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FT News Briefing
Scotland’s first minister resigns
Apr 30, 2024
Humza Yousaf resigns as Scotland's first minister, triggering political shake-ups. WeWork's restructuring deal sidelines Adam Neumann. Venture capital firm leads major fundraising in African tech. Analysis highlights challenges and opportunities in investing in African tech startups for economic growth.
11:30
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Quick takeaways
- Humza Yousaf resigned as Scotland's first minister due to a vote of no confidence after breaking a power-sharing agreement with the Scottish Greens.
- WeWork's senior creditors gained control over the reorganized company with a $450 million investment, rejecting co-founder Adam Neumann's comeback bid.
Deep dives
Scottish National Party Leadership Crisis
The Scottish National Party faced a major setback as Humza Yousaf resigned from his position as Scotland's first minister. Yousaf attempted to reset his leadership by breaking a power-sharing agreement with the Scottish Greens, aiming to refocus on critical issues such as health and education. However, this move led to a vote of no confidence against him, eventually resulting in his resignation and the need for a new party leader.
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