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Boris Johnson has shelved plans to ban multibuy deals on unhealthy food in supermarkets after concluding that it would hit British consumers’ wallets during a broader cost of living crisis. The U-turn prompted immediate condemnation from health experts who said it would undermine the UK government’s efforts to tackle obesity — which puts an enormous
For the next few months in New York, we’re going to have daylight until 8pm. As the sun stays out longer and the days get warmer, there’s a playful and slightly reckless charge to the air. Summer is coming, and one can’t help but feel a little giddy, as though the season could still bring
One of Tether’s key partners halved its borrowings of the stablecoin in the months before the temporary loss of its dollar peg spread shockwaves through markets. Celsius Network, a crypto lender with digital assets valued at $17bn, reduced its borrowings of Tether’s USDT stablecoin down to 500m before the recent market volatility, according to a person
Andrei Kozyrev’s admirable opinion piece (“Putin’s military parade will be a squalid spectacle”, Opinion, May 7) points out the similarities “between Russian aggression today and Hitler’s war of conquest in Europe after 1939”. But surely the similarities lie even closer to home: Soviet aggression in 1939, when it invaded Poland from the east, exterminating or
The world’s largest carmakers have warned supply chain disruptions and higher raw material prices threaten the rollout of electric vehicles, even as demand for battery-powered models vastly exceeds manufacturers’ current production capacities. Speaking at the Financial Times’ eighth Future of the Car summit this week, Tesla chief executive Elon Musk cast doubt on his company’s
How are the mighty fallen. The Nasdaq has had its worst week since March 2020: It is down 28 per cent this year. Scottish Mortgage is down 41 per cent in the year to date — and is no longer the largest investment trust in the UK. The Ark Innovation ETF in the US is
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