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Today News

17

Nike shares jump after sportswear maker replaces chief executive

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Oregon-based company brings in retired executive Elliott Hill to turn around its performance

16

‘Big Short’ fund manager Eisman says he is ‘celebrating’ Gaza destruction

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Famed investor subsequently apologises and deletes account on X

Israel challenges ICC prosecutor’s call to arrest its leaders

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Officials say court lacks jurisdiction in case against Benjamin Netanyahu and defence minister

Angela Rayner refuses to give details of donations from Waheed Alli

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UK deputy prime minister is one of 7 Labour cabinet ministers who received donations and gifts from peer before election

Michael Jackson estate says accuser is trying to extract $213mn

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The King of Pop’s legacy has generated $3bn since his death but remains overshadowed by child sex abuse claims

15

MPs call on UK government to probe VW’s supply chains

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Move follows FT report on an audit clearing the carmaker of forced labour at its Xinjiang plant

14

Investors pile into OpenAI’s $6bn funding round in unprecedented bet

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Venture groups believe ChatGPT-maker will eventually be the world’s dominant AI company and worth trillions of dollars

Super-producer Jack Antonoff: ‘Don’t make anything you wouldn’t die for’

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The musician on his world-beating Taylor Swift collaboration, and why the music industry is ‘scam after scam’

Von der Leyen announces €35bn EU loan to Ukraine

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European Commission president says Kyiv can use money to fund its military in defence against Russian aggression

13

Trafigura set to name Richard Holtum as chief executive

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Trading house to announce as early as next week that head of gas, power and renewables will succeed Jeremy Weir

Can cricket replicate the success of the Indian Premier League?

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The franchise has inspired a flurry of fast-paced competitions designed to draw in untapped audiences, but the field is getting crowded

How sabotaged devices brought days of chaos to Lebanon

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Shock, strange injuries and a powerful militant group in disarray: the impact of thousands of pager and walkie-talkie blasts

Elon Musk’s Starlink faces legal vulnerabilities in Brazil after X ban

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Billionaire’s satellite service is considered vital in remote areas but is coming under new scrutiny in Latin American country

Is the party over for Tupperware?

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The pillar of the direct-sales industry sought bankruptcy protection this week

Ethereum co-founder says partisanship will block Trump crypto plans

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Charles Hoskinson warns the former president’s proposed new digital assets platform could politicise the industry

12

The Big Question: when should workers gain full employment rights?

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This week, the FT wants to know your view on Labour’s plan for workplace reforms in the UK

Fatal stabbing of 10-year-old rattles Japanese community in China

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Spate of attacks reignites concern among expatriates and companies about anti-Japanese sentiment

The dodgy details of private equity’s ‘dividend recaps’

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The impact of leveraged payouts examined

Nato chief warns EU against setting up ‘competing’ force

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Jens Stoltenberg says bloc should not duplicate efforts with US-led military alliance

11

Mercedes-Benz shares fall after profit warning

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German carmaker lowers full-year outlook on weakness in Chinese demand

Why half of voters think Labour has done a poor job so far

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Dodgy donations, infrastructure challenges and anticipation of October’s ‘painful’ Budget weigh on party’s approval ratings

UK government borrowing overshoots in blow to Reeves

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Public debt hits 100% of GDP in August as chancellor prepares for first Budget

08

Europe is failing to protect Ukraine’s energy grid, says IEA head

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Also in this newsletter: 20 EU member states call for deregulation

Bank of Japan holds interest rates and upgrades consumption outlook

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Japanese central bank’s hawkish move last month contributed to stock market sell-off and yen ‘carry trade’ collapse

07

Young women are starting to leave men behind

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Men’s education deficit is increasingly becoming an employment, earnings and outcomes gap, with significant repercussions

Amazon says workers need to be in the office. Most of Silicon Valley disagrees.

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Chief executive Andy Jassy brushes off disgruntled staff with tough five-day office mandate

The Post Office should become humbler and slimmer

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State-owned company that prosecuted postmasters needs to cut costs and offer better rewards

Jenrick accuses UK Treasury of ‘gaslighting’ over benefits of migration

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Tory leadership frontrunner says GDP figures ‘juiced up’ by arrivals