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Business
Where you should take DD to lunch
One scoop to start: Axel Springer’s senior executives are close to receiving bumper payouts as part of its break-up plan with KKR. If the group’s valuation reaches €13.6bn…
Fed decision opens the real estate floodgates after four years
The Federal Reserve's 50 basis point rate cut has ignited market chatter among America's real estate leaders who think this could be the start of a buying and selling frenzy.…
Is it time to invest in the UK’s green transition again?
One hundred miles out to sea from the Yorkshire town of Hornsea, the world’s largest offshore wind farm is set to start operations in three years — a giant array of more than 300…
Lebanon bans pagers and walkie-talkies on airplanes following explosions targeting Hezbollah terrorists
Officials in Lebanon reportedly are banning pagers and walkie-talkies from being brought onboard planes departing Beirut Rafic Hariri International Airport following waves of…
Berlin ‘very sceptical’ about UniCredit move on Commerzbank
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Opposition within the German government to a potential…
Viral Trader Joe's tote bags reselling for as much as $500 are back in stock at stores
Trader Joe's brought back the mini, viral version of one of its popular tote bags. The small bags are going for hundreds on the secondary market, but they were spotted in a…
Close Brothers to sell wealth unit as it braces for motor finance probe
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Close Brothers has agreed to sell its wealth management…
Fed's Powell: policymakers noted 'artificially high' jobs data, revisions in rate cut decision
Federal Reserve Chair Jerome Powell said Wednesday that the central bank considered reports that recent jobs numbers may be "artificially high" and are set for downward…
‘People are waiting’: US hydrogen industry warns over regulatory limbo
Good morning and welcome back to Energy Source, coming to you from New York.The Federal Reserve cut interest rates for the first time since the pandemic yesterday, signalling the…
LARRY KUDLOW: Americans were much better off under Trump
No matter how political Fed chairman Jay Powell may be, with his 50-bps election gift to Kamala Harris, the person who helped the American economy the most was Donald Trump…