse join forces to create one-off ‘last supper’ for diners at Park Lane hotelFor the super-rich, it appears, one world-famous Michelin-starred chef is no longer quite enough to make a memorable meal. Wealthy gastronomes are increasingly asking high-end restaurants and hotels to host so-called “four hands” dinners in which pairs of renowned chefs team up to create collaborative set-course meals.Next Wednesday, 60 diners will sit down to a “glorious four-hands banquet” created by the pioneering French chef Alain Ducasse in partnership with Wolfgang Pu[...]

Elan Closs Stephens appointed acting chair of BBC (11 hours old)

Corporation board member to assume role from 27 June after resignation of Richard SharpUK politics live – latest updatesProf Dame Elan Closs Stephens, a politically neutral expert on broadcasting regulation, has been appointed as the acting chair of the BBC after the Conservative donor Richard Sharp resigned from the position over a perceived conflict of interest in a secret loan arrangement for Boris Johnson.Sharp stepped down as chair of the corporation in April, after being found to have broken rules by failing to disclose at the time of his appointment that he played a role in helping the [...]

Purplebricks’ £1 sale to rival Strike backed by shareholders (10 hours old)

Investors also vote to delist firm from London’s junior market and change name to Bricks Newco plcShareholders in Purplebricks have voted overwhelmingly to sell the online estate agent for only £1 to Strike, a competitor backed by the telecoms tycoon Sir Charles Dunstone.In a vote held on Friday, 91% of the votes were cast in favour of the deal, which was recommended to investors by the board last month. Continue reading...

HSBC increases interest rates on some savings accounts (7 hours old)

Rises of up to 0.75 percentage points follow increases at First DirectCustomers of HSBC will receive a boost to their savings after the bank announced an increase to interest rates, as Britons enjoy some of the highest rates in more than a decade.The lender is increasing rates on some of its savings accounts, with increases of up to 0.75 percentage points. Continue reading...

Twitter’s head of trust and safety resigns in latest high-profile departure (5 hours old)

Ella Irwin oversaw content moderation at the struggling social network, which has been plagued with woes since Musk’s takeoverTwitter’s head of trust and safety, Ella Irwin, has resigned from the company, marking the latest high-profile departure from the struggling social network since Elon Musk acquired it in October.Irwin confirmed her departure to news outlets on Thursday but declined to comment further. Fortune earlier reported that Irwin’s internal Slack account appeared to have been deactivated. Continue reading...

Fiat seeks incentives from UK for motorists to buy electric vehicles (12 hours old)

Key subsidy scrapped last year, and carmaker says growth in sales has tailed off in BritainBusiness live – latest updatesFiat has called on the government to boost incentives for British motorists to buy electric vehicles, after warning that growth in UK sales of the vehicles has tailed off after a key subsidy was scrapped last year.Writing in an open letter to the government, the car manufacturer said other countries around the world were providing more support for the transition to electric vehicles and argued more action was required in Britain. Continue reading...

An ‘unbelievable deal’? The $200m mansion reportedly bought by Beyoncé and Jay Z (4 hours old)

40,000 sq ft manor overlooking the Pacific Ocean in Malibu is thought to be California’s most expensive home everWith its steep green cliffs overlooking the Pacific Ocean, Malibu is a top contender in America’s ultra-luxury real estate market. Its rise in the rankings of the favorite spots of the super-rich was solidified again in past weeks, with reports that Beyoncé and Jay-Z purchased a 40,000 sq ft oceanfront mansion in the coastal enclave.TMZ first reported that the star couple had snapped up a modernist mansion designed by the celebrity Japanese architect Tadao Ando. With a sale tag of $[...]

RMT strike in England begins two days of rail disruption (18 hours old)

Half of services on affected lines cancelled on Friday with only 40% of trains set to run on Saturday during Aslef industrial actionWhich trains will run on Friday and Saturday in Great Britain?More than 20,000 rail workers in England have begun a 24-hour strike that will cancel half of the services on affected lines as part of a long-running dispute with train operators over jobs, pay and conditions.The stoppage by the National Union of Rail, Maritime and Transport Workers (RMT) – the second of three by rail unions to hit the network this week – will affect most operators in England and some [...]

