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Elon Musk’s fitful attempt to take over Twitter is shaping up to be the event of the year for hedge funds that bet on takeover deals going through or collapsing. Musk’s marijuana-inspired $54.20-a-share offer has helped keep Twitter’s shares aloft, even as the rest of the technology complex has been taken to the woodshed in

Prepare yourselves to be reminded of past scandals and war, which still resonate today. Tuesday is the fifth anniversary of the fire that engulfed west London’s Grenfell tower block, exposing shortcomings in the building’s cladding and sparking a crisis for apartment owners across the UK that continues to generate repercussions. It also happens to be

For hundreds of years, since early Maori explorers first landed their waka in the sheltered bays of the Marlborough Sounds, the area’s cool blue waters have provided a seemingly limitless source of fish. So, in April, New Zealanders were stunned to learn that the country’s largest salmon farming operation had, for months, been taking hundreds

There are few statues of heroes in downtown Zurich. But of those that exist, by far the grandest is that of Credit Suisse’s founder, Alfred Escher. It is hard to imagine a foreign acquirer buying such a national institution, though Credit Suisse’s shares rose sharply on Wednesday after a post on the Inside Paradeplatz blog

Italian and Greek borrowing costs hit multiyear highs on Friday as investors were rattled by a hawkish European Central Bank meeting that raises the pressure on the finances of Europe’s most indebted countries. The yield on Italy’s 10-year bond jumped to its highest level since 2014, at 3.75 per cent. Greece’s 10-year bond rose 0.23

The operations of Hyundai Motor and steelmaker Posco are suffering supply chain disruptions as thousands of South Korea’s truckers escalated a strike on Friday. About 7,800 members — or roughly a third of the truckers’ union — are expected to join the four-day strike, according to Seoul’s transport ministry, piling pressure on the country’s ports

The head of Britain’s largest union has warned of potential strikes this year if the government does not heed its call for inflation-linked wage increases for staff in the NHS and local government. Christina McAnea, general secretary of Unison — which represents 1.3mn mostly public-sector workers — said prime minister Boris Johnson had “no idea”

Ajay Rajadhyaksha is global chair of research at Barclays. Having seemingly successfully beaten back Covid — cases were below 100 last week, in a country of 1.4bn — China announced that it was open for business again. Can it last? Already, the signs are ominous. Shanghai officials this week increased testing capacity and unveiled new

For the first time ever Apple is moving some iPad production out of China and shifting it to Vietnam after strict Covid-19 lockdowns in and around Shanghai led to months of supply chain disruptions. The US company has also asked multiple component suppliers to build up their inventories to guard against future shortages and supply

BioNTech won fame and fortune for its pioneering Covid-19 vaccine. Now the German biotech has achieved promising early-stage results in treating pancreatic cancer. Beating this virulent and intractable disease is a holy grail for cancer scientists. After several false dawns, therapeutic cancer vaccines could be heading for prime time. It is no coincidence that BioNTech aims

Franklin Templeton is overhauling four of its oldest equity ETFs, ditching multifactor smart beta strategies and opting for a focus on dividend-paying stocks or, in one case, cheap vanilla equity exposure. The firm will change the investment strategies, indices and names of three ETFs: the $20mn LibertyQ International Hedged Equity ETF, $16mn LibertyQ Emerging Markets

Apple’s virtual reality plans failed to materialise at its Worldwide Developer Conference on Monday, but the company had so much to announce anyway that it’s easy to imagine them being held back for a separate event. The focus was on developers and the new tricks they can adapt in iOS 16, the forthcoming operating system

Ukrainian president Volodymyr Zelensky said a stalemate in the war with Russia was “not an option for us” as he once more appealed for western military support to restore his country’s territorial integrity. “We are inferior in terms of equipment and therefore we are not capable of advancing,” he said. “We are going to suffer

Your browser does not support playing this file but you can still download the MP3 file to play locally. Boris Johnson on Monday night survived a bruising no-confidence vote, and Elon Musk’s legal team has written to Twitter threatening to abort his $44bn acquisition. Plus, the FT’s Kiran Stacey reports on Big Techs’ big fight

Long before environmental, social and governance investment guidelines became the asset management industry’s new new thing (Report, May 25) one of the five basic principles in Coca-Cola’s “manifesto for growth” — drafted under chief executive E Neville Isdell — stated: “Planet: Be a responsible citizen that makes a difference by helping build and support sustainable

By Henry Prideaux One of the best ways to have fun with an interior is to design a space that is visually rich. A truly immersive room can be a refuge that you really lose yourself in, and can be particularly effective with a room that connects two others. The library in this majestic five-bedroom

Law enforcement authorities in the United Arab Emirates have arrested two members of the Gupta family who are accused of looting the South African state in the last decade with the aid of Jacob Zuma, the country’s former president. Atul and Rajesh Gupta, wanted for fraud and money laundering in South Africa, where they once

This is an audio transcript of the FT News Briefing podcast episode: The war on ‘woke’ capitalism Marc FilippinoGood morning from the Financial Times. Today is Monday, June 6th, and this is your FT News Briefing. [MUSIC PLAYING] US investors are still trying to rein in executive pay, while others are rebelling against corporate activism