Business

Microsoft’s battle to defend its acquisition of video game publisher Activision Blizzard is not yet over. The US government said Wednesday that a federal appeals court should block Microsoft’s recent purchase of Activision because a lower-court judge was too deferential to Microsoft’s promises about the future of “Call of Duty,”…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chip designer AMD has launched sales of a new chip it hopes will break Nvidia’s dominance of the artificial intelligence processor market, which it predicted would be worth $400bn by 2027.AMD’s MI300X…

Panera is being sued again after another customer is said to have died after consuming the chain’s caffeinated lemonade. Dennis Brown was a 46-year-old man with a chromosomal deficiency disorder, ADHD and high blood pressure who avoided energy drinks, according to a wrongful death complaint filed this week by his…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Wells Fargo is setting aside as much as $1bn for “unanticipated” severance costs in the fourth quarter of this year, as the US bank seeks to lower expenses and with fewer employees…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Qatar’s sovereign wealth fund is slashing its stake in Barclays, the UK bank that is coming under pressure from investors to overhaul its strategy and improve its performance.Qatar Holding, a subsidiary of…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel has ordered Palestinians in Gaza to evacuate a large area of land in the south of the coastal enclave, while stepping up an aerial bombardment that has killed hundreds of people…

Movie theaters slumped into a “Slow-vember,” say industry analysts, as several of the season’s most anticipated movies drew underwhelming box office sales last month. Domestic theaters grossed about $553.6 million this November, a 12% decline from last year and still more than $400 million short of pre-pandemic levels, according to…

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