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...“Handing over the ownership of one of the UK’s most prestigious institutions to a foreign equity investor cannot be right,” said David Ward, general secretary of the CWU....
...Though TikTok remains unprofitable because of its heavy investment in global expansion, ByteDance as a whole recorded $28bn in net profit for 2023, the people with knowledge of its finances said....
...The International Energy Agency is out with its monthly oil report today with divergent views on demand from Opec....
...SIG now owns roughly 15 per cent of ByteDance, a stake worth about $40bn that represents a significant chunk of Yass’s net worth, according to people familiar with the matter....
...Sales of electric vehicles will “grow strongly” this year and could see battery and hybrid models account for one in five cars sold worldwide, according to a bullish forecast from the International Energy...
...Roaring equity markets and the popularity of a new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income that rose by more than one-third....
...Lex calculations suggest the programme could have accounted for as much as 70 per cent of Delta’s net income in 2023....
...Citi reported net income of $3.4bn in the quarter, down 25 per cent from a year ago but better than the $2.3bn that analysts had forecast....
...When Oprah Winfrey announced in February that she would step down from the WW International board, shares in the company behind WeightWatchers dropped nearly 20 per cent, to their lowest point since it returned...
...Alice Ross is the FT’s acting international economy news editor. X: @aliceemross...
...Here’s an interesting piece from Nolan Lindquist of the Center for Active Stewardship, digging into the International Energy Agency’s influential model of a net zero world economy, and its implications for...
...Or as one legal expert put it: “If they think that we’re at the top and so they’re getting out, that’s a rather stark signal to everyone else.”...
...“More stringent regulation means you might drive people to areas where there is less regulation,” one European airline executive said. “It is a concern,” said another....
...They signal that one of Wall Street’s big goldmines is facing challenges....
...“You see one company announce lay-offs and think ‘Here we go, who’s it going to be next week?’”...
...Pricey branded sportswear was harder to justify with no one to see it....
...But this week’s real action on taxes took place on Wednesday with the first official meeting of the International Tax Task Force....
...So it points out that if business lobbies influence the politics of subsidies, misallocation can quickly turn a net gain into a net loss....
...While revenue rose 6.6 per cent in 2023, net income rose 20 per cent....
...Cerulli does not expect mutual funds to experience net inflows anymore, he said. One saving grace for mutual funds could be their use within retirement accounts, Apkarian said....
...The Shenzhen-based group, which is also one of the world’s biggest battery makers, has been one of the main beneficiaries of a bruising price war that punished European, Japanese and US carmakers....
...This time, the painting has been cleared for export, confirms Pierre Etienne, international director of Old Masters at Christie’s....
...(Ethan Wu) One good read How the US could respond to Iran....
...IBIT’s total assets now sit at around $12.7bn, a combination of bitcoin’s appreciation and more than $7bn in net inflows....
...That’s one for the future. Or maybe the near-term future. Messages recovered by Robert Shrimsley...
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