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Nelson Peltz’s son builds first public activist stake in Intertek

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Matt Peltz, the son of activist investor Nelson Peltz, has built a stake in Intertek, the FTSE 100 group that is...

Southwest Air drops as US airlines contend with soaring fuel | Fortune

Southwest Airlines Co. reported adjusted quarterly profit and revenue that fell just shy of Wall Street’s expectations, as the US carrier joins rivals in grappling with higher fuel costs.Shares in the Dallas-based airline extended losses in aftermarket trading after...

Meet ‘Ace,’ the paddle-wielding robot who just beat humans at ping pong in AI breakthrough | Fortune

A paddle-wielding robot is so adept at playing table tennis that it is posing a tough challenge to elite human players and sometimes defeating them, according to a new study that shows how advances in artificial intelligence are making robots more agile.Japanese electronics...

EQT warns AI fears will stall sales of private equity software stakes

Stay informed with free updatesSimply sign up to the European companies myFT Digest -- delivered directly to your inbox.EQT has warned that fears that AI will destroy many software businesses will stall private equity firms selling their investments in...

Sorry, Tampa Bay, mixed-use districts don’t reverse the dismal economics of sports venues

When the Atlanta Braves opened Truist Park in 2017, Major League Baseball Commissioner Rob Manfred called it a “watershed” moment.What drew so much attention to the new Braves’ stadium in suburban Cobb County, Georgia, at...

How personal finance advice is getting political, thanks to ‘finfluencers’

Once seen as often dry and sometimes intimidating, personal finance advice is a far cry from what it was in your grandparents’ day.It’s not just the array of new online tools, from banking apps...

Yale asked the right question. Now the rest of higher education owes an answer | Fortune

Earlier this month, Yale published the findings of a year-long faculty investigation into why Americans have lost faith in higher education. Ten tenured professors. Hundreds of consultations. Unanimous conclusions. That took institutional courage, and the rest of us in...

Keir Starmer’s growing list of apologies

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.For Sir Keir Starmer, apologising is becoming an unwelcome habit. The prime minister has stood up multiple times in the House of...

Feud between AI power startup Fermi and its fired CEO and top shareholder heats up over proposed sale | Fortune

The new leadership of the AI power startup Fermi is feuding with its fired CEO and top shareholder over a potential sale of the company.The struggling Texas company, which went public last year at a nearly $20 billion market...

Starmer’s political woes deepen as Mandelson scandal saps his authority

Sir Keir Starmer on Tuesday went through the motions of defending his handling of the Peter Mandelson scandal, but the mood around the cabinet table — the averted eyes, the virtual silence — pointed to a prime minister in...
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Lebanese journalist killed in targeted Israeli airstrikes, officials say

Aoun said preserving Lebanese sovereignty over all of its territory was his top priority, and that Lebanese negotiators would...
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