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Business
Fed holds rates steady at 23-year high, projects just one cut this year
The Federal Reserve on Wednesday held interest rates steady for the seventh straight time and scaled back the outlook for rate reductions later this year as high inflation…
Oil tanker group Frontline unlikely to return to Red Sea ‘anytime soon’
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shipping tycoon John Fredriksen’s Frontline Management…
Naked woman in Philippines airport walks through security in fit over visa issue
A Vietnamese tourist was caught on camera walking through Ninoy Aquino International Airport (NAIA) security naked after police sought payment from her for overstaying her…
Mexican billionaire Carlos Slim takes 3% stake in BT
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mexican billionaire Carlos Slim has taken a 3 per cent…
16 Handles founder Solomon Choi dies at 44
Solomon Choi, who founded New York City's self-serve frozen yogurt concept 16 Handles in 2008, died on Friday at 44. No cause of death was listed in his obituary. 16 Handles…
To help Britain prosper, the next government must work with business
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is chief executive of Lloyds Banking GroupThe…
Ozempic, Wegovy scams skyrocket as demand surges for expensive weight loss drugs
Online scams for coveted weight loss-related drugs are spiking in 2024 with nearly 500 malicious websites and 200,000 dangerous phishing attempts identified, according to…
Argentina loses appeal over $1.5bn payment to hedge funds
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A London court has rejected Argentina’s appeal on a…
Inflation rises 3.3% in May, less than expected
Inflation slowed more than expected in May, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans. The Labor Department…
EY’s UK boss Hywel Ball triggers leadership race after deciding to step down
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.EY’s UK boss Hywel Ball plans to step down, triggering a…