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The Latest Breaking News from FT

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

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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

Arm Developing Reference Chips to Attract New Customers: Report

Arm reportedly forms solutions team to develop advanced SoC prototypes.

Tom’s Hardware

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

Financial Times

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.

Fortune

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.

Tribune News Service

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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.

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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 ...

The Week

The end of the era of cheap flights

Ticket prices for flights are expected to rise in the coming years as the airline industry wrestles with the costs of reaching net zero by 2050.

Fortune

Biden’s big manufacturing incentives are starting to have a big impact

President Joe Biden’s big spending packages for American industry are starting to have an impact.

The Week

Trip of the week: the glories of Trieste – then and now

As the great seaport of the Habsburg empire, Trieste was a “thriving ethnic, financial and cultural crossroads”, dubbed “Europiccola” (Europe in miniature) by James Joyce. Then came the First World War, and the grand geopolitical shifts of the 20th century, which left it ever more isolated – hemmed in on…

Fortune

An experimental cancer trial in France is getting a boost from the Gates Foundation: ‘Potential game-changer’

It might eventually lead to an affordable bedside machine that "fully and rapidly" re-arms the immune system.

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