Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.In the latest in a series of business-school-style teaching case studies, Professor André Spicer looks at the fallout from Coutts’ decision to close Nigel Farage’s bank account and what it reveals about collisions between companies’ and customers’ values. After reading the article, consider the questions raised.In June 2023, Nigel Farage — the rightwing British politician and television presenter — appeared on his regular show on GB News. He described how he had been contacted by his bank and told it planned to…

© Reuters. FILE PHOTO: A tradesman works on the roof of a house under construction at a housing development located in the western Sydney suburb of Oran Park in Australia, October 21, 2017. Picture taken October 21, 2017. REUTERS/David Gray By Devayani Sathyan BENGALURU (Reuters) -The Reserve Bank of Australia will keep its key interest rate unchanged at 4.35% on Tuesday and a rate cut is now not expected to happen until the fourth quarter of next year due to a strong housing market, according to a Reuters poll. Even with rates at a 12-year high, Australian home prices have…

© Reuters. File photo: Miniatures of windmill, solar panel and electric pole are seen in front of Brookfield Renewable logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File photo By Scott Murdoch SYDNEY (Reuters) – The outcome of a Brookfield consortium’s $10.6 billion bid for Australia’s Origin Energy will be officially known on Monday, with investors expected to vote down its year-long attempt to buy the country’s largest power retailer. Origin’s largest shareholder, A$300 billion ($198.36 billion) pension fund AustralianSuper, has said it would reject the A$9.39 per share offer. AustralianSuper owns about 17% of Origin, which should be…

DaveAlan/iStock Unreleased via Getty Images Alaska Air (NYSE:ALK) said Sunday it agreed to acquire Hawaiian Airlines (HA) for $18/share in cash, valuing the transaction at ~$1.9B including debt. The companies said the combination of complementary domestic, international and cargo networks would enhance competition and expand choice for consumers on the U.S. west coast and the Hawaiian Islands. Alaska Air (ALK) said $235M of expected run-rate synergies reflect a conservative estimate of the deal’s synergy potential. The company also expects the deal will generate high single digit earnings accretion within the first two years and high teens thereafter, and mid-teens return…

White House National Security Council spokesman John Kirby on Sunday blamed Hamas for ending the temporary cease-fire agreement with Israel. In an appearance on “Fox News Sunday,” Kirby told host Shannon Bream that the United States believes eight or nine Americans are still held hostage by Hamas in Gaza, including one woman whose condition and whereabouts are unknown.”We just don’t have perfect visibility,” Kirby said. “We’re at this literally by the hour, and we want to get that [cease-fire] put back in place so that, again, more hostages can come out.” “Hamas is the reason that the pause ended, because they refused…

Mattel released a new Barbie honoring a late Cherokee chief in its “Inspiring Women” series.But the doll’s box has a spelling error that says “chicken” instead of “Cherokee.”The tribe expressed appreciation for the tribute and regret that Mattel didn’t consult the tribe. 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 new Barbie doll from Mattel honoring the late chief of an indigenous tribe is seeing mixed reactions in part due to a spelling error on the box.The doll, made in the image of the late Cherokee…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.By the time Esther Hardi confirmed she was going to pursue an executive MBA, there was just a week to go before the programme began.Having missed out on the preparation time enjoyed by many students, she had to focus hard when the course started. But it proved to be an early lesson in teamwork, she says — a prescient experience for the energy professional who now says so much of the EMBA’s value has stemmed from how her coursemates renewed her professional…

© Reuters. File photo: Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S., April 28, 2020. REUTERS/Marco Garcia/File pho (Reuters) -Alaska Air said on Sunday that it has entered an agreement to acquire Hawaiian Airlines for $1.9 billion, which includes $900 million of Hawaiian Airlines net debt. Alaska Airlines will acquire Hawaiian Airlines for $18.00 per share in cash, the two companies said, adding that the transaction will unlock more destinations and expand access throughout the Pacific region, continental…

The U.S. government is making an intense effort to persuade Israel and Hamas to resume negotiations so they can once again pause hostilities and exchange more prisoners for hostages, a White House spokesman said on Sunday.“We are still working it really hard, hour by hour, to see if we can get the sides back to the table and see if we can get something moving,” John F. Kirby, the strategic communications coordinator at the White House National Security Council, said on NBC’s “Meet the Press.” “We would like that to happen today. But honestly, I just don’t know.”In appearances on…

Larry Page and Elon Musk argued about AI at Musk’s 44th birthday party in 2015.Page reportedly said humans would eventually merge with machines.Musk said that machines would destroy humanity. 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 Tesla CEO Elon Musk and Google cofounder Larry Page disagree so severely about the dangers of AI it apparently ended their friendship. At Musk’s 44th birthday celebration in 2015, Page accused Musk of being a “specieist” who preferred humans over future digital life forms, according to The New…