Author: Arabian Media staff
Stay informed with free updatesSimply sign up to the Pensions myFT Digest — delivered directly to your inbox.The UK government’s attempt to save £1.5bn by cutting winter fuel payments to pensioners could end up costing money after a series of offsets and U-turns, analysts have warned.Prime Minister Sir Keir Starmer last week bowed to pressure from Labour MPs to preserve the payments for most pensioners, in a move that experts say would reduce the planned savings to about £180mn.At the same time, there has been about £230mn of new claims for pension credit after the government initially encouraged applications to…
Stay informed with free updatesSimply sign up to the Media myFT Digest — delivered directly to your inbox.Pirated streaming of sports and premium TV is costing broadcasters and sports bodies billions of dollars a year, constituting “industrial scale theft of video services”, according to media analysts at Enders. Enders found that pirated feeds account for a “double digit percentage” of all viewing of premium sports and television, based on private data from broadcasters and analysis of internet data, though it was unable to put an exact figure on the scale of the problem. Sky and DAZN are among the companies…
Beer, wine and spirits companies debate how best to counter public health groundswell against drinking Source link
Elon Musk’s four-month blitz through the US government briefly made him Washington’s most powerful businessman since the Gilded Age. But it has done little for his reputation or that of his companies.Musk this week formally abandoned his role as the head of the so-called Department of Government Efficiency (Doge), which has failed to find even a fraction of the $2tn in savings he originally pledged. On Thursday, Donald Trump lamented his departure but said Musk “will always be with us, helping all the way.” Yet the billionaire will now be left calculating the cost of his involvement with Trump and…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. After Nvidia reported a 69 per cent year-over-year increase in quarterly revenue on Wednesday evening, its shares rose more than 3 per cent yesterday. Have a look at a longer-term chart, though: the super-stock of 2022-2024 has been tracking more or less sideways since last summer.…
Stay informed with free updatesSimply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox.A UK-based activist fund has become a top shareholder in a leading Japanese tyremaker, betting it can pump up returns, shrink its balance sheet and even push for a sale as the global car sector goes through a period of rapid disruption.Palliser Capital is expected to announce on Friday at the Sohn Conference annual gathering of hedge fund managers in Hong Kong that it has taken a roughly 3 per cent stake in Toyo Tire in the past six months, according…
One thing to start: Tim Leissner, the disgraced former Goldman Sachs banker at the heart of the multibillion-dollar 1MDB scandal, has been sentenced to two years in prison, ending one of the most infamous prosecutions in Wall Street’s history.And another thing: Wall Street is warning that a little-publicised provision in Donald Trump’s budget bill that allows the government to raise taxes on foreign investments in the US could upend markets and hit American industry.Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site version of the newsletter. Premium subscribers can sign up…
Stay informed with free updatesSimply sign up to the Technology myFT Digest — delivered directly to your inbox.My first inkling of the damaging cyber attack on Marks and Spencer was when I entered a store at the Easter weekend and was told that contactless payments were not working. It threatened to ruin the trip until I realised I could scan food items on the M&S app on my phone and use Apple Pay instead.It says something about our acute dependence on online commerce that the only way to circumvent a cyber attack was by hacking the store in another way.…
The White House is fighting court rulings that US President Donald Trump’s ‘liberation day’ tariff scheme is illegal, and a former Goldman Sachs banker was sentenced to two years in prison for his role in the 1MDB scandal. Plus, how Wall Street offloaded billions of dollars of debt from Elon Musk’s Twitter deal.Mentioned in this podcast:Court tariffs bombshell should inspire trading partners to defy TrumpTrade Secrets NewsletterFormer Goldman Sachs banker sentenced to two years in prison for 1MDB roleHow Wall Street offloaded $13bn of debt tied to Elon Musk’s Twitter dealToday’s FT News Briefing was produced by Sonja Hutson, Fiona…
Bacteria ‘like monsters’ on overcrowded wards as doctors run out of basic supplies including antibiotics Source link