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Business
SocGen Hong Kong traders exit after unauthorised risky bets uncovered
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Two Société Générale traders in Hong Kong left the group…
Why the shine of the Ivy leagues is losing its luster
At one point, attending a four-year college and securing a white-collar job was considered the primary route to prosperity. However, this mindset is evolving, particularly as the…
L’Occitane’s take-private squeezes shareholders for a change of scene
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hardly a day goes by without a company that is listed in…
Many Americans spend more than 30% of their take-home pay on a mortgage: survey
Higher mortgage rates and home prices mean that 20% of Americans spend roughly 30% of their paychecks on monthly home loan payments and 10% spend more than half of their pay,…
Expansion of car-carrying fleet risks worsening port congestion
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A planned significant increase in the number of…
50 Cent joins Mark Wahlberg in taking movie production out of Hollywood to Heartland
Rapper 50 Cent has chosen an interesting location for his latest business venture. 50 Cent, whose real name is Curtis Jackson, is opening a new film studio. Instead of…
Skydance deal leaves Paramount commoners begging for bounty
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Cash is king, unless there is a queen in the picture.The…
San Francisco's business curfew won't 'make any changes' to 'slow down' crime, owner warns
Residents and small businesses’ concerns are seemingly rising in San Francisco around a proposed law that forces a curfew on some of the city’s retail establishments. "I do…
Santander profits up 11 per cent on higher interest rates
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Spanish bank Santander reported an 11 per cent rise in…
H-E-B recalls ice cream over potential metal contamination
Supermarket chain H-E-B is recalling select packages of Creamy Creations ice cream cups that could have been contaminated with metal. The recall, issued Saturday, affects…