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Today News

13

Scottish power-sharing deal collapses over scrapped climate targets

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First minister Humza Yousaf says SNP will now govern ‘on our policy terms’ after ending coalition arrangement with the Greens

How TikTok’s Chinese owner tightened its grip on the app

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Insiders say ByteDance exerting increasing influence over platform despite US pressure over ownership

12

Micron secures $13bn in US support to expand chipmaking capacity

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Idaho-based memory chipmaker is latest beneficiary of funding from 2022 Chips Act

11

Canary Wharf offices lose £900mn of value

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Docklands financial estate secures backing from lenders for £550mn debt deal against backdrop of falling valuations

10

Barclays chief calls for return of UK equity risk culture

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British bank reports 13% decline in quarterly profits but still beats analysts’ expectations

09

Trading helps lift Deutsche Bank to highest quarterly profit in 11 years

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First quarter net income increased by 10% from a year earlier to €1.45bn

European commercial real estate deal making slumps to 13-year low

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Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to bite

08

Japan feels inflation heat from Fed’s ‘higher for longer’ shift

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Yen’s 34-year low against dollar complicates task for BoJ governor Kazuo Ueda a month after ending negative rates era

BNP Paribas bets on investment bank for growth despite bond trading blip

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Eurozone’s largest bank forecasts rise in full-year profits and revenues even as interest rates are expected to fall

The colonialist overtones of EU’s green trade crusade

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Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily deserve

07

Ukraine to increase long-range strikes in Russia, says UK defence chief

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Admiral Sir Tony Radakin tells the FT fresh military aid will help Kyiv reshape ‘difficult’ land fight against Moscow

The ambitions of China’s BYD stretch well beyond electric vehicles

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The company’s global plans range from solar modules and electric buses, trucks and trains to complex transport systems. But is it trying to do too much?

Sadiq Khan urges Labour to pursue UK-EU youth mobility deal

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London mayor tells FT that scheme would be ‘incredibly important’ for capital after Labour shunned proposal

Gazans vent anger against Hamas

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Dissent against Islamist group increases after six months of gruelling conflict with Israel

From state contracts to a dawn raid: how Europe turned on China’s Nuctech

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Security equipment supplier’s machines are widely used at borders around the continent under public contracts

Quant hedge funds enjoy bumper start to 2024

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Trend-followers profit from bets on rocketing cocoa price and against sinking yen

Tesla steers back towards cheaper cars

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Elon Musk seeks to appease the market after 40% stock slide

AI could kill off most call centres, says Tata Consultancy Services head

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Chatbots will soon take over much of the work of human agents, forecasts chief of Indian IT group

06

Sunak exposed over long NHS queues in Tory seats

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FT analysis underscores PM’s liability, with treatment lists twice as long as 2010 when the party came to power

Is Britain suffering from a ‘sick note culture’?

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Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solution

04

Meta proves AI hype has its limits

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Artificial intelligence is a multibillion-dollar project with no clear timeline for revenues

03

BHP proposes £31bn takeover of Anglo American in mining mega-deal

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Combination would bring together two of the industry’s largest companies as copper demand soars

02

Zuckerberg defends Meta’s AI spending spree as shares tumble

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Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidance

UK veterinary deal with EU could boost agrifood exports by 22%, study finds

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Since Brexit, food and drink industry has faced border checks on business with largest trading partner

Employers are using zero-hours contracts to cut wage bills, study finds

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Research by Resolution Foundation will increase calls for reform of UK workers’ rights

01

Jefferies boss sells $65mn in stock to buy a customer’s yacht

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Purchase shines light on wealth accumulated by longtime chief executive Rich Handler

Wednesday, Apr 24

00

McKinsey faces US criminal investigation over opioid industry work

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Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemic

Labour pledges to fully renationalise rail network

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Opposition says it will roll out reforms within first term if it wins UK general election

23

Columbia’s ‘Gaza encampment’ becomes centre of US stand-off

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Anti-Israel slogans echo across Ivy League quad as protests spread across the country

Spanish PM considers quitting as wife faces corruption investigation

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Pedro Sánchez says he will announce decision on his political future next week