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Business
Five Guys’ prices sparks outrage after $24 receipt goes viral: ‘Highway robbery’
A controversial $24 receipt from a Five Guys restaurant has recently put social media users up in arms. An X account named Wall Street Silver published a picture of the viral…
Margins wane for banks in south-east Asia as US interest rate cuts loom
Banks in the 10-member Association of Southeast Asian Nations may be seeing the last of beefy earnings from loans in the current higher financing era as lower interest rates…
Embattled bank NYCB lands $1B investment from group including Mnuchin’s firm
New York Community Bank (NYCB) on Wednesday said it raised $1 billion from investors including former Treasury Secretary Steven Mnuchin's Liberty Strategic Capital and named a…
Hong Kong’s dynamism means it will not only survive but thrive
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is former Asia chair of Jefferies and a former…
Former Google engineer indicted for stealing AI secrets to aid Chinese firms
A former Google software engineer was indicted in California on Tuesday on charges of stealing trade secrets related to artificial intelligence (AI) technologies that he took…
Google engineer charged with stealing AI secrets while working for Chinese groups
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A Chinese man who worked as a software engineer at Google…
Hidden Valley Ranch launches Cheez-It-flavored dressing, ‘Cheezy Ranch’
Ranch dressing is getting a cheesy twist. Hidden Valley Ranch has announced its collaboration with Cheez-It to create the all-new Cheezy Ranch.The company is calling the…
FirstFT: Chinese military spending outstrips official budget, experts say
Stay informed with free updatesSimply sign up to the Global EconomymyFT Digest -- delivered directly to your inbox.Good morning. Our top story today takes a closer look at China’s…
OpenAI pushes back on Elon Musk lawsuit, says he suggested merger with Tesla
OpenAI on Tuesday hit back at Elon Musk's lawsuit claiming the startup abandoned its original nonprofit mission by revealing communications showing the billionaire backed…
NYCB to raise $1bn in deal led by Steven Mnuchin’s investment firm
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.New York Community Bank will raise more than $1bn in a…