HTSI editor Jo Ellison © Marili Andre The first tiny chill of autumn, a new term starting, and the cultural world is stirring once again. This weekend will see the FT Weekend Festival in action and I hope readers joining, whether virtually or in person, will find time to visit the HTSI offering. This year
Investing
Uber Technologies Inc.’s (UBER) explosive growth and constant controversy make it one of the most fascinating companies to emerge over the past decade. The global ridesharing application, founded in 2009, disrupted modern transportation as we know it and at one point grew to become the highest valued private startup company in the world. Ten years after
In this article XOM A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, May 15, 2021. Kathleen Flynn | Reuters Activist firm Engine No. 1 after winning three board seats at Exxon is meeting with other oil companies in its climate change fight, a source familiar told CNBC’s David Faber. The hedge
Like a Bat out of Hell pounds from a ghetto blaster outside one of the small terraced houses on Beaumont Street. For the couple and their two children who sit on garden chairs in the potholed road listening to it, this is what passes for entertainment in the most deprived part of the most deprived
Viewed through a snorkel, a seagrass meadow in the clear waters of Scotland’s Loch Craignish is a fine sight. Long green blades of the underwater flowering plant, also known as eelgrass, sway gently in the tidal current, while in their shade multicoloured crabs face off near the half-buried shell of a native oyster. It is
The Committee on Financial Services of the United States House of Representatives held a virtual hearing on Feb. 18, 2021, with the title “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.” The announcement for the hearing noted that “recent market volatility involving GameStop [Corporation (GME)] stock and other
The US economy created 235,000 jobs in August, a sharp decline from the previous month and a sign that the more contagious Delta coronavirus variant is having an effect on hiring plans. Non-farm payrolls data released by the Bureau of Labor Statistics on Friday marked a sharp deceleration from the upwardly revised 1.1m jobs created
In this article DIDI Budrul Chukrut | LightRocket | Getty Images Shares of Didi are poised for double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubled ride-hailing giant under state control by acquiring a stake through government-run firms. State-owned Beijing Tourism Group and other companies
Many of the large US companies that have spoken out on everything from voting rights and racial equality to transgender recognition in recent years are so far dodging the polarising debate over abortion as some of the country’s tightest restrictions go into effect in Texas. The “heartbeat” law bans abortions after cardiac activity is detected,
The European Commission has ended an acrimonious court dispute with AstraZeneca over delayed Covid-19 vaccines, dropping an attempt to levy billions of euros in penalties on the UK drugmaker. Under the settlement, AstraZeneca will have until the end of the first quarter of 2022 to finish its deliveries to the EU, after missing a deadline
Private equity firm Antin is planning to list in Paris, raising €350m, as it seeks to capitalise on a public spending boom on infrastructure in wealthier nations. The Paris-based company said on Friday it was considering selling €350m of new shares, as well as a limited sale of existing shares held by its co-founders. Formed
There are distinct advantages and disadvantages of using systematic sampling as a statistical sampling method when conducting research of a survey population. Systematic Sampling: An Overview Systematic sampling is simpler and more straightforward than random sampling. It can also be more conducive to covering a wide study area. On the other hand, systematic sampling introduces
Myanmar’s junta has approached foreign banknote companies to help it print more money as it faces a shortfall in tax and export revenues, according to the shadow government formed by supporters of ousted leader Aung San Suu Kyi. The approach, which was confirmed by a second person with knowledge of the situation, comes amid a
Huge inflows to a BlackRock China bond exchange traded fund have helped sustain a 25 per cent rise in Europe-domiciled China fund assets under management in the first seven months of the year. The investment manager’s iShares China CNY Bond UCITS ETF was the best-selling China fund over the period, attracting net flows of €4.5bn. The second most
Nearly 15 years ago, Alphabet Inc.’s (GOOGL, GOOG) Google purchased YouTube for the hefty sum of $1.65 billion. The actual date the news hit was Oct. 9, 2006. That may seem like a small sum for the behemoth that YouTube is today. But back then, the video site had been around for less than two
