A sudden ban on short selling in South Korea is stirring controversy among global investment banks. Rishi Sunak’s shock announcement of David Cameron’s return as Foreign Secretary has sent ripples through UK politics. Meanwhile, Hollywood is bouncing back with a new labor deal that empowers actors and writers, addressing critical issues like AI protections. The entertainment industry faces scrutiny over budget cuts at major studios, raising concerns about content quality and job security.
Global banks criticize South Korean short selling ban, arguing it will drain liquidity from financial markets and make it difficult to value listed companies.
UK Prime Minister Rishi Sunak's cabinet reshuffle, which includes bringing back David Cameron as the new Foreign Secretary, aims to appeal to moderate conservative voters and recover support for the Conservative Party.
Deep dives
Global investment banks upset with South Korean short selling ban
South Korea has implemented a ban on short selling, which has drawn criticism from global investment banks. The ban, which will last until June, is aimed at addressing fair pricing issues in the country's capital markets. However, banks argue that it will make it difficult to properly value listed companies and drain liquidity from South Korea's financial markets.
UK Prime Minister Rishi Sunak reshuffles cabinet
UK Prime Minister Rishi Sunak has made significant changes to his cabinet, including bringing back former Prime Minister David Cameron as the new Foreign Secretary. Suella Braverman, the Home Secretary, was also sacked. Sunak's reshuffle aims to send a signal to moderate conservative voters and recover support for the Conservative Party, which is currently polling at a low 24%.
Hollywood actor strike ends with billion-dollar deal
After months of strikes by writers and actors, Hollywood has reached a tentative billion-dollar deal with studios and streaming companies, ending the standstill. The new contracts provide actors and writers with better pay for streaming and protections regarding artificial intelligence. However, despite the wins, belt-tightening is expected as studios cut content budgets, potentially impacting the quantity and quality of future productions.
Global investment banks have criticised a blanket ban on short selling imposed by South Korean regulators, UK Prime Minister Rishi Sunak stunned Westminster on Monday by restoring former PM David Cameron to the political frontline, and the FT’s Christopher Grimes explains what the future of Hollywood might look like after months of strikes.
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