Business
Sri Lanka’s lawmakers passed a bill on Wednesday regulating internet use among its citizens, in a move that has sparked fears among rights groups of a free speech crackdown. The Online Safety Bill, which passed with 108-62 votes, aims to “make provisions to prohibit online communication of certain statements of…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Tesla warned that sales growth for its electric vehicles would be “notably lower” in 2024 than last year as it braced for flagging consumer demand, intensifying competition and ongoing high interest rates…
Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. It read like a scene out of “Barbie” itself. When the Academy of Motion Picture Arts and Sciences announced the nominations Tuesday morning for the 96th annual Oscars, both Greta Gerwig and Margot…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Netflix blew past Wall Street’s expectations by adding a robust 13mn subscribers in the fourth quarter, defying concerns that its crackdown on password sharing could begin to lose steam.The subscriber figure set…
Australia has publicly named and imposed cyber sanctions on a Russian hacker for his alleged role in a 2022 ransomware attack, in the country’s first use of the penalty. The attack stole sensitive personal data from 9.7 million customers of Medibank, one of Australia’s largest private health insurers: including names,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Plural, a tech investment firm led by some of Europe’s best known start-up founders, has raised €400mn to back the next generation of the region’s entrepreneurs at a time when funding is…
The CEO of Texas-based baby clothing company Kyte Baby has issued two apologies after denying a remote work request by an employee whose baby was admitted into a neonatal intensive care unit. In late December, Kyte Baby worker Marissa Hughes and her partner adopted a baby boy who had been…
Stay informed with free updatesSimply sign up to the Hedge funds myFT Digest — delivered directly to your inbox.The world’s most successful hedge funds made their biggest profits on record last year as punchy bets on stock markets paid off when share prices surged.The top 20 managers made profits for…
After a year in which both actors and writers hit the picket lines, another Hollywood strike may be on the horizon. The American Federation of Musicians (AFM), a union representing musicians across the entertainment industry, will begin negotiations Monday on a new contract with the Alliance of Motion Picture and…
Stay informed with free updatesSimply sign up to the Hedge funds myFT Digest — delivered directly to your inbox.Assets managed by the Chinese operations of Bridgewater and Two Sigma surged as the US hedge funds outperformed their local peers during the market turbulence of last year.Bridgewater China Investment Management, the…