Business News
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If the fast-fashion group Shein manages to become one of the largest UK-listed public companies next year, no one can claim to be unprepared. Founded in China, headquartered in Singapore, spurned by US politicians and … Read more
Australian lawmakers passed landmark rules to ban under 16s from social media on Thursday, approving one of the world’s toughest crackdowns on popular sites like Facebook, Instagram and X. The bill has now passed both parliamentary chambers with bipartisan support, and social media firms will soon be expected to take “reasonable steps” to prevent young … Read more
Adani Power Ltd, which is part of the Adani portfolio companies, announced on Thursday that it has achieved a commendable score of 67 out of 100 in the Corporate Sustainability Assessment (CSA) conducted by global rating agency S&P Global for the fiscal year 2023-24. This score surpasses the sectoral average of 42 and exceeds APL’s … Read more
AI is booming, providing an important pillar of support for the stock market’s substantial year-to-date gains. Put into numerical terms, the tech-heavy NASDAQ composite index, which features many of the AI sector’s major names, has added nearly 30% for this year to date – on top of the 43% gains it registered last year. The … Read more
Howard Buffett explains how his childhood experiences influenced him to become a philanthropist. Berkshire Hathaway CEO Warren Buffett issued an unexpected message to shareholders this week, wherein he announced updates on what will happen to his massive fortune after his death and offered some advice for others on handling how to pass on their wealth. … Read more
SYDNEY (Reuters) – Australia passed a law on Thursday to ban social media for children aged under 16 after days of heated debate, setting a standard for other countries to follow in a global push to curb the power of Big Tech. The law, expected to take effect in November 2025, sets some of the … Read more
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. China’s growing support for Russia is hurting Beijing’s relations with Europe, according to some Nordic and Baltic leaders, as they also urged the EU to urgently toughen its response to hybrid warfare such as sabotage of … Read more
Ikea has tried to take an alternative approach to inflation by absorbing costs instead of passing them on to customers and cutting prices twice this year by a collective €2 billion. While that probably won many new loyal Ikea shoppers as online and in-store traction for the Swedish retailer increased, it was bound to hurt … Read more
Reliance Finance and Investments USA LLC, a step-down wholly-owned subsidiary of RIL, has bought 21 percent stake in US-based Wavetech Helium, Inc for $12 million. WHI was incorporated on July 2, 2021 in United States and started its commercial operations in CY2024. WHI is a US-based helium gas exploration and production company engaged in the … Read more
