Author: FT.com

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Appeal of former generals points to deep rifts in French society

Appeal of former generals points to deep rifts in French society

Appeal of former generals points to deep rifts in French society When it first appeared in an obscure military blog last month, a ringing call to arms by retired French generals that came close to calling for a coup d’état made it sound as though France was on the verge of civil war.  “France is...

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Uefa agrees peace deal with most rebel Super League clubs

Uefa agrees peace deal with most rebel Super League clubs

Uefa agrees peace deal with most rebel Super League clubs Europe’s football governing body has agreed a peace deal with the majority of clubs behind a botched attempt to launch a breakaway Super League last month, a move that reasserts its authority over some of the continent’s most powerful teams. Uefa reached a “reintegration” settlement...

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How to milk a pea: the battle for the plant-based drinks market

How to milk a pea: the battle for the plant-based drinks market

How to milk a pea: the battle for the plant-based drinks market For the past nine months, scientists at the Lausanne laboratories of the world’s largest food manufacturer have been busy working out how best to milk a pea. As the technicians developed their solution — combining pea proteins with water, chicory fibres, sugar and...

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Warren Buffett’s heir apparent comes out of the shadows

Warren Buffett’s heir apparent comes out of the shadows

Warren Buffett’s heir apparent comes out of the shadows More than a decade before Berkshire Hathaway investors finally got an answer to their most pressing question — who would succeed Warren Buffett — insiders at the company were already cultivating Greg Abel. David Sokol, then the chief executive of Berkshire’s sprawling energy business, told Buffett in 2007...

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Macron slams ‘Anglo-Saxons’ hindering vaccine exports

Macron slams ‘Anglo-Saxons’ hindering vaccine exports

Macron slams ‘Anglo-Saxons’ hindering vaccine exports France’s president sought to turn the tables on the Biden administration following its call for vaccine patent waivers, accusing “Anglo-Saxon” countries of hindering global supplies of life-saving jabs. Emmanuel Macron said the debate over intellectual property sparked by the US was a sideshow compared to existing barriers to the...

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Five reasons economists misjudged US payrolls data

Five reasons economists misjudged US payrolls data

Five reasons economists misjudged US payrolls data The US economy created 266,000 jobs in April, a big miss compared to expectations that the rapid US vaccination rollout and fiscal stimulus measures would generate employment gains close to 1m. The implication for the recovery is that America’s boom coming out of the winter surge in coronavirus...

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Goldman Sachs executes its first bitcoin derivatives trades

Goldman Sachs executes its first bitcoin derivatives trades

Goldman Sachs executes its first bitcoin derivatives trades Goldman Sachs executed its first cryptocurrency trades and formalised the set-up of its bitcoin desk on Friday, two months after the US bank announced that it would re-enter the fledgling market. In a memo sent to staff on Thursday, seen by the Financial Times, Rajesh Venkataramani, head...

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Hedge fund executive sentenced to 6 months in jail for bankruptcy fraud

Hedge fund executive sentenced to 6 months in jail for bankruptcy fraud

Hedge fund executive sentenced to 6 months in jail for bankruptcy fraud A prominent US hedge fund manager has been sentenced by a New York federal judge to six months imprisonment for his misconduct during the 2020 bankruptcy of luxury retailer Neiman Marcus. Dan Kamensky, the founder of Marble Ridge Capital, pleaded guilty in February...

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Electric truckmaker Nikola receives new SEC subpoena

Electric truckmaker Nikola receives new SEC subpoena

Electric truckmaker Nikola receives new SEC subpoena Nikola, the electric vehicle start-up, has attracted new scrutiny from the Securities and Exchange Commission, which has subpoenaed the company for information relating to its plans to raise more capital from investors. Nikola also restated its 2020 earnings after the US securities regulator changed accounting rules for companies...

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WHO approves emergency use of China’s Sinopharm Covid vaccine

WHO approves emergency use of China’s Sinopharm Covid vaccine

WHO approves emergency use of China’s Sinopharm Covid vaccine The World Health Organization has added a Sinopharm vaccine to its list of approved Covid-19 jabs, boosting the credentials of the Chinese-made shot amid doubts over its efficacy. The emergency use listing for the shot, developed in partnership with the Beijing Institute of Biological Products, is...