Author: Press Room

China thought it could steal a US military chopper by bribing a Taiwanese pilot, per CTWant.The pilot was offered $15 million to steal and land the chopper on a Chinese aircraft carrier.The heist was foiled after the pilot was detained by Taiwanese authorities. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A Taiwanese helicopter pilot was offered a fortune by China to steal a US military helicopter for them, according to a Taiwanese online magazine CTWant.According to the magazine, the pilot was initially offered…

Stay informed with free updatesSimply sign up to the European banks myFT Digest — delivered directly to your inbox.France is pushing for banks not to be held liable for the environmental or labour shortcomings of their clients as crunch talks get under way on new EU due diligence rules, effectively calling for the proposed regulations to be watered down. Negotiators from the bloc’s governments, European parliament and the European Commission will seek to reach an agreement on the text on Wednesday, with Paris leading calls for banks to be exempt from the new due diligence rules, at least temporarily, or…

2/2 © Reuters. FILE PHOTO: Fumio Kishida, Japan’s prime minister, departs from a news conference at the prime minister’s official residence in Tokyo, Japan, November 2, 2023. Kiyoshi Ota/Pool via REUTERS/File Photo 2/2 By Kantaro Komiya and Sakura Murakami TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida on Wednesday announced he planned to make changes to his cabinet as he seeks to stem the fallout from a fundraising scandal that has further dented public support for his administration. The embattled premier told a press conference he would make the changes on Thursday and said his administration had a “strong sense…

2/2 © Reuters. FILE PHOTO: Visa credit and debit cards are seen in this picture illustration taken August 2, 2022. REUTERS/Benoit Tessier/File Photo 2/2 By Iain Withers LONDON (Reuters) – Britain’s payments regulator on Wednesday provisionally proposed a cap on cross-border interchange fees charged by Mastercard (NYSE:) and Visa (NYSE:) on transactions made between the UK and European single market. The Payment Systems Regulator (PSR) said a cap would protect businesses from overpaying, after it published interim findings of a market review on interchange fees charged since Brexit, when the bloc’s longstanding cap ceased to apply in Britain. UK lawmakers…

© Reuters Investing.com– Gold prices hovered below key levels on Wednesday as markets grew wary of non-yielding assets before the conclusion of the Federal Reserve’s final meeting for the year. Recent signs of strength in the labor market and sticky U.S. inflation dented expectations that the central bank will trim interest rates earlier in 2024. While the Fed is still expected to keep rates on hold later on Wednesday, its outlook for 2024 remains uncertain. Uncertainty over the Fed had spurred wild swings in gold prices this month, with the yellow metal briefly hitting record highs of over $2,100 an…

Loren Elliott/Getty Images News Elon Musk’s SpaceX (SPACE) will offer insider shares for $97 apiece, increasing the company’s valuation to around $180B, as per a Bloomberg report that cited people familiar with the matter. This represents a considerable rise from the previous expected valuation of $175B, as the space firm was evaluating offering shares at about $95 apiece. However, the terms and size of the tender offer have not been finalized yet, according to the report. The higher valuation is likely due to strong investor demand for the rocket maker’s shares and its rapidly expanding Starlink internet-from-space service, which crossed…

© Reuters. FILE PHOTO: Argentina’s Minister of Economy Luis Caputo speaks to the press, one day after the inauguration of Argentina’s President Javier Milei, in Buenos Aires, Argentina, December 11, 2023. REUTERS/Agustin Marcarian/File Photo BUENOS AIRES (Reuters) – Argentine Economy Minister Luis Caputo laid out the new government’s economic shock plan on Tuesday, targeting public spending and a sharp currency devaluation as it looks to defuse the country’s worst economic crisis in decades. In a prerecorded announcement Caputo said the peso would be weakened to around 800 per dollar from some 365 now, discretionary transfers to the provinces would be…

Texas Gov. Greg Abbott, a Republican, told colleges and universities in the Lone Star State on Tuesday that they should avoid teaching students about any social agendas and should work to root out antisemitism on their campuses.Abbott was speaking at the annual conference of the Texas Higher Education Coordinating Board at the University of Texas in Austin when he warned universities that business executives are not interested in the social or political motivations of the academic institutions prospective employees attend, according to Fox 7.”There’s been none of them who have asked me what is the ideological bent of what is…

Neo-hedonism, personal wellbeing, and emerging technology will shape consumer spending in 2024, Diageo says.The beverage company analyzed consumer-behavior trends in a new report.People are splashing out on experiences like concerts and traveling, and choosing food with mood-enhancing properties. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app “As financial challenges loom, consumers are re-evaluating their relationship with luxury and status,” Diageo, the company behind alcohol brands including Guinness, Smirnoff, and Johnnie Walker, said in a new consumer-trends report.Trends being embraced by consumers include so-called “neo-hedonism,”…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Entain chief executive Jette Nygaard-Andersen has stepped down with immediate effect after coming under fire from investors for a languishing share price and a series of costly acquisitions.The Ladbrokes owner said on Wednesday that Nygaard-Andersen, who had only held the top job since 2021, would be replaced on an interim basis by non-executive director Stella David.The announcement of Nygaard-Andersen’s departure follows Financial Times reports in recent weeks that Entain had three US activist funds among its top 20 shareholders and there was…