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The Latest Breaking News from the Financial Times

Questions swirl around Xi’s motives after a second top minister disappears in China

Chinese Defence Minister Li Shangfu has not been seen in public for more than two weeks. The disappearance of this top official close to President Xi Jinping comes two months after that of now-former foreign affairs minister Qin Gang, and follows the dismissal of a pair of influential military generals.…

France 24

In South Korea, Robots Are Taking Robots' Jobs

Our robo-worker future won't put an end to this annoying labor-policy debate.

Reason

JPMorgan CEO Jamie Dimon thinks the risk-reward calculus on China is just 'okay'

A sluggish economic recovery and new regulations are making life difficult for the Wall Street bank.

Fortune

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Daily Mail owner looks to Middle Eastern backers over Telegraph bid

Lord Rothermere is second potential suitor to turn to oil-rich region for financial support

The Guardian - UK

Use Nvidia's powerful chips as a 'chokepoint' to force adoption of A.I. regulations, DeepMind cofounder Mustafa Suleyman suggests

Nvidia's chips are critical to training A.I. models—giving Washington leverage to push the chipmaker's customers to adopt its rules.

Fortune

Examining BlackRock’s shift away from ESG

The Economy and Society letter is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

New WHO chief scientist backs China fact-finding mission to examine COVID origin

Infectious diseases expert Jeremy Farrar has himself been at the center of the debate over the mysterious origins of COVID, which first broke out in China in late 2019.

Fortune

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Labour reportedly rowing back on workers’ rights in another U-turn

LABOUR are reportedly rowing back on their commitment to strengthening workers’ rights in a bid to discredit Tory claims that the party is…

The National (Scotland)

Carlsberg's Russian beer empire faces nationalization, CEO fears

Cees ’t Hart, Carlsberg’s CEO, admits he was “shocked” at how the Danish brewer’s Russian operations were seized by authorities.

Fortune

A BRICS currency replacing the dollar is a ‘ridiculous’ idea, says the top economist who named the group—unless China and India become allies

Jim O’Neill coined the term BRIC when he worked at Goldman Sachs in 2001, and he’s blasting the idea of a BRICS currency. “It’s embarrassing almost.”

Fortune

Fresh poll reveals Tories' favourite media outlets

TORY MPs believe GB News and the Daily Express are more trustworthy than the BBC, a fresh poll suggests.

The National (Scotland)

Google, Universal Music reportedly team up to let artists get paid for AI-generated songs

Fans will be able to make songs that sound like their favorite artists using AI, but only if they pay royalty fees, under a new agreement.

Android Central

Italy won't say who's paying for the care of a $700 million superyacht tied to Putin

The 460-foot superyacht is believed to belong to Russian President Vladimir Putin, but the registered owner is a Russian billionaire.

WEKU

Chinese EV Maker Nio Advances In Smartphone Venture, N2301 Obtains License

Nio, Tesla Rival, Clears Regulatory Hurdle for Smartphone Production

Zenger

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The Week

Dreaming Whilst Black review: wry comedy about a struggling filmmaker

“Dreaming Whilst Black”, a new BBC comedy “about a man who quits his corporate career to try to cut it as a filmmaker”, is itself the product of creator and star Adjani Salmon’s decision to leave a steady job to pursue his dream, said Dan Einav in the Financial Times.…

Fortune

Birkenstock's IPO could make it Wall Street's new darling

Birkenstock had a further boost this year thanks to blockbuster movie "Barbie," with actor Margot Robbie wearing a pair of the shoes in one scene.

The Week

What the new Consumer Duty rules mean for your finances

New regulations coming into force at the end of July should signal good news for customers of banks and other financial services firms.

Tom’s Hardware

GlobalFoundries: European Chip Subsidies May Damage Ability to Compete

GlobalFoundries, a specialist semiconductor foundry company, has come forward with warnings about how Europe's planned chip subsidies might impact the highly-competitive semiconductor manufacturing landscape.

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The Independent UK

Russia moves to ban iPhones for government officials over US spying fears

Apple has denied working with US intelligence services

Newsroom.co.nz

Australia tasks new governor with slowing inflation, as NZ food prices soar

As markets overseas celebrate a 'Goldilocks scenario', New Zealand consumers price index data this week is set to reveal an inflation headache. Andrew Patterson reports.

Chicago Tribune

Editorial: Was it ‘Bidenomics’ that brought down inflation?

In a major economic policy speech in the lobby of Chicago’s old main post office in June, President Joe Biden enthusiastically branded his economic growth strategy as “Bidenomics,” a term that was basically created by The Wall Street Journal and the Financial Times but, like “Obamacare,” has been embraced by…

The Week

Is Turkey turning back towards the West?

Turkey surprised observers this week when it reversed course and approved Sweden’s bid to join Nato.

Fortune

HBS withdraws papers from its dishonesty expert after she was found to be dishonest

Researchers allege that Harvard Business School professor Francesca Gino manipulated data in four of her studies, including one on dishonesty.

Digital Camera World

Apple Vision Pro production only 10% of predictions – is it giving up on 3D camera already?

The Financial Times reports that Apple's Vision Pro mixed-reality glasses are facing serious setbacks in production

Zenger

Toyota Announces EV Battery Breakthrough

Toyota has made a technological advance that might reduce the weight, size, and price of batteries by half.

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