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Adobe’s chief executive has argued that a regulatory environment that prevents tech acquisitions will lead to less investment in start-ups, in a stark warning to competition authorities investigating the company’s proposed $20bn takeover of design software company Figma. Shantanu Narayen told the Financial Times antitrust watchdogs should “worry about” how their decisions on dealmaking “enable
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The Kakhovka dam spanning the Dnipro river in southern Ukraine was blown up on Tuesday, flooding swaths of territory ahead of an expected Ukrainian counteroffensive and threatening crucial water supplies to a nuclear plant. Russia and Ukraine blamed each other for the attack, which Kyiv warned would have “catastrophic consequences” and affect dozens of settlements,
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CIA director Bill Burns travelled to China last month, a clandestine visit by one of President Joe Biden’s most trusted officials that signals how concerned the White House had become about deteriorating relations between Beijing and Washington. Five people familiar with the situation said Burns, a former top diplomat who is frequently entrusted with delicate
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The CBI will recruit a new president as part of a governance overhaul unveiled by the scandal-hit UK business lobby group as it battles for survival ahead of a crunch members’ meeting next week. The stricken organisation said external consultants had found that blanket portrayals of its culture as “toxic” following allegations of sexual harassment
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Net immigration to the UK rose to a record high of 606,000 in 2022, driven by rising numbers of people from outside the EU, including from Ukraine and Hong Kong. The figures fell short of estimates of about 700,000 but remain far above the Conservative government’s 2010 pledge to reduce net immigration to the “tens
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Profits at Goldman Sachs, Morgan Stanley and a clutch of other western banks in China fell sharply last year, as Covid-19 lockdowns and geopolitical tensions thwarted hopes that their operations in the country might finally start to be lucrative. Credit Suisse, Deutsche Bank, Goldman Sachs and HSBC reported losses in their China-based units in 2022
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Vladimir Putin’s war in Ukraine has “set back” China’s ambitions to invade Taiwan, former US secretary of state Hillary Clinton said. In a wide-ranging interview at the FT Weekend festival in Washington on Saturday, the one-time Democratic presidential candidate, who served as America’s top diplomat under Barack Obama, offered stark assessments on Russia’s invasion of
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