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Pay for FTSE 100 chief executives bounced back to pre-pandemic levels after increasing by a third in 2021, as some sectors experienced a post-Covid boom and companies measured performance against conservative targets. An analysis by PwC of the first 50 FTSE 100 companies to publish their 2021 remuneration reports — based on financial years ending
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To step inside Carmen Haid’s Marrakech home is to be immersed in a sunset palette of Sahara brown, ochre and burnt red – the same tones that define so much of the ancient city’s architecture. Haid, who embarked on a career in fashion and worked alongside Yves Saint Laurent in the 1990s handling his PR,
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In February, Xiaomi founder and chief executive Lei Jun threw down the gauntlet to Apple and Samsung, vowing to make his company China’s top-selling premium brand in three years. “[It’s] a war of life and death,” Lei said in a post on Chinese social media site Weibo. Xiaomi, the world’s second-largest smartphone vendor, is a
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There appears to be a prevailing belief that during lockdown Boris Johnson morphed into a 21st century Marie Antoinette, scoffing cake and guzzling wine, while saying, “Let them go to parties” — only to be reminded that his own rules prohibited them from doing so (FT View, April 13). Many commentators have written that he
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The proposed $40bn merger between India’s biggest private sector bank and mortgage provider has been driven by tighter regulation of the country’s shadow banking sector, according to the executive spearheading the deal. The merger of HDFC Bank and Housing Development Financing Corporation (HDFC) would be the largest in the country’s history and create a financial
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Petrochemicals group Ineos has warned that British manufacturing is coming under threat from competing regions such as the US because of its higher energy costs. Britain’s largest privately owned company said European chemical producers were suffering from gas prices that had hit seven times the levels paid by competitors in the US, where abundant shale
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Shares in start-ups are sinking in private trading as a sell-off in public technology companies and a pause in new listings send shockwaves through Silicon Valley. Forge Global, one of the largest venues for trading in private start-ups, said the prices of companies on its platform had fallen 19.9 per cent in February and March
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Israeli prime minister Naftali Bennett’s 10-month-old coalition government is facing its stiffest challenge to date under the combined pressures of a wave of attacks and the shock loss of its parliamentary majority. Fourteen people have been killed in a spate of Palestinian attacks inside Israeli cities, the most recent in Tel Aviv on April 7,
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