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The Latest Breaking News from FT

How Wall Street stormed the music business

Investors poured billions into buying rights, turning pop songs into a new asset class — but then the economy stalled

Financial Times

EU's Sefcovic offers to reduce Northern Ireland border controls - FT

The European Union's Brexit chief Maros Sefcovic said he could reduce physical customs checks across the Irish Sea to just a few lorries a day, the Financial Times reported on Monday.

Reuters

Boris Johnson 'to skip Tory conference and coin it in with speeches' after leaving as PM

The Prime Minister will fly to Balmoral tomorrow to give his resignation to the Queen - and reports have been swirling that he will make a packet in after-dinner speeches as a backbench MP

Daily Mirror

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Kwarteng insists Truss would be ‘fiscally responsible’ as PM as he seeks to reassure markets

Kwasi Kwarteng is tipped to be Britain’s next chancellor

The Independent UK

Truss’s pledges ‘to contribute to £60bn hole in UK budget’

Liz Truss’s tax cut and defence spending pledges, coupled with spiralling inflation and the growing cost of government debt, will create a £60bn hole in the public finances by 2026, according to calculations by the Financial Times.

The Independent UK

EU complicates travel rules for Russians but baulks at visa ban

EU foreign ministers on Wednesday decided to make it more expensive and lengthier for Russians to obtain visas to travel to the bloc but stopped short of agreeing to the EU-wide visa ban that Ukraine and several member states had called for.

Reuters

Felixstowe port disruption ‘could continue until Christmas’ says union – as it happened

Disruption at the UK’s largest container port could escalate until Christmas unless workers are given an improved pay offer, Unite boss says

The Guardian - UK

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How a 20-year-old student made $110mn riding the meme stock wave

Jake Freeman raised $27mn through Wyoming-based fund and bet it all on shares of Bed Bath & Beyond

Financial Times

Govt to subsidise electricity fuel component tariff

The government has decided to subsidise the fuel tariff (Ft) component of electricity bills for the three months September-December, when the cost is set to rise, government spokesman Thanakorn Wangboonkongchana said.

Bangkok Post

FT says Western governments are alarmed over Turkey's deepening ties with Russia

Western governments are increasingly alarmed about deepening economic ties between Turkey and Russia, warning of the mounting risk that Turkey could be hit by punitive retaliation if it helps Russia avoid sanctions, the Financial Times reported on Saturday.

Reuters

The women calling out Apple’s handling of misconduct claims

More than a dozen employees past and present say Apple’s HR team puts the company’s reputation ahead of worker welfare

Financial Times

Ukraine calls for Black Sea grain deal to extend to other products - FT

Ukraine has called for the deal that relaxes Russia's blockade of its Black Sea grain exports to be extended to include other products, such as metals, the Financial Times reported on Friday.

Reuters

Benzinga Before The Bell: Robinhood Denies Merger Buzz, Alibaba's Q1 Cloud Growth, Oil Price Rebound And Other Top Financial Stories Thursday, August 4

Reuters Airbus Cancels A350 Aircraft Contract With Qatar Airways

Benzinga

Fighting Thailand's energy price wars

State energy subsidies have assumed a prominent role in the Thai economy since the start of the Russia-Ukraine war in February.

Bangkok Post

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Evening Standard

Truss vs Sunak – reflections on *that* leadership debate

The joy of modern technology is that I was able to watch last night’s leadership debate on iPlayer, with a pair of noise-cancelling headphones while my partner, who has no interest in politics, enjoyed an episode ofThe Real Housewives of Atlanta on the TV.

Daily Record

Celtic fans hit with Aberdeen travel setback as Scotrail staff shortages cause chaos after Premiership opener

Last trains from Dalmarnock leave at 6.13pm on the day of Celtic's 4.30pm kick-off against Aberdeen, meaning many fans cannot use their normal station for the return trip.

Reuters

China warns of 'forceful measures' if U.S. House Speaker Pelosi visits Taiwan

China's government warned on Tuesday that it would take "forceful measures" if U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan, after the Financial Times said she would go to the Chinese-claimed island next month.

Evening Standard

Prime Minister Liz Truss — everything you need to know about the new PM

She’s known as Thatcher 2.0 — but where does Liz Truss stand on trans rights, taxes, and what does she really think of that infamous cheese speech? Giulia Crouch has the lowdown

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news in one place.

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The Guardian - UK

SoftBank ‘halts plans’ for Arm’s London listing amid political instability

Loss of UK chip designer’s flotation would jeopardise capital’s attempt to prove it can compete against US

The Guardian - UK

UK drops guarantees from £400m of Greensill loans to Gupta-linked firms

State-owned British Business Bank makes decision after investigation of lending practices

Bangkok Post

Sudarat takes aim at fuel tariff hike

The Thai Sang Thai Party's (TST) chief strategist says she is against plans to raise the fuel tariff (FT), saying it will drive a surge in household power bills.

Financial Times

Inside Celsius: how one of crypto’s biggest lenders ground to a halt

Former employees and internal documents suggest a reckless pursuit of high returns put the company in a poor position to ride out this year’s market turbulence

Bangkok Post

SMEs call for suspension of planned fuel tariff increase

The Federation of Thai SMEs is asking the government to delay an increase in the fuel tariff (Ft) scheduled for September as they struggle to stay afloat amid mounting economic problems.

The National (Scotland)

Rishi Sunak proposed holding indyref2 after Brexit, unearthed comments reveal

*We are resharing this piece from our archives as Rishi Sunak looks set to be the next PM. First published July 13, 2022*

The Guardian - UK

Uber paid academics six-figure sums for research to feed to the media

High-profile professors in Europe and the US were engaged as part of lobbying campaign, leak shows

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