As they navigate the challenges of finding a new solution for the company’s future, the fate of TKMS remains uncertain. The withdrawal of Carlyle from the bidding process has left a void that needs to be filled, and the German government’s involvement in the decision-making process adds another layer of complexity. Despite the setbacks, Thyssenkrupp … Read more
Overall, Gen Z workers are entering the workforce with a lower level of trust in their employers compared to previous generations. They value flexibility, transparency, and control in their relationship with work, and are not as loyal to traditional career paths. Communication is key for building trust with Gen Z employees, who prefer working in … Read more
LinkedIn has verified over 55 million of its users for free to combat the spread of misinformation fueled by the rise of artificial intelligence, the company confirmed to CNBC. The Microsoft-owned platform claims to have the highest number of verified individual human identities among major social networks. Starting in November, LinkedIn will display user verification … Read more
On Friday, TD Cowen updated its outlook for Amphenol (NYSE:APH), raising the price target on the company’s shares to $63.00 from the previous $60.00. The firm retained a Hold rating on the stock. The adjustment comes amid recognition of the company’s sustained organic growth and solid booking-to-billing ratios. The analyst from TD Cowen highlighted Amphenol’s … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Payouts for EY’s UK partners declined by 5 percent this year to an average of £723,000, as the Big Four firm faced a significant slowdown in sales growth and an increase in partnership size. The … Read more
“ The most extensive of Ohio’s abortion restrictions laws was invalidated by a county judge on Thursday. The judge stated that the amendment passed by voters last year, which guarantees reproductive rights, makes the so-called heartbeat law unconstitutional. The enforcement of the 2019 law, which prohibited most abortions once cardiac activity is detected as early … Read more
Russia raised its key interest rate by 200 basis points to 21% on Friday, citing consumer price increases considerably above its forecast and warning of ongoing high inflation risks in the medium term. This move exceeded the 100 basis-point hike that analysts had expected, bringing the institution’s benchmark rate to its highest level since February … Read more
UBS Global Wealth Management has upgraded its view on global equities from “neutral” to “attractive”, citing several factors such as resilient U.S. economic growth, monetary policy easing by major central banks, and an artificial intelligence (AI) boom. The analysts at UBS expressed confidence in the economic growth, stating that central banks have been proactive in … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Boohoo has responded to demands from Mike Ashley’s retail empire to appoint him as chief executive, stating the need to safeguard its commercial interests. The online fast-fashion retailer, which holds discussions with Frasers Group, emphasized … Read more
A California-based produce company was identified as the source of fresh onions linked to a deadly E. coli food poisoning outbreak at McDonald’s, according to officials from the restaurant chain. In response, other fast-food restaurants such as Taco Bell, Pizza Hut, KFC, and Burger King have also removed onions from some of their menus. McDonald’s … Read more