Guardian News and Media Limited or its affiliated companies. All rights reserved. 2023


How Taiwan became the indispensable economy (2 days old [31/05/23])

Fearing a potential conflict in Asia, western companies are looking to move production out of Taiwan. But turning away from the self-ruled island will come at a high price for manufacturers

Telecoms companies take first steps on emissions cuts (3 days old [30/05/23])

The sector’s switch to renewable energy is a good start — but the supply chain accounts for most of its carbon footprint

Can the UK’s telco giants course correct? (4 days old [29/05/23])

BT and Vodafone have unveiled large job cuts, but investors await evidence they can prosper

Sky to cut hundreds of jobs in shift from satellite TV  (6 days old [27/05/23])

Move follows sweeping restructuring plans announced by rivals including BT and Vodafone

Energy stocks: first, select your shade of green (7 days old [26/05/23])

Diversified SSE powers on despite the energy crisis

Portugal paves way to a Huawei ban on country’s 5G network (7 days old [26/05/23])

Lisbon’s new security assessment could deal blow to Chinese telecom equipment group’s ambitions in Europe

Ofcom allows BT’s Openreach to lower prices despite fierce pushback (9 days old [24/05/23])

New model for clients including Sky, TalkTalk and Vodafone not a threat to competition, regulator says

BT: dealmaker Drahi’s unlikely reinvention as yield investor (10 days old [23/05/23])

UK would probably block full purchase of the telecoms group by a debt-heavy foreign buyer

Patrick Drahi’s Altice lifts stake in BT to almost 25% (10 days old [23/05/23])

Billionaire raises holding from 18% but says he has no plans to make an offer for UK telecoms company

BT/UK broadband: jobs cuts will arrive only in the best of possible worlds (15 days old [18/05/23])

The telecoms operator says it will shed 55,000 staff by 2030, but investors quickly see through the latest plan

© Copyright The Financial Times Ltd 2023. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Technology sector

AI has given Palantir its mystique back  (3 hours old)

The company, which trades in doom-laden warnings, may have found the crisis it was looking for

Facebook to block news for some users in Canada (9 hours old)

Social media platform’s parent company Meta seeks to deter law forcing online groups to pay publishers and broadcasters for content

Rocket Internet backs away from start-up investing in tech downturn (18 hours old)

Oliver Samwer quietly transforms one of Europe’s most aggressive VC firms into a more conservative investment house

AI will create ‘more losers than winners’ even as Nvidia soars (18 hours old)

Big investor says chipmaker will be among handful of tech groups to drive stocks higher

CrowdStrike: slowing growth makes for cyber insecurity  (22 hours old)

Group has growing customer base and emerging profits, but the threat from Microsoft looms

Apple’s mixed reality headset is a hedge against disruption  (1 day old)

Virtual world venture makes sense ahead of a technology revolution that could threaten the iPhone empire

Musk’s SpaceX wins Pentagon contract for satellite in Ukraine (1 day old)

The Starlink internet service is vital for Ukraine but the billionaire has expressed concerns about its military use

Meta unveils new virtual reality device ahead of Apple headset launch (1 day old)

Chief Mark Zuckerberg teases new Quest 3 product as tech group continues to develop metaverse ambitions

Beware ‘death by GPT syndrome’ (1 day old)

Generative AI has uses for the legal and health professions but is also a trap for the unwary

Taiwan’s supply chain centrality and Nvidia’s ‘rock star’ CEO (1 day old)

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

© Copyright The Financial Times Ltd 2023. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

BBC News - Business

Train strikes prompt sports fans to set off by bus (9 hours old)

Fans making their way to the FA Cup final and the Epsom Derby start their alternative routes

Train strikes: How Saturday's walkout will affect you (6 hours old)

What you need to know about the walkout by Aslef train drivers, by the BBC's Zoe Conway.

Train strikes: When are they and why are they taking place? (1 hour 31 minutes old)

Train drivers walk out on Saturday, after a week of stoppages by both Aslef and the RMT.

