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Business
FirstFT: South Korea’s ‘Luke Skywalker’ deals resounding defeat to President Yoon
Stay informed with free updatesSimply sign up to the Global EconomymyFT Digest -- delivered directly to your inbox.Good morning. We start today in South Korea where a convicted…
Biden's COVID-19 spending comes back to bite as inflation remains high: economists
President Biden and senior White House officials are scrambling to explain stubbornly-high inflation levels, which economic experts blame on the administration's own spending…
US missing pieces of AI chip puzzle despite TSMC’s $65bn bet
Taiwan Semiconductor Manufacturing Company’s decision to bring its latest technology to America is a big step forward for US President Joe Biden’s quest for security in the vital…
Sam Bankman-Fried appeals conviction and sentencing
FTX co-founder and former CEO Sam Bankman-Fried is appealing both his conviction and 25-year prison sentence after he was found guilty of defrauding investors and customers of…
Baseball star Shohei Ohtani’s former interpreter charged with bank fraud
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shohei Ohtani’s former interpreter was charged with bank…
Some San Francisco trains using '80s-era floppy disks for operations
San Francisco may be in Silicon Valley, but part of its rail system is still running on technology that hasn't been on the cutting edge since the Reagan administration.…
ByteDance extends employee share buyback programme to non-US workers
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.ByteDance has offered to buy shares held by employees…
Rising costs on flights: When to book, and what to expect
Airfare prices are expected to rise as soon as next month as travelers finalize summer plans, according to travel app Hopper. However, they will reach their peak by the end of…
Wrecking Telecom Italia’s landline deal would widen shareholder losses
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.With a crash or a bang, the party at Telecom Italia will…
President Biden announces new student loan forgiveness plans that could benefit 23 million Americans
President Biden just announced his new plan to provide student loan debt relief. When paired with the other cancellations the Biden Administration has provided, this relief…