They smelt the future – and took it online

The indie director: Scout Dixon West @scoutdixonwest, 144.3k followers There’s a cinematic moodiness to Scout Dixon West’s Instagram feed that makes sense on discovering she’s a scriptwriter and a former model, one who can still work the camera with a smoulder that matches her eponymous perfume brand. Growing up in northern California, Dixon West, 28, … Read more

Walmart is supercharging revenue — but with fewer workers

The thousands gathering at Walmart’s employee jamboree this week will celebrate record-breaking revenue, newly opened stores and a market-beating stock price.  One thing that is not expanding at Walmart is the number of employees. Walmart, the largest US private sector employer, counted 2,165,465 staff worldwide as of the end of last year. That was almost … Read more

UK medical robotics company aims for $4bn sale

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK medical robotics group CMR Surgical has put itself up for sale, seeking a valuation of as much as $4bn as the company plots its launch in the US, the biggest surgery market globally. Cambridge-based … Read more

Bank of England neglected climate and nature risk, say former senior staff

Senior Bank of England staff members who resigned from climate and nature risk supervision roles have complained the central bank neglected the issues, leaving the UK financial sector underprepared. Six people who left the BoE between 2020 and last year told the Financial Times that climate change had been deprioritised under governor Andrew Bailey. Some … Read more

Uber brings back chief operating officer role as Khosrowshahi loosens grip

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Uber has appointed its first chief operating officer since 2019, as chief executive Dara Khosrowshahi shakes up senior leadership and loosens his grip on the ride-hailing company. Andrew Macdonald, Uber’s head of mobility, has been … Read more

US moves to open Alaskan wilderness to oil drilling with Biden rule rollback

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump’s administration has begun a process to open swaths of Alaska’s wilderness to oil drillers by scrapping Joe Biden-era restrictions as the president pushes ahead with sweeping green rollbacks.  The US interior … Read more

Google to spend $500mn on compliance to settle shareholder antitrust suit

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Google’s parent company Alphabet will spend at least $500mn over the next 10 years on rebuilding its global compliance structure, under the terms of a proposed settlement with shareholders suing it for alleged antitrust violations. … Read more