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...“Growth and rapid growth doesn’t live in tension [with] getting to profitability, it is the path to profit,” he said....
...That’s because the works of contemporary artists such as Warhol and Jean-Michel Basquiat could now become collateral for half a billion dollars of asset-backed securities, alongside paintings by old masters...
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From Tony Smith, Bishop’s Stortford, Hertfordshire, UK
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...Deaths in custody persist and after the failure of the Voice referendum, which sought to constitutionally recognise the country’s Indigenous people, the prospects don’t look good....
...Management has taken steps to try to limit damage to the business, although falling revenue and profit numbers don’t suggest that these have been a success....
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...Jessica SmithI’m Jessica Smith, in for Marc Filippino, and here’s the news you need to start your day....
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...organic-cotton socks, £22 Polo Ralph Lauren cotton-mix sweatshirt, €179 Crockett & Jones leather belt, £150 Rhude cotton Paradiso Rally T-shirt, $315 Guess Originals denim mid-rise jeans, £95 Luca...
...It is time to conceive a way of working as revolutionary as that described by Adam Smith, the 18th-century Scottish philosopher and economist, in his theory of the division of labour illustrated by the example...
...[But] the risks that the world is insuring don’t look like that anymore.”...
...He describes the 1986 fractional arrangement as “one of a kind, which I wouldn’t recommend today”....
...Mondi has exited Russia and last year warned on paper pricing; DS Smith didn’t have to and didn’t have to....
...Mainstream investors like Fidelity, T Rowe Price and BlackRock are also exposed. Read more on the options open to ByteDance’s US investors....
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...Read the FT’s full interview with Jean-François van Boxmeer....
...America (still) has no industrial policy: Subsidies, tariffs and good intentions don’t add up to what is needed, argues Rana Foroohar....
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...“When people come back to Hong Kong, they won’t see something they might see in Basel, Paris or Miami: it will be something they haven’t seen before.”...
...“The main issue is we weren’t able to mobilise our voters to the ballot boxes . . . if we lose an election it isn’t because the opposition is better than us, it’s because we haven’t done the work ourselves...
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