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Business
Elon Musk drops lawsuit against OpenAI
Billionaire Elon Musk moved to drop his lawsuit against artificial intelligence (AI) firm OpenAI that accused the company of abandoning its original mission of developing AI…
Rentokil shares jump as activist investor Nelson Peltz takes stake
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in Rentokil surged more than 15 per cent on…
Majority of Gen Zers want to become entrepreneurs, report finds
A growing number of Generation Zers (ages 12 to 27) in the U.S. want to become entrepreneurs, according to last year's Square Future of Commerce report, and there are programs…
Blame the Paramount fiasco on its dual-class shares
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Our long National (Amusements) nightmare is not over.…
The Rise of Build-to-Rent Communities: A solution to America's housing crisis?
While many Americans wait for potential relief in the housing market, some real estate developers are taking advantage of the high demand within the market and investing in…
Battery specialist Umicore warns on EV slowdown
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.One of the world’s largest makers of battery materials…
Consumers want credit products despite high interest rates: TransUnion
The high interest rate environment has done little to dampen the appetite for credit products, a recent TransUnion report said. The report said that in the first quarter of…
FirstFT: EU to push ahead with tariffs on Chinese EVs despite German opposition
Good morning. Today, the EU is pushing ahead with Chinese electric vehicle tariffs that are set to bring in more than €2bn a year, despite opposition from Germany.The European…
Rent prices are stagnating, suggesting high inflation may stick around
Once-rapid declines in rental prices are stalling out, a sign that high inflation could be here to stay. A new report published by Realtor.com shows that rents declined for…
Waitrose readies for change
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.If there is a sign that Waitrose has been finding its…