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Business
Percentage of US mortgages considered 'seriously underwater' rises
A new report finds that the percentage of U.S. mortgages considered to be "seriously underwater" rose in the first quarter of 2024, while the proportion of "equity-rich"!-->-->…
Société Générale among French and UK banks pulling back from Africa
Welcome back. Just a few years ago, UK and French banks were hyping Africa as a growth market and a place to burnish their sustainability credentials. But several have since sold…
‘Cheers’ star John Ratzenberger warns: More skilled labor jobs are needed to ‘save civilization’
Actor John Ratzenberger is best known for playing roles like Cliff Clavin on "Cheers" or voicing "Hamm" the piggy bank in "Toy Story," but his current passion is talking about!-->-->…
Carmakers bet on hybrids as shift to EVs slows
Stay informed with free updatesSimply sign up to the Electric vehiclesmyFT Digest -- delivered directly to your inbox.Global carmakers are stepping up their investment in hybrid!-->!-->…
The best places for recent college grads to move
Austin, Texas, rapidly became known as a pandemic hot spot for home buying. Today, it's seen as the best place for college graduates to rent. That's according to a recent!-->-->…
Dover Street Market Paris: a home for fashion’s independent minds
It’s not every day that two of the biggest forces in luxury retail come together in a room. But on this Friday afternoon, I am sitting on a circular stool in the office of Adrian…
'Friends' star Matthew Perry's Hollywood home, purchased just months before death, lists for $5.1 million
The home Matthew Perry purchased months before his death is now back on the market. Nestled in the Hollywood Hills, the mid-century abode was listed with a $5.195 million!-->-->…
British Airways owner IAG predicts summer boom as profits climb
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Winter holidaymakers flying to the Caribbean and a…
Sriracha shortage coming? Company pauses production until after Labor Day
Fans of sriracha sauce may find themselves scrambling — again — to get a hold of the spicy condiment. Huy Fong Foods, a leading sriracha maker in California, is warning that a!-->-->…
Britain’s biggest retailer isn’t British and isn’t a retailer
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Action is a Dutch discount store chain majority owned by…