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Business
South Carolina state treasurer halts Disney investing, says ‘far-left’ activism does not bode well for future
South Carolina State Treasurer Curtis Loftis removed The Walt Disney Company from an approved investment list this week, citing a "structural rot" that has resulted in putting…
Somerset Capital Management to wind down after client losses
Stay informed with free updatesSimply sign up to the Fund managementmyFT Digest -- delivered directly to your inbox.Somerset Capital Management, the boutique fund manager…
EXCLUSIVE: Jewish employees at TikTok share details of hostile, antisemitic work environment
EXCLUSIVE: JERUSALEM – Jewish and Israeli employees of the Chinese-owned social media platform TikTok are beginning to speak out about an increasingly hostile and insecure…
Commercial property confronts the ‘comedown’ from easy money
Behind the glittery facades of London’s Selfridges and New York’s Chrysler Building, Austrian property billionaire René Benko assembled a financial time bomb.Benko’s Signa Group,…
Auto loan debt surging and so are missed payments
The Federal Reserve's aggressive interest rate hike has pushed auto loan rates to new highs and Americans now owe more on debt to finance their cars than they do on student…
The labour market’s soft landing
Good morning. The rally in stocks may have stalled in the past week or so; not so bonds. The 10-year Treasury yield is close to 4 per cent, having peaked at almost 5 per cent in…
GM requiring salaried workers return to office starting in January
General Motors promises to provide tens of thousands of salaried employees with "more clarity" on the company's three-day-a-week return to office policy next month. "Hybrid…
Italy’s veto on French deal shows EU defence consolidation is a distant dream
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Three guesses on the nationality of the company that the…
Elon Musk’s AI start-up xAI looks to raise $1 billion, filing shows
Elon Musk's artificial intelligence company, xAI, disclosed this week it is looking to raise up to seven figures, but the tech billionaire says the start-up is not raising…
Why export controls are failing to cripple their targets
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The long-predicted weaponisation of trade has, it seems,…