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Morocco’s post-Covid tourist boom on track despite earthquake shock
Morocco’s tourism industry was on track for record earnings by the end of 2023 — until an earthquake struck on September 8, killing some 3,000 people, most of them in villages in…
GM secures $6B line of credit as UAW strike drags on
General Motors secured a $6 billion line of credit on Wednesday, just two days after cutting 164 more jobs due to the ongoing United Auto Workers (UAW) strike. In a filing…
Disney streams Cricket World Cup for free in challenge to Mukesh Ambani’s JioCinema
Receive free Walt Disney Co updatesWe’ll send you a myFT Daily Digest email rounding up the latest Walt Disney Conews every morning.Disney will air the upcoming Cricket World Cup…
Meta, Ray-Ban launch new AI glasses with high-tech features
Meta Platforms, the parent company of Facebook, and sunglasses maker, Ray-Ban, have partnered to create a new and improved pair of artificial intelligence-powered sunglasses…
Oligarchs are losing out as Putin courts a new class of loyal asset owners
Receive free Russian business & finance updatesWe’ll send you a myFT Daily Digest email rounding up the latest Russian business & financenews every morning.The writer is a…
CEO Tim Cook sells some Apple stock, bringing him $41.5 million
The head of Apple recently conducted a series of company stock sales worth tens of millions of dollars. CEO Tim Cook's sales, which appeared in a Securities and Exchange…
SSE needs more wind to boost power output
Receive free UK energy updatesWe’ll send you a myFT Daily Digest email rounding up the latest UK energynews every morning.UK energy group SSE is banking on windy weather over…
Citigroup outlines process for layoffs, reassignments in memo
Citigroup managers are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off during its biggest reorganization in decades,…
FirstFT: Sam Bankman-Fried painted as ‘cartoon villain’, his lawyer says
Receive free Global Economy updatesWe’ll send you a myFT Daily Digest email rounding up the latest Global Economynews every morning.Good morning. We begin today with the hotly…
Biden administration approves $9B in student loan forgiveness for an additional 125K borrowers
The Biden administration announced Wednesday that an additional 125,000 student loan borrowers would receive a portion of $9 billion in additional debt forgiveness. The relief…