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The Latest Breaking News from FT

Who is Jahm Najafi? Billionaire behind Tottenham takeover bid with eye-watering net worth

Jahm Najafi has reportedly expressed an interest in buying Tottenham Hotspur after it was revealed he is set to launch a bid to take over the north London club

Daily Mirror

Everton could suffer investment blow as billionaire set to launch £3.1bn takeover bid for Tottenham Hotspur

MSP Sports Capital have recently been in talks with Everton owner Farhad Moshiri but are now set to launch a takeover bid for Premier League rivals Tottenham Hotspur

Liverpool Echo

Rishi Sunak considers deal to end wave of strikes among public sector - report

The Prime Minister and Chancellor are considering giving workers a lump sum by backdating next year’s pay rise

Evening Standard

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Meta employees are reportedly bracing for more layoffs amid delays to finalized budgets: ‘It’s still a mess’

“The year of efficiency is kicking off with a bunch of people getting paid to do nothing," one Meta employee told the FT.

Fortune

Analysis of UK income inequality 'reinforces that indy Scotland would be better off'

A DAMNING analysis of UK income equality "reinforces findings of whitepapers" that an independent Scotland would be better off ...

The National (Scotland)

‘Race against time’: what the papers say after the Turkey-Syria earthquake

Scenes from rescue efforts feature prominently in front-page coverage

The Guardian - AU

A.I. startups like OpenAI and Anthropic must partner with tech giants like Microsoft and Google. That poses problems

OpenAI, Anthropic, and Stability AI have partnerships with Microsoft, Google, and Amazon, respectively. The FTC is watching.

Fortune

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The Wall Street Journal, Economist and Financial Times all now have female editors – what does it mean for business?

February 1 was a date to celebrate for women in business everywhere. It happened to be the day that water group Severn Trent became the first large UK quoted company to be led by an all-female team by appointing Helen Miles as chief financial officer. That’s certainly worthy of celebration…

The Conversation

Office occupancy crosses 50%, a post-pandemic high

Half-full or half-empty?

Axios

Can the EU keep up with the US on green subsidies?

The huge incentives in the Inflation Reduction Act are provoking a debate in Europe with ramifications for the entire single market

Financial Times

Peter Thiel’s Founders Fund generated more than $1 billion by offloading an 8-year Bitcoin bet just before markets soured

Founders Fund first bought Bitcoin in 2014 when the cryptocurrency traded for under $1,000.

Fortune

THG lowers profit expectations despite record sales after £100m cost cutting

THG confirmed that a further £30m of savings are to be found this year

Birmingham Post

How Apple tied its fortunes to China

The company spent two decades and billions of dollars building a supply chain of unprecedented sophistication. Now, a reckoning is coming

Financial Times

Rupert Murdoch spotted in Barbados with new girlfriend Ann-Lesley Smith

New relationship comes months after media mogul’s abrupt divorce from actor and supermodel Jerry Hall

The Independent UK

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The Guardian - UK

China to take ‘golden shares’ in tech firms Alibaba and Tencent

Move marks shift in focus by Beijing as it tries to extend influence and keep sector in check

Financial Times

How Germany became Europe’s leading Big Tech trust buster

While EU regulators slowly roll out their own enforcement mechanism, Berlin is already holding gatekeepers to account

The Guardian - UK

Rishi Sunak restarts talks on London listing for UK tech firm Arm

Japanese investor SoftBank thought to favour New York for computer chip designer’s IPO

Financial Times

The Murdoch family trust: how the scions could battle for control

The proposed Fox-News Corp merger could portend a realignment of the interests of Rupert Murdoch’s children

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Fortune

Elon Musk’s Starlink has inspired Taiwan to build a similar satellite system to the one Ukraine is using in its war with Russia

“Our primary concern…is facilitating the societal resilience,” Audrey Tang, Taiwan’s digital affairs minister, told the FT.

Financial Times

How serious is the threat of new Covid-19 variants?

A surge in cases after China lifted restrictions has sparked concerns that a dangerous new strain could emerge

The National (Scotland)

UK economic outlook 'as bad as it gets' – and Tories made it worse, experts warn

THE economic future facing the UK in 2023 is “as bad as it gets” and will be “much worse” than the pandemic, top economists have said – as…

Fortune

A global recession is coming, and this is where economists predict will fare the worst

IMF director Kristalina Georgieva said simultaneous contractions in three major economies—the U.S., the EU, and China—will be the driving forces behind a global recession in 2023.

Financial Times

China’s Covid generation: the surging inequality behind Xi’s U-turn

Lockdowns have often been more relentless in rural areas, upending the education of millions and blocking social mobility

Financial Times

Business trends, risks and people to watch in 2023

What to look for this year in the corporate world in sectors from energy to private capital and technology

Fortune

Trump-supporting billionaire Home Depot founder says 'nobody works anymore' because of 'socialism'

Bernie Marcus told the FT he’s worried about how “nobody gives a damn” anymore. “Just give it to me. Send me money. I don’t want to work—I’m too lazy, I’m too fat, I’m too stupid.”

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