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Western business, the Kremlin and the war
Raiffeisen Bank trumpets Russia growth plans in dozens of job ads
...The number of staff working in sales had shrunk since Russia launched its war on Ukraine and would continue to do so, the bank said....
April 16, 2024
Apple Inc
Apple reaches $490mn settlement over Tim Cook’s China demand comments
...The investors suing Apple claimed that Cook had downplayed concerns about China, citing a “strong” recent quarter in the region....
March 15, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Apple Inc
Tim Cook praises China’s ‘critical’ role in Apple’s business
...Cook’s visit comes amid tumbling sales in China, which contributed $21bn to Apple’s top line in the fourth quarter, or 17 per cent of sales....
March 21, 2024
Style
For runners, marathons have become the new ‘fashion weeks’
...“Mixing congratulations and high vibes with drink and music with shopping always gives a bump in sales,” says Pruzan’s Copithorne....
April 17, 2024
News in-depthApple Inc
Apple’s Vision Pro will test Tim Cook’s legacy as an innovator
...Taking the minimum price tag, this would equate to roughly $1.4bn in sales, minuscule compared with the $200bn in iPhone sales in the year to the end of September....
February 1, 2024
Apple Inc
Apple loses smartphone crown to Samsung as Chinese rivals gain ground
...Tim Cook, Apple’s chief executive, is visiting Vietnam this week as the iPhone maker plans to increase its supply chain there....
April 15, 2024
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
Apple Inc
‘Apple is going to war’: US lawsuit adds to iPhone maker’s antitrust woes
...As the US unveiled the lawsuit on Thursday, chief executive Tim Cook was in Shanghai for a public relations offensive....
March 22, 2024
Apple Inc
Apple’s revenue growth clouded by worries about China slowdown
...Chief executive Tim Cook on Thursday credited the solid earnings report to iPhone sales, which rose 6 per cent to $69.7bn, and an “all-time revenue record in services”, as the number of active Apple devices...
February 2, 2024
Shipping
Russia’s ‘dark fleet’ rejects navigators for perilous Danish straits
...involved in a minor collision in the Danish Straits en route to Russia, heightening scrutiny of the risks the so-called “dark fleet” is taking as Moscow attempts to bypass western restrictions on its oil sales...
March 22, 2024
Style
On, the sports shoe disrupter hotfooting it towards leisure
...Nike’s overall sales (encompassing all its sports categories, not just running) rose 10 per cent, to $51bn — but, in December, the company lowered its outlook of sales growth for 2024 to 1 per cent, and...
January 30, 2024
FT MagazineThe Guide to Good Meat
The butchery counters of different food cultures — a chefs’ guide
...Kosher butchers are closed on Friday afternoons and Saturdays for Shabbat but open on Sundays.Silvia Nacamulli, author of Jewish Flavours of Italy: A Family Cookbook Chinese The list of goods for sale...
March 23, 2024
News in-depthApple Inc
Apple parks its electric car project in sign of EV industry’s struggles
...Even China’s BYD, which has overtaken Tesla in EV sales, had a legacy making engine cars....
February 28, 2024
InterviewThe CEO
De Beers chief Al Cook seeks to restore allure of diamonds
...Already, Cook has had to keep his cool to seal a years-long negotiation with the Botswana government over a sales agreement and mining licence as the African country’s president threatened to walk away....
December 19, 2023
News in-depthApple Inc
China’s love affair with Apple and Tesla hits rocky patch
...Chief executive Tim Cook last month told analysts he remained “very optimistic about China over the long term” and blamed part of the decline on a stronger dollar....
March 10, 2024
War in Ukraine
Moscow imports a third of battlefield tech from western companies
...Analog told the FT that it had ceased all sales into Russia and Belarus, “instructed all of our distributors to halt shipments of our products into these regions” and that “any post-sanctions shipment into...
January 11, 2024
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
LexNetEase Inc
‘World of Warcraft’ return to China will bring peace to NetEase investors Premium content
...Analysts estimate that NetEase, as the publisher of Blizzard games in China, made as much as 5 per cent of its total sales from Blizzard games before the partnership was terminated....
April 13, 2024
News updates from October 17: 2-year Treasury yields hit 17-year high, Rolls-Royce to axe more than 2,000 jobs
Tim Cook visits China gaming event weeks after reports of Apple bans
...China was responsible for nearly 20 per cent of Apple’s sales in its most recent quarter....
October 17, 2023
Mondelez International Inc
EU set to fine Oreo maker Mondelez for blocking cross-border sales
...US confectionery giant Mondelez will be fined millions of euros as early as next month for restricting sales of its products between EU member states, according to three people with direct knowledge of the...
April 16, 2024
Luxury goods
Diamonds lose sparkle in China amid property woes and marriage drought
...“It’s the people who bought a flat or house in China who would aspire to buy a diamond,” Cook said....
March 15, 2024
Lex PopuliPersonal Finance
Athleisure shares appear out of shape
...Lululemon’s sales in mainland China were up 60 per cent year on year in the latest quarter on a constant currency basis, and now make up nearly a tenth of total sales....
March 29, 2024
Inside BusinessRichard Waters
Apple’s slow-burn approach to products
...It arrives to unusually low sales expectations for a landmark product from a company with a reputation for defining important new consumer tech markets....
January 25, 2024
Apple Inc
Apple to sell Vision Pro in US next month
...Tim Cook, Apple’s chief executive, on Monday called the headset “the most advanced consumer electronics device ever created”....
January 8, 2024
Apple Inc
Apple halts US sales of Watch before Christmas after losing patent case
...Sales in other countries are not affected by the ITC ruling....
December 18, 2023
Oil & Gas industry
US and UK tighten enforcement of Russian oil price cap
...Crude sales from Russia have, however, routinely been priced at above $60 since the summer, leading to concerns about whether the price cap is still effective in denying revenues to the Kremlin....
December 20, 2023
Inside BusinessRichard Waters
Apple faces the most disruptive threat it has seen in the iPhone era
...Generative AI is sweeping through the tech world and Cook, as chief executive, needs to rally the troops....
March 1, 2024

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