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Business
Asda’s woes deepen after co-owner of UK’s third-largest supermarket steps back
Asda’s co-owner Mohsin Issa was adamant in December that recruiting a chief executive to run the UK’s third-largest supermarket wasn’t “difficult” — despite having spent 18 months…
Crypto advocacy group mobilizes 100,000 voters as Election Day nears
With just 48 days to go until the presidential election, bipartisan digital asset advocacy group Stand With Crypto is celebrating registering more than 100,000 pro-crypto…
Rolls-Royce wins pioneering deal to build mini nuclear plants in Czech Republic
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Rolls-Royce is on course to secure the first order from a…
Federal Reserve cuts interest rates by half-point; first rate reduction in four years
The Federal Reserve on Wednesday announced a long-awaited interest rate cut, lowering the benchmark rate by 50 basis points from what was the highest level in 23 years as the…
UK reviews plans for ‘not for EU’ meat and dairy labelling
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ministers are reviewing plans set out by the previous…
Elon Musk says SpaceX will sue FAA for 'regulatory overreach'
Elon Musk said on Tuesday that SpaceX will file a lawsuit against the Federal Aviation Administration (FAA), accusing the agency of "regulatory overreach." "SpaceX will be…
Grant Thornton US among shortlist of bidders for UK franchise
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Grant Thornton’s US business and two European buyout…
Billionaire investor issues dire warning over 'crisis' of leadership as 'very serious issues' plague…
Billionaire investor Leon Cooperman is warning of a potential crisis on the horizon as lawmakers fail to put a stop to the country’s increasing debt. Leon Cooperman, chairman…
JPMorgan appoints banker to oversee juniors’ ‘wellbeing’
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.JPMorgan Chase has tasked one of its bankers with…
'Fed is in a tight spot': Economists weigh in on how rate cuts could impact election
Ahead of the Federal Reserve announcing a cut to interest rates on Wednesday, some economists say the key driver to the high price of goods and costly living remains…