Being middle class once meant being relaxed about the small comforts in life. But now there seems to be 'sticker shock' wherever you turn. A single cup of coffee can easily cost £5 at a motorway service station. A Telegraph columnist lamented how a meal for four at Wagamama, without alcohol, set him back more than £100. And a half chicken with two side dishes at Nando’s, a restaurant generally seen as a budget option, now costs £15.20. https://on.ft.com/47AhxXB
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Crispin Odey has polled former staff in a bid to canvass support ahead of a libel claim against the Financial Times over its reporting of his conduct with women. In 2023, the FT published allegations of sexual misconduct against Odey made by 20 women, including several former employees of his now defunct hedge fund Odey Asset Management. Last week, the financier took the unusual step of emailing former staff, inviting them to take part in a ‘single question poll’ asking whether they felt ‘the depiction of the company and the person of Crispin Odey in the FT article did not reflect your experience of working at Odey’. Respondents were offered only one answer: 'Agree'. There was no option to disagree. https://on.ft.com/47kUe3U
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A Financial Times analysis shows at least 30 individuals or companies that have collectively donated more than $116mn to Donald Trump’s causes have received benefits or advantages from White House moves. Sometimes, the administration acted just days after donations were made. The donors range from crypto and tech billionaires to big insurance firms, tobacco companies and even a manufacturer of bandages from human tissue. Funds were given both before and after his inauguration. There is no evidence of bribery or illegal conduct. But the volume of favourable outcomes for donors raises the question of whether a culture of quid pro quo exists at the heart of the administration. Read the full investigation here: https://on.ft.com/4onox0z
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The UK government’s decision to abolish favourable tax treatment for non-domiciled residents spurred fears that the luxury carmaker would lose its wealthy client base. https://on.ft.com/3KShmPA
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The Financial Conduct Authority said it had identified ‘multiple instances’ where banks and payments companies had missed opportunities to identify suspicious transactions. https://on.ft.com/4na412r
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Breaking news: The US Department of Justice has indicted John Bolton, Donald Trump’s former national security adviser, with charges related to Bolton’s handling of classified documents. https://on.ft.com/49480tV
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Financial Times reposted this
The nutrient spermidine is at the heart of a growing battle about health products touted as having anti-ageing effects. Its promoters cite evidence that it helps extend lifespan in animals - but sceptics point to the lack of research in humans. https://lnkd.in/eUXj9_-t
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These 10 lossmaking AI start-ups have gained close to $1tn in valuation over the past 12 months, raising fears about an inflating bubble that could spill over into the wider economy. Do you think they’re overvalued? Register for FT Edit to read about the AI bubble for free: https://on.ft.com/42JLpiB
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Giorgio Armani's deputy managing director, Giuseppe Marsocci, has been promoted to chief executive of the Italian fashion group following the death of its eponymous founder last month. https://on.ft.com/477eFRt
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