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Premier Inn owner urges investors to resist pressure from activist hedge fund

Whitbread asks shareholders to reject Corvex Management’s demand for a board seat

Building in Covent Garden bequeathed to heritage charity to ensure 228-year institution remains ‘part of the city’s cultural life’

Applications for summer internships rise 27% as students face ‘day zero’ fight to get ahead in increasingly automated recruitment process

Hospitalisation sends shockwaves through Catholic Church at a time when many see 71-year-old pontiff as a powerful moral voice

Iran-backed militants retaliate after Riyadh-led coalition targets sites in Yemen’s capital

Also in today’s newsletter: Russia arrests a Japanese journalist and Anthropic warns over rogue ‘AI worms’

Move comes after US president said he would drop opposition to renewable energy projects to win support for permitting bill

Apple supplier built a dormitory town to house hundreds of workers in country’s fastest depopulating prefecture

AI lab discovered a recording device concealed behind a television in a conference room

Declines for Samsung and SK Hynix drag Korea’s Kospi sharply lower as investors fret over the scale of AI investment

Some stores reported fridge temperatures as high as 80C, melting equipment and destroying food

Katie Martin talks to Robert Armstrong

US bank failed to flag $5bn in suspicious transactions linked to suspected illicit finance from China and the southern US border

Americans are still spending, despite their complaints about the economy

David Kogan issues warning as watchdog publishes report saying the English men’s game ‘stands on the edge of financial disaster’

Detention of Hokkaido Shimbun reporter follows series of arrests denounced as politically motivated

The BJP must address young people’s political and economic frustrations

Prime minister and chancellor host roundtable meetings with leading business figures to calm nerves ahead of the Budget

Number of investors with more than £1mn in their account tops 7,700

It would be foolish to think the Wall Street giants can’t outrun the threat of AI

Ukrainian leader stops short of linking intelligence gap to Trump administration’s threats to withdraw US support

Donald Trump had said he was considering firing the ambassador after reports claiming she accepted improper gifts

JPMorgan Chase and Goldman Sachs earnings boosted by equities businesses in another strong quarter