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Business
Evergrande ordered to be wound up by court in Hong Kong
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A Hong Kong court has ordered China Evergrande to be…
Los Angeles Times, Sports Illustrated among media outlets announcing layoffs to start 2024
Several media outlets have announced layoffs in January 2024 as economic challenges take a toll on the industry. Business Insider, the Los Angeles Times, TIME and Sports…
FirstFT: Three US servicemen killed in drone attack
Stay informed with free updatesSimply sign up to the Global EconomymyFT Digest -- delivered directly to your inbox.Good morning. Three US service members have been killed by a…
Investors suggest Reddit aim for multi-billion dollar valuation ahead of IPO: report
Reddit has been advised to target a valuation of at least $5 billion in a potential initial public offering (IPO) this spring, according to a report from Bloomberg News. The…
Live news: Oil prices rise after attack on US military base in Jordan
The US Federal Open Market Committee and the UK’s Bank of England announce their rate decisions this week. We’re expecting a cut from both, just not this month. Central bankers…
Ohio man complaining about rising food prices eats Costco hot dogs for entire week: ‘Best $43 I’ve ever…
An Ohio resident, while complaining about the rising costs of food in the past few years, explained that he took upon himself a challenge to eat discounted meals from Costco…
UK to ban disposable vapes as Rishi Sunak warns of ‘endemic’ impact on youth
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Disposable vapes are to be banned in the UK as part of a…
Owners of famous Philly cheesesteak chain sentenced in $8M tax fraud scheme
The owners of the famous Philadelphia Cheesesteak restaurant Tony Luke’s were sentenced to prison for tax fraud on Thursday after concealing over $8 million over the course of…
Jeff Bezos still using homemade door desk from Amazon’s early days
Amazon founder Jeff Bezos is still using one of the original desks he made out of a door to save money shortly after founding the company to this day, according to a social…
Beverly Hills home renovations blocked over lack of affordable housing
It is one of the country’s most exclusive and expensive area codes and home to stars like Leonardo DiCaprio and Taylor Swift. But soon Hollywood’s elite may no longer be…