Joe Biden has accused the US Supreme Court of unleashing “unconstitutional chaos” after it made a ruling that allows Texas, the second most populous state, to enact a law banning abortions after roughly six weeks of pregnancy. The US president hit out at the court after it issued an overnight judgment permitting the southern state
Wall Street’s leading stock benchmark hit record highs on Thursday ahead of Friday’s keenly watched US labour market report which will help set the path of monetary policies that have shored up markets during the pandemic. The blue-chip S&P 500 was up 0.1 per cent by mid-afternoon in New York, hitting a high, while the
Splitwise is a free app that allows consumers to split expenses with friends. If a group needs to share the cost of a particular bill, Splitwise ensures that anyone who pays is reimbursed the correct amount and with a minimal number of transactions. Splitwise, users can send an email notification when a bill is due,
The introduction of new technologies often sparks moral panics. Socrates warned that writing degraded understanding. In the 19th century, passengers worried that women’s uteruses might fly out of their bodies if they travelled too fast on railway trains. And the lobbyist Jack Valenti told the US Congress that the video cassette recorder was as dangerous
Democrats want to drive carbon emissions out of the US power grid. But groups representing thousands of smaller electric utilities are wary of being conscripted in the campaign. The Democratic-led US Congress last week approved a $3.5tn budget framework set to include a “clean electricity payment programme”, which would reward utilities that sell more zero-carbon
Modern divorces bring with them interesting (and potentially painful) problems to resolve—like who gets to decide the fate of any frozen embryos or who gets custody of shared pets. It also involves traditional issues, such as child custody and visitation rights. Deciding how to share or divvy up rights to living and potential living beings
European companies have been hit with a rise in shareholder protests over pay at annual meetings this year as big investors sought to punish businesses they think funnelled too much cash to executives during the pandemic. According to a report by Georgeson, a corporate governance consultancy, there was an 18 per cent rise in shareholder
Apple said on Wednesday that it would loosen strict payment rules for certain app developers including Netflix and Spotify, allowing them to include links to their websites that would enable the companies to bypass the fees imposed by the iPhone maker. The concession was prompted by an investigation into Apple’s App Store by the Japan
Electric car maker Tesla, Inc. (TSLA) might say Namaste to India soon. The country’s Ministry of Road Transport and Highways has tested four Tesla models and certified them to be roadworthy. “The tests ensure the vehicle matches the requirements of the Indian market in terms of emission and safety and road worthiness,” the ministry stated
The UK has drawn up secret contingency plans to move its Trident nuclear submarine bases from Scotland to the US or France in the event of Scottish independence. Another option under consideration is for the UK to seek a long-term lease for the Royal Navy’s nuclear bases at their current location in Faslane and Coulport
Joe Biden sought to reassure Ukraine of America’s “ironclad” commitment to its sovereignty and opposition to “Russian aggression” at a White House meeting with president Volodymyr Zelensky on Wednesday. Their meeting follows tensions between Washington and Kyiv that have surfaced in recent months over the US approach to Russia, with Ukrainian officials concerned the Biden
Editor’s note: Below you’ll find the week 53 release of the NYC Recovery Index, originally published August 24, 2021. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index remained unchanged as of August 14, maintaining its score of 76, where it has hovered for nearly a month. COVID-19
European football’s biggest clubs have slashed spending on players, even as the sport’s summer transfer window included blockbuster moves for the likes of Lionel Messi and Cristiano Ronaldo. The reduced spending on transfer fees reflects two years of financial losses caused by the coronavirus pandemic leaving the sport’s executives struggling to profit from the multibillion-euro
Former Afghanistan president Hamid Karzai is unlikely to play a prominent role in a Taliban-led government, while veteran politician Abdullah Abdullah is viewed as the “least controversial” option by the Islamist movement, according to two senior Pakistan officials. “The Taliban are ready to recruit them,” said one of the officials, but added it would be
Buy now, pay later (BNPL) represents a growing payment trend among shoppers. Point-of-sale (POS) installment loans like these allow consumers to make purchases online or in stores and pay for them in a number of installments, often interest-free. As many as 60% of consumers have used buy now, pay later services the past, and 46%