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Disney ousts Marvel chair after he clashed with CEO Iger

Move is part of efforts to eliminate 7,000 roles, say people briefed on the matter

2 hours ago

Disney’s Bob Iger sets out timeline for 7,000 job cuts

Billionaire Disney insider becomes pivotal figure in Peltz’s proxy fight

Visual investigation. Inside North Korea’s oil smuggling

Editor's picks

Biden’s awkward democracy summit

Banks face a tough choice over crypto

Top stories

Pope Francis hospitalised with a respiratory infection

Live

Markets Briefing. US equities rise as ‘fear trades’ fade in broad-based rally

updated

Artificial intelligence

Musk and other tech experts call for ‘pause’ on advanced AI systems

More than 1,000 researchers and executives sign open letter to halt what they describe as a ‘dangerous’ arms race

Big tech companies cut AI ethics staff, raising safety concerns

Yellen says she expects Ajay Banga to be elected World Bank president

Former Mastercard chief executive has spent recent weeks on ‘listening tour’ touting his credentials

1 hour ago

Why UBS brought Ermotti back as chief executive

Swiss bank bets its former boss will do a better job of integrating Credit Suisse than Ralph Hamers would have

Sergio Ermotti returns as UBS chief to steer Credit Suisse takeover

2 hours ago

Spotlight

Silicon Valley Bank

‘Hard to fluster’ adviser lands central role in US bank mess clean-up

Todd Snyder ran auctions of Silicon Valley and Signature banks after failures

Spanish politics

Spain’s fix for pension shortfall: make younger people pay

Faced with an ageing population and ballooning costs, Madrid has opted to raise contributions rather than cut benefits

News

Sheikh Mohammed bin Zayed names his son crown prince of Abu Dhabi

UAE leader appoints Sheikh Khaled as heir apparent as part of series of changes at top of Gulf state

new

Binance hid extensive links to China for several years

Company documents show crypto exchange relied on country long after it said it had left in 2017

Crypto exchange Binance accused by CFTC of illegally serving US clients

Bernie Sanders accuses Starbucks’ Howard Schultz of ‘illegal union-busting’

Ex-CEO testifies in Senate after being threatened with subpoena by leftwing senator

3 hours ago

Most read

China threatens Taiwan over president’s trip to US

Tsai Ing-wen to meet Speaker Kevin McCarthy in Los Angeles after stops in New York, Guatemala and Belize

Interview. China yet to decide on Ukraine peacemaker role, says Kyiv

Netanyahu reforms trigger backlash in US from ardent Israel supporters

Criticism comes from politically diverse group of American Jews who have tended to be supportive

Israel’s divisions are distracting it from a regional perfect storm

Switzerland to revive talks with EU on forging closer ties

Bern seeks ‘package’ agreement of multiple treaties after last effort to build universal framework failed

3 hours ago

UK re-entry into EU Horizon programme threatened by cash dispute

new

Britain set to join transpacific trade group

Accession talks expected to be completed in days

Jeffrey Epstein

JPMorgan chief Dimon to be interviewed under oath in Epstein lawsuits

Sworn testimony scheduled to take place behind closed doors in May as bank fights litigation

Explainer. Why the Epstein scandal continues to haunt JPMorgan and Barclays

Automobiles

Tesla’s price war in China backfires as BYD sales surge

Chinese carmakers expected to sell more passenger vehicles than foreign rivals for first time in 2023

VW plans 25% pay increase for executive board members

Airbus drops deal with Atos digital unit after pressure from Chris Hohn

Shares in IT company plummet after plane maker bows to demand from hedge fund boss to end interest in Evidian

UK business & economy

BoE urges pension funds to be ready for bigger gilt market shocks

Central bank recommends setting liquidity requirement at more than double stress test level after 2022 turmoil

Opinion

Monetary policy is not solely to blame for this banking crisis

It’s a fallacy to suppose there is a simple solution to the failings of our financial systems and economies

Britain’s new stability is built on soft foundations

An end to the upheaval of the past few years is welcome, but the underlying ingredients of populism and Scottish separatism remain

Robert Shrimsley

Inside Business. Why there is no future for ‘forever chemicals’

Peggy Hollinger

We can’t let companies get away with making consumers sick

The FT View. A battle for the soul of Israel

The editorial board

Markets Insight. A difficult pivot looms for venture capital

Unhedged. Who’s afraid of commercial real estate?

Robert Armstrong

Western voters won’t give up the peace dividend

More Opinion

US News

Brazil braced for Jair Bolsonaro’s return to energise the far right

Ex-leader faces several investigations including embezzlement probe over jewellery

Fox’s Rupert Murdoch on Dominion witness list for defamation trial

Pence must testify before grand jury in Trump probe, judge rules

At least 40 people dead in fire at Mexico migration detention centre

US label maker breaks drought in junk bond issuance since SVB failure

Big debt investors dealt blow in mattress maker bankruptcy ruling

Apple launches ‘buy now, pay later’ service in the US

Podcasts

Behind the Money. Inside UBS’s takeover of Credit Suisse

25 min listen

FT News Briefing. Beijing’s big bailouts

10 min listen

Money Clinic with Claer Barrett. Help! What should I do with my mortgage?

27 min listen

Working It. Neurodiversity at work: ‘I had to kick doors down to be heard’

14 min listen

North American prime property

Sale of the mid-century: high prices in LA’s Modernist enclave

HTSI. The Zara woman: an exclusive interview with Marta Ortega Pérez

50 years after Picasso’s death, what has happened to his reputation?

Review. Drive Your Plow Over the Bones of the Dead, Barbican review — mischievous, magnificent thriller

Review. Into the Groove — why vinyl is still music to our ears

Video

Cryptocurrencies30 min

FTX: the legend of Sam Bankman-Fried | FT Film

567 hours ago

Brexit28 min

The Brexit effect: how leaving the EU hit the UK

3897 hours ago

Musk's torturous takeover of Twitter | FT Due Diligence

64 hours ago

FT Standpoint14 min

Capture: who's looking after the children? | FT Film

1335 hours ago

Highlights

The Henry Mance Interview. Matthew Desmond: ‘America does so much more to subsidise affluence than alleviate poverty’

The sociologist believes the US is stacked against the poor and decisions by the rich are to blame

Succession is painful but it doesn’t need to be

Margaret Heffernan

Why five days in the office don’t add up

The Big Read. China’s fake science industry: how ‘paper mills’ threaten progress

The Big Read. Rebellion in Iran: how far will the regime go?

The Big Read. The teen mental health crisis: a reckoning for Big Tech

Dear Jonathan. I am stuck on a consultancy project I don’t like. How do I accelerate a move?

Technology

Lex. Alibaba: a bouquet of six small poppies for party bosses

Break-up of group may placate regulators but is unlikely to make its businesses more competitive

Alibaba bets on split to survive Chinese tech’s new battlefields

Chinese tech shares surge as Alibaba’s break-up plan spurs investor hopes

Markets Insight. A difficult pivot looms for venture capital

Amazon and Google told to let UK radio stations stream on smart speakers

Live news updates from March 28: Dimon to be deposed in Epstein lawsuits, Alibaba to split into six

Apple launches ‘buy now, pay later’ service in the US

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