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Business
Honda recalls 2.5 million vehicles due to fuel pump issue
A fuel pump-related issue has prompted Honda to issue a recall of over 2.5 million vehicles. The recall, submitted to the National Highway Traffic Safety Administration on…
BlueCrest loses appeal over tax on partner pay
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Partners at billionaire Michael Platt’s investment firm…
Warner Bros. Discovery CEO Zaslav not ready to make deal for Paramount
Warner Bros. Discovery CEO David Zaslav "is not in deal mode," and his conversations about a potential tie-up with rival studio Paramount Global are said to be more…
Thousands of UK rail passengers face Christmas getaway chaos
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thousands of rail passengers trying to get away for…
Southwest Airlines, pilot union reach tentative agreement on new contract
Southwest Airlines and its pilot union reached a tentative agreement on a new contract that would provide aviators with a 50% pay raise over the next four years. On Thursday,…
Warner Bros/Paramount: bloated structures should curb ambitions
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The allure of the streaming entertainment era is the…
Final third quarter GDP estimate revised downward to 4.9%
The third and final estimate for real gross domestic product (GDP) in the third quarter of 2023 was lower than initial projections, mainly because of a decline in consumer…
China’s BYD set to announce Hungarian electric vehicle factory
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China’s BYD is in final negotiations with the Hungarian…
Ikea warns of product delays due to Houthi rebel attacks on ships in Red Sea
Ikea is the latest major company whose operations have been impacted by the series of attacks on trade vessels in the Red Sea by Iran-backed Houthi rebels. Inter Ikea Group…
UK fraud agency and Dechert liable for costs in ENRC case, High Court rules
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK Serious Fraud Office and law firm Dechert are on…