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Business
Housing turnover rate hits lowest level in 30 years
The U.S. housing market has remained stagnant, with just 25 out of every 1,000 homes changing hands in 2024, according to recent data from real estate firm Redfin. The first…
Abu Dhabi targets largest-ever foreign takeover with €14.7bn offer for Germany’s Covestro
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The United Arab Emirates has launched the largest…
China ETFs cheer Beijing's stimulus move
Chinese stocks swept to their biggest single-day gains since 2008 on Monday, with domestic A-shares registering their highest ever turnover as investors scrambled to join a…
Mulberry rejects £83mn takeover bid from Mike Ashley’s Frasers
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mulberry has rejected a conditional bid from Mike…
Walmart’s terrible, horrible, no good, very badly timed JD.com block trade
Stay informed with free updatesSimply sign up to the Retail & Consumer industrymyFT Digest -- delivered directly to your inbox.Back in 1967 Goldman Sachs’ Gus Levy…
BDO loses Jay-Z and other rappers after theft allegations at firm
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Accounting firm BDO lost celebrity clients led by the…
Stoltenberg steps down after a decisive decade for Nato
Good morning. Israel overnight launched a ground operation in Lebanon. That came hours after an emergency meeting of EU foreign affairs ministers saw chief diplomat Josep Borrell…
FirstFT: Israel launches first land operation against Hizbollah since 2006
Today’s agenda: Bets on US election volatility rise; American dock workers strike; EU warned against AI overregulation; Ukraine’s darkest hour; and Bretton Woods at a…
Dockworkers go on strike at East and Gulf Coast ports
Unionized dockworkers at 36 East and Gulf Coast ports went on strike early Tuesday amid an impasse in negotiations over a new contract with a group representing port…
Aircraft owners prepare for ‘mega trial’ in dispute with insurers over planes stuck in Russia
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A multibillion-dollar legal battle over who will foot the…