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Business
PwC braced for 6-month ban in China over Evergrande audit
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.PwC China has told clients it expects Chinese authorities…
New Starbucks CEO to commute from California home to Seattle HQ
Starbucks is allowing its incoming CEO Brian Niccol to commute to work from his Southern California home — and he will have the option to fly on the company's corporate jet.…
Large oil tanker ablaze and drifting after Red Sea attack
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A Greek-owned oil tanker was ablaze and drifting in the…
Why you shouldn't wait till the holidays to buy a car
If you're in the market for a vehicle, you might want to consider getting your shopping done now.Car prices are experiencing downward pressure as interest rates remain higher than…
US coal producers wise to join forces during a moment of strength
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Coal mining has been one of the big post-pandemic era…
BlackRock's support of ESG resolutions falls to record low
BlackRock, the world's largest asset manager, appears to be backing further away from the environmental, social and governance (ESG) moment. The investment giant said in a…
Sephora cuts jobs in China in further sign of softness in beauty sector
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sephora is cutting back its workforce in China as one of…
Teamsters president responds to apparent DNC snub: ‘Failed to invite one of the most powerful unions' in US
Teamsters President Sean O’Brien is addressing the Democratic National Convention for reportedly snubbing him following his historic speech at the Republican National…
Ford warns of $1.9bn writedown on cancellation of electric SUV
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ford is cancelling plans to manufacture a three-row…
Varney: Bernie Sanders wants to turn Kamala Harris toward socialism
During his "My Take," Wednesday, "Varney & Co." host Stuart Varney reacted to Bernie Sanders' speech at the Democratic National Convention where the socialist Vermont…