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Business
A quant winter’s tale
Clifford Asness’s office is an odd mix of finance old-timer and teenage bedroom. Books about Churchill stand alongside DC Comics encyclopaedias, the sea of family photos is dotted…
Yellen says China’s economic practices ‘unfair,’ encourages healthy competition with US
Treasury Secretary Janet Yellen urged China to shift from a state-driven approach in economic policy to healthy competition with the United States, saying that their current…
Thousands of UK pension schemes to benefit from levy cut
Stay informed with free updatesSimply sign up to the Workplace pensionsmyFT Digest -- delivered directly to your inbox.Almost all of the UK’s 5,200 “final salary” style company…
General Motors slashing workforce at two Michigan plants
General Motors will lay off a total of 1,314 employees at two factories in Michigan in connection to ending production of vehicles, according to the Detroit Free Press. GM…
British Airways turns to AI to improve flight operations
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.British Airways is turning to greater use of artificial …
Hermès heir plans to give $7 billion fortune to his 51-year-old gardener
Nicolas Puech, the 80-year-old heir to the French luxury brand Hermès fortune, is reportedly planning to distribute his wealth to his 51-year-old gardener, who he also intends…
UK consumer confidence rises to 3-month high
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK consumer confidence rose for the second consecutive…
Elon Musk must testify in SEC probe of Twitter takeover, according to tentative ruling
A federal judge in California on Thursday issued a tentative ruling that billionaire Elon Musk must testify again in the Securities and Exchange Commission (SEC) probe of his…
Apollo/PIC: asset and liability harmony matters in M&A too
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apollo has dramatic ambitions for both sides of its…
Meta’s Threads now available in Europe for nearly half a billion users
Meta’s Threads social media platform officially launched in Europe Thursday, making the app available to a potential user base of about 448 million European Union residents.…