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Business
Harvard economist says food prices are leaving him in 'state of shock'
One economist says the state of grocery prices is leaving him in "shock" despite knowing a thing or two about inflation. Kenneth Rogoff, Harvard University economics professor…
Is Ikea more Dutch than Swedish?
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Think of Ikea, and you might think of Scandinavian…
Alaska Airlines flight makes sudden diversion after pilot says he's not certified to land: report
An Alaska Airlines flight being operated by Skywest was forced to divert from its intended destination of Jackson Hole Airport (JAC) last week after the pilot admitted he was…
Germany’s steelmakers are caught in a tightening trap
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.German steelmakers are beset with problems. Sluggish…
Elon Musk xAI startup rolls out Grok-2 artificial intelligence assistant in race against ChatGPT
Elon Musk’s startup xAI premiered a beta version of its artificial intelligence assistant known as Grok-2, the company’s latest large language model, on Wednesday, as the…
Oslo struggles to solve ‘mystery’ of Norwegian krone’s decline
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The decline in Norway’s currency has been so dramatic…
Inflation driving a thorn into wedding plans, with budding newlyweds trimming flowers from their budgets
Inflation has led budding newlyweds to cut costs in ways they may never have expected, and that includes trimming the rising cost of flowers for their ceremonies. Zola, a…
How Roche passed on a potential $14bn-a-year weight-loss pill
Swiss drugmaker Roche turned down a potential $14bn-a-year weight-loss pill now being developed by rival Eli Lilly that could have given it a leading position in the booming…
July inflation breakdown: Where are prices still rising the fastest?
Inflation eased again in July, even as an uptick in the cost of rent, groceries and auto insurance kept prices uncomfortably high for millions of Americans. The Labor…
Global fashion brands cut Bangladesh orders after turmoil
Top international fashion brands are shifting orders away from Bangladesh because of the turmoil that surrounded the fall of authoritarian Prime Minister Sheikh Hasina, according…