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Business
Mubadala races to salvage European start-up investments
Abu Dhabi’s sovereign investor Mubadala is pursuing restructurings, management changes and mergers in an effort to salvage billions of dollars invested in European start-ups,…
Jimmy John's enters value meal wars with $10 deal
Sandwich chain Jimmy John’s on Monday became the latest eatery to join the meal deal wars. With the new $10 Total Package Meal, Jimmy John’s officially joined the slew of…
Thames Water fined £104mn over sewage discharges
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water has been hit with a £104mn regulatory fine…
Biden said he 'cured the economy' days before recession fears spark market selloff
President Biden claimed to have "cured the economy" last week, days before global stocks plummeted Monday. Biden made the comment while speaking to reporters outside the White…
Warner Bros Discovery looks to avoid break-up with smaller asset sales
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Warner Bros Discovery’s senior management is looking to…
White House economic adviser heads to Harris campaign as stock market plunges
A senior economic adviser is leaving the White House to join the Harris campaign as the stock market takes a historic tumble. White House senior adviser Gene Sperling is…
Australia’s Treasury Wine Estates to sell Wolf Blass as it moves upmarket
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Australia’s largest wine producer has said it is writing…
Charles Schwab, Fidelity, other brokerages experience outages amid market volatility
Several of the nation's top brokerages were whacked by the extreme swings in the stock and bond markets on Monday as the Dow Jones Industrial Average sank more than 1,000…
Economist urges Fed to meet 'now' to cut rates as stocks tumble: It's a 'frightening time'
Economist Stephen Moore urged the Federal Reserve to act on interest rates as the market meltdown intensifies. "Commodity prices are falling very rapidly right now," he told…
How to drink your way through a US recession
Stay informed with free updatesSimply sign up to the US economymyFT Digest -- delivered directly to your inbox.Gulp.So, uh, what do Americans drink during recessions? That’s the…