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...TIC currently owns about 7.3 per cent of Toyota Motor, while the much larger company owns 23.5 per cent of TIC, according to LSEG data....
...F1’s operating profit increased by 64 per cent to $392mn in 2023 from a year earlier, as revenues surged to $3.2bn from $2.5bn. Dorna’s revenues totalled €483mn in 2023....
...Escalating geopolitical tensions in Asia and the Middle East helped drive the increase in global defence spending to 2.3 per cent of global economic output, Sipri said in its latest annual survey of global...
...john.gapper@ft.com...
...The company’s hyperactivity, laced with a lot of investor hype about AI, has helped Microsoft re-emerge as the world’s most valuable public company with a market value of $3.1tn, more than all the companies...
...John Healey, shadow defence secretary, said that if Labour won the general election, expected later this year, it would conduct a review within its first year in office to assess the state of the armed forces...
...Plus, JetBlue will pay rival budget US airline Spirit $69mn as part of the agreement to terminate a proposed $3.8bn takeover....
...John Kerry, the US climate envoy, singled the company out. Asked at COP28 what more Chevron could be doing on climate, he responded: “everything”....
...By contrast, Toyota has targeted just 3.5mn BEV sales annually from 2030. It only shifted 104,000 last year, while selling 125,000 plug-in hybrids....
...(Tr. 1861:3-1862:17)....
...Shares of Chevron, the second most valuable western oil producer, with a market capitalisation on Friday of $318bn, fell 3.7 per cent....
...In results announced this week, F1’s annual revenue increased to $3.2bn in 2023, up from around $2.5bn a year earlier. Operating profit increased by 64 per cent year on year to $392mn in 2023....
...An FT Weekend Magazine article from 2020 looking at chicken shops as cultural phenomenon put the total at 3,651 across Great Britain....
...Here’s the latest. 3....
...After shedding 40 per cent of their combined value, or $3.7tn, in 2022, the five biggest US tech companies — Apple, Microsoft, Alphabet, Amazon and Meta — have gained back $3.9tn....
...“At this point it’s come down to a macro call,” said John Lovallo, an analyst at UBS....
...They also have B Corp certification, a framework that’s quite progressive.”...
...About 3,000 F-16s are in military service around the world. Lockheed plans to increase production of the jets at its site in Greenville, South Carolina, to four a month in the next couple of years....
...Here’s more on Fink’s defence against the attacks. 3. China has dismissed growing concern in Brussels over the country’s record €400bn trade surplus with the EU in 2022....
...Chief Justice John Roberts wants the US Supreme Court to be conservative but not crazy....
...As of August 3, the average SVR stood at 7.85 per cent....
...Part of its commitment to circular fashion includes a repair offering, with prices starting from £3.50 to replace a button....
...That includes hundreds of millions of dollars on behalf of Moritz himself and other investors including long-serving Sequoia partner Doug Leone, Stripe’s co-founder John Collison and the family foundation...
...Co-founder and chief operating officer John Gallemore bought £448,000-worth of shares in joint names with his wife on the same day as the AGM....
...Yet local tech investors are still playing it safe, Sifted’s John Thornhill writes....
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