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Brazilian oil major Petrobras sought to end weeks of turmoil on Thursday by appointing a new chief executive, after two previous bosses were removed within a year following tensions with President Jair Bolsonaro. The state-controlled company said its board had elected José Mauro Coelho, a public sector official specialising in the energy sector, as chief
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Pakistan’s military establishment has dismissed ousted prime minister Imran Khan’s claims that he was the victim of a US-led conspiracy, and described his visit to Moscow on the day Russia invaded Ukraine as “embarrassing”. In rare public comments on Thursday, Major General Babar Iftikhar, the army’s spokesperson, denied Khan’s assertions that Pakistan’s national security committee
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Remember Alphawave? In 2021, the once Toronto-based semiconductor IP company IPO’d on the LSE to great fanfare, with some drawing comparisons between its capital-light business model and previous stock exchange darling ARM. The valuation, at £3bn for a company with just £40mn of trailing revenues, matched the hype. Then it all went a bit pear
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Let us see if Elon Musk has learnt anything. Four years ago, the Tesla chief executive loosely offered to take his electric vehicle company private, at one point misleadingly posting a tweet that he had “funding secured” for such a transaction. This message flouted US securities law sufficiently for US regulators to require Musk’s social
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The government of Rwanda on Thursday confirmed that it had signed a “bold new partnership” with the UK under which some people seeking refugee protection in Britain will be transferred to the central African country while awaiting processing. The announcement comes ahead of a speech in which Prime Minister Boris Johnson will pledge to tackle
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The writer is founder of Sifted and a former FT Moscow bureau chief On a trip to Silicon Valley a while ago, I had back-to-back meetings with the founder of a fintech firm, the head of a start-up incubator and a senior executive at a virtual reality company. By chance all had one characteristic in
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While 80 countries from Albania to Zimbabwe are participating in this year’s Venice Biennale, the national pavilion of one traditional participant now stands closed and empty: that of the Russian Federation. The pavilion — built just before the 1917 Soviet revolution and renovated last year — was to feature artists Kirill Savchenkov and Alexandra Sukhareva,
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So potently provocative is director Cecilia Alemani’s vision for a feminised Venice Biennale that, almost a month before the event, the effect was already pronounced in the city’s early-launching off-site shows. Alemani’s exhibition The Milk of Dreams, titled after a fairy tale by the surrealist artist Leonora Carrington, will include just 21 men out of
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