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Business
German staffer in EU parliament arrested on China spying charges
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Police have arrested a staffer working for a German…
New California bill would ban line skipping service Clear from airports in name of equity
New legislation being proposed in California would ban the expedited security screening company Clear from operating in the state’s airports, as proponents say the service…
Pendragon owner to cut hundreds of jobs in used car overhaul
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The new owner of UK car dealerships Stratstone and Evans…
US unemployment would be higher if illegal immigration were counted correctly: Goldman Sachs
The U.S. unemployment rate would be higher if the government properly accounted for the recent surge in illegal immigration, according to a new analyst note from Goldman…
UK grocery inflation falls to 30-month low
Stay informed with free updatesSimply sign up to the UK inflationmyFT Digest -- delivered directly to your inbox.UK grocery price inflation fell to a 30-month low in April,…
Electric vehicles are 'direct wealth transfer' from owners of gas-powered vehicles to EV owners, experts say
Energy experts are warning about numerous potential issues for electric vehicles, including affordability, range, weather, infrastructure and economic concerns, even as the…
Primark owner’s profits soar as investments provide boost
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Profits jumped more than a third at the owner of Primark…
Retailer Express files for Chapter 11 bankruptcy protection
Apparel retailer Express Inc. on Monday filed for Chapter 11 bankruptcy protection. Express said in a press release that it was "continuing to serve customers in stores and…
Ardian agrees to sell Audiotonix stake to PAI in near £2bn deal
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.French private equity firm Ardian has agreed a near £2bn…
UAW eyeing further southern expansion after win at Volkswagen's Tennessee plant
The United Auto Workers (UAW) has notched a breakthrough win for southern expansion following its successful strike against Detroit's Big Three automakers last year. Last…