Rishi Sunak is under mounting pressure to sharpen his agenda after crushing local election losses on Thursday, but even critical Tory MPs said the immediate threat of a leadership challenge to the UK prime minister had receded.Early returns on Friday suggested the Conservatives were on track for the worst result…

Peloton CEO Barry McCarthy is leaving his role, and the company is cutting about 15% of its workforce as numerous attempts to regain its pandemic-era glory have failed. McCarthy, who was named CEO just two years ago, will become a strategic advisor through the end of the year, Peloton said…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Peloton chief executive Barry McCarthy is stepping down from his role as the exercise-bike maker launches a restructuring plan that will cut 15 per cent of its workforce. The former Netflix and Spotify…

Watch out “Connections,” LinkedIn says it’s adding a variety of games aimed at making actual connections. The Microsoft-owned platform, best known for professional networking and sharing news, is taking a page from the New York Times and adding three, free “thinking-oriented” games as a way to tap into the explosive…

Georgian police have brutally cracked down on pro-democracy protesters, marking a significant deterioration of civil rights and a pro-Russia pivot in the EU candidate country. Police on Tuesday night used water cannons, stun grenades, tear gas and pepper spray to break up a large protest against a “foreign agents” law…

Walmart, the largest retailer in the United States, will close all 51 of its health care centers in six states and end virtual health care services, the company said Tuesday. Walmart had made a big push into health care in recent years, opening clinics next to its superstores that offered…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Turkish exports to Russia tumbled at the start of 2024, suggesting that a US crackdown on trade with goods Moscow uses in its war in Ukraine is starting to pay off.Exports from…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Google CEO Sundar Pichai recently fired about 50 employees for protesting the company’s…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.EU defence stocks are losing ground. After a two-year tear, which saw the aerospace and defence index outpace the broader benchmark 10-fold, is the sector’s march higher over?Government rhetoric and cold hard…

As Pro-Palestinian protests continue to sweep across major US universities, a unifying message has emerged. From Princeton University in New Jersey to the University of Southern California in Los Angeles, the same chant can be heard: “Disclose! Divest! We will not stop, we will not rest!” Signs marking the perimeter…