Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The National Infrastructure Commission chair has poured cold water on Rishi Sunak’s plan to get private developers to fund an expensive tunnel under London connecting the HS2 rail line to Euston in the heart of the capital.Last month Sunak cancelled the northern leg of the high-speed railway line, but confirmed that HS2 would run from Euston station in the centre of London to Birmingham in the Midlands.The UK prime minister claimed that taxpayers would save £6.5bn on the Euston development because developers…
© Reuters Here is your weekly Pro Recap of the past week’s biggest headlines in the electric vehicle space: Tesla’s China price change; Ford resumes construction; and VW boosts wages.Get news like this in real-time by signing up for InvestingPro.Tesla TSLA increases Model Y price in ChinaElectric vehicle (EV) giant, Tesla Inc (NASDAQ:) announced Tuesday that it has increased the price of its Model Y Long Range Dual Motor All-Wheel Drive (AWD) in China, indicating a healthy appetite for the all-electric crossover.According to Tesla China’s announcement on local social media platforms, the Model Y Long Range now carries an increased…
First Capital declares $0.27 dividend
New York City Mayor Eric Adams said city officials are investigating a “vile show of antisemitism” in which students at a high school in Queens reportedly rioted after learning a teacher attended a pro-Israel rally.The incident shut down Hillcrest High School in Jamaica Hills, Queens, for two hours on Monday and forced the teacher to hide inside a locked office while the students rampaged down the halls, the New York Post first reported.”The vile show of antisemitism at Hillcrest High School was motivated by ignorance-fueled hatred, plain and simple, and it will not be tolerated in any of our schools,…
Hostages were scared they’d be killed when they were moved from the tunnels they were being held in.One hostage told her family they only realized they were being freed when they saw Red Cross buses.She said she knew there’d been a change in the war when the sound of Israel’s bombardment stopped. 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 grandmother told her family that the Israelis being held hostage by Hamas thought they were about to be executed the night of their…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An upcoming sale of shares in OpenAI is set to test how much the past week’s leadership chaos has cost the company and its backers, though big investors are bullish about securing a high valuation.The employee stock sale, which had been planned before the sacking last week of chief executive Sam Altman and expected to value the company at $86bn, will continue as planned, according to two investors with direct knowledge of the matter.It will be the first test of investor appetite…
© Reuters. The consortium led by Brookfield Asset Management (TSX:) Ltd. has revised its takeover offer for Origin Energy Ltd., now proposing a US$10.6 billion bid excluding debt. This strategic move comes as a response to pushback from AustralianSuper, which had shown resistance to the initial acquisition proposal. The new plan also includes an alternative strategy to split Origin’s operations between Brookfield and EIG Global Energy Partners, should the deal encounter hurdles in gaining shareholder approval. In other market news, the Toronto Stock Exchange (TSX) experienced slight gains earlier this week on Wednesday, with the composite index closing at 20,116.66…
anyaberkut/iStock via Getty Images Advertising tech firm Criteo (NASDAQ:CRTO) could be an attractive acquisition target with upside of as much as 40% in a potential takeover, according to a research report from DA Davidson earlier this month. “As CRTO’s faster-growing Retail Media business grows a larger/larger percentage of CRTO’s mix (18% of net revenues as of 2Q’23), we expect CRTO to demonstrate that its business is more resilient to various privacy/ regulatory shocks than it has been in years past,” DA Davidson analysts wrote in a wide-ranging report called “STAMPEDE” on Nov. 13. “As a result, we believe the right…
Two days after Donald J. Trump left the White House, The New York Times published a story about how one of his last acts as president had been to commute the 10-year sentence of Jonathan Braun, a marijuana smuggler who had ongoing legal problems and a reputation for making violent threats.In his final weeks in office, Mr. Trump had used his pardon power on behalf of a parade of loyalists, as well as scores of others who were not big political names. But few of them stood out like Mr. Braun, who was still under investigation by the Justice Department…
Changpeng Zhao, Co-Founder & former CEO, Binance has now pled guilty to criminal charges in the USA. … [+] (2002 Photo By Ben McShane/Sportsfile for Web Summit via Getty Images)Sportsfile for Web Summit via Getty Images The King is dead, long live the king. On Tuesday, November 21, Binance, what was the world’s largest cryptocurrency exchange, and the CEO, Changpeng Zhao (CZ), both pled guilty to having engaged in criminal activity. With the U.S. government finally prosecuting the largest crypto-criminals, perhaps now cryptocurrencies can emerge from the shadows and grow towards their potential. Digital assets and blockchain technology have been…