ByteDance’s US investors weigh options as bill to ban TikTok advances

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ByteDance’s US investors are reviewing a range of options to address US government concerns over TikTok while salvaging their investments, including steps to take voting control of the popular video-sharing …

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The lost future of young Gazans

This was supposed to be Yasser al-Ostaz’s final year at Al-Azhar University in Gaza City before graduating as an engineer. But on October 7, exactly a week after classes started in 2023, his hopes of completing his degree were shattered. Al-Ostaz, from north Gaza, is now living in a tent …

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Multiple Land Rover models recalled for fire risk

Jaguar Land Rover Australia has recalled 361 examples of the 2020-2024 Discovery Sport, Range Rover Evoque and Range Rover Velar due to a fire risk caused by an oil leak. The latest recall comes a day after three other Land Rover models were recalled for an unrelated fire risk. “Due …

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Sunak rules out holding a general election in May

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Prime Minister Rishi Sunak has ruled out calling a general election in May, dashing the hopes of opposition MPs who believed there could be a new UK government by the …

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US stocks slide on sticky inflation data

Argentina’s senate has rejected a sweeping emergency decree issued by president Javier Milei to deregulate the economy, serving a major blow to the libertarian leader. Senators voted 42 to 25 to reject the decree, with four abstentions. Issued in December, Milei’s plan modifies or eliminates more than 300 regulations on …

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10-year Treasury yield up the most in a month on sticky inflation data

Big share price moves in Europe today include German chemical group Lanxess, potash and salt maker K&S, UK travel booking company Trainline and German electricity company Encavis. Lanxess: Shares in the German speciality chemicals company dipped 7 per cent as the group reported that its earnings before interest, tax, depreciation …

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Italy’s bond spread sinks to 2-year low as economy outshines Germany

A rally in Italian government bonds has narrowed the closely watched gap between the country’s borrowing costs and Germany’s to the lowest level in more than two years, as investors become increasingly optimistic about the prospects for Italy’s economy and position for interest rate cuts. The so-called spread, or gap, …

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European corporate credit spreads hit two-year low as rate cut hopes shift

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Borrowing costs for European companies have fallen to a two-year low against benchmark bonds, as shifting expectations on interest rates narrow the gap with their US counterparts. The average European …

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RedBird IMI favours Telegraph sale after Sunak moved to block deal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. RedBird IMI is leaning towards a full sale of Telegraph Media Group following the UK government’s decision to block its Abu Dhabi-backed takeover of the rightwing newspaper, according to people …

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Rishi Sunak rules out holding a general election in May

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Prime Minister Rishi Sunak has ruled out calling a general election in May, dashing the hopes of opposition MPs who believed there could be a new UK government by the …

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RedBird IMI favours Telegraph sale after Sunak sought to block deal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. RedBird IMI is leaning towards a full sale of the Telegraph Media Group following the UK government’s decision to block its Abu Dhabi-backed takeover of the rightwing newspaper, according to …

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