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FT Person of the Year: Lars Fruergaard Jørgensen of Novo Nordisk
The Danish company’s drugs for obesity could have a profound impact on healthcare, society and our relationship with food
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UBS hit with $400mn of Credit Suisse-linked property costs
Bank had to break leases to vacate defunct rival’s buildings
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Activist Cevian places €1.2bn bet on UBS
Swiss lender could double valuation if it can close gap with US rival Morgan Stanley, investor says
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US set to strengthen international force to protect Red Sea shipping
Iran-backed Houthi rebels have stepped up attacks on vessels in critical artery for global trade
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Tesla rival Nio secures $2.2bn investment from Abu Dhabi fund
UAE investment vehicle CYVN takes 20% stake in Chinese group as Beijing’s ties with Middle East groups deepen
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Nikola founder Trevor Milton sentenced to 4 years for fraud
Truck start-up’s market value fell sharply after report claimed investors had been misled
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Apple approaches Goldman to wind down card partnership
Move comes as Wall Street bank explores ‘strategic alternatives’ for its consumer business
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