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Business
Reddit CEO addresses whopping $193M compensation package
Reddit CEO Steve Huffman addressed his $193 million compensation amid backlash from the social media platform's volunteer moderators as the company nears its initial public…
EU agrees fresh curbs on Ukrainian food after farmer protests
Stay informed with free updatesSimply sign up to the War in UkrainemyFT Digest -- delivered directly to your inbox.The EU has agreed to reduce imports of many Ukrainian foodstuffs…
Problem child Ben & Jerry’s getting boot from parent after years of political controversy
Multinational conglomerate Unilever, the owner of some 400 brands, announced Tuesday it is spinning off its ice cream business — including major names like Ben & Jerry's,…
Microsoft poaches Inflection chief in push to dominate consumer AI
Microsoft chief Satya Nadella’s punt on ChatGPT maker OpenAI gave the tech giant early ascendancy in the race to commercialise generative artificial intelligence. He has bet again…
Wendy’s unveils new orange-flavored Frosty based on classic dessert
Wendy's is rolling out a novel Frosty milkshake inspired by the beloved Orange Dreamsicle dessert. The Ohio-based fast food chain announced Tuesday that its brand new Orange…
UN’s Palestinian aid agency calls on EU countries to resume all funding
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Good morning. News to start: the head of German arms…
MacKenzie Scott gives out $640 million to 361 nonprofits
MacKenzie Scott on Tuesday gave more of her wealth away to nonprofits. Across the country, 361 nonprofits collectively received $640 million through grants made by her…
How credit card debt has become a burden for Americans — and Joe Biden
US consumers paid almost 50 per cent more in credit card expenses last year than in 2020, the year before President Joe Biden took office, putting pressure on family budgets and…
DC Coffee Chain Debuts Crypto Payments with Coinbase Partnership
A test case for mainstreaming cryptocurrency is coming to a local coffee chain in the nation’s capital, FOX Business has learned. Compass Coffee, a veteran-owned coffee brand…
Unilever’s ice cream scoop-out may increase appetite for another split
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Spin offs work particularly well when the original…