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The Latest Breaking News from FT

FT Executive Education Custom Ranking places ISB first in India

The Indian School of Business (ISB) has been ranked first in India and 29th globally in the Financial Times Executive Education Custom Ranking 2023.

The Hindu

Financial Times global ranking puts IIMK among top four schools in India

The institute is among the top 75 schools worldwide for its open enrolment executive education programme

The Hindu

Carl Icahn bet on America to fail. Instead he lost $9 billion

A short seller accused the billionaire of covering up his losses by bribing shareholders with a dividend. Now he admits his 'mistake': 'Don't fight the fed'

Fortune

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Microsoft, Activision and the battle with competition tsars

In a “striking show of leniency by a notoriously tough regulator”, the European Commission has approved Microsoft’s $69bn megadeal with games-maker Activision Blizzard, said DealBook in The New York Times – just weeks after the UK’s competition regulator threw it out.

The Week

Leading A.I. expert says Big Tech's breakneck arms race threatens the 'very nature of truth'

One of the world's leading A.I. experts says the race by tech companies for A.I. supremacy is 'unhealthy,' and that breaking the cycle won't be easy.

Fortune

Netflix expects you to unsubscribe after password-sharing crackdown — why it doesn't care (report)

Netflix is expecting some blowback after cracking down on password sharing in the U.S. market, but this interesting trend tells it that it shouldn't worry.

Laptop

What is the Wagner Group? The mercenaries offering ‘muscle to dictators’

The head of the shadowy Wagner Group of mercenary fighters allegedly offered to reveal Russian military positions to Ukraine in exchange for Kyiv withdrawing its troops from the city of Bakhmut.

The Week

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Banks: 10 Weeks Into The Bank Wreck. Where Do We Stand? Who's At Risk?

Regional banks remain under pressure 10 weeks after the start of the bank crisis. Regulators, JPMorgan's Jamie Dimon aim at short sellers.

Investors Business Daily

Erling Haaland set for another mega payday amid rethink of "dream" Man City exit plan

Manchester City striker Erling Haaland is set to pocket a major windfall after signing a seven-figure Dolce & Gabbana endorsement deal, with other fashion brands also lurking

Daily Mirror

The return of deposit-free mortgages: should you apply?

Tenants have a chance to escape the “rental trap” with the return of zero-deposit mortgages.

The Week

Brexit bonfire U-turn: how long will EU laws remain in UK?

The government has announced a U-turn on its plans to remove all EU laws from British statute books by the end of the year in a move that has been criticised by Tory Brexiteers.

The Week

IBM's CEO says its new A.I. tools will be able to do '30 - 50%' of 'repetitive' office work after indicating his own company will pause some hiring

Arvind Krishna thinks A.I. will become integral to many office tasks.

Fortune

Erling Haaland may have to rethink elaborate Man City exit plan after dad's gesture

Erling Haaland has deliberately tried to keep his options open for when he wants to leave Manchester City in the future, but his father's behaviour may have taken Real Madrid off his list

Daily Mirror

Ferrari CEO says the luxury carmaker will never do self-driving cars

In a bid to stick close to its roots, Ferrari is avoiding the self-driving car route that its competitors are taking.

Fortune

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Reuters

EUs plans to slap sanctions on Chinese firms aiding Russia's war machine - FT

The European Union has proposed sanctions on Chinese companies accused of selling equipment that could be used in weapons to support Russia's war machine, the Financial Times reported on Sunday.

Axios

The regional banking crisis is expanding

Reports have both PacWest and Western Alliance seeking buyers.

The Guardian - UK

FCA urges Capita clients to ascertain if data was compromised in cyber-attack

Corporate clients that outsource work to Capita – including Aviva and Phoenix Group – must ‘assess fallout from data breach’

Bangkok Post

Power subsidy request slashed

The caretaker cabinet will submit a new proposal to the Election Commission (EC) seeking approval for a reduced 10.464-billion-baht subsidy for household power bills, 648 million baht less than the previous request that was rejected by the regulator.

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Daily Mirror

Harry Potter's Emma Watson says finding fame made her 'feel caged'

Emma Watson has opened up about taking a four year hiatus from acting after shooting to fame as Hermione Grainger in Harry Potter, which made her a household name

Bangkok Post

Reduced B10bn power subsidy needs EC approval

The caretaker cabinet will submit a new proposal for a reduced, unbudgeted 10.464 billion baht subsidy on household power bills to the Election Commission for approval, 648 million baht less than the one rejected by the regulator.

Bangkok Post

I know a power bill con when I see one

What is your reaction when seeing the latest electricity bill?

Financial Times

How education became the new faultline in British politics

A growing number of voters are graduates and they are becoming less likely to back the Conservatives, threatening to redraw the country’s electoral map

The Week

British American Tobacco fined for North Korea sanctions breaches

The world’s second-largest tobacco company has agreed to pay $635m (£510m) in fines plus interest after a subsidiary admitted violating sanctions by selling cigarettes to North Korea.

Birmingham Post

North East firms Greggs, Go-Ahead and Sage on list of Europe's climate leaders

The three Newcastle firms are praised for efforts in reducing their climate emissions

The Week

Was Dominic Raab really stitched up?

Dominic Raab resigned as deputy prime minister and justice secretary last week after an independent inquiry concluded that his treatment of civil servants had, in some cases, amounted to bullying.

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