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Business
China’s Vanke vows to cut debt by $14bn as property woes mount
Stay informed with free updatesSimply sign up to the Chinese economymyFT Digest -- delivered directly to your inbox.Vanke, one of China’s leading property developers, said it…
Baltimore bridge collapse: Economists predict inflation 'pinch' for American consumers
Economists are predicting that Americans will feel a "pinch" in terms of their grocery bills, gas prices and other goods as local shipping and maritime traffic remain snarled…
Thames Water enters its end game
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shouting matches between utility companies and regulators…
Dollar Tree stores to introduce merchandise with price tags up to $7
Dollar Tree customers will start to see some items carrying $7 price tags on the discount retailer’s shelves later this year. That will be the case for 3,000 stores, where…
Big ships, big problems
Less than a year ago the US Army Corps of Engineers finalised a Chief’s Report for Baltimore harbour. The report does not predict the collapse of the Francis Scott Key Bridge this…
Baltimore port closure may hit US coal export volumes
The closure of the Port of Baltimore to shipping traffic following a container ship's collision with a bridge that collapsed into the harbor will slow U.S. exports of coal,…
Valentino appoints ex-Gucci designer Alessandro Michele as creative director
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Former Gucci star designer Alessandro Michele has been…
Trader Joe's wins legal victory after judge issues decision in dark chocolate lawsuit
A lawsuit accusing Trader Joe's of failing to disclose that its dark chocolate products contain dangerous "heavy metals" was mostly dismissed by a judge on Wednesday. The…
UK nuclear watchdog takes Sellafield operator to court over alleged IT breaches
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The state-owned operator of the UK’s largest nuclear…
Sam Bankman-Fried's $222M Bahamas real estate holdings to go on the market
FTX will reportedly soon put Bahamas properties tied to Sam Bankman-Fried up for sale. The bankrupt cryptocurrency exchange could start its effort of offloading the portfolio…