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FirstFT: Joe Biden preparing to block Nippon Steel’s acquisition of US Steel
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseGood morning. Today we’re covering:India and…
Modelo and Corona parent company says weak wine demand could impact latest earnings
Constellation Brands has been seeing soft demand in its wine and spirits segment — and the alcohol producer recently said it will weigh on its second-quarter results. The…
EU still not ‘fully prepared’ for next health crisis, warns audit body
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The EU is not “fully prepared” for the next health…
Intel's financial struggles threaten Biden admin chip strategy
The Biden administration's plan to revitalize the U.S. semiconductor industry is facing doubts over its success as Intel — the company the government is relying heavily on to…
Joe Biden set to block Nippon Steel’s takeover of US Steel
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HousePresident Joe Biden will block Nippon Steel’s…
Volvo reverses goal to make only EVs in 2030
Volvo on Wednesday announced that it's dropping its goal of making only electric vehicles by 2030, saying it now expects it will still be offering some hybrid models as part…
Will Oasis backlash force a reckoning for the ticket industry?
After six hours in an online queue for tickets to the Oasis reunion tour, Alan Dick was devastated to find their price had more than doubled to £358 apiece. “It broke my heart…
US Steel CEO says company likely to close steel mills if proposed $14B sale to Nippon Steel falls through
The CEO of U.S. Steel is warning that the company will likely have to close steel mills if its pending $14 billion acquisition by Nippon Steel falls through. U.S. Steel CEO…
Oasis blames promoters for ticket fiasco after announcing new dates
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Oasis, the reformed Britpop band, has blamed decisions…
Southwest Airlines' battle with activist investor heats up: Are free bags on the chopping block?
Activist investor Elliott Investment Management has continued pushing for a "comprehensive" review of Southwest Airlines' business while building its stake in the carrier.…