For four years, Toshiba has been at war with its investors in an acrimonious conflict that has smashed the decades-old conventions of corporate Japan. But now, after a bruising series of clashes and defeats for the company in shareholder votes, Toshiba is poised to make history once again — with a ceasefire. In a decision…
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Xiaomi-linked companies have faced increased scrutiny from China’s regulators, with some pausing planned initial public offerings after being questioned about their close relationship with the smartphone giant. Smart mattress maker 8H, intelligent lighting company Yeelight and commercial operating system maker Shanghai Sunmi Technology have shelved IPO plans in recent months, according to documents and Chinese…
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The energy industry is changing. A U.S. Energy Information Administration report found that solar and wind accounted for most new electricity capacity. With diminishing costs and increased demand, the solar and wind sectors are the future of energy. In the US, investment in renewable energy is expected to hit $1 trillion by 2023, up from…
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Are digital parking apps driving you around the bend? FT Money has been contacted by readers who object to being forced to pay for parking via a smartphone app, and we’d like to hear more of your experiences. Some feel digitally excluded, either because they don’t have a phone capable of downloading apps, or they…
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Stefan Hoops had known for some time that he was in the running to take over at DWS, Deutsche Bank’s majority-owned asset manager beset by allegations of greenwashing. But a public police raid on both companies’ Frankfurt offices on Tuesday catapulted the 42-year-old Deutsche lifer into the centre of Germany’s latest corporate catastrophe earlier than…
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Danielle Henderson, a mother of five in north-west Arkansas, quit her job as a registered nurse as Covid-19 began spreading around the world in 2020. There weren’t enough gowns, masks and other equipment to protect her from infection, she says. “I was pregnant at the time and I just didn’t feel protected. And, mentally, I…
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Jamie Dimon has dismissed claims that stakeholder capitalism is “woke”, pushing back against conservative criticism of the environmental and social agenda that much of corporate America has embraced in recent years. In a freewheeling interview at a conference on Wednesday, the JPMorgan Chase chief executive described himself as “a red-blooded free-market capitalist” and said people…
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Fourteen years after joining Facebook, Sheryl Sandberg is leaning back and stepping down. Her departure as chief operating officer of Facebook’s parent company Meta and right-hand woman to founder Mark Zuckerberg comes at a low point for the company. Known for adding cosy anecdotes to investor calls about the small businesses that use Meta’s digital…
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Four people were killed Wednesday in a shooting at a Tulsa medical building on a hospital campus, a police captain said. Tulsa Police Department Deputy Chief Eric Dalgleish confirmed the number of dead and said the shooter also was dead, apparently from a self-inflicted gunshot wound. The incident is the latest in a wave of…
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Sheryl Sandberg is stepping down as the chief operating officer of Facebook’s parent company Meta after 14 years, a major shake-up in which chief executive Mark Zuckerberg will lose one of his closest lieutenants. Sandberg, one of the company’s most high-profile executives, will leave the business “in the fall” after a transition period, while remaining…
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