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…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Facebook owner Meta has agreed to pay $1.4bn to the state of Texas to settle claims that the company harvested millions of citizens’ biometric data without proper consent. The settlement, to be…

Former BBC News presenter Huw Edwards has been charged with three counts of making indecent images of children, London’s Metropolitan Police said Monday. The charges related to images allegedly shared on WhatsApp, a police spokesperson said. Police charged Edwards, a former anchor of the BBC’s News at Ten bulletin, last…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.French authorities think far-left groups could have been behind a mass sabotage of the country’s high-speed rail lines on the day of the Paris Olympics opening ceremony, as France remained on guard…

Inflation looks vastly different between these two beachside metropolises. The pace of home construction has been a deciding factor for both regions. The Tampa-St. Petersburg-Clearwater region in Florida recently saw the lowest inflation rate among 23 metropolitan areas across the country — 1.8% in the 12 months that ended in…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Iran’s Supreme Leader Ayatollah Ali Khamenei has officially endorsed reformist politician Masoud Pezeshkian as the country’s next president.Khamenei’s endorsement at a ceremony attended by high-ranking officials, politicians and diplomats on Sunday allows…

Over the past couple of years, the Federal Reserve aggressively raised its key interest rate to a 23-year high to beat down inflation. Now that inflation has slowed substantially and is expected to cool further, the central bank is expected to embark on a rate-cutting campaign over the next two years, starting…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A dramatic rebound in the yen has sent shockwaves across global markets and left the currency on course for its best month this year, setting the scene for further volatility around Japanese…

Southwest Airlines pioneered the low-fare, no-frills airline model. But Southwest is now ending open-seat boarding, a distinct part of its successful five-decade-long model and its brand identity. Southwest said Thursday that it will abandon its free-for-all seating arrangement and move to assigned seats. The company said 80% of customers prefer…

Squinting through one half-open eye across a large wooden table, I wonder if this is the first Lunch with the FT to begin with a prayer. It’s a reminder that I am in the presence of American religious royalty. Franklin Graham is America’s best-known evangelist and heir to its best-known evangelical…