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...Berruga’s resignation was followed by exits of executives including chief investment officer Jon Maier, chief operating officer John Belanger and head of finance Ronnie Riven....
...As a result, revenues for this year would be between $1.83bn and $1.96bn. That is below analyst estimates of $2.58bn, according to LSEG data....
...“This is actually a correction from the press release,” Brewer said. Lyft shares jumped 35.1 per cent on Wednesday....
...john.thornhill@ft.com...
...Qatar has released eight Indian former naval officers sentenced to death last year for spying for Israel, India’s government said....
...Kevin Scott, Microsoft’s chief technology officer, says the Inflection folk who are joining Microsoft have a very good sensibility for making AI-first products and rendering them “delightful and useful”...
...Since a painful 10 per cent correction between July and October, the S&P 500 has risen more than 25 per cent....
...Note also that Lyft guided for the current-quarter adjusted margin to be “approximately 1.4 per cent to 1.5 per cent”, so something very dramatic would have to happen after March....
...He will be replaced by chief operating officer Stephanie Pope....
...Corrections will happen,” says Ashish Gupta, chief investment officer at Axis Mutual Fund....
...It estimates the initiative will generate an additional £1.4bn by the end of the 2028-29 tax year....
...The FTSE 100 group reported record pre-tax profits of $1.25bn last year and announced a $325mn share buyback....
...“If you look at the policy correction that took place . . . they went very deep and hard over a short period of time,” he said....
...That compares with 1 per cent early last year....
...Mentioned in this podcast: US sends second aircraft carrier as Israel prepares offensive in Gaza Residents flee Gaza City as Israel tells 1.1mn to leave British prisoners face jail time abroad under radical...
...Data from Sweden’s statistical agency show that there are 1.33mn registered enterprises in the country....
...“We intend to actively deploy this capital and our board and management team see compelling value in our shares,” chief financial officer John Redett said....
...The firm also appointed Christina Levin-Rylander as chief operating officer for its operational advisory team Elevate....
...Lord John Woodcock will propose broadening so-called Expedited Public Space Protection Orders to protect politicians from intimidation when he submits his report on curbing political violence and disruption...
...An Israeli army officer said it dropped dozens more metres before joining a vast underground network that Hamas had dug under Gaza....
...Craig Martell, the US Department of Defense’s chief AI officer, said last week he would demand a “five 9s” [99.999 per cent] level of accuracy before deploying an AI system....
...Additional reporting by Kate Duguid, Suzi Ring, Mehul Srivastava and John Paul Rathbone...
...The updated forecast includes the $1.7bn in strike-related costs, said chief financial officer John Lawler, because of disruption on high-margin trucks and sport utility vehicles, leading to about 100,000...
...John Goetz, co-chief investment officer of Pzena Investment Management, said valuations on European consumer stocks had fallen to appealing levels....
...Chow said in a post late Sunday night that she had been forced to pay a visit to Tencent’s headquarters in Shenzhen, accompanied by five national security officers from Hong Kong....
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