Volkswagen, the pioneer of the “people’s car” that epitomised the auto industry’s obsession with expansion, will axe dozens of combustion engine models by the end of the decade and sell fewer cars overall to concentrate on producing more profitable, premium vehicles. “The key target is not growth,” said Arno Antlitz, chief financial officer, in a
Regarding Larry Davis’ suggestion (“A neighbourhood name change that might catch on”, Letters, FT Weekend, March 26) that his San Francisco Russian Hill neighbourhood name should be changed to “Ukrainian Hill”, we’ve been here before. San Francisco’s Japanese Tea Garden, in Golden Gate Park, conceived in 1894 from a World’s Fair exhibit, was developed into
Joseph Cotterill’s article on the Chagos islanders (“Chagos islanders push Mauritius and UK to heal history’s wounds”, Special Reports, FT.com, April 1) notes that Mauritian officials have asked Google Maps to “mark the [Chagos] islands as Mauritian”. If the experts at Google decline this request from Port Louis, the Mauritian capital, I wonder if they
I disagree with Patrick Jenkins’ article “Russia investors should put morals ahead of profiteering” (Opinion, March 29). No one is advocating giving more capital to Russia-linked companies or the Russian government. Trading in the secondary market simply provides liquidity for the investors who need to depart for various reasons. Some of those investors will have
Your browser does not support playing this file but you can still download the MP3 file to play locally. In the first of a two-part series on the end of work as we know it, Isabel talks to two of the FT’s experts on employment and work trends – Sarah O’Connor in London and Taylor
Instagram has cut the amount it pays makers of short videos as the Meta-owned business adapts its strategy towards so-called influencers while facing fierce competition from TikTok. The invite-only scheme, which is available to some Instagram users in the US, pays a rate based on the views received on clips called “Reels”. Instagram introduced the
The Czech Republic has been sending tanks and infantry fighting vehicles to Ukraine, in a below-the-radar bid to bolster the eastern European nation’s capacity to resist Russia’s invasion. The deliveries are the first known time that a foreign country has supplied tanks to Ukraine, whose president, Volodymyr Zelensky, has repeatedly appealed for western military support
The mass expulsion of Russian officials from embassies across Europe accelerated on Tuesday amid outrage over Moscow’s aggression in Ukraine and growing concern over spies masquerading as diplomats. Italy, Spain, Denmark, Sweden, Estonia and Romania announced the expulsion of a total of 90 Russian diplomats, following similar moves in recent days by Germany, Poland and