Stay informed with free updatesSimply sign up to the US inflation myFT Digest — delivered directly to your inbox.US core inflation rose last month, bolstering arguments by the US Federal Reserve that interest rates may need to remain on hold for months to come.Figures published on Tuesday, a day before…

Hasbro is slashing nearly 20% of its workforce amid an ongoing slump in toy sales. Hasbro CEO Chris Cocks announced layoffs for 1,100 workers in a Monday memo to employees, cuts which come in addition to the roughly 800 jobs eliminated earlier this year. Cocks said the decision to reduce…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Emmanuel Macron’s government was dealt a humiliating defeat in the National Assembly as opposition parties united to block its long-promised immigration reform from coming to debate on the floor. Lawmakers who usually have…

Spotify made a name for itself in the audio-streaming business through its hyper-personalized user experience, thanks to artificial intelligence and a team of 9,800 staffers at the end of 2022. But after three rounds of layoffs in one year: 590 positions in January, 200 in June, and another 1,500 this week, Spotify’s investments into AI to…

Stay informed with free updatesSimply sign up to the US politics & policy myFT Digest — delivered directly to your inbox.Nearly half of American voters think the US is spending too much on aid for Ukraine, according to a poll that underscores the fragility of domestic support just as Volodymyr…

New York Governor Kathy Hochul on Saturday warned state colleges and universities of “aggressive enforcement action” if discrimination laws are violated, as pressure mounts on schools across the country to deal with antisemitism on campus in the wake of the Israel-Hamas war. Hochul’s letter letter comes just days after the…

Stay informed with free updatesSimply sign up to the US politics & policy myFT Digest — delivered directly to your inbox.The US has invoked national security to approve a sale to Israel of more than $100mn in tank ammunition in a move that bypasses Congress, which has struggled to approve…

European Union lawmakers struck a deal Friday agreeing to one of the world’s first major comprehensive artificial intelligence laws. The landmark legislation, called the AI Act, sets up a regulatory framework to promote the development of AI while addressing the risks associated with the rapidly evolving technology. The legislation bans harmful…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US employers added 199,000 jobs in November, a jump from October and another sign of labour market strength that will bolster Federal Reserve officials’ view that the economy can withstand high interest…

Philanthropist MacKenzie Scott is in the giving mood this holiday season. Scott announced Wednesday $2.15 billion in donations over the past year on her website, Yield Giving. She said in the post that the nonprofit donated to 360 organizations, “every one of whom could use more allies.” The causes were…