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Automobiles
Pendragon owner to cut hundreds of jobs in used car overhaul
...The company had shifted strategy within the past decade to focus more heavily on used vehicles, after an increasing number of carmakers opted not to work with the business....
April 23, 2024
News in-depthEU-China relations
Europe turns on China’s Nuctech after decade of awarding security contracts
...Senior EU officials said they believed they have a strong case against Nuctech, with Tuesday’s dawn raids used as a last-resort measure to gather evidence in the probe....
April 25, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
UK banks
Iran used Lloyds and Santander accounts to evade sanctions
...PCC UK, Rejal and Fahimi did not respond to requests for comment. Lloyds Banking Group said it could not comment on individual customers but complied with sanctions laws....
February 5, 2024
Klarna AB
Klarna’s reclusive co-founder buys up shares using opaque structure
Jacobsson used right of first refusal to buy company stock and used veto rights to exercise influence despite leaving in 2012
March 9, 2024
Vinted
Second-hand fashion site Vinted posts first annual profit
...Our performance in 2023 was not only proof that we can deliver strong growth but that we are at the forefront of a market with huge potential,” said Thomas Plantenga, Vinted’s chief executive....
April 29, 2024
Letter
Letter: Dynamic pricing, or as we used to say ‘Happy Hour’
From Simon Herring, Walesby, Lincolnshire, UK
April 15, 2024
FT Live
Business Book of the Year Award 2024
The search for the best business book is under way
Monday, 9 December1 Grosvenor Pl, London SW1X 7HJ, UK
News in-depthMiddle East conflict
Military briefing: the Israeli missiles used to strike Iran
...Israel has not commented on the strike, as per its traditional policy of strategic ambiguity. The US has said it played no role....
April 19, 2024
The best books of the week
The Algorithm by Hilke Schellmann — why AI really is coming for your job
...But many of the problems Schellman finds are not intrinsically about the use of AI....
April 28, 2024
On Wall StreetJames Fontanella-Khan
US dealmakers forced to adjust as unions flex their muscles
...Dealmakers have long been used to activist hedge fund investors trying to force a company to break up, fire a chief executive or win over a board seat....
April 27, 2024
HTSI
Meet the weavers, knitters and designers recharging Ireland’s luxe economy
...“There are so many generations-old family factories and workshops in this area who used to export around the world,” says McKenna....
April 25, 2024
News updates from February 5: King Charles diagnosed with cancer, McDonald’s blames war on weak sales
Iran used Lloyds and Santander accounts to evade sanctions
...Iran used two of the UK’s biggest banks to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran’s intelligence services....
February 4, 2024
Aerospace & Defence
European defence groups warn over reliance on Chinese cotton used in gunpowder
...Cotton linters, a byproduct and a primary ingredient needed to produce nitrocellulose, are used in artillery shells and other explosives....
April 8, 2024
ReviewVisual Arts
Hidden Faces, Metropolitan Museum — Renaissance mysteries in lovers’ portraits
...Hidden Faces overflows with these virtuosic riddles, which contemporary viewers can savour, if not solve....
April 25, 2024
Correction
Correction: ‘Left Is Not Woke’
...Susan Neiman’s book is titled Left Is Not Woke, not Woke Is Not Left, as wrongly stated in a book review in March 23/24’s Life & Arts....
March 22, 2024
News updates from January 24: Joe Lewis to plead guilty in insider trading case, Microsoft passes $3tn market cap
US strikes three facilities in Iraq used by Iranian-backed militias
...The US military has struck three facilities used by Iranian-backed militias in Iraq in response to escalating attacks against US and coalition bases in Iraq and Syria, as the war between Israel and Hamas...
January 23, 2024
FT Live
Business of Art
Market shifts and future growth
Monday, 7 October180 Studios, London, UK
News updates from January 23: Turkey votes for Sweden’s Nato bid, Netflix adds 13mn new subscribers
US strikes three facilities in Iraq used by Iranian-backed militias
...The US military has struck three facilities used by Iranian-backed militias in Iraq in response to escalating attacks against US and coalition bases in Iraq and Syria, as the war between Israel and Hamas...
January 23, 2024
TikTok Inc
US Congress approves bill banning TikTok unless Chinese owner sells platform
...“At the end of the day, they’ve not seen what Congress has seen....
April 24, 2024
ExplainerNuclear proliferation
How could nuclear weapons be used in space?
...Even the existence of such a device might have a deterrent effect, whether it was ever used or not. “The US military uses space in a very effective way,” Acton said....
February 25, 2024
Artificial intelligence
Speed of AI development stretches risk assessments to breaking point
...That used to take a couple of years; now it’s a couple of months.”...
April 10, 2024
Jemima Kelly
In remembrance of Davos times past
...I’m not altogether convinced....
January 17, 2024
LexReddit Inc
No, Reddit is not a meme stock Premium content
...An IPO price of $34 a share is a sizeable step down from the $61.79 per share that Reddit used in a September 2021 convertible stock offering....
March 21, 2024
Post Office Ltd
Ex-Post Office chair accused of using ‘offensive’ term about job candidate
...I understand that the term I used has now fallen out of favour and is one I will not use again.”...
April 18, 2024
Newsletter
Philosophy class: It’s not only AI that hallucinates
...Consider the role of memory in knowledge (do you know something if you do not remember it?)...
April 28, 2024
UnhedgedRobert Armstrong
UK stocks are not all that cheap Premium content
...The three curses overlap to an important degree (many of the biggest stocks are growth stocks, and so on), but not entirely....
March 25, 2024
Q&AThe Questionnaire
Adele Parks: ‘I like drinking champagne and margaritas, although not at the same time’
...He wasn’t used to bathing me or my sister, consequently the entire experience was fraught....
April 15, 2024

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