At the world’s best-known lingerie brand, the dirty laundry is on full display. In an open letter to Victoria’s Secret published on June 16th, Barington Capital, an activist investor, told Donna James, the brand’s chairwoman, that the company is failing its shareholders. Hillary Super, chief executive since August, has not “gained the confidence of employees”….
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The writer is senior counsellor at Centerview Partners, president emeritus of the Council on Foreign Relations and a former US diplomat Until now, the initiative in the most recent Middle East conflict has…
The videos keep rolling across your social feeds: Boca Juniors fans on the beach in Miami, while Palmeiras fans light up Times Square. You’ll hear it in the stands and see it in the scenes, too: River Plate fans belting out songs in Seattle and Flamengo supporters roaring during the individual player introductions. The FIFA…
The cement industry produces around eight percent of global CO2 emissions – more than the entire aviation sector worldwide. Researchers at the Paul Scherrer Institute PSI have developed an AI-based model that helps to accelerate the discovery of new cement formulations that could yield the same material quality with a better carbon footprint. The rotary…
Bacteria of the genus Pandoraea have not been studied much to date. Their name is reminiscent of Pandora’s box from Greek mythology, which is a symbol of uncontrollable dangers. “We have been working with an antibiotic-resistant bacterium,” says Elena Herzog. She is the first author of the publication and works as a doctoral researcher in…
Michelle Roberts Digital health editor Getty Images During hot weather, it can be easy to overheat. Although heat exhaustion is not usually serious – as long as you can cool yourself down – heatstroke is a medical emergency which requires immediate treatment. What is the difference between heat exhaustion and heatstroke? Heat exhaustion happens when…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Risk advisory groups have seen a “sharp increase” in inquiries as companies in the Gulf region ready contingency plans and activate crisis teams in preparation for any potential spillover of the Israel-Iran war. Gulf monarchies,…
Getty Images This week, Kansas City Chiefs star tight end Travis Kelce spoke with reporters for the first time since he made the decision to return for his 13th NFL season. There were rumors ahead of Super Bowl LIX that the 35-year old could hang up the cleats for good depending on the outcome of…
Astronomers have discovered a huge filament of hot gas bridging four galaxy clusters. At 10 times as massive as our galaxy, the thread could contain some of the Universe’s ‘missing’ matter, addressing a decades-long mystery. The astronomers used the European Space Agency’s XMM-Newton and JAXA’s Suzaku X-ray space telescopes to make the discovery. Over one-third…
It is common for family empires to eventually pass into the managerial hands of an outsider. Rarely does an heir later take back the reins. Yet that is precisely what is under way at Bertelsmann, a German media colossus. After more than 40 years of being run by a series of hired bosses, the company…
