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Business
Major shipping companies suspend Red Sea journeys following Houthi attacks
A number of major global shipping companies have announced they are suspending journeys through the Red Sea following a spate of attacks by Yemen's Houthi movement, an…
Cardinal convicted of embezzlement in landmark Vatican court case
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A cardinal who oversaw the management of Vatican funds…
Holiday debt hangover poised to be ‘particularly nasty’ this year, analyst says
While retail sales are strong, typically an indication of a healthy consumer, an industry economist is deeply concerned about how consumers will pay it all off when the bill…
Biden administration snoops around big banks to assess climate risk plans for investments and loans
President Biden's administration has begun probing the nation's largest banks to assess their plans to mitigate climate risk with their loans and business. A recent "discovery…
Bang & Olufsen says it will defy luxury slowdown as ‘rich will only become richer’
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.High-end Danish speaker and television maker Bang &…
Kevin Costner, Jewel crossed paths at Richard Branson’s Necker Island: What to know about luxury locale
Billionaire Richard Branson’s Necker Island has long been a paradise for the rich and famous, creating memorable moments on its exclusive beaches. Kevin Costner and singer…
Fed’s holiday gift, Dow hits all-time high, Costco’s gold rush
IN THIS WEEK'S EDITION - Federal Reserve signals rate hikes are done and hints at cuts in 2024 - Dow soars to all-time high, crosses 37,000 for first time - Consumer…
Americans opt to lease electric cars to tap Biden tax credits
Stay informed with free updatesSimply sign up to the Electric vehiclesmyFT Digest -- delivered directly to your inbox.Car shoppers were far more likely to lease electric vehicles…
Billionaire reveals the biggest mistake investors make
A trusted voice on Wall Street is warning investors not to rush into the markets. "The biggest mistake investors make is that when the markets are going up, they rush to get…
‘Crunch time’ as Christmas nears record package shipments threaten on time deliveries
According to the U.S. Postal Service's holiday package tracker, nearly 8 billion packages have been processed for Christmas this year. In 2022, the postal service processed 12…