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Business
Can Nike veteran Elliott Hill turn ‘the swoosh’ around?
Nike’s outgoing chief executive, John Donahoe, is an Ivy League-educated former tech executive and Bain consultant. The man who will take his place, Elliott Hill, started at Nike…
Former Amazon engineer says company's 5-day return-to-work policy causes employees to rethink jobs
A former Amazon engineer left the company after facing growing anxiety about when he would be required to go back into the office. He quit and joined another tech firm that…
Murdoch’s REA ups offer for Rightmove to nearly £5.9bn
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Australia’s REA Group has made a second takeover proposal…
Caterpillar makes policy changes in yet another corporate DEI rollback
Heavy equipment maker Caterpillar is making changes after reviewing its diversity, equity and inclusion (DEI) policies amid mounting scrutiny of such initiatives at…
Climate graphic of the week: Deadly flood losses mount as insurers and governments tally costs
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The pledge by European Commission president Ursula von…
Owner of NYC crypto-themed bar talks Trump's visit: 'Incredibly kind and generous'
Donald Trump became the first president to make a transaction using bitcoin during a stop at a local bar before heading to his New York rally. PubKey co-owner Thomas Pacchia …
US drug ‘gatekeepers’ face FTC antitrust lawsuit over insulin prices
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The Federal Trade Commission has sued America’s largest…
Ford recalls 144,500 Maverick trucks due to rearview camera display issue
Ford is recalling about 144,500 of its Maverick pickup trucks over concerns that the rearview camera display could show a frozen image while backing up. The recalled 2022-2024…
Cineworld creditors approve UK restructuring plan
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Cineworld creditors have approved a controversial…
Microsoft deal would reopen Pennsylvania nuclear plant, site of 1979 partial meltdown, to power AI
A new agreement between Microsoft and Constellation Energy Corporation to provide power to the tech giant’s data centers for artificial intelligence is paving the way for the…