PepsiCo reaches deal with activist Elliott to stave off proxy fight
Soda and snacks maker will cut costs and reduce prices but investment firm will not get a seat on its board
UK should boost tourism in offshore tax havens, says government adviser
Margaret Hodge urges Britain to help its overseas territories in return for them implementing financial transparency rules
Transcript: Whistleblowing in the UK, Episode 1 — The cost of speaking up
Michela Tindera talks to Martin Arnold, Daniel Sheard, George Patellis and Mary Inman
Nvidia can sell H200 AI chips to China, Trump says
President says other chipmakers can also resume exports and ‘25% will be paid’ to the US
Zelenskyy says European allies close to finalising revised US peace plan
Ukraine’s president says progress made on security guarantees after London meeting but ceding territory remains an obstacle
FirstFT: Paramount launches $108bn hostile bid to buy Warner Bros Discovery
Also in today’s newsletter: Thailand strikes Cambodia, and Singapore fintech plots Silicon Valley expansion
Faith-based oil driller is first US company to block investor class-action lawsuits
After passage of new SEC rule, Zion Oil and Gas requires shareholders to resolve disputes through arbitration
Kushner, Gulf money and desperate texts: inside Paramount’s hostile bid for Warner Bros
Ellison’s approach was rebuffed over concerns about financial backing from China and Middle East sovereign funds
US announces $12bn aid package for farmers hit by tariffs
Bailout will help mitigate cost of the president’s trade policies to the sector
Paramount gatecrashes Warner Bros-Netflix deal with $108bn hostile bid
Jared Kushner and Middle East funds assist with all-cash offer
IBM extends AI push with $11bn takeover of Confluent
Chief says deal with data streaming platform will allow company to deploy generative artificial intelligence ‘faster’
Cinven agrees £190mn deal to buy firm co-founded by former Blair adviser
Flint Global is latest professional services group to attract private equity buyer
Paramount’s WBD bid relegates Netflix to a supporting role
But big media tie-ups have a poor record at creating value
Palestine Action activist accused of hammer attack tells trial that group never planned violence
Sam Corner says sledgehammers were intended to damage property, not people, during attack at Israeli defence company site
The White House’s rupture with the western alliance
Trump’s security strategy is a wake-up call for Europe on defence and growth
Unilever’s ice cream spin-off doesn’t hit the sweet spot
Demerger of Magnum may have left some cold but it could be a taste that comes to grow on investors
UK military figures urge Starmer to commit to higher defence spending
Prime minister told the country needs to ‘step up’ or its advantage in the Atlantic is at risk
Brookfield’s Oaktree to invest in Allianz insurance risks
Deal comes amid flurry of private capital tie-ups through Lloyd’s of London market, including Blackstone and AIG
The Netflix age has been great for consumers but terrible for artists
Returns to musicians and writers are dwindling fast
Strategy’s stock slide leaves bitcoin’s biggest booster with dwindling options
Michael Saylor’s financial engineering inspired dozens of imitators but is now close to unravelling
The State of AI: life in 2030
Expect a world of robots, robotaxis and AI haves and have-nots
La Scala season opens with Shostakovich’s visceral Lady Macbeth of Mtsensk
Conducting his last opening night as music director, Riccardo Chailly gave listeners a performance to remember
The Snow Queen at Dresden’s Semperoper is darkly spellbinding
Hans Abrahamsen’s opera based on the fairytale features a superlative cast and warm, sensual orchestral playing
Are your earrings supersized enough?
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