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The Latest Breaking News from FT

THG lowers profit expectations despite record sales after £100m cost cutting

THG confirmed that a further £30m of savings are to be found this year

Birmingham Post

How Apple tied its fortunes to China

The company spent two decades and billions of dollars building a supply chain of unprecedented sophistication. Now, a reckoning is coming

Financial Times

Rupert Murdoch spotted in Barbados with new girlfriend Ann-Lesley Smith

New relationship comes months after media mogul’s abrupt divorce from actor and supermodel Jerry Hall

The Independent UK

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China to take ‘golden shares’ in tech firms Alibaba and Tencent

Move marks shift in focus by Beijing as it tries to extend influence and keep sector in check

The Guardian - UK

How Germany became Europe’s leading Big Tech trust buster

While EU regulators slowly roll out their own enforcement mechanism, Berlin is already holding gatekeepers to account

Financial Times

Rishi Sunak restarts talks on London listing for UK tech firm Arm

Japanese investor SoftBank thought to favour New York for computer chip designer’s IPO

The Guardian - UK

The Murdoch family trust: how the scions could battle for control

The proposed Fox-News Corp merger could portend a realignment of the interests of Rupert Murdoch’s children

Financial Times

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Elon Musk’s Starlink has inspired Taiwan to build a similar satellite system to the one Ukraine is using in its war with Russia

“Our primary concern…is facilitating the societal resilience,” Audrey Tang, Taiwan’s digital affairs minister, told the FT.

Fortune

How serious is the threat of new Covid-19 variants?

A surge in cases after China lifted restrictions has sparked concerns that a dangerous new strain could emerge

Financial Times

UK economic outlook 'as bad as it gets' – and Tories made it worse, experts warn

THE economic future facing the UK in 2023 is “as bad as it gets” and will be “much worse” than the pandemic, top economists have said – as…

The National (Scotland)

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

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

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The Independent UK

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

Daily Mirror

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

Tribune News Service

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.

Fortune

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.”

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news in one place.

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The Independent UK

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 Guardian - 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

Financial Times

‘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

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.”

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