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Monday briefing: After a month of political chaos, where does South Korea go now?
Good morning.
South Korea finds itself embroiled in its gravest political crisis since democratisation in the 1980s. Turmoil erupted just over a month ago, when president Yoon Suk Yeol imposed martial law on the evening of 3 December – the first such declaration in 45 years – claiming to shield …
FTSE 100 bosses make more money by noon today than average worker in a year
The chief executives of FTSE 100 companies will have made more money in 2025 by midday on Monday than their average worker does in a whole year, according to the latest measure of inequality between bosses and their employees.
Median pay for FTSE 100 chief executives is £4.22m, 113 times …
Nicolas Sarkozy goes on trial accused of receiving illegal funding from Gaddafi
Tributes paid after former Greek PM Costas Simitis dies aged 88
Tributes have been paid to the former socialist prime minister Costas Simitis, who with dogged determination guided Greece into the eurozone and took the vital steps to ensure it was ready to host the 2004 Athens Olympic Games.
News of Simitis’s death at the age of 88 was met on …
Amazon aims to branch into UK internet market with satellite broadband plan
Amazon is hoping to offer a satellite broadband service in the UK within the next two years as it prepares to launch a constellation of spacecraft that could ultimately deliver a mobile signal even to the most remote areas.
The tech company, founded by Jeff Bezos, said it would seek …
Barclays suggested ‘mystery shoppers’ could pretend to be blind or deaf
Barclays is facing criticism over adverts for paid “mystery shoppers” which suggested that people could pretend to be blind or deaf to test the services at the British bank’s high street branches.
The bank hired market research firm Ipsos to carry out testing at branches. The Barclays-branded instructions said candidates …
Rise of the Pips is a reminder to employees that no one is irreplaceable
If there’s one thing I’ve learned about large, corporate customers is that trying to get anything done with their employees between 15 December and 15 January is impossible. Nearly everyone’s on vacation. And, c’mon, let’s all agree: the ones who aren’t on vacation aren’t working very hard.
You can’t blame …
‘Don’t feed the troll’: German chancellor responds to Elon Musk comments
When the German chancellor, Olaf Scholz, was asked in an interview about the barrage of insults being directed at him and other German leaders by Elon Musk, the world’s richest man, his reply was: “Don’t feed the troll.”
Speaking to German weekly Stern, Scholz described the criticisms as nothing new. …
From Trump tariffs to AI: the big economic questions facing governments in 2025
January is always a time for new beginnings and fresh thinking. But with Donald Trump heading for the White House and a new(ish) Labour government in charge of a faltering UK economy, the onset of 2025 seems especially portentous.
Forecasting is a mug’s game, as former Bank of England governor …
Uniqlo, Gymshark and Lush stop hiring UK workers via gig economy apps
Lush, Uniqlo and Gymshark have stopped using freelance retail workers hired through apps such as YoungOnes and Temper, after unions criticised the gig economy companies.
The TUC wrote to the retailers urging them to stop using freelance retail workers amid concerns they were missing out on significant employment rights.
Some …