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The Latest Breaking News from the Financial Times

GlobalFoundries: European Chip Subsidies May Damage Ability to Compete

GlobalFoundries, a specialist semiconductor foundry company, has come forward with warnings about how Europe's planned chip subsidies might impact the highly-competitive semiconductor manufacturing landscape.

Tom’s Hardware

Russia moves to ban iPhones for government officials over US spying fears

Apple has denied working with US intelligence services

The Independent UK

Australia tasks new governor with slowing inflation, as NZ food prices soar

As markets overseas celebrate a 'Goldilocks scenario', New Zealand consumers price index data this week is set to reveal an inflation headache. Andrew Patterson reports.

Newsroom.co.nz

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Editorial: Was it ‘Bidenomics’ that brought down inflation?

In a major economic policy speech in the lobby of Chicago’s old main post office in June, President Joe Biden enthusiastically branded his economic growth strategy as “Bidenomics,” a term that was basically created by The Wall Street Journal and the Financial Times but, like “Obamacare,” has been embraced by…

Chicago Tribune

Is Turkey turning back towards the West?

Turkey surprised observers this week when it reversed course and approved Sweden’s bid to join Nato.

The Week

HBS withdraws papers from its dishonesty expert after she was found to be dishonest

Researchers allege that Harvard Business School professor Francesca Gino manipulated data in four of her studies, including one on dishonesty.

Fortune

Apple Vision Pro production only 10% of predictions – is it giving up on 3D camera already?

The Financial Times reports that Apple's Vision Pro mixed-reality glasses are facing serious setbacks in production

Digital Camera World

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Toyota Announces EV Battery Breakthrough

Toyota has made a technological advance that might reduce the weight, size, and price of batteries by half.

Zenger

Russia-Ukraine war: at least 19 injured in drone attack; US ambassador meets with jailed reporter Evan Gershkovich in Moscow – as it happened

Child among people injured in attack in Sumy; Lynne Tracy visits Wall Street Journal reporter in prison after court upholds FSB request to extend his detention

The Guardian - AU

Apple's Vision Pro headset crippled by manufacturing issues — shipping slashed

Vision Pro is coming 'early next year' – but Apple seems to be suffering from supply chain and manufacturing issues with the headset.

iMore

A boat trip around Sweden’s Bohuslän islands

For the 100 miles or so from Gothenburg to the Norwegian border, Sweden’s west coast splinters into more than 8,000 islands and “skerries” of grey and pink granite. This is the Bohuslän archipelago, says Stanley Stewart in the Financial Times – remote, barren and “stunningly beautiful”.

The Week

Linda Yaccarino wants Twitter staff ready for ‘hand-to-hand combat’

Yaccarino has set the dice flying in her bid to turn around Twitter—and it's going to take some hard graft by her sales team.

Fortune

Meta splurged $2.3M on Zuckerberg’s private jets last year—the most among the S&P 500

But Meta spent even more on one of its other executives.

Fortune

Nissan Investigating Claims That CEO Kept COO Under Surveillance: Report

A letter to the Financial Times revealed COO Ashwani Gupta was under surveillance for questioning the revised Renault agreement.

Motor1

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The Guardian - UK

Government scheme to send asylum seekers to Rwanda will cost £169,000 per person, Home Office says – as it happened

Home secretary says benefits of deterring irregular immigration should also be considered, as economic impact assessment published

The Week

Driving to South America’s northernmost tip in Colombia

On the far north edge of Colombia there is a desert peninsula the size of Wales, where Arizona-like landscapes meet the sparkling waters of the Caribbean. Home to the indigenous Wayuu people, La Guajira is a place of great “beauty and strangeness”, said Ruaridh Nicoll in the Financial Times. The…

Liverpool Echo

TikTok launches shopping platform to rival Amazon and Shein in major app change

'Trendy Beat' will offer products from viral videos such as clothing and even tools to remove ear wax

Nottingham Post

TikTok to launch shopping platform to rival Amazon and Shein in major app change

'Trendy Beat' will offer products from viral videos such as clothing and even tools to remove ear wax

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Wales Online

TikTok launching shopping platform to rival Amazon and Shein in major app change

'Trendy Beat' will offer products from viral videos such as clothing and even tools to remove ear wax

Bangkok Post

Top executive quits Nissan in new leadership turmoil

TOKYO: Nissan top executive Ashwani Gupta is leaving the company, the Japanese automaker said Friday, in a surprise departure that will revive concerns about the stability of the firm's leadership.

The Guardian - UK

Western firms snub ‘Russian Davos’ as its prestige evaporates

Annual event headlined by Vladimir Putin described as ‘totally toxic’ since full-scale invasion of Ukraine

The Guardian - UK

Two more major investors cut ties with hedge fund founded by Crispin Odey

Schroders and Canada Life cut ties after 13 women accuse Odey of abuse or harassment over decades, which he denies

The Guardian - UK

Financial watchdog investigating Crispin Odey after sexual assault allegations

Morgan Stanley also cuts ties with Tory donor’s hedge fund over report of alleged incidents, which he denies

Fortune

IMF's Gopinath: We lack the 'luxury of time' with A.I.

Gita Gopinath argued that automation in manufacturing is an example of how experts can't accurately gauge the impact of tech on the labor force.

The Guardian - UK

CBI members back reform package at extraordinary general meeting – as it happened

British businesses have given the CBI a vote of confidence as the lobby group takes steps to reform itself

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