Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.American Express Global Business Travel has agreed to a $570 million deal to buy rival CWT, in a bet on a continued post-pandemic business travel recovery. AmexGBT, which provides booking and management services for corporate travel, said the deal would add 4,000 new customers to its existing balance of 20,000. Its existing clients include Google, Aon and Bank of America.The acquisition comes at a time of increasing competition and consolidation as the industry looks to weather the disruption caused by the pandemic.The…
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Pictures show a memorial gathering in the Russian-controlled city of DonetskPhotos posted via Getty Images show people gathering for a memorial service on Sunday in the Russian-controlled city of Donetsk in eastern Ukraine.Russia declared Sunday a day of national mourning following the deadly shooting at Crocus City Hall on the outskirts of Moscow on Friday evening. The attack led to the deaths of at least 137 people.People light candles during a memorial gathering in Donetsk, Russian-controlled Ukraine, on March 24, 2024, as Russia marks a national day of mourning following the Moscow concert hall massacre that killed more than 130…
April The Japanese automaker announced Monday that it aims to sell an additional million vehicles over the next three years and reduce electric vehicle production costs by 30% by 2030.In a new medium-term business plan, Nissan also said it will launch 30 new models by fiscal year 2026, including 16 electric models. It aims for the costs of electric cars and combustion engines to reach parity by 2030.“This plan will enable us to go further and faster in enhancing value and competitiveness,” Makoto Uchida, Nissan's president and CEO, said in a statement.In the face of extreme market volatility, Nissan is…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent directly to your inbox every weekdayGood morning. The process of everything continues. But today, Unhedged is going where no high dares to go: the UK stock market. Don't worry, we'll be racing back to America, home of the libertarians and the Fed, tomorrow. Email me: robert.armstrong@ft.com UK sharesWhile this newsletter is, by mandate, focused on the United States, we make regular trips abroad, either…
Kristalina Georgieva, Managing Director of the International Monetary Fund, speaks during the 2024 China Development Forum at Diaoyutai State Guest House on March 24, 2024 in Beijing, China. China News Service | China News Service | Getty ImagesChina currently has two options: either return to its old economic policies, or choose reforms to stimulate growth, according to International Monetary Fund Executive Director Kristalina Georgieva.“China is ready to face a crossroads — either relying on policies that have worked in the past, or updating its policies for a new era of high-quality growth,” Georgieva said Sunday at the China Development Forum…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Nissan plans to cut the cost of manufacturing its electric cars by 30 percent as the Japanese automaker turns to new partnerships and manufacturing methods to confront the growing threat from Chinese competitors.Nissan, which has an alliance with France's Renault and a partnership with Honda announced last week, is having difficulty coping with declining sales in China as the auto industry struggles to build profitable, affordable battery-powered cars.After months of delay, Nissan released a business plan on Monday that addresses how an…
A girl in her late teens died in the lobby of the Los Angeles County Sheriff's Department late Sunday after, officials say, she grabbed a deputy's gun and shot herself.The department did not release the girl's name, and officials said late Sunday that it was unclear how she was able to take the deputy's gun. The incident occurred around 7:40 p.m., when the teen entered the lobby of the police station at 150 N. Hudson Ave. In the industrial city, according to a press release.Officials said she was not carrying a weapon when she entered the building, and that at…
Stay informed with free updatesSimply subscribe to myFT Digest Professional Services – delivered straight to your inbox.Whatever the problem, it can be managed if it is not resolved. This is what firms increasingly promote themselves as one-stop-shops for advising major corporations. Welcome to the world of Everything Advisor. These consultancies, some of which started out in public relations, have seen their remit swell over the past decade, with reputational risks becoming as big a boardroom priority as financial risks. For companies like Brunswick, FGS Global and FTI Consulting, the work consists of everything from crisis and financial communications to sustainable…
There were plenty of opportunities for women to make their mark in ETFs in the early days, recalls Joan Hill, who was a senior ETF analyst at Goldman Sachs in the 1990s — and later co-founded the Women in ETFs organization. “For me, the ETF industry was started by a woman,” she says.Hill points to the late Patricia Dunn, who was CEO of Barclays Global Investors from 1995 to 2002. Although it was rival State Street that launched the first-ever ETF in 1993, with the symbol SPDR, The company did not work to maximize the size of its investments. It…
At the end of last year, when most companies were winding down for the holidays, London employment lawyer Darren Isaacs found himself surprisingly busy. New inquiries continued to come in from companies with the same problem: When managers raised concerns about employee performance, employees revealed various neurological conditions that might help explain the problem.The cases all shared similar traits – employees were mentioning conditions such as autism and ADHD for the first time once they had been placed on some form of performance management plan or were facing dismissal, and none of them were able to back up their claims…