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Business
Howard Schultz opposes Starbucks settlement with activist investor Elliott
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Howard Schultz, the former Starbucks chief executive, is…
GDP surges by 2.8%, raising expectations for interest rate cuts
As a welcome surprise, the gross domestic product (GDP) increased 2.8% annually in the second quarter, an advance estimate released by the U.S. Bureau of Economic Analysis…
Reckitt and Unilever join the consumer giants slimming down
Reckitt is the consumer giant known for making everything from Dettol to Durex. But on Wednesday, the FTSE 100 group unveiled plans for a more streamlined company by selling off a…
Bill Gates on Kamala Harris: 'great' to 'have somebody who's younger' in the race
Bill Gates recently weighed in on the 2024 presidential election and Vice President Kamala Harris entering the race. The billionaire Microsoft co-founder told France 24 that…
AI start-up Anthropic accused of ‘egregious’ data scraping
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Artificial intelligence start-up Anthropic has been…
United aims to crack down on flight attendants who abuse sick time
The Labor Department is reviewing United Airlines' leave policies after the carrier implemented stricter measures to crack down on employees abusing sick time. "Through…
Musk’s X faces questions from watchdog over AI data grab
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Europe’s data protection watchdog is “seeking clarity” on…
Boar's Head recalls 200K pounds of deli meat over listeria contamination concerns
A recall has been issued for over 200,000 pounds of Boar's Head deli meat due to a contamination concern. The U.S. Department of Agriculture’s Food Safety and Inspection…
Macquarie takes full ownership of Britain’s gas network
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Macquarie is set to take full control of Britain’s core…
2025 Corvette ZR1 comes with 1K horsepower and possibly a steep price tag
Chevrolet officially unveiled a new Corvette ZR1 with a massive amount of horsepower. The General Motors-owned brand said Thursday the upcoming 2025 Corvette ZR1 sports car…