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Business
Bank of Canada resorts to jumbo rate cut as growth falters
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Bank of Canada has lowered interest rates by a bumper…
Bitcoin miners launch ad campaign in swing states to boost crypto-friendly candidates
A new pro-crypto political action committee, backed by three of the biggest bitcoin mining companies in the U.S., is hoping to swing the election in favor of candidates who…
UK ministers explore using break clauses in asylum housing contracts
UK ministers are keen to apply break clauses in contracts for asylum accommodation with outsourcers including Serco and Mears in an effort to renegotiate terms or end the…
Boeing CEO says 'trust in our company has eroded,' calls for 'fundamental culture change'
Boeing CEO Kelly Ortberg said Wednesday that "trust in our company has eroded" and laid out a plan for the aerospace giant to regain a leadership position in the industry…
Deutsche Bank is a long way off playing German consolidator
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Deutsche Bank, it would appear, is keen on domestic…
Ex-Chrysler CEO slams Biden-Harris admin for another 'deceptively correct comment' on EVs
As presidential frontrunners Vice President Kamala Harris and former President Donald Trump draw stark contrasts in their prospective energy plans, one former automotive…
HSBC east-west overhaul reignites break-up debate
HSBC chief executive Georges Elhedery’s planned overhaul of the bank has reignited debate about a break-up of the group, with one top 20 investor saying it should consider a total…
Yankees-Dodgers World Series among most expensive, fastest-selling of all time on secondary market
The superstars will be out on both coasts beginning Friday, and you will have to pay a hefty price to see the action. This year's World Series will feature the New York…
RIP John ‘Mac’ McQuown, the OG quant
Pioneers sometimes get undue credit for simply being the first of many trying to reach the promised land. Even if they had never been born, their discovery would have happened…
Satellite made by Boeing a 'total loss' after space 'anomaly'
A Boeing-made satellite has been deemed a "total loss" following a space "anomaly," operator Intelsat said in a statement on Monday. Issues with the IS-33e that was launched…