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Today News

10

British Airways owner IAG predicts summer boom as profits climb

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Demand from holidaymakers powers airline group despite weakness in Asia

09

Baidu’s ‘I’m not your mum’ executive has left tech company

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PR head at Chinese search giant sparked backlash after posting social media videos demeaning staff

UK exits recession with 0.6% first-quarter growth

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Above expectation GDP figure is a boost for Sunak ahead of general election

07

Calpers weighs vote against Exxon CEO in protest over climate lawsuit

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Largest US pension plan says oil supermajor is seeking to muzzle activist shareholders

Trump donors warm to Marco Rubio as running mate

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Florida senator who ran for Republican nomination in 2016 gains momentum among donors in contest to join 2024 ticket

The smuggling trail keeping Russian passenger jets in the air

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Sanctions have caused imports of spare parts to collapse. But airlines have found new ways to get components into the country

How to get big numbers when predicting AI’s effect on growth

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Consider its scale, scope and speed

Are modern media incentives distorting our sense of the economy?

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A new study adds to the evidence that competition for eyeballs may be warping our sense of the world

Mubadala’s $3bn Fortress deal clears crucial US regulatory hurdle

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Foreign investment committee authorises sale after concessions on data and day-to-day control

Magic city undercover

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At the height of the US War on Drugs a trio of remarkable women led the greatest anti-money laundering operation in American history against the Medellín Cartel — and won

When your smartphone tries to be too smart

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Modern devices may seem simple and easy to use, whereas they are in fact fantastically complicated

‘There’s money everywhere’: Milken attendees look for dealmaking revival

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Packed finance event highlights a power shift to the Middle East and warier views on China

BBVA’s Carlos Torres, the banker going hostile on TSB owner Sabadell

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Chair of Spain’s third-biggest lender has come under fire for his €12bn attempt to buy Catalonia rival

06

Does going private hurt the NHS?

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Experts are divided on whether the shift towards private care is good or bad for the public health service in the long term

05

Poor-sighted Indian bird flies into row over power lines in desert

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Supreme court expected to reverse measures designed to protect endangered bustard from development

03

Chinese competition a ‘defining challenge’ for EU companies

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European businesses in China say profits hit by weak demand and increasingly sophisticated local rivals

Big Tech regulatory crackdown spreads to Asia and Australia

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Tokyo, Seoul and Canberra follow EU and US in trying to rein in dominance of Apple and Google

01

Apple apologises after crushing backlash to iPad advertisement

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New campaign depicting instruments and artistic tools being destroyed will not air on TV after criticism

Thursday, May 9

00

Nadhim Zahawi’s lawyer at risk of sanction over alleged use of ‘Slapp’

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Case marks first referral of such an allegation to the Solicitors Disciplinary Tribunal

23

Anglo’s South Africa investors open to improved BHP bid

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Stance defies government hostility to plan that would break up national champion

22

Todd Boehly’s investment house in advanced talks to buy private credit firm

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Eldridge Industries seeks to acquire Hayfin Capital Management in €1bn-plus deal

21

Xi Jinping upgrades China’s ties with Hungary to ‘all-weather’ partnership

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New description for relationship ‘for the new era’ comes as Viktor Orbán offers steadfast support for Beijing in the EU

Shipbuilder Fincantieri strikes underwater defence deal

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Italian state-controlled group acquires underwater missile and sonar business from Leonardo

Netanyahu reacts with defiance to US warning over Rafah

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Coalition allies say operation against Hamas must continue despite Washington’s stance on arms flows

Protests should be banned near UK defence and energy sites, review concludes

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John Woodcock says ‘criminal sabotage causing enormous damage’ to defence manufacturing and energy sector

20

Xi Jinping’s unproductive European tour

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China’s president gave few concessions and signalled his authoritarian worldview

UK shelves plan for country’s biggest hydrogen home heating trial

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Government decision to stop the project is a blow to efforts to use the gas in the move to net zero

Jeff Zucker expresses regret over failed Telegraph deal

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RedBird IMI boss says Spectator magazine could have been acquired separately