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Travel & leisure industry
Spain supplants UK as top hotel investment destination amid buoyant demand
...Singaporean sovereign wealth fund GIC acquired a 35 per cent stake in Spain’s Hotel Investment Partners from Blackstone Group, while Abu Dhabi Investment Authority, one of Abu Dhabi’s sovereign wealth funds...
April 14, 2024
Google LLC
Google considers charging for AI-powered search in big change to business model
...Engineers are developing the technology needed to deploy the service but executives have not yet made a final decision on whether or when to launch it, one of the people said....
April 3, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Brookfield Asset Management Inc
Brookfield in talks to buy majority stake in $22bn airline lender
...The talks between Brookfield and Castlelake, which are in a late stage but could still fall apart, come on the heels of consolidation in credit markets....
April 11, 2024
UK politics
Michael Gove names groups that could fall foul of new UK extremism definition
...Asked whether the definition might capture groups that used terms such as the pro-Palestinian slogan “from the river to the sea”, Gove said a phrase alone would not....
March 14, 2024
Lok'nStore Group PLC
Lok’nStore agrees £378mn takeover by Belgian-listed rival Shurgard
...Lok’nStore is set to become the latest company to leave the UK stock market, after the self-storage group agreed to be bought by Belgian-listed rival Shurgard for £378mn....
April 11, 2024
Climate change
Atmospheric rivers set to hit US west coast
...Atmospheric rivers are often described as a powerful hose, as they are typically long and narrow and carry water vapour from the tropics over land, where it usually falls as very heavy rain or snow....
January 26, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Signa Holding
Signa group’s flagship German project falls into bankruptcy
...None of the group’s accounts are consolidated and the three principal Innsbruck-based holding companies at the centre of the group all have different administrators....
January 19, 2024
Apple Inc
Apple loses smartphone crown to Samsung as Chinese rivals gain ground
...Xiaomi sales surged 34 per cent to attain a 14 per cent market share, as the Beijing-based electronics group experienced a wave of publicity surrounding the debut of its electric car....
April 15, 2024
Toyota Motor Corp
Toyota advert banned for showing pick-up truck convoy driving through river
...However, ASA rulings are precedent-setting, meaning that future commercials showing river crossings or other off-road driving that could be viewed as destructive may fall foul of the agency’s guidelines....
November 22, 2023
Pollution
Oxford-Cambridge Boat Race to go ahead despite ‘dangerous’ pollution
...Campaign group River Action said this week it had found “alarmingly high levels of dangerous E. coli bacteria” along the stretch of the Thames between Putney and Mortlake where the men’s and women’s annual...
March 28, 2024
News updates from April 1: Israel accused of air strike on Iranian embassy; US manufacturing sector expands for first time since 2022
Shares in Donald Trump’s media group fall below pre-Spac merger price
...Trump Media and Technology Group shares were down more than 20 per cent at midday in New York — falling below its $49.95 price recorded the day before the merged company began to trade last week....
April 1, 2024
Hong Kong economy
Hong Kong’s port loses ground as exporters pivot to mainland China
...to the area around the Pearl River Delta....
April 1, 2024
Thames Water
Former Thames Water owner Macquarie among lenders to utility’s parent company
...“Under Macquarie’s ownership, Thames Water pumped millions of litres of disgusting sewage into British rivers while racking up billions of pounds worth of debt, that was then paid out to shareholders,” said...
April 9, 2024
News updates from March 15: US home fees set to fall; Foxconn boosts outlook on AI hopes
US home sale fees set to fall after real estate group settles lawsuits
...Should the deal be approved by a federal court, the influential trade group would pay $418mn in damages to home sellers and slash the commission fees that supply the bulk of 1.6mn US realtors’ income....
March 15, 2024
UK infrastructure
UK seeks to quell public anger on sewage with £11mn restoration fund
...“This is a drop in the sewage-filled rivers and ocean,” said Nick Measham, chief executive of campaign group WildFish....
April 8, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
Inside BusinessPatrick Jenkins
What UK water can learn from global banking
...This month, the parent company of Thames, the UK’s biggest water group, defaulted on a £400mn bond, part of the group’s £18.3bn stack of debt....
April 15, 2024
ReviewAlbums
Las Lloronas: Out of the Blue album review — close harmonies that swerve from flamenco to klezmer
...But this is met with clarinet, guitar and a countervailing sung refrain: “When the lonely bird is singing down the river . . . I start to see that my sorrows disappear”....
March 20, 2024
Hot Money podcast
How western governments took down Europe’s most powerful crime group
...At the centre is a cocaine super cartel that is revolutionising the global drugs market....
December 26, 2023
Tesla Inc
Tesla to cut 10% of global workforce
...Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, announced on X today that he would leave after 18 years at the auto group...
April 15, 2024
EU tech regulation
EU probes Apple, Meta and Alphabet under landmark new law
...The probes fall under the Digital Markets Act, which is designed to tackle the dominance of so-called digital gatekeepers — the biggest online platforms — and came into effect earlier this month....
March 25, 2024
News in-depthNikkei Asia
Cambodia vexes Vietnam with plan to divert Mekong trade via China-built canal
...In Kep province, at the canal’s projected end point along a boardwalk overlooking a group of local fishermen, there is little indication of the ambitious plans under way....
March 21, 2024
United Parcel Service Inc
UPS to cut 12,000 jobs as outlook falls short on weak parcel demand
...Tomé said that UPS was in a “good position” to take advantage of the rerouting of shipments in response to the drought in the Panama Canal and the escalating conflict in the Red Sea....
January 30, 2024
Boeing Co
Boeing and supplier shares fall after mid-flight Alaska Airlines accident
...The aerospace group said in a statement on Saturday that it supported the temporary grounding. “Safety is our top priority,” Boeing said....
January 8, 2024
Beer and spirits
Chinese whisky distilleries give western brands a wee dram of local flavour
...Diageo, another leading global drinks group, is building a distillery in nearby Yunnan province, while Nine Rivers, a crowdfunded distillery in the south-eastern province of Fujian, aims to produce whisky...
March 4, 2024
Inchcape PLC
Inchcape to sell UK dealerships for £346mn
...The retail business’s profit margin was 2 per cent last year, compared with 5.8 per cent for the group as a whole over the same period....
April 15, 2024

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