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Business
Uber, Lyft to leave Minneapolis due to minimum wage law
Uber and Lyft said they will stop operating in Minneapolis after the city council voted to overrule the mayor's veto of a minimum wage law impacting rideshare drivers. Lyft…
The battle over TikTok
The day after American lawmakers voted overwhelmingly to force the Chinese owner of TikTok to sell the video-sharing app, its chief executive Shou Zi Chew expressed…
WeightWatchers CEO sends internal memo to employees as stock plummets amid Oprah exit
WeightWatchers CEO Sima Sistani is trying to rally her team as the company's stock continues to take a beating following the announced departure of Oprah Winfrey from the…
Apple reaches $490mn settlement over Tim Cook’s China demand comments
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple has agreed to pay $490mn to settle a class action…
Republican Sen. Bill Cassidy slams Bernie Sanders’ 32-hour workweek proposal as job-killer
Louisiana Sen. Bill Cassidy is warning that a proposed 32-hour workweek with no loss in pay would kill jobs or dramatically increase inflation. Cassidy, the Republican ranking…
Grant Thornton US sells majority stake to private equity
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US arm of accounting firm Grant Thornton has agreed…
Angela Chao death: Tesla in spotlight as investigators maintain silence
Tesla vehicles are facing scrutiny after the death of Angela Chao, a shipping CEO who drowned in a tragic car accident on a Texas ranch last month. Chao, the sister of former…
The Lex Newsletter: Living in an Ozempic world
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Dear reader,It isn’t often that a company pays good money…
GOP senator blasts Bernie Sanders’ push for 32-hour workweek: It will ‘never work’
A 32-hour workweek could be on the horizon for millions of Americans, but one GOP senator says that the plan "will never work." Sen. Mike Braun, R-Ind., criticized the 32-hour…
Porsche’s bold EV ambitions keep shareholders idling in the pits
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Porsche’s motorsport reputation rests partly on its…