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Today News

07

John Lewis: can kinder capitalism compete in ruthless retail? | FT Film

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The much-loved UK department store has struggled to adapt in a tough world of online retail

UK households cut back on beer, meat and domestic appliances after prices surge

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FT analysis of official data points to impact of cost of living crisis on consumption

Campus protests become a political liability for Biden and the Democrats

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Unrest amplifies splits in the party over the Gaza conflict and gives Republicans new fodder for campaign attacks

Jay Powell’s dilemma: the US economy is too strong to cut rates

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Sticky inflation means the Federal Reserve less likely to reduce borrowing costs before November election

US nears completion of $320mn floating pier for Gaza aid

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Project aims to get around Israeli politics and bureaucracy that prevents goods reaching the besieged strip

Italy’s far-right leader Salvini fights for political survival

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League head called ‘an egoist’ as party activists revolt and defect ahead of EU elections

Marc Puig, the beauty boss giving his family wealth instead of power

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Spanish group Puig is aiming for top-of-the-range €14bn valuation when it lists this week

FCA boss ‘not convinced’ private equity poses systemic risk

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Nikhil Rathi warns against ‘overkill regulatory mode’ as Bank of England warns of bubble

Big Shell investors urge others to back greater climate action

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The shareholders say meeting the Paris Agreement goals is ‘essential to preserve the health of the global economy’

New loans for UK commercial real estate hit historic low

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Lenders and owners focus on refinancing as they grapple with falling property values and higher debt

£150mn of NHS England dental budget unspent amid recruitment crisis

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Dentists says ‘punitive targets’ under NHS contract system are stifling delivery across the country

Berkshire after Buffett: the risk ‘genius’ pulling the insurance strings

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Ajit Jain, 72, leads the insurance arm that underpins the conglomerate but presents his own succession challenge

06

Rishi Sunak’s political fate hangs on results of local elections

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Conservative MPs await voters’ verdict in more than 2,600 council seats and eleven mayoralties in England and Wales

02

Uber faces £250mn lawsuit from London’s black-cab drivers

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Legal action set to revive long-simmering battle between US ride-hailing giant and UK capital’s taxi trade

01

Ex-Pioneer boss to be barred from ExxonMobil’s board by US regulator

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FTC expected to raise concerns over Scott Sheffield’s messages with Opec as it moves to approve $60bn deal

Wednesday, May 1

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UCLA cancels classes as clashes over Gaza war spread across US campuses

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New York City mayor blames ‘outside agitators’ for escalating protests at Columbia University

23

Cruise line Viking has buoyant debut in year’s second-largest US IPO

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Company backed by TPG rises 9% on first day to bolster hopes for private equity exits

Embraer explores options for aircraft to rival Airbus and Boeing

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Brazilian aerospace group studies plans for narrow-body passenger plane or long-range business jet

Donation to Welsh first minister should be probed, says Rishi Sunak

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But motions criticising Vaughan Gething are defeated in the Cardiff Senedd

Trade unions warn Labour to honour pledges to boost UK workers’ rights

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Promise of hostile reaction to any dilution of ‘New Deal’ as party prepares to water down proposed reforms

22

Harvey Weinstein will be retried after rape conviction overturned

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Disgraced film mogul’s conviction in New York had been thrown out on appeal

Fed chair Powell signals that rates will remain higher for longer

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US central bank says there has been a ‘lack of further progress’ towards 2% inflation goal

Georgia cracks down on pro-EU protesters in Russia pivot

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Clashes come after rare appearance by ruling party founder Bidzina Ivanishvili criticising the west

21

Antony Blinken tells Israel and Hamas that ‘time is now’ for a deal

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Secretary of state says militant group must accept latest proposal but reiterates US opposition to Rafah offensive

Interest earned by big UK high street banks on BoE reserves surges to £9.2bn

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MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumers

20

UK Home Office detains asylum seekers destined for Rwanda

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‘Large-scale’ operation in anticipation of first removals to Kigali comes as civil service union seeks judicial review

US includes Chinese groups in sanctions over aid to Russian military

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Latest measures come as Washington steps up support for Ukraine

Scotland’s government survives no-confidence vote

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Seventy MSPs vote against Labour leader Anas Sarwar’s motion, with 58 voting in favour