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Business
Layoffs announced at multiple companies this summer
The summer has brought announcements of job cuts at a slew of different companies. The planned layoffs are expected to collectively hit thousands of people who work in…
Florida man accused of running big Ponzi scheme, buying big boat
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Russell Todd Burkhalter’s alleged $300mn real estate…
Google execs pressed to testify after admitting Trump assassination attempt search omissions were by design
FIRST ON FOX: Google admitted that autocomplete search results regarding the assassination attempt against former President Trump last month were prohibited by design and part…
In charts: Elon Musk’s megaphone reach on X
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Elon Musk’s following on X has nearly doubled since his…
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…