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Business
South America’s ‘made in China’ megaport prepares to transform trade
Ahead of the ribbon-cutting at the Port of Chancay — a Chinese-built megaport on Peru’s Pacific coast that is set to transform regional trade — Chinese-made ZPMC unmanned cranes…
US retail closures hit highest level since pandemic
U.S. retail closures have reached the highest level since the COVID-19 pandemic, according to recent estimates. As of Nov. 8, retailers have announced 6,481 store closures, an…
SSE chief to step down after 11 years
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.SSE said its chief executive Alistair Phillips-Davies…
Trump’s post-election stock boom won’t stop inevitable doom, economist Harry Dent warns
The Trump victory-fueled, post-election market rally has investors cheering for now. However, outspoken economist Harry Dent is still bearish about America’s private debt and…
P&O Ferries turns to Dubai owner for hundreds of millions in loans
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.P&O Ferries has received hundreds of millions of…
RWE caves to investor pressure over green investments after Trump victory
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldRWE announced a share buy-back programme as the German…
Klarna files for IPO in US
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Klarna has fired the starting gun on its long-anticipated…
Home Depot sales see uptick from hurricane recovery
Home Depot expects a smaller decline in annual store sales following better-than-expected performance over the past three months, which was partly driven by hurricane recovery…
Lloyds Bank to stop recognising senior employees’ union membership
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lloyds Banking Group will stop recognising the trade…
Oil giant Shell wins appeal against climate activists in landmark carbon-emissions case
British oil giant Shell won a major court victory on Tuesday when a Dutch appeals court overturned a landmark 2021 case brought by green groups that found the company…