Stay informed with free updatesSimply sign up for the World myFT Digest – delivered straight to your inbox.This article is an on-site version of our FirstFT newsletter. Sign up for our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morning.Good morning. We start with news from Donald Trump's social media business debut in New York yesterday.Trump Media & Technology Group, the company behind his Truth Social platform, rose to $79.38 a share from the previous day's price of $49.95, before closing up 16 percent at $57.99. Trading was so volatile that it was…
Author: ricardofrancois
ATLANTA — Many Americans are not excited about the 2020 presidential election being rerun in November. But presumptive Republican Party nominee Donald Trump appears to be sparking more anger and fear among Americans with his opposing party than President Biden does with his own. A new poll from The Associated Press-NORC Center for Public Affairs Research shows that Democrats are more likely to report feeling “scared” or “angry” about the prospects of another Trump term than Republicans are about the idea of Biden remaining in the White House. . However, the emotional reaction Trump inspires may also work to his…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.Should companies be penalized for returning money to shareholders? The Justice Department seems to think so. In the midst of its landmark lawsuit against Apple, the antitrust watchdog noted its disapproval of the company's $77 billion buyback plan in 2023: not because it was a lazy deployment of capital but as indicative of what the Justice Department called “anticompetitive and anti-exclusivity.” behavior.The sprawling antitrust lawsuit is the product of a five-year investigation that will take years to resolve. But scrutiny can mean…
This article is part of the FT Globetrotter's guide to ZurichAs we stood in a highly organized Swiss line of chocoholics outside the Lindt Home of Chocolate museum, waiting for the doors to open, there was an eerie calm – even among the schoolchildren. There was reverence and anticipation in the air, as if this were more akin to a pilgrimage, a visit to the mother ship, rather than a trip to a museum. “Mother ship” is the word for this huge, futuristic white building just outside Zurich city centre, designed by architects Christ & Gantenbein, which also has a…
The ordeal at Fullerton Wells Fargo Bank Tuesday evening began with a possible attempted robbery in which a man threatened witnesses with an “explosive device,” and ended when police shot the individual outside the bank's doors, according to law enforcement officials.In a statement on social media, the Fullerton Police Department said officers responded to reports of a possible bank robbery in the 100 block of West Bastanchury Road around 5:09 p.m. and began evacuating employees. The Orange County Sheriff's Bomb Squad also responded to the scene. “While inside the bank, witnesses reported that the suspect produced what appeared to be…
PayPal Ventures' latest investment is in an Indonesian startup that provides personal insurance products that cover a variety of risks, including accidents, phone screen damage, and ticket cancellations. Qoala has secured $47 million in a new round co-led by PayPal Ventures and MassMutual Ventures, the five-year-old startup said Wednesday. Partners MUFG Innovation and Omidyar Network as well as existing backers Flourish Ventures, Eurazeo and AppWorks also participated in the Series C funding, bringing Qoala's total funding to more than $130 million since its inception. Headquartered in Jakarta, Qoala is an insurance brokerage company that works with top local insurance companies…
Batbold Sukhbaatar of Mongolia addresses the Millennium Development Goals Summit at UN Headquarters in New York on September 22, 2010.Emmanuel Dunand | AFP | Getty ImagesFederal prosecutors filed a lawsuit Tuesday to seize two New York City apartments worth $14 million, which were allegedly purchased with the proceeds of a corrupt scheme involving a massive copper mine in Mongolia, a former prime minister of that nation, and whose son is a Harvard Business School graduate.The lawsuit filed in U.S. District Court in Brooklyn details a total of $128 million in allegedly illegal contracts awarded by the state-owned Mongolian mining company…
Sydney Opera House Sydney, New South Wales, Australia.Gallo pictures | Brand Images Getty ImagesMost Asia-Pacific markets rose on Wednesday, deviating from Wall Street ranks as the market rally in the United States continued to slow.Investors in Asia will evaluate February inflation numbers from Australia – the first reading on inflation after the country's central bank said it was “not yet possible to judge whether to accept or reject further interest rate increases.””Inflation was moderate but still high,” the bank said.China will also release industrial earnings data on Wednesday.the Standard & Poor's/ASX 200 It started the day up 0.11%, extending Tuesday's…
The higher you move in most professions, the more likely you are to become a manager. But many employees want to keep doing what they do best, and not get bogged down in the chaotic management and politics of supervising others. Martin Wolf is a senior economic commentator at the Financial Times. He hasn't officially managed anyone in 35 years, and he doesn't regret it. What can we learn from Martin's success?Producer Misha Frankel Duvall speaks to Martin to hear his story. Later, host Isabel Berwick spoke with Carl Edge, chief human resources officer at KPMG in the UK, to…
NBC News has canceled its plan to have former Republican National Committee Chair Ronna McDaniel an on-air contributor to its political coverage.“After hearing the legitimate concerns of many of you, I have decided that Ronna McDaniel will no longer be a contributor to NBC News,” Cesar Conde, president of NBCUniversal News Group, said Tuesday in a memo to employees. The decision to reverse course comes after a stunning rebuke of the plan by the division's on-air talent. On Monday, nearly every opinion host on NBC's progressive news channel MSNBC criticized McDaniel's appointment over her defense of former President Trump's false…