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Business
Goldman Sachs: retrofit bank must deal with pay and capital costs ahead
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Meet the new Goldman Sachs. It should look like the old…
Stellantis, citing UAW strike, backs out of Las Vegas tech show set for next year
Stellantis on Tuesday announced it will no longer participate in the CES technology show in Las Vegas early next year as planned, saying it needs to focus on business right…
Chinese electric vehicle groups braced for wave of consolidation
The future appeared bright for Shanghai electric vehicle start-up Aiways when it was founded in 2017. Led by former Volvo and state auto executives, the company counted tech giant…
Jeff Bezos’ net worth reportedly surpasses Bernard Arnault’s
Jeff Bezos on Monday saw the value of his personal fortune surpass LVMH CEO Bernard Arnault's, according to Bloomberg. The net worth of the Amazon founder hit $156.3 billion…
Carrefour and Chinese conglomerate Suning in legal battle over China stores
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Carrefour is locked in a legal battle with Chinese…
Walmart Foundation donating $1M to Holocaust Memorial Museum amid uptick in antisemitism
Walmart's philanthropic arm, the Walmart Foundation, pledged to donate $1 million to the United States Holocaust Memorial Museum as worldwide protests over the war between…
Venezuela government and political opposition to revive talks
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Venezuela’s socialist government and US-backed opposition…
Tim Cook goes to China, where early iPhone 15 sales are reportedly sluggish
Tim Cook recently went to China, where some analysts have indicated sales of the newest iPhone models kicked off at a sluggish pace. Apple, which Cook has led as CEO for over…
FirstFT: Gaza officials say hundreds dead after blast at hospital
Stay informed with free updatesSimply sign up to the Global EconomymyFT Digest -- delivered directly to your inbox.Good morning. Hundreds of people were feared dead after an…
Demand for human writers growing despite the rise of generative AI: report
The recent rise of content creation tools harnessing the power of generative artificial intelligence (AI) has raised questions about the future of writing, but demand for…