Author: Press Room

Stay informed with free updatesSimply sign up to the Fintech myFT Digest — delivered directly to your inbox.City veteran Martin Gilbert has vowed he will “never” sell his shares in fintech Revolut as he invests in a new fund aimed at buying stock from employees of fast-growing technology firms globally.Gilbert, who is chair of London-based Revolut, is backing the LTC Invest fund V with two other entrepreneurs, contributing a combined $20mn, according to people familiar with the situation.The fund will snap up stock in established tech companies from existing shareholders — such as fintech staff who took shares in their…

PEOPLE LIVING LONGER Lei Haichao, Minister of the National Health Commission, said China’s public health improvements are evident.  Average life expectancy hit 79 years in 2024 – an increase of 0.4 years from 2023, and a rise of 1.7 years compared to 2019. Hailing the marked improvement, Lei noted that in most countries and regions where life expectancy exceeds 75 years, the annual increase “typically ranges from only 0.1 to 0.2 years”. Data compiled from 53 middle- and high-income countries shows China ranking fourth in terms of life expectancy, according to Lei. He added that China ranks 10th among the…

The airport in Hamburg, Germany’s second largest city, said it had canceled all flights on Sunday because of a one-day strike over pay by ground staff called by a labor union that started its action earlier than expected without warning.The airport had been expected to carry more than 40,000 passengers on Sunday, with 144 arrival flights and 139 departures, but only 10 flights took place before the strike took hold at 6.30 a.m. local time, Hamburg Airport said in a statement, which directed stranded passengers to contact their airlines. The airport said the strike, called by the labor union Verdi,…

With airline safety being top-of-mind after several deadly or near-death incidents on America’s tarmacs and in its skies, maintenance experts and lawmakers alike are calling for more support for specialized training in jet maintenance.President Donald Trump has also called for reforming the education system and increasing overall government efficiency, which experts Fox News Digital spoke with said falls in line with their goals as well. Delays and gate changes at airports are also often attributed to urgent maintenance of aircraft.In the last congressional session, Sen. Tim Scott, R-S.C., unsuccessfully introduced the Aviation Workforce Development Act to expand the “529” qualified-tuition…

At the Veterans Affairs hospital in Pittsburgh, researchers spent months preparing for a clinical trial of a new drug to treat advanced cancers of the mouth, throat and voice box.They were ready last month to start enrolling patients — veterans whose cancer had spread to other tissue and who had run out of treatment options.Then a problem arose.The hospital was unable to renew the job of a key staff member involved in running the study, a typically routine process thwarted by a hiring freeze imposed under the government-cutting project led by President Trump and Elon Musk. Suddenly, the clinical trial…

WNBA player Angel Reese ignited a social media firestorm after claiming players are prepared to sit out games to demand higher salaries during her podcast Friday. Reese and fellow WNBA player DiJonai Carrington addressed the next WNBA collective bargaining agreement.”I’ve got to get in the meetings because I’m hearing like, ‘If y’all don’t give us what we want, we sitting out,'” Reese said.Carrington added, “That’s a possibility.”  Angel Reese of Rose reacts during the first quarter of a game against the Phantom at Wayfair Arena Jan. 31, 2025, in Medley, Fla.  (Megan Briggs/Getty Images)Reese has griped about her financial situation in…

Chinese tech companies raced to launch new products in a week that saw Beijing double down on its calls to support artificial intelligence. An obscure Chinese startup that goes by the name Monica on Wednesday announced an invite-only AI application called Manus that claims to streamline analysis of resumes and financial information using several models from companies such as OpenAI, DeepSeek and Anthropic. “The innovation is probably not as significant as DeepSeek,“ in our view, Nomura China technology analyst Bing Duan and a team wrote Thursday. “However, we believe this product is yet another example of China’s accelerated AI innovation.”…

Cyclone Alfred found its match in our Mazda BT-50, which was filled with sandbags and visited many vulnerable Brisbane homes this weekend.

BANGKOK: Five people were killed and more than a dozen wounded in two attacks in Thailand’s troubled south, police said on Sunday (Mar 9). A low-level conflict has simmered in Thailand’s southernmost provinces since 2004, killing more than 7,000 people, as rebels in the Muslim-majority region battle for greater autonomy. A group of more than 10 assailants opened fire outside the district office of Sungai Kolok, a town on the Malaysia-Thailand border, at around 7pm on Saturday (8pm, Singapore time), provincial police said. They also threw explosives and detonated bombs in an attack that killed two defence volunteers guarding the office…

Here is the situation on Sunday, March 9 : Fighting Russia’s Ministry of Defence said it had retaken the village of Lebedevka in its western region of Kursk, and taken the village of Novenke, across the border in Ukraine’s Sumy region. Russian special forces were storming the town of Sudzha after using a gas pipeline to surprise Ukrainian units as part of a major offensive to eject them from Kursk, pro-Russia war bloggers said. A Ukrainian drone hit an industrial facility overnight in Russia’s Volga River region of Chuvashia, some 1,300km (800 miles) from the border with Ukraine, the regional…