Business
Since the pandemic, incumbents have been ousted in 40 of 54 elections in Western democracies — ‘A kind of electoral long COVID’
“There’s an overall sense of frustration with political elites, viewing them as out of touch, that cuts across ideological lines.” ...
Even with Biden’s antitrust watchdogs likely headed out, the idea of taking on Big Tech ‘still has legs to it’
Still, some deals that got torpedoed by the Biden administration could find new life with Trump in command. Read More
SPD politician joins calls for Pistorius to replace Scholz as election candidate
Germany is facing snap February poll after chancellor unexpectedly pulled plug on his coalition
How to watch the Week 11 of the 2024-2025 NFL season live online for free—and without cable
It’s all about late Sunday afternoon. Read More
Thames Water’s emergency loan could cost £800mn in interest and fees
Mooted £3bn loan will hit customers and drain troubled utility’s resources, warn experts
Trump victory threatens to throw G20 initiatives into disarray
Argentina veto warning sparks fears conservatives will be emboldened to ditch global deals on climate and tax
Finding the money to make Europe great again
Frozen assets and large capital exports should be go-to sources for funding a geopolitical transformation
Bernard Arnault’s son steps up in new chapter of LVMH succession saga
Reshuffle at wines and spirits business comes as luxury sector deals with slowing growth and possibility of US tariffs
Maga Inc: how Trump’s allies stand to gain from ‘anti-woke’ resurgence
Some in the president’s inner circle have invested in the ‘parallel economy’, capitalising on conservative values
50 million people have stopped buying luxury brands like Dior and Burberry after ‘broken promises’ to customers
‘A fabulous ice cream sundae is boring by the time you have it the fifth time,’ a retail analyst told ...
Thousands more investors sue Hargreaves Lansdown over Woodford collapse
UK’s largest investment site accused of continuing to recommend Woodford’s flagship fund even as it ran into trouble
Russia targets Ukraine energy sites in ‘massive’ missile and drone attack
Parts of country left without power after one of war’s largest air assaults
The CEO of KFC and Taco Bell China sits for hours and watches customers eat. It’s led to popular menu items
Yum China’s CEO spends hours observing customers eat—and it’s inspired some crowd-favorite menu launches at KFC and Pizza Hut Read ...
Russia urges Trump to remain in Paris agreement at upside-down COP29
Countries historically viewed as blockers of progress at global climate talks defend UN process
Tech investor Xavier Niel urges Europe’s AI start ups not to cash out
French billionaire warns that if region misses AI boom it will be ‘a very small continent abandoned for a few ...
JPMorgan files £21.5mn lawsuit over precious metals warehouse flaws
Wall Street bank sues UK construction company in High Court for ‘extensive losses’ on east London storage unit
‘They don’t understand business’: Corporate Britain cools on Labour
Chancellor Rachel Reeves attempts to win back support after rocky early months
Trading assets at US banks cross $1tn for first time since financial crisis
Much of the increase has been in equities but exposure to structured credit has been growing as well
European stocks lag US by record margin as ‘Trump trade’ bites
Euro has tumbled as investors worry currency bloc will be on front line of trade war
From championing Russia to a Moscow jail: Michael Calvey recounts his surreal descent
US founder of private equity firm Baring Vostok says ordeal ‘could happen to anybody’
Xi tells Biden he will work with Trump to manage US-China differences
Leaders meet for last time on sidelines of summit in Peru as Beijing prepares for new administration
Netflix’s Tyson-Paul boxing bout gets 65 million viewers at peak
More than 100,000 users reported network issues on the Downdetector website throughout the livestreaming of the Paul vs. Tyson fight. ...
TikTok parent ByteDance valued at about $300 billion, WSJ says
A tender offer to employees in October 2023 valued ByteDance at $225 billion, and a December 2023 buyback boosted the ...
Boeing issues layoff notices to more than 400 workers as it begins drastic cuts
Boeing announced in October that it planned to cut 10% of its workforce, about 17,000 jobs, in the coming months. Read More
Elon Musk backs Howard Lutnick as agent for ‘change’ at US Treasury
Tesla boss publicly lobbies Trump to choose Cantor Fitzgerald boss over Scott Bessent in key economic role
In wartime Russia, some men may be worth more dead than alive, economist says
“Going to the front and being killed a year later is economically more profitable than a man’s further life.” Read ...
Musk backs Howard Lutnick as Treasury secretary and calls Scott Bessent ‘business-as-usual choice’
“Business-as-usual is driving America bankrupt, so we need change,” Musk said. Read More
Trump nominates fracking magnate and climate change skeptic as energy secretary
Trump called Liberty Energy’s Chris Wright “one of the pioneers who helped launch the American Shale Revolution.” Read More
How high will Bitcoin go? Here’s what prediction markets say
For a contract on what price Bitcoin will hit in November, the odds are 72% that it will reach $95,000. ...
