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Business
Arnaud Lagardère forced to resign executive roles after preliminary charges filed
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Arnaud Lagardère has been forced to resign as chair and…
LARRY KUDLOW: This would be economic suicide
Joe Biden's strong support for woke DEI policies — diversity, equity and inclusion — has led his administration to insert them into virtually every aspect of American life and…
Food and drinks giants flag price pressure on low-income consumers
Stay informed with free updatesSimply sign up to the Retail & Consumer industrymyFT Digest -- delivered directly to your inbox.The world’s largest food and drinks companies…
Americans adjust retirement goals up 15% but savings drop: survey
The amount Americans believe they will need to retire comfortably has increased faster than inflation, but what they are saving has dropped, a recent survey said. U.S. adults…
BBVA/Sabadell offers a test case for more European bank consolidation
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Higher interest rates have boosted Spanish retail banks’…
Walmart launches its largest private grocery brand in decades
Walmart announced Tuesday that it is launching its largest private food brand in decades to lure in more cost-conscious shoppers. The brand, Bettergoods, will encompass 300…
Elon Musk fires Tesla’s entire supercharger team
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Elon Musk has shut down the division that runs Tesla’s…
McDonald's CEO: California minimum wage hike driving labor inflation
McDonald's CEO Chris Kempczinski said Tuesday that the company expects wage inflation to impact restaurants nationwide, which he largely attributed to the higher minimum wage…
Inside Apollo’s alleged grim-reaper gamble
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The death of Martha Barotz was the start of her problems.…
Tesla lays off more workers, two senior executives out: Report
Tesla is reportedly cutting additional jobs and two more top executives are gone after the electric vehicle giant slashed its workforce by 10% earlier this month. The…