Category: FT

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Toyota Motor chair Akio Toyoda has gained 96.72 per cent approval for his re-election in a sign of significant shareholder support as the world’s largest carmaker starts to put a data falsification scandal behind it. The stronger backing, revealed in a company filing on Friday, marks a major recovery from last year’s shareholders’ meeting, when the scion of Toyota’s founding family received just 72 per cent backing, the lowest ever…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India’s Prime Minister Narendra Modi has visited the site in Ahmedabad, where an Air India jet crashed on Thursday, killing more than 200 people in the country’s worst civil aviation disaster in almost three decades.  Video footage from the site showed the Indian leader on Friday viewing the wreckage of the plane, including a portion of its tail, as well as burnt buildings at a medical student compound near the…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Over the past year, the border dividing the Korean peninsula has been the site of a fierce broadcast battle, with both sides aiming deafening loudspeakers at the other. But South Korea’s new leftwing president, Lee Jae-myung, has taken early steps to dial down the acrimony, ordering his country’s military to cease the broadcasts in a possible early signal of his administration’s more conciliatory stance towards its northern adversary. Lee’s spokesperson…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If you don’t know Taipei but know Tokyo or Shanghai, you might think it’s loads of high-rises. But no, there are probably only a couple – then a lot of low buildings. Taipei is very understated in terms of its architecture; Taiwan is relatively a new country. There’s a sense of grey across the city that, for me, is similar to being in London. It’s quite wet; it’s slightly dystopian. But…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The organisers of the Wimbledon tennis championships are targeting India for growth due to the country’s strong cultural ties to the UK and its huge number of sports fans.  Sally Bolton, chief executive of the All England Lawn Tennis Club, told the Financial Times that India had joined the US as a main focus for growing the audience of the sport’s oldest Grand Slam tournament, which begins later this month. …

This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Only one person has survived yesterday’s tragic crash of a London-bound Air India flight in Ahmedabad. The flight, which was carrying 242 passengers and crew, went down minutes after taking off. Home minister Amit Shah said the process of retrieving bodies was nearly complete and an official number of deaths will be released after they have been identified and DNA…

Stay informed with free updates Simply sign up to the Financial & markets regulation myFT Digest — delivered directly to your inbox. Britain’s financial regulators need to learn from Singapore by ditching their “risk-averse culture”, stepping up support for economic growth, and becoming more welcoming to businesses, a House of Lords committee has said. Since the 2008 banking crisis, the Financial Conduct Authority and Prudential Regulation Authority have introduced “unnecessary frictions” that undermine growth and innovation and “discourage new entrants”, the House of Lords Financial Regulation Committee said on Friday.…