French authorities and European parliament tighten screws on Shein
Also in this newsletter: European parliament votes on further delaying deforestation rules
FirstFT: Britons braced for Budget ‘stealth tax’
Also in today’s newsletter, crypto-hoarders dump tokens and Poland’s railway-protecting drones
Sports Exchange
This series features insights from some of the most influential figures in sports ownership and leadership. In this instalment, Sportable co-founders Dugald Macdonald and Peter Husemeyer discuss how smart equipment could reshape the business of sport
Transcript: What are the hedge funds shorting?
Katie Martin talks to Robin Wigglesworth
Venture Global says Shell waged ‘campaign’ to damage its LNG business
US producer escalates rivalry with European oil firm
Transcript: Google closes in on Nvidia in the AI race
Marc Filippino talks to Nikou Asgari and John Foley
Fall in Chinese investment suggests Xi’s ‘anti-involution’ drive is biting
If data proves accurate then decline in flow of funds into fixed assets will make growth targets harder to hit
Stephen Friedman on why he is closing his New York gallery
‘It was a tough decision,’ says the gallerist, who retains his London space and is pursuing growth elsewhere
Can a drone wall really work?
International co-ordination, not technology, is the major barrier to Europe’s defence against unmanned aerial vehicles
Britain’s wealthiest are voting with their feet
Plus, lenders take control of a French nursing home group and companies dump crypto holdings
Climate urgency means action bypassing COP is necessary, says COP30 boss
Entrenched positions and consensus nature of UN climate talks slow down progress, says Corrêa do Lago
EQT set to hand debt-laden French nursing home company to creditors
Blackstone and KKR among the groups preparing to take control of Colisée and inject more than €250mn
South Africa’s Zuma family feuds over alleged trafficking of recruits to Russia
Former president’s daughter says she was manipulated into sending men who ended up on the frontline in Ukraine
China is making trade impossible
Europe has nothing to offer and difficult decisions to make
Poland plans drone fleet to shield railway from sabotage attacks
Warsaw moves to bolster security after an explosion on a rail line that it blamed on Moscow
Don’t worry about another leveraged gilt market blow-up
Keep calm and carry on
The fatal flaw in using bitcoin as a currency
There is a crypto parallel in the aftermath of Europe’s 14th century bubonic plague
The costs of India’s hunger for cheap steel
Booming production may buoy the domestic economy, but is causing environmental damage and trade tensions
Should I make a career move to the UK?
I’m worried about the tax implications as well as the practicality of getting a visa
US personal injury firms lead effort to bring private equity into legal sector
Attorneys who pioneered billboard advertising are again pushing the boundaries around outside ownership of law groups
Crypto hoarders dump tokens as shares tumble
‘Digital asset treasury’ craze sours amid $1tn rout in cryptocurrency market
Smart balls, sensor-laden shirts, and the quest for granular sports data
The founders of Sportable are using sensors to provide a wealth of information for athletes, teams and fans
Who says management consultants can’t be literary heroes?
Dickens and Gaskell engaged with the everyday realities of industrial capitalism. Now, workplace dramas rarely make it on to the page — but for novelist Alexander Starritt, business is life
Cecilia Vicuña lost her precious paintings in exile — and learned to begin again
Many of her pieces were discarded or destroyed following Chile’s coup d’état. But the 77-year-old artist is driven by an instinct for survival