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Business
Red Lobster files for bankruptcy: Blame focuses on shrimp deal
The financial woes hitting seafood restaurant chain Red Lobster have prompted it to close dozens of locations and file for Chapter 11 bankruptcy protection, with some of the…
Prada chief rules out big acquisitions
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Large-scale acquisitions are not on the horizon for the…
FirstFT: Iran’s president dies in helicopter crash
Iran’s President Ebrahim Raisi has died in a helicopter crash, state media reported early this morning.The helicopter carrying the president came down yesterday in a remote and…
Minnesota lawmakers reach deal to raise pay rate for Uber, Lyft drivers
Minnesota lawmakers passed a bill Sunday that aims to increase the pay rate for rideshare drivers and Lyft. Gov. Tim Walz and other Democratic leaders announced a deal on a…
Introducing Untold: Power for Sale
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Introducing Power for Sale, a new season of Untold from…
Ryanair says summer airfares will be lower than expected
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ryanair said airfares over the peak summer season would…
DiDi co-founder steps down as president
Stay informed with free updatesSimply sign up to the Technology sectormyFT Digest -- delivered directly to your inbox.Jean Liu is stepping down as president and from the board of…
Johnson & Johnson settlement shows the new stakes in litigation finance
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Johnson & Johnson has an enterprise value of $375bn.…
Protectionism will ‘haunt’ renewable energy industry, says China solar executive
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A senior executive at one of China’s biggest solar…
Inflation flattens Americans' wealth gains under Biden: report
Gains in American households' net worth have flattened during President Biden's administration because of inflation, a new analysis finds. A report by the Wall Street Journal…