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Business
FAA rolling out new technology to reduce risk of runway accidents
The Federal Aviation Administration (FAA) is rolling out new airfield surveillance systems to minimize the risk of close calls between aircraft on the runway.…
Morgan Stanley’s wealth juggernaut helps power 14% profits rise
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Morgan Stanley’s profits rose 14 per cent in the first…
Tesla to lay off more than 10% of workforce
Tesla confirmed its laying off more than 10% of its global workforce following weak first quarter deliveries and increasing competition in the electric vehicle (EV) market,…
Bank of America profits fall on loan losses
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bank of America’s first-quarter profits fell by almost a…
No college degree? See the best and worst places in the US for a job
U.S. employers – both public and private – are increasingly ditching college degrees as a job requirement across an array of roles amid a nationwide shortage of workers, but…
It’s probably Britain’s fault when stocks fall, even when it’s not
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.No bandwagon is so rickety that an activist investor…
Your Social Security COLA increase could be bigger than expected next year
Social Security recipients are on track to receive a cost-of-living adjustment (COLA) next year that is bigger than previously expected after inflation accelerated for the…
No one will win in container shipping’s game of chicken
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The best way to win a game of chicken is to project…
Illinois woman hits Target with class action lawsuit for collecting biometric data without her consent
An Illinois woman filed a class action lawsuit against Target, accusing the retail giant of collecting and storing her biometric data, including face and fingerprint scans,…
EU set to fine Oreo-maker Mondelez for blocking cross-border sales
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US confectionery giant Mondelez will be fined millions of…