Category: ft-com

Post
High-priced tech stocks sink further into bear market territory

High-priced tech stocks sink further into bear market territory

High-priced tech stocks sink further into bear market territory Some of the hottest technology stocks and funds of recent months have fallen into bear market territory and investors are betting on more turmoil to come, as rising bond yields undermine the case for holding high-priced shares. A Friday afternoon stock market rally notably failed to...

Post
FC Barcelona’s presidential hopefuls vow to restore finances — and keep Messi

FC Barcelona’s presidential hopefuls vow to restore finances — and keep Messi

FC Barcelona’s presidential hopefuls vow to restore finances — and keep Messi A week that began with police raiding the offices of FC Barcelona will end with a change of leadership at the Spanish football club engulfed in crises on and off the pitch. The Catalan institution on Sunday ballots its 140,000-strong membership to elect its...

Post
White House warns of ‘large number’ of victims in Microsoft hack

White House warns of ‘large number’ of victims in Microsoft hack

White House warns of ‘large number’ of victims in Microsoft hack The White House has warned that hackers may have compromised a “large number of victims” in the US by exploiting recently disclosed vulnerabilities in Microsoft software.  Jen Psaki, White House press secretary, said on Friday that there was currently an “active threat” from hackers...

Post
Dissident rappers trigger lyrical battle for Cuban hearts and minds

Dissident rappers trigger lyrical battle for Cuban hearts and minds

Dissident rappers trigger lyrical battle for Cuban hearts and minds It is one of communist Cuba’s most hallowed slogans, deployed by Fidel Castro in the 1959 revolution and repeated countless times since: “Patria o Muerte” — Fatherland or Death. So when a group of Cuban rappers, some living abroad, launched a lyrical challenge to the...

Post
The unravelling of Lex Greensill: a mix of bravado and financial alchemy

The unravelling of Lex Greensill: a mix of bravado and financial alchemy

The unravelling of Lex Greensill: a mix of bravado and financial alchemy As the first wave of the coronavirus pandemic swept across Britain a year ago, a billionaire banker made a televised pitch to the nation offering assistance. Lex Greensill, a 44-year-old Australian who had made his name by devising ingenious ways for companies to...

Post
EU and US agree to suspend tariffs in Airbus-Boeing dispute

EU and US agree to suspend tariffs in Airbus-Boeing dispute

EU and US agree to suspend tariffs in Airbus-Boeing dispute The EU and US have agreed to suspend punitive tariffs related to their longstanding feud over aircraft subsidies, in the first breakthrough in trade relations since President Joe Biden took office.  The two sides reached a deal after intensive talks, according to people familiar with...

Post
Senate Democrats strike deal to extend US unemployment benefits

Senate Democrats strike deal to extend US unemployment benefits

Senate Democrats strike deal to extend US unemployment benefits Senate Democrats have struck a deal to extend emergency unemployment benefits until October in Joe Biden’s $1.9tn stimulus bill, providing relief for the jobless for an extra five weeks in one of their final changes to the plan. The compromise between centrist and liberal members of...

Post
US sanctions Ukrainian oligarch Kolomoisky over corruption

US sanctions Ukrainian oligarch Kolomoisky over corruption

US sanctions Ukrainian oligarch Kolomoisky over corruption The US has imposed sanctions on Ukrainian oligarch Igor Kolomoisky over corruption allegations in a bid to help Ukraine’s president Volodymyr Zelensky root out the influence of powerful business clans in the war-stricken country. Secretary of state Antony Blinken said on Friday that the US had placed visa...

Post
UK-EU trade falls sharply as Brexit disruption starts to bite

UK-EU trade falls sharply as Brexit disruption starts to bite

UK-EU trade falls sharply as Brexit disruption starts to bite Disruption caused by Brexit took its toll on Anglo-French trade at the start of this year, mirroring declines in commercial activity between the UK and other large EU countries. French exports to the UK were down 13 per cent in January compared with the average...

Post
Behind the Tom Cruise deepfakes that can evade disinformation tools

Behind the Tom Cruise deepfakes that can evade disinformation tools

Behind the Tom Cruise deepfakes that can evade disinformation tools Not since he was last seen jumping on Oprah Winfrey’s sofa has a video of Tom Cruise generated so many headlines. Except this time it was not Tom Cruise, but a set of sophisticated deepfakes so convincing that they quickly generated nearly 12m views when...