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Business
The 'lipstick effect': Consumers splurging on cosmetics despite tighter budgets
Cost-conscious consumers are trading down when it comes to everyday necessities like groceries as well as in other categories like electronics and apparel. But one thing…
H&M shares tumble on sales warning
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hennes & Mauritz, the world’s second-biggest listed…
GOP AG warns credit card companies to comply with new state law banning tracking of gun purchases
A GOP attorney general is sending a warning to three of the nation’s leading credit card financial institutions concerning their plans to begin complying with a new state law…
China’s subsea strategy and a new data centre for Singapore
Standard DigitalWeekend Print + Standard DigitalBilled Quarterly at $199. Complete digital access plus the FT newspaper delivered Monday-Saturday.Global news & analysisExpert…
World’s largest cruise ship catches fire, loses power during mishap
Royal Caribbean International’s massive Icon of the Seas ship recently caught fire and experienced a power outage, company officials say. A Royal Caribbean Group spokesperson…
Webtoon Entertainment to debut on Nasdaq as latest Korean cultural export success
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Webtoon Entertainment, an online comics platform that has…
Home prices break another record in April, but the market is cooling: Case-Shiller
Home prices increased again in April, hitting a new high that will likely keep homebuyers sidelined even as mortgage rates begin to soften, according to the latest S&P…
FirstFT: French far-right leader Jordan Bardella vows ‘cultural battle’ against Islamism
Good morning. With the first round of the French elections in just three days, we begin today with an interview with Jordan Bardella, the far-right candidate to be France’s prime…
Best cities in the US to celebrate the 4th of July
Along with the clear and sunny weather forecast, Los Angeles is also a walkable city, which helped it climb to the top of the list. New York City placed second, while Seattle…
US auto sales projected to slump in June due to disruption from CDK outage
Sales of new vehicles in the U.S. are expected to be down this month compared to June 2023 due to the outage at software provider CDK Global that has affected dealerships…