The Financial Times is a privately owned British newspaper with a global reach. Employing approximately 6,130 people and headquartered in the UK, its primary business is the publication of a daily newspaper focusing on international business, finance, economics, and politics.
Barclays' chief executive, C.S. Venkatakrishnan, urged the government to limit public sector pay increases in order to manage inflation and public finances before the November budget. Separately, ExxonMobil suspended planned investments totaling around €100 million in chemical recycling projects in Antwerp and Rotterdam, citing Europe's lack of competitiveness for large industrial projects. ExxonMobil's chief executive, Darren Woods, also stated that penalties proposed in the European Union's climate and social responsibility legislation would be excessively burdensome. Finally, Hesai co-founder David Li expressed concerns about societal and regulatory unpreparedness for fully autonomous vehicles, following the company's HK$4.16 billion (US$535 million) Hong Kong listing.
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