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The Latest Breaking News from FT

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.

Fortune

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

Financial Times

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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.”

Fortune

Home Depot founder complains Americans are now lazy, don’t want to work and it’s all socialism’s fault

“Nobody works, nobody gives a damn,” says billionaire Home Depot co-founder Bernie Marcus

The Independent UK

All the bad news buried before Christmas - including sacked Gavin Williamson's payoff

MPs have just left for Christmas - so we've trawled through seven details that got slipped out at the last minute, from Gavin Williamson's golden goodbye to school buildings facing collapse

Daily Mirror

Reports of Beijing COVID deaths fuel speculation about China covering up data

The number of COVID-positive dead arriving at Beijing’s funeral parlors and crematoriums is rising, according to media reports, despite China not reporting a fatality from the virus for two weeks.

Tribune News Service

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Qatar offered EU lawmakers free World Cup tickets and other lavish gifts to try to improve human rights image

One politician said she had “little doubt that Qatar was buying up European influence.”

Fortune

US to announce ‘major’ nuclear fusion breakthrough in pursuit of near-limitless energy

Advance may potentially help develop a climate-friendly and renewable energy source

The Independent UK

Factcheck: are UK strikers greedy, unrealistic and putting others in danger?

This is an extract from our First Edition newsletter

The Guardian - UK

Monday briefing: The government blames the unions for strikes – but what’s the truth?

In today’s newsletter: Factchecking claims striking workers are irresponsible, selfish and unrealistic

The Guardian - UK

‘Hell. Just hell’: Ukraine and Russia’s war of attrition over Bakhmut

Soldiers say fighting in and around eastern Donetsk city is reminiscent of first world war-style trench conflict

Financial Times

Can Just Stop Oil make the case for protest?

The climate activists know their tactics make people angry — and they believe that’s a price worth paying

Financial Times

Monte dei Paschi: how far did Italy go to draw a line under its troubled bank?

After 15 years of scandal and state aid, Rome was prepared to bend the rules to ensure the world’s oldest lender could be safely sold off

Financial Times

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Fortune

Taylor Swift avoids FTX lawsuits after a $100 million deal with the crypto exchange fell apart earlier this year

Sam Bankman-Fried’s employees at FTX, which struck deals with Tom Brady and Steph Curry, said it “was too expensive from the beginning.”

Financial Times

The 4-day week: does it actually work?

A trial to gauge whether it is possible to do the same work in fewer hours is finally drawing to a close. Here’s what four companies discovered

Fortune

Disney could regain political power of the land surrounding its Florida theme parks

Move comes seven-plus months after legislature voted to dissolve special tax district.

Fortune

Everyone hates the open floor office plan. Meet its remote-work-friendly replacement: 'quiet spaces'

With unavoidable Zoom meetings and private rooms in short supply, most offices are incapable of supporting deep-think work workers need.

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news in one place.

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Financial Times

‘It just kinda went crazy’: FTX’s lavish spending highlights lack of controls

Sam Bankman-Fried’s crypto group showered employees with perks before collapsing into bankruptcy

Bangkok Post

Jack Ma reported living in Japan after China tech crackdown

TOKYO: Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China's crackdown on the tech sector, the Financial Times reported Wednesday, citing multiple unnamed sources.

Evening Standard

Less than half the population are Christian for the first time

When Rishi Sunak became prime minister, his accession was widely welcomed across the political spectrum, as the first British Asian to secure the top job in politics, and only the second from a minority background after Benjamin Disraeli in the nineteenth century.

Liverpool Echo

European Super League pioneer quits after failing to convince Liverpool to perform U-turn

Liverpool initially signed up to the European Super League in April in 2021

Evening Standard

China cracks down on ‘extraordinary’ zero-Covid protests

It is a level of courage I can scarcely quantify. The Chinese Communist Party (CCP) runs a brutal, authoritarian regime. Freedom of expression is suppressed while dissent – whether online or on the streets – is swiftly censored and punished.

The Guardian - US

Layoffs, low ratings and a lurch closer to the right: is CNN in crisis?

New management outlines a course to cut costs and return to political middle ground, but there may be no easy fix in sight

Reuters

Qatar reviewing London investments after transport ads ban - FT

Qatar has launched a review of its investments in London after the city’s transport authority this week banned the Gulf state’s tourism advertisements on the capital’s buses, taxis and Underground train system, Saturday’s Financial Times reported.

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