Business
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A fresh outburst of violent disorder broke out in several English towns and cities on Sunday afternoon after dozens were arrested in clashes with the police on Saturday.The protests are the most…
Warren Buffett’s Berkshire Hathaway slashed its stake in tech giant Apple by nearly 50%, according to Berkshire’s second quarter earnings report released on Saturday. Berkshire Hathaway disclosed its holdings in Apple were valued at $84.2 billion at the end of the quarter, dropping from 790 million shares to 400 million…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Iran said Hamas’s political leader Ismail Haniyeh was killed by a “short-range projectile” that was fired into the official residence where he was staying in Tehran, and vowed to “punish” Israel.The country’s…
Chevron is moving its headquarters out of California, the company announced Friday. The oil giant said it would be relocating its corporate offices from San Ramon, where they have been since 2002, to Houston. This will be the first time Chevron will be headquartered outside of California since its founding…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US labour market cooled more than expected in July, adding 114,000 jobs as the unemployment rate rose, prompting traders to increase bets on the Federal Reserve cutting interest rates this year.Friday’s…
Stocks tumbled Thursday after fresh data stoked fears that the US economy is weakening as interest rates stay at a 23-year high. The Dow slid 566 points, or 1.4% by midday Thursday. The S&P 500 lost 1.3% and the Nasdaq Composite fell 2%. New economic data revealed that first-time applications…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Former CNN anchor Don Lemon has sued Elon Musk and X after the social media platform abruptly cancelled his content deal following a spat earlier this year. In a lawsuit filed in a…
Entertaining the King of England is an expensive business, France is finding out. A sumptuous lobster dinner held to welcome Britain’s King Charles III to Paris last September cost the French president’s office nearly €475,000 ($515,000), according to accounts published on Monday by France’s public auditor. The lavish affair at…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Boeing has named Kelly Ortberg as its new chief executive, handing the former head of one of its suppliers the challenge of steering the plane maker through one of the biggest crises…
A US safety regulator announced Tuesday that it voted unanimously to hold Amazon responsible for faulty or unsafe products sold by third-parties on its website and app. The US Consumer Product Safety Commission, tasked with ordering companies to recall dangerous products sold in America, said it found more than 400,000…