Business
For thousands of years, the nighttime’s daily darkness naturally told humans it was time to go to sleep. That’s an evolutionary principle embedded into our brains — and it becomes apparent for those who can’t peacefully slumber at night because of the annoying indicator light that’s part of many household…
Stay informed with free updatesSimply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox.Iran’s elite Revolutionary Guards have seized an Israeli-owned container ship in the latest escalation of hostilities between the Islamic republic and Israel. The capture of the ship comes as…
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. When it comes to building planes, Boeing CEO Dave Calhoun is all about streamlining costs. An accountant by training, Calhoun has prioritized fiscal discipline over his four…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Citigroup reported better than expected profits in the first quarter, in a sign that the recent revamp of the US’s fourth-largest lender may be starting to pay off.Citi reported net income of…
Lyft and Uber might hit reverse on plans to leave Minneapolis on May 1 over a new minimum wage for rideshare drivers set to go into effect on that day, if a city council measure passes Thursday. The issue stems from a March decision by the city council to override…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The European Central Bank held interest rates at all-time highs on Thursday but signalled it was considering a cut at its next meeting in June.The ECB said after its governing council met…
Surging gas prices and high shelter costs sent inflation rising higher than expected in March, complicating the timeline for rate cuts from the Federal Reserve. US consumer prices picked up again last month, marking a 3.5% increase for the 12 months ended in March, according to the latest Consumer Price Index data released…
Stay informed with free updatesSimply sign up to the US inflation myFT Digest — delivered directly to your inbox.US inflation rose to 3.5 per cent in March, surpassing expectations and marking the second increase in a row, as the Federal Reserve considers how long to keep interest rates at a…
Turkey has announced restrictions on exports to Israel after the Turkish foreign minister accused Israel of denying a request to airdrop aid to Gaza. In a statement Tuesday, the Turkish Ministry of Trade condemned Israel’s actions preventing access to “the most basic food, medical care and supplies” for the people…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Eurozone banks reported a “substantial” drop in loan demand from companies, prompting calls for the European Central Bank to signal it will cut interest rates soon when it meets this week.The ECB…