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Business
Daniel Křetínský lifts bid for Royal Mail owner
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Czech billionaire Daniel Křetínský’s EP Group has lifted…
Inflation increases 3.4% in April as prices remain elevated
The Labor Department said Wednesday that the consumer price index, a broad measure of the price of everyday goods including gasoline, groceries and rent, rose 0.3% in April…
The green transition can kick-start a revival in UK manufacturing
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a former UK business secretary and former…
Used car sales booming as holdout buyers return: Edmunds
The used vehicle market is up and running again after getting a jump-start from easing prices that have lured consumers holding out on making a purchase the past few years, a…
Gold-digging in South Beach
One thing to start: Ilya Sutskever, OpenAI’s co-founder and chief scientist, has left the artificial intelligence start-up six months after an unsuccessful coup against chief…
Credit card delinquencies are surging
A growing number of Americans are falling behind on their monthly credit card payments as they continue to battle high inflation and interest rates, according to New York…
US AI data centres may use as much energy as its new solar farms make
Stay informed with free updatesSimply sign up to the Artificial intelligencemyFT Digest -- delivered directly to your inbox.Generative AI uses a lot of energy, though figuring out…
Embrace of streaming television bundles is growing
Companies have been embracing streaming bundles more and more. The latest to publicize plans to offer a package of streaming service became Comcast this week, when the CEO of…
Burberry warns of tough first-half trading as profits fall sharply
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Burberry has warned that trading will remain…
US airlines sue DOT, push back on fee disclosure rule
Several major U.S. airlines are suing the federal government in an attempt to thwart new regulations mandating them to disclose all fees, including for things like checked…