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...In 2020 my wife, Natali Husić, and I were in Washington without a place to live when we discovered the Fairmont Hotel. We negotiated a price and stayed for seven months, a fascinating experience....
...A certain kind of functional menswear has always offered a bounty of pockets. To construct them well is tricky, essentially adding a garment to a garment....
...There will be a restaurant with a menu incorporating local ingredients, a museum, and a workshop focused on significant Brazilian crafts....
...the FRC.The disclosure of accounting errors forced M&C Saatchi to adjust its headline profits before tax by £14mn and its statutory pre-tax profits by a total of £28.1mn for 2018 and previous years....
...French nuclear operator EDF has booked a €12.9bn impairment on its delayed Hinkley Point C reactor project in Britain as it negotiates with the UK government over the long-term financing for its planned...
...Among the failings on the M&C Saatchi audit, the FRC said KPMG did not apply sufficient professional scepticism over a client payment that increased revenues by £1.2mn....
...The company’s main creditor Korea Development Bank said on Friday that Taeyoung E&C, a subsidiary of the Taeyoung Group, applied for a debt workout last month with creditors, raising fears of a repeat of...
...Canadian insurance group Manulife has announced a C$13bn ($9.6bn) reinsurance deal with KKR’s Global Atlantic, freeing up C$1.2bn of capital that the Toronto-based insurer intends to return to investors...
...I wanted a collection that was decadent but could work in a small flat in London as well as a stately home.”...
...status as a financial centre....
...Introducing Money Clinic’s Five Minute Investor, a miniseries hosted by Claer Barrett, the FT’s consumer editor....
...For now, C’è Ancora Domani looks set to remain a rallying point for Italy’s unfinished gender revolution....
...When a company is sold there tends to be a standard playbook: There’s some tough negotiations. Then, the buyer gets a business and the seller gets a check. Everyone’s happy....
...Where better to form a business under the name of a loved one rather than your own?...
...Read a transcript of this episode on FT.com...
...A former S&C partner, Ryne Miller, was FTX US’s general counsel....
...The only other proposed large UK nuclear power station will be a near copy of Hinkley Point C at Sizewell in Suffolk....
...M&C Saatchi: Shares in the British marketing agency slipped 2.3 per cent after its full-year results showed a 2 per cent fall in revenues and a 10 per cent drop in profit before tax....
...Along with Hinkley Point C, which EDF is already building in Somerset, the plant would provide a crucial “baseload” as the country transitions to net zero with a growing proportion of intermittent renewable...
...Samsung C&T trades at a discount of more than 50 per cent on its net asset value. The South Korean government is keen to replicate Japan’s success in raising stock valuations....
...(Of that, Giammetti says: “Gianni Agnelli was a friend of ours; he was a great charmer and fond of light-hearted jokes....
...Rolex Explorer 1016 (c 1963) Shteyngart wore this vintage Rolex during a food tour of Montreal, one of his last trips with a friend who has since died from cancer....
...But a question remained: why did H2O — whose very name was a nod to the importance of liquidity — pour its investors’ money into illiquid assets linked to a racy financier with a criminal past?...
...“We’re confident we can find a pathway with British authorities on Hinkley Point C and Sizewell,” Rémont told a news conference....
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