Warren Buffett and 3G were taken aback by the harsh rejection of the takeover offer they had backed but people close to the Anglo-Dutch group say the deal made no financial or strategic sense for them. Arash Massoudi and James Fontanella-Khan tell a tale of miscalculation and culture divide
The scale of remuneration for CEOs has caused anger and triggered debate about the effectiveness of how it’s structured and whether it’s time to rein in their huge increases, says Patrick Jenkins in his Big Read report for the FT’s Runaway Pay series. Here, Christopher Grimes talks to Patrick and John Gapper about how executive pay became so out of proportion to average wages and what changes we are likely to see
High hopes that new immunotherapy drugs would prove to have benefits over toxic chemotherapy were dashed by large-scale trials, says David Crow. Pharmaceutical groups are now working on combinations of the immunotherapies and using them with chemo, but some pharma groups have suffered big losses and Wall Street has become sceptical
The $580bn relationship between Mexico and the US is vulnerable as the new American president picks his targets, say Jude Webber, Shawn Donnan and John Paul Rathbone. But Enrique Peña Nieto does have some negotiating leverage
The blasphemy case against Jakarta’s governor and ally of President Widodo could land Basuki Tjahaja Purnama in jail, says Ben Bland. Religious and ethnic tensions are rising in the Muslim-majority country and critics say the backlash against the Chinese minority — to which Purnama belongs — is being stoked by political rivals
The former leader in Japan’s global corporate expansion and technological innovation has faced humiliation after humiliation from soured investments, nuclear disaster and scandal. And after sell-offs, writedowns and a boardroom clear-out Toshiba’s troubles do not appear to be over yet, say Leo Lewis and Kana Inagaki.
Donald Trump’s promise to lighten financial services regulation has boosted the big banks’ spirits. But Ben McLannahan and Barney Jopson’s Big Read report ‘What Wall Street wants from Trump’ asked how realistic their hopes are. Here, Ben, Brooke Masters and Chris Grimes discuss the chances of the Dodd-Frank regulatory regime being dismantled
We are at the end of both an economic era and a geopolitical one, says Martin Wolf. What lies ahead? Will the post-world-war period led by the US descend into deglobalisation and conflict, or will a new order emerge with non-western powers such as China and India playing a bigger role in stability?
Since the Tahrir Square popular revolt of 2011 control has only tightened over civil society and the social and economic problems have worsened, says FT deputy editor Roula Khalaf. But President Abdel Fattah al-Sisi believes he can save his country from catastrophe
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