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Business
AT&T hacker steals call, text records of 'nearly all' customers
AT&T said in a regulatory filing Friday that a hacker was able to steal the records of calls and texts for "nearly all" of its customers. The company launched an!-->-->…
The audacious rise of the Athens Riviera
As the purple-red light settles over the Athenian coastline at sunset, entrepreneur Chrysanthos Panas, owner of the restaurant and club Island, is reminded of his father’s daily…
California fast-food franchise owners downsize to survive as new minimum wage weighs them down
California's new $20 minimum wage for fast food workers has come at a burdensome cost for franchise owners. Not only have many been forced to make some tough decisions –!-->-->…
From Erewhon to Bayley & Sage, luxury grocers are back in fashion
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bayley & Sage, the high-end grocery shop in…
Nearly 2M US vehicles at risk of counterfeit airbags, Carfax says
Tens of thousands of vehicles in the U.S. are at risk of getting a counterfeit air bag, according to a recent report from Carfax. According to the auto company's data, nearly!-->-->…
Plant closures will not cut it for nickel in this battery metals bust
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Booms and busts follow a predictable cycle. High prices…
Stolen crypto via hacking increased 110% in first half of 2024 over 2023
The first half of 2024 saw hackers targeting cryptocurrency abscond with $1.38 billion, TRM Labs recently found. That total marked a 110% increase from how much they swiped!-->-->…
How bad is the crisis at Thames Water?
Thames Water is in trouble. Britain’s biggest water utility, which provides essential water and sewerage services to around a quarter of the population in England, says it does not…
Mortgage rates tick down, still stuck near 7%
Mortgage rates fell slightly this week but are still hovering around 7%, remaining uncomfortably high for many would-be buyers. Freddie Mac's latest Primary Mortgage Market!-->-->…
Forget Sun Valley, this is the hottest invite in business
One big media scoop to start: German billionaire Mathias Döpfner and private equity group KKR are negotiating a break-up of media conglomerate Axel Springer. Details here. Plus,…