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The government of Rwanda on Thursday confirmed that it had signed a “bold new partnership” with the UK under which some people seeking refugee protection in Britain will be transferred to the central African country while awaiting processing. The announcement comes ahead of a speech in which Prime Minister Boris Johnson will pledge to tackle
Let us see if Elon Musk has learnt anything. Four years ago, the Tesla chief executive loosely offered to take his electric vehicle company private, at one point misleadingly posting a tweet that he had “funding secured” for such a transaction. This message flouted US securities law sufficiently for US regulators to require Musk’s social
Remember Alphawave? In 2021, the once Toronto-based semiconductor IP company IPO’d on the LSE to great fanfare, with some drawing comparisons between its capital-light business model and previous stock exchange darling ARM. The valuation, at £3bn for a company with just £40mn of trailing revenues, matched the hype. Then it all went a bit pear
So potently provocative is director Cecilia Alemani’s vision for a feminised Venice Biennale that, almost a month before the event, the effect was already pronounced in the city’s early-launching off-site shows. Alemani’s exhibition The Milk of Dreams, titled after a fairy tale by the surrealist artist Leonora Carrington, will include just 21 men out of
While 80 countries from Albania to Zimbabwe are participating in this year’s Venice Biennale, the national pavilion of one traditional participant now stands closed and empty: that of the Russian Federation. The pavilion — built just before the 1917 Soviet revolution and renovated last year — was to feature artists Kirill Savchenkov and Alexandra Sukhareva,
Good morning. A happy little bump in airline stocks yesterday from some good Delta earnings. Vindication for Armstrong! Sort of! Email us: robert.armstrong@ft.com and ethan.wu@ft.com. JPMorgan and the economy JPMorgan Chase is the most important bank on Wall Street and, arguably, the world. Its shares have fallen 25 per cent in the past six months.
Good morning and welcome to Europe Express. Among the last policy announcements expected before the Easter break is the outcome of the European Central Bank’s governing council meeting today, which may shed further light on how the Frankfurt-based bank seeks to reconcile apparently clashing priorities. We’ll explore the conundrum of helping countries borrow at affordable