Jay Newman was a senior portfolio manager at Elliott Management, and is the author of Undermoney, a thriller about the illicit money that courses through the global economy. In 1965, Ralph Nader wrote Unsafe at Any Speed, exposing a car industry that systematically stifled safety features. Over the past two decades, the industry that peddles
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Norman’s Café in Archway, north London, is a modern take on a national institution: the great British greasy spoon. There are Formica tables and red gingham curtains. A chequered lino floor. A photo on the wall of Bobby Moore lifting the World Cup and blackboards with loads of things for under a tenner, including my
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Amazon-owned Twitch has moved to ban several accounts on the livestreaming platform after research detailed how pro-Kremlin propaganda had spread on the network. Shortly after Russia invaded Ukraine, Twitch said it would move to “prohibit harmful misinformation actors from using our service”. But a report from the Tech Transparency Project detailed multiple accounts pushing pro-Kremlin
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Boris Johnson suffered a fresh blow over the “partygate” scandal on Wednesday when his justice minister quit over “repeated rule-breaking and breaches of the criminal law” in Downing Street. Lord David Wolfson said he could not remain a minister following the revelations about Number 10 parties held during coronavirus lockdowns. Wolfson’s resignation came as senior
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Bank of England regulators have warned lenders about “gaming the rules” with capital arbitrage transactions via their pension schemes, a move largely directed at Barclays, which has used such deals to boost its capital level. On Wednesday, the Prudential Regulation Authority released a strongly-worded statement criticising the use of “deficit reduction transactions with their defined-benefit
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Microsoft was once the primary target of Big Tech antitrust cases, narrowly avoiding having to split into two companies at the end of the 1990s when it was taken to court for making it difficult for customers to uninstall Internet Explorer in favour of other browsers. The company eventually settled with the US Department of
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This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Specification: AQA Physical Geography 3.1.6 Ecosystems under stress This article is about Costa Rica. It looks at the issues of sustainability and ecosystems under pressure due to economic development, particularly with relationship to housing development,
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Stellantis shareholders have rejected a proposed €19mn pay package for the carmaker’s chief executive Carlos Tavares and remuneration for other managers after an outcry from a minority investor and some French unions over excessive payouts. Just over 52 per cent of investors voted against the remuneration report of the world’s fourth biggest carmaker at an
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More than 250 people have been killed in severe flooding in South Africa, officials said on Wednesday, a day after heavy rains swept away roads and houses and disrupted shipping from the continent’s biggest port. The death toll in the floods in Kwazulu Natal, South Africa’s second-most populous province, makes it one of the worst
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