Business News
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than 5,000 people who invested in Neil Woodford’s collapsed equity fund are suing Hargreaves Lansdown, claiming the UK’s largest investment site continued to recommend the product even as it ran into trouble. Claims firm … Read more
At work, Joey Wat is known as the Chief Executive Officer of Yum China. At home, she’s known as the “chicken killer” by her son. In reality, it’s a monicker that has to do with the success of KFC China—one of the company’s many fast food brands including Taco Bell and Pizza Hut. Speaking at … Read more
Grim details have surfaced in the trial of Dylan Thomas, a 24-year-old from the UK, accused of murdering his childhood friend and roommate, William Bush, on Christmas Eve 2023. Thomas, who is the heir to the Rs 2,500 crore Peter’s Food Services empire, allegedly stabbed Bush 37 times. Prosecutors revealed, according to the NY Post, … Read more
In the wee hours of November 6 when the U.S. presidential race was called for Donald Trump, many Americans made a prediction, some advisers say: A Trump victory means lower taxes are here to stay. For the past year, many Americans were bracing for the expiration of the 2017 Tax Cuts and Jobs Act (TCJA), … Read more
Luis Alvarez U.S. credit card delinquencies continued to edge up in October, while the rate of uncollectible debt written off by lenders continued to retreat, according to a compilation of data from company disclosures. Both metrics remained elevated relative to pre-pandemic levels.
Joe Lonsdale, an 8VC managing partner, joins ‘Mornings with Maria’ to discuss Donald Trump’s cabinet picks and their impact on his political agenda. President-elect Trump’s transition team is looking to get rid of the $7,500 federal tax credit for electric vehicles enacted during the Biden administration, Reuters reported Friday. Citing two sources familiar with the … Read more
By Jake Spring and Lisandra Paraguassu RIO DE JANEIRO (Reuters) – Diplomatic tensions over global warming will take center stage at the G20 summit in Brazil this week, as negotiators at U.N. talks in Azerbaijan hit an impasse on climate finance that they hope leaders of the world’s 20 major economies can break. Heads of … Read more
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia on Sunday launched dozens of missiles and drones in what Ukraine’s foreign minister said was one of the largest air attacks of the war, targeting power facilities across the country and sending Kyiv … Read more
Nothing gold can stay. Despite years of strong performance, the market for personal luxury goods is set to slow down this year for the first time since the 2009 Great Recession. Now, 50 million luxury consumers have either ditched buying designer bags, scarves, watches, and more—or have been priced out, Bain & Company’s new annual … Read more
The internet was abuzz with excitement and disbelief after Jake Paul’s stunning victory over boxing legend Mike Tyson. But what truly caught the attention of netizens was a peculiar claim: The Simpsons had predicted this outcome years ago. A viral video circulating online shows a scene from the popular animated series where a character resembling … Read more