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The Latest Breaking News from FT

‘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

Financial Times

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.

Bangkok Post

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.

Evening Standard

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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

Liverpool Echo

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.

Evening Standard

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

The Guardian - US

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.

Reuters

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Qatar reviewing London investments after TfL bans its adverts – report

Ban linked to World Cup hosts’ human rights record taken as message ‘Qatari business not welcome in London’, source tells FT

The Guardian - UK

Bob Iger was on a $10m consultancy deal with Disney before his return

Before his return to Disney, Bob Iger reportedly had a $10 million deal to advise his successor Bob Chapek, despite the two executives barely speaking.

Fortune

Victorian man who killed boy while felling tree in Tasmania sentenced to more than four years' jail

After seven years of delays and an emotional criminal trial, a Victorian man who killed the child of his partner while felling a tree in southern Tasmania has been jailed.

ABC News

TechScape: Inside the $8bn FTX crypto scandal – and its real-world impact

Sam Bankman-Fried was what everyone wanted a crypto billionaire to be – until things began to go very, very wrong

The Guardian - UK

ERC seeks consumer feedback on new tariff

People will be allowed to have a say regarding the new power tariff as the Energy Regulatory Commission (ERC) prepares to decide on the next hike, leading to higher electricity bills next year.

Bangkok Post

When Angela Rayner told the FT about her ‘boob job’, she was telling the rightwing press to bring it on

No disclosure goes unpunished by the tabloids if you are a Labour politician - and the typical defence is to say nothing. The deputy leader has a different strategy, writes Zoe Williams

The Guardian - UK

The 1.5°C global temperature limit is in jeopardy at COP27

Some countries want to remove the 1.5°C limit on temperature increase as fossil fuel lobbyists water down talks at the UN Climate Conference

Fortune

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Daily Mirror

Liverpool is Sir Jim Ratcliffe's ideal next step after billionaire's blunt admission

Fenway Sports Group are looking to sell Liverpool Football Club after 12 years at the helm at Anfield, while Sir Jim Ratcliffe, Britain's richest man, has already made clear his desire to own a Premier League club

Daily Mirror

Rishi Sunak poised to U-turn on Tory plans for privatisation of Channel 4

The Prime Minister vowed to push ahead with Boris Johnson's plan to sell off the public service broadcaster during the Tory leadership contest in the summer but the idea is now being reviewed

Daily Mirror

Ukrainian nurse ‘abducted and hung in street by pro-Russian cops after confronting Putin’s troops’

Tetyana Mudrenko and her husband Anatoliy were abducted from their front garden and had their home in occupied Kherson ransacked, according to reports

The Guardian - UK

Friday briefing: The grim reality of what happens to migrants after they leave detention

In today’s newsletter: As the home secretary visits the Manston asylum processing centre, this is what vulnerable asylum seekers face on entering in the UK

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Financial Times

The Bear and the chefs shaking up kitchen culture

There has long been a cliché of a shouty chef. Henry Mance asks if there is a kinder way to run a restaurant

The Independent UK

British businessman jailed after ‘taking phone to Himalayan yoga retreat’

Oil executive spent one week in jail

Axios

How Elon Musk became a powerful player in geopolitics

Private space companies are meeting — and often exceeding — the capabilities of governments.

The Independent UK

Conservatives defend DeSantis after story claims he used to pronounce Thai like ‘thigh’ to test dates

The Financial Times profile quotes a story relayed by a Yale classmate of the Florida governor’s

Financial Times

Glitz and Gladwell: the infighting over prized JPMorgan wealth clients

Author of ‘The Tipping Point’ calls on Jamie Dimon to intervene in tug of war for rich customers

The National (Scotland)

Johnson returns from holiday to plot route back to Number 10

BORIS Johnson has returned to the UK to plot a bid to return as prime minister in a move that has divided opinion even among former allies – after…

Manchester Evening News

Rishi Sunak gains valuable ally in likely bid for No 10 - as Boris Johnson backers challenged over claims he's reach magic number

It comes after Mr Johnson returned to the UK to plot a bid to rerun for the top job in a move that has divided opinion among Conservative MPs, including his former allies

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