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Chinese immigration consultants say inquiries from wealthy individuals trying to leave the country have surged following the lockdown of Shanghai, underscoring the mounting frustration with Beijing’s zero-Covid strategy. Calls about emigration have risen sharply this month, according to more than a dozen consultancies, following an outbreak of the Omicron coronavirus variant that led authorities to
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This is an audio transcript of the FT Tech Tonic podcast episode: US-China Tech Race: Shock and Awe Demetri SevastopuloI mean, I have to be very careful and kind of not get into sourcing at all, but I can just say that I had a tip that China had done something incredible and that it
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Last week everyone’s fave attention-junkie technology impresario launched a $43bn hostile offer for Twitter. It has raised Questions, to put it mildly. Apart from the company likely not wanting to sell at just $54.20 per share, a big challenge to Elon Musk’s bid is that the company is not exactly the profit machine that debt
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Your browser does not support playing this file but you can still download the MP3 file to play locally. Many people with lingering symptoms of Covid-19 struggle to work or have been forced to leave the workforce entirely. Plus, the FT’s capital markets correspondent, Robert Smith, talks about the lessons learned from the collapse of
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Janet Yellen, the US Treasury secretary, did something important and, for the most part, underreported last week. She relinked trade to values. In an address at the Atlantic Council in Washington, the secretary called for a new Bretton Woods framework and a revamp of the IMF and World Bank institutions, both of which are holding
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Pay for FTSE 100 chief executives bounced back to pre-pandemic levels after increasing by a third in 2021, as some sectors experienced a post-Covid boom and companies measured performance against conservative targets. An analysis by PwC of the first 50 FTSE 100 companies to publish their 2021 remuneration reports — based on financial years ending
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To step inside Carmen Haid’s Marrakech home is to be immersed in a sunset palette of Sahara brown, ochre and burnt red – the same tones that define so much of the ancient city’s architecture. Haid, who embarked on a career in fashion and worked alongside Yves Saint Laurent in the 1990s handling his PR,
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The proposed $40bn merger between India’s biggest private sector bank and mortgage provider has been driven by tighter regulation of the country’s shadow banking sector, according to the executive spearheading the deal. The merger of HDFC Bank and Housing Development Financing Corporation (HDFC) would be the largest in the country’s history and create a financial
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In February, Xiaomi founder and chief executive Lei Jun threw down the gauntlet to Apple and Samsung, vowing to make his company China’s top-selling premium brand in three years. “[It’s] a war of life and death,” Lei said in a post on Chinese social media site Weibo. Xiaomi, the world’s second-largest smartphone vendor, is a
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There appears to be a prevailing belief that during lockdown Boris Johnson morphed into a 21st century Marie Antoinette, scoffing cake and guzzling wine, while saying, “Let them go to parties” — only to be reminded that his own rules prohibited them from doing so (FT View, April 13). Many commentators have written that he
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