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...That might reflect their lack of expertise but I suspect the real problem is cultural....
...Lee’s lawyers said in a statement: “The ruling clearly confirmed that the Samsung C&T merger and Samsung Biologics accounting were legal. We sincerely thank the judges for their wise ruling.”...
...I can’t promise but, to me, [the pain franchise] looks like [CF] in 2012.”...
...“I’m very concerned about the exodus of companies,” said one longtime Chicago business and civic leader....
...That’s what we missed: how the policy response to the regional banking crisis stabilised the banking system, which allowed a pretty sharp V-shaped recovery....
...Rieder: I’d say it’s a B-. But it’s not a C. Why are you getting these sorts of yields in credit today? You’re getting them because the risk-free rate is so darn [high]....
...The Soviet cosmonauts initially used pencils — before purchasing Paul C Fisher’s pens themselves in 1969....
...But then you notice the discreet pedestals at each end of the installation, created by Los Angeles based PlayLab, Inc. Each showcases four “historiated sculptures” encased in glass....
...My first thought as I picked up the iPhone 15 Pro Max was that it felt light, certainly lighter than its predecessor. As it turns out, I was right: 19g lighter than the 14 Pro Max....
...Jean-Noël Barrot, French junior minister for digital affairs, gave Apple a deadline of 15 days to update the phone’s software system to conform with the rules....
...Now the system is every week, how do I make sure I’m just staying on track with the plan?...
...Tetlock recognised a powerful truth many years ago: one thing better than the wisdom of a crowd is the wisdom of a wise crowd....
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...Liquidity worries Two weeks ago, while I was away, the wise Kate Duguid wrote in this space that people were worried about imminent declines in financial system liquidity....
...The system is undoubtedly user-friendly — the savings account has no fees or minimum deposits or balance requirements....
...Its system comprises 70 stations and 43.6 miles of routes, considerably smaller than London’s. The TTC estimates it can complete its upgrade programme for less than C$8mn (£5mn)....
...In another interview, he added: “We have to invest in today’s energy system, and the reality is that today’s energy system is predominantly an oil and gas system. And that needs investment.”...
...I’d be interested to hear readers’ shopping experiences: what’s your main way of stocking up on gifts ahead of the festive season? Email me your thoughts at sid.v@ft.com....
...Recommended reading Wise scraps domestic transfer fees UK fintech Wise is cutting charges for domestic transfers for certain currencies, Oliver Smith reports at Altfi....
...James Kynge, our wise China hand, argues that Xi Jinping is losing patience with Putin, and has quietly dropped the “no limits” bit to their relationship....
...Student 3Oh, my God, I got a C. Student 2I got a B. Student 1I completely fumbled that. Student 4I got into where I want to go. Student 5A*, AB. Lucy FisherWell, mixed emotions from pupils there....
...Under-18s who don’t secure a grade 4 — roughly equivalent to a low “C” in old money — are forced to retake GCSE maths repeatedly....
...Thomas Pugh: Significant reform of the planning system....
...“All these universes are social economies — to make them work, you need to get money into the system and move it within the system,” said Oberwager....
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