Offer made to civil servants in bid to end strikes (6 hours old)

Unions say the government has offered staff below senior grades a lump sum of £1,500.

Strong job gains in US add to economic puzzle (7 hours old)

Employers defy predictions of a slowdown by hiring 339,000 workers, far above expectations.

Senate passes US debt ceiling deal, averting a US default (19 hours old)

President Joe Biden will now sign the measure into law, staving off worldwide economic chaos.

Do train strikes still have any impact? (15 hours old)

Rail workers have walked out on the 29th day of industrial action but are travellers adapting?

Elon Musk's Twitter loses second trust and safety chief (12 hours old)

Ella Irwin is the second person to leave the role since Mr Musk bought Twitter in October 2022.

British Airways fined $1.1m by US government (1 day old)

The US says the airline did not "provide timely refunds to passengers" during Covid.

Debt advisor referral fees banned by regulator (23 hours old)

The FCA is banning fees that debt advisors receive for referring people to debt solution companies.

Copyright: (C) British Broadcasting Corporation, see http://news.bbc.co.uk/2/hi/help/rss/4498287.stm for terms and conditions of reuse.

UK equities

How to be a contrarian investor (18 hours old)

Following the herd is just one of our cognitive biases

London brokers braced for shake-up as equity market languishes  (18 days old [15/05/23])

Dearth of IPOs forces industry to consolidate and look to expand its sources of revenue

UK equities: changing of the guard as new king takes over (26 days old [07/05/23])

Today’s markets share strong similarities with those at the time of the late Queen’s coronation 70 years ago

UK investors sound alarm over London exchange rule changes (30 days old [03/05/23])

Shake-up would dilute investors’ voting rights and leave them exposed to riskier stocks, say fund managers

The investment dangers lurking beneath (35 days old [28/04/23])

How can we tell where the next crisis will erupt?

Chips with everything — but UK manufacturers are scarce (42 days old [21/04/23])

Could small semiconductor groups be worth a punt for investors?

GKN automotive business falls 20% on first day of London trading  (43 days old [20/04/23])

IPO in London comes as market struggles to compete with global rivals

London stock market ‘not a very attractive place’, warns IHG chief (51 days old [12/04/23])

Keith Barr’s comments come as several large companies desert London

UK is global equity markets ‘backwater’, Nick Train warns  (63 days old [31/03/23])

Top fund manager defends pension funds’ retreat from London-listed stocks

UK stock market: A glimmer of light? (63 days old [31/03/23])

After years of underperformance, exacerbated by Brexit, could shares see a re-rating?

© Copyright The Financial Times Ltd 2023. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.


The frictionless life goes on (1 hour 54 minutes old)

Deglobalisation is hardly inconveniencing me at all

Kylie and the key to pop immortality (1 hour 54 minutes old)

Forget about relevance — just be reliable

Premier League’s pay-TV model is on borrowed time  (2 hours old)

The first tender for broadcast rights in six years will test demand as costs for UK consumers have continued to soar

Inflation back at the top of the fear list for worrywart investors  (3 hours old)

Washington’s deal on borrowing is a rare jolt of good news in a difficult year

AI has given Palantir its mystique back  (3 hours old)

The company, which trades in doom-laden warnings, may have found the crisis it was looking for

Coinbase: waning retail trade keeps platform in the doldrums (5 hours old)

Shares in crypto exchange have jumped this year but investors are getting ahead of themselves

The world’s public debt problem (5 hours old)

Governments around the globe can no longer duck the hard choices needed to tame borrowing

Vaping as a cure for smoking has brought its own ills (5 hours old)

Marketing attractive nicotine products to children risks a whole generation’s health

Summer of loveliness: bedding plants that promise masses of blooms (6 hours old)

Even for latecomers to bedding out, these varieties will provide a season-long profusion of flowers

Every big business needs its own Chief Political Officer (7 hours old)

Rolling crises have ensured that government relations is no longer a backwater department

© Copyright The Financial Times Ltd 2023. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.