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    Walt Disney Co
    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

    Disney’s Bob Iger sets out timeline for 7,000 job cuts
    Billionaire Disney insider becomes pivotal figure in Peltz’s proxy fight
    North Korea
    Visual investigation. Inside North Korea’s oil smuggling
    Editor's picks
    opinion content. Biden’s awkward democracy summit
    Edward Luce
    opinion content. Banks face a tough choice over crypto
    Brooke Masters

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    Pope Francis hospitalised with a respiratory infection
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    markets content. Markets Briefing. US equities rise as ‘fear trades’ fade in broad-based rally
    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
    World Bank
    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

    UBS Group AG
    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

    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

    Abu Dhabi
    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

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

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

    Most read

    1. China grants billions in bailouts as Belt and Road Initiative falters
    2. Sergio Ermotti returns as UBS chief to steer Credit Suisse takeover
    3. JPMorgan chief Dimon to be interviewed under oath in Epstein lawsuits
    4. China’s fake science industry: how ‘paper mills’ threaten progress
    5. US charges Bankman-Fried with bribing Chinese officials
    Taiwan
    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
    Israel
    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

    opinion content. Israel’s divisions are distracting it from a regional perfect storm
    Martin Indyk
    Switzerland
    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

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

    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

    More US News

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    Podcasts

    Behind the Money. Inside UBS’s takeover of Credit Suisse
    25 min listen
    FT News Briefing. Beijing’s big bailouts
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    Working It. Neurodiversity at work: ‘I had to kick doors down to be heard’
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    Life & Arts

    North American prime property
    Sale of the mid-century: high prices in LA’s Modernist enclave
    Fashion
    HTSI. The Zara woman: an exclusive interview with Marta Ortega Pérez
    Visual Arts
    50 years after Picasso’s death, what has happened to his reputation?
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    Review. Drive Your Plow Over the Bones of the Dead, Barbican review — mischievous, magnificent thriller
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    Review. Into the Groove — why vinyl is still music to our ears

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    video content. The Brexit effect: how leaving the EU hit the UK
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    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

    opinion content. Succession is painful but it doesn’t need to be
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    opinion content. Why five days in the office don’t add up
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    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
    opinion content. Dear Jonathan. I am stuck on a consultancy project I don’t like. How do I accelerate a move?
    Jonathan Black

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    Markets News

    Credit Suisse sale ‘forever impairs’ ability of banks to issue AT1s, investors warn

    Additional tier 1 bond market faces ‘risk premium repricing’ in wake of Swiss bank’s debt being written down ahead of equity

    US label maker breaks drought in junk bond issuance since SVB failure
    Big debt investors dealt blow in mattress maker bankruptcy ruling
    markets content. Markets Briefing. Tech stock retreat leads Wall Street indices lower
    US charges Bankman-Fried with bribing Chinese officials
    Top Republican accuses regulators of being ‘asleep at the wheel’ over SVB
    BoE governor dismisses chances of financial crisis

    More markets news

    Technology

    opinion content. 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
    opinion content. Markets Insight. A difficult pivot looms for venture capital
    Michael Casey
    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

    More technology

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