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The Latest Breaking News from FT

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

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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

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.

Reuters

The regional banking crisis is expanding

Reports have both PacWest and Western Alliance seeking buyers.

Axios

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’

The Guardian - UK

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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.

Bangkok Post

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

Daily Mirror

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?

Bangkok Post

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

Financial Times

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.

The Week

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

Birmingham Post

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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.

The Guardian - UK

No 10 hits back at Microsoft after company says EU ‘more attractive’ post-Brexit after takeover blocked – as it happened

Live coverage of business, economics and financial markets as US tech company heavily criticises UK’s Competition and Markets Authority

PC Gamer

UK regulators block Microsoft's Activision acquisition in potentially fatal surprise blow

Microsoft says it will appeal the decision.

TechRadar

Microsoft Teams is about to become optional for Office users

Previously, having Microsoft Teams installed alongside Office was a requirement, but that’s about to change.

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Financial Times

Why Europe’s stock markets are failing to challenge the US

In the second part of a series, the European dream of building bourses to rival those in America faces practical, political and cultural obstacles

Tom’s Hardware

Arm Developing Reference Chips to Attract New Customers: Report

Arm reportedly forms solutions team to develop advanced SoC prototypes.

Financial Times

Silicon Valley Bank: the multiple warnings that were missed

Ahead of the first official postmortem on its collapse, bankers, regulators and executives admit that it was a crisis hiding in plain sight

Fortune

Mike Bloomberg plans to leave his company to Bloomberg Philanthropies—with enormous implications for charity

The move would be similar to one made by Patagonia’s founder last year, but on a much bigger scale.

Tribune News Service

At least 9 members of Congress sold bank stocks during turmoil, report says

WASHINGTON — At least nine members of Congress sold banking stocks before and during the market turmoil in March, the Financial Times reported.

Bangkok Post

ERC move 'won't solve main reasons' for pricey electricity

Energy activists and politicians have expressed reservations about a decision by an Energy Regulatory Commission (ERC) subcommittee to cut the electricity rate from May to August, saying it does not address the real cause of expensive power bills.

The Guardian - UK

Gareth Smyth obituary

Other lives: Political journalist who covered the Middle East for 30 years, from the UK and as the Financial Times’s chief Iran correspondent in Tehran

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