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Business
Airbnb cracks down on fake listings
Airbnb CEO Brian Chesky said Wednesday that the company built a new system to verify listings across North America and in other countries, so users won't have to worry about…
Kokusai Electric: Japanese listing arrives in time for chip boom
Receive free Lex updatesWe’ll send you a myFT Daily Digest email rounding up the latest Lexnews every morning.Japan’s Kokusai Electric has timed its initial public offering well. …
Layoffs, work stoppages mount in UAW strike against Big Three
The United Auto Workers (UAW) strike against the Big Three automakers is causing layoffs to mount as the companies deal with supply chain disruptions and control costs while…
Private equity: financial engineering prevents valuation check
Receive free Lex updatesWe’ll send you a myFT Daily Digest email rounding up the latest Lexnews every morning.There is no problem that private equity will not attempt to solve,…
Interest rates for mortgages, credit cards and auto loans: where they stand
The Federal Reserve left rates unchanged at its latest meeting this week, but its aggressive rate-hiking campaign over the past 16 months has left borrowing rates for…
Carmakers in UK to face EV sales targets despite delay to petrol vehicle ban
Receive free UK business updatesWe’ll send you a myFT Daily Digest email rounding up the latest UK businessnews every morning.The UK car industry will still have to meet mandatory…
McDonald’s sued as hot coffee leaves woman with ‘severe burns,’ 30 years after similar 1994 lawsuit
An elderly woman in California is suing McDonald’s over a hot coffee spill that’s reminiscent of the 1992 incident that made national headlines. Mabel Childress, a woman in…
Next lifts profit forecast for third time as consumer demand holds up
Receive free Next PLC updatesWe’ll send you a myFT Daily Digest email rounding up the latest Next PLCnews every morning.Next has raised its profit forecast for the third time in…
Ukraine’s Zelenskyy to meet with nation’s top financiers, diplomats in New York City
Ukrainian President Volodymyr Zelenskyy on Wednesday is scheduled to meet in New York City with a who's who of the nation's top finance people, business leaders, diplomats and…
Indonesia’s battery travails and China’s EV largesse
Hello, this is Kenji from Hong Kong.Over the past week, I have been following the developments surrounding Chinese electric vehicles. European Commission president Ursula von der…