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Business
Thames Water faced with £100mn bill from creditors’ advisers
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water is on the hook to pay at least £100mn to…
US national debt hits a new record: $36 trillion
The U.S. national debt surpassed $36 trillion for the first time in the nation's history on Friday as the federal government continues to accumulate debt at a record-setting…
French fight tests limits of football’s hottest investment trend
Hours after Olympique Lyonnais was barred from signing players and provisionally demoted to the second tier of French football due to its financial difficulties, owner John Textor…
Texas Gov. Abbott orders state agencies to divest from China
Texas Gov. Greg Abbott has ordered all agencies in the state to stop investing in China and to sell off any holdings as soon as possible, citing financial and security risks.…
Banks and private credit: best of frenemies?
Stay informed with free updatesSimply sign up to the US & Canadian companiesmyFT Digest -- delivered directly to your inbox.The growth of private credit presents an…
McDonald's to add 'McValue' menu, boost meal deal offerings
McDonald’s will increase its value offerings in January by rolling out a new "McValue" platform. As part of the upcoming "McValue" menu, the fast-food company said it will…
Supreme Court dismisses appeal from Facebook owner Meta over securities fraud lawsuit
The Supreme Court dealt a setback Friday to Facebook’s owner Meta Platforms by dismissing their appeal of a securities fraud lawsuit accusing the tech giant of misleading…
The UK’s trustbuster sounds a serious retreat on deal remedies
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Britain’s competition watchdog developed a reputation for…
Amazon invests $4B in AI startup rival to OpenAI
Anthropic announced Friday that the company is receiving a $4 billion investment from Amazon to help advance the startup's efforts to develop artificial intelligence (AI)…
Designer Thom Browne did not infringe Adidas trademarks, court rules
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Luxury brand Thom Browne did not infringe Adidas’s…