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The Latest Breaking News from FT

The regional banking crisis is expanding

Reports have both PacWest and Western Alliance seeking buyers.

Axios

FCA urges Capita clients to ascertain if data was compromised in cyber-attack

Corporate clients that outsource work to Capita – including Aviva and Phoenix Group – must ‘assess fallout from data breach’

The Guardian - UK

Power subsidy request slashed

The caretaker cabinet will submit a new proposal to the Election Commission (EC) seeking approval for a reduced 10.464-billion-baht subsidy for household power bills, 648 million baht less than the previous request that was rejected by the regulator.

Bangkok Post

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Harry Potter's Emma Watson says finding fame made her 'feel caged'

Emma Watson has opened up about taking a four year hiatus from acting after shooting to fame as Hermione Grainger in Harry Potter, which made her a household name

Daily Mirror

Reduced B10bn power subsidy needs EC approval

The caretaker cabinet will submit a new proposal for a reduced, unbudgeted 10.464 billion baht subsidy on household power bills to the Election Commission for approval, 648 million baht less than the one rejected by the regulator.

Bangkok Post

I know a power bill con when I see one

What is your reaction when seeing the latest electricity bill?

Bangkok Post

How education became the new faultline in British politics

A growing number of voters are graduates and they are becoming less likely to back the Conservatives, threatening to redraw the country’s electoral map

Financial Times

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British American Tobacco fined for North Korea sanctions breaches

The world’s second-largest tobacco company has agreed to pay $635m (£510m) in fines plus interest after a subsidiary admitted violating sanctions by selling cigarettes to North Korea.

The Week

North East firms Greggs, Go-Ahead and Sage on list of Europe's climate leaders

The three Newcastle firms are praised for efforts in reducing their climate emissions

Birmingham Post

Was Dominic Raab really stitched up?

Dominic Raab resigned as deputy prime minister and justice secretary last week after an independent inquiry concluded that his treatment of civil servants had, in some cases, amounted to bullying.

The Week

No 10 hits back at Microsoft after company says EU ‘more attractive’ post-Brexit after takeover blocked – as it happened

Live coverage of business, economics and financial markets as US tech company heavily criticises UK’s Competition and Markets Authority

The Guardian - UK

UK regulators block Microsoft's Activision acquisition in potentially fatal surprise blow

Microsoft says it will appeal the decision.

PC Gamer

Microsoft Teams is about to become optional for Office users

Previously, having Microsoft Teams installed alongside Office was a requirement, but that’s about to change.

TechRadar

Why Europe’s stock markets are failing to challenge the US

In the second part of a series, the European dream of building bourses to rival those in America faces practical, political and cultural obstacles

Financial Times

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Tom’s Hardware

Arm Developing Reference Chips to Attract New Customers: Report

Arm reportedly forms solutions team to develop advanced SoC prototypes.

Financial Times

Silicon Valley Bank: the multiple warnings that were missed

Ahead of the first official postmortem on its collapse, bankers, regulators and executives admit that it was a crisis hiding in plain sight

Fortune

Mike Bloomberg plans to leave his company to Bloomberg Philanthropies—with enormous implications for charity

The move would be similar to one made by Patagonia’s founder last year, but on a much bigger scale.

Tribune News Service

At least 9 members of Congress sold bank stocks during turmoil, report says

WASHINGTON — At least nine members of Congress sold banking stocks before and during the market turmoil in March, the Financial Times reported.

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news in one place.

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Bangkok Post

ERC move 'won't solve main reasons' for pricey electricity

Energy activists and politicians have expressed reservations about a decision by an Energy Regulatory Commission (ERC) subcommittee to cut the electricity rate from May to August, saying it does not address the real cause of expensive power bills.

The Guardian - UK

Gareth Smyth obituary

Other lives: Political journalist who covered the Middle East for 30 years, from the UK and as the Financial Times’s chief Iran correspondent in Tehran

The Week

‘Red Rishi’ no more: is Sunak shifting rightwards?

Rishi Sunak goes into the weekend one ally down after Dominic Raab’s resignation but having avoided a rebellion from the right-wing of his party on the small boats crisis and having potentially shaken off the “red Rishi” tag for good.

Bangkok Post

Fuel tariff discount to bring some relief

The Energy Regulatory Commission (ERC) is expected to announce a reduction in the fuel tariff (Ft) from May to August on Friday, which will bring down the power tariff rate for households to 4.70 baht per kilowatt-hour unit, from 4.77 baht per unit.

The Week

Just Stop Oil: who are the eco-protesters and what do they want?

The London Marathon is braced for disruption from Just Stop Oil after an activist from the protest group covered one of the tables at the World Snooker Championship with orange powder earlier this week.

The Week

Richard Sharp: ‘grim’ report that could spell the end for BBC chair

The chair of the BBC may be forced to resign over alleged conflicts of interest after failing to declare his involvement in a loan worth £800,000 to the then prime minister Boris Johnson.

The National (Scotland)

'Probable' Tory donor will be forced to quit as BBC chair next week, reports say

RICHARD Sharp, the Tory donor installed at the top of the BBC chair by Boris Johnson’s government, will likely be forced to step down ...

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