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Business
Macy’s flagship store in San Francisco’s Union Square faces chopping block: reports
Macy’s could potentially decide to shutter the Macy’s department store it operates in San Francisco’s Union Square area. The iconic store appears to be facing the chopping…
Thames Water lobbies for higher bills, dividend payouts and lower fines
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water is lobbying the government and industry…
Toyota recalling 381K Tacoma pickups over axle issue raising crash risk
Toyota on Tuesday announced that it will recall about 381,000 Toyota Tacoma pickup trucks to address an issue with parts falling off the rear axle that can impact the…
FirstFT: McKinsey website touted its consulting for Chinese government ministries
Stay informed with free updatesSimply sign up to the Global EconomymyFT Digest -- delivered directly to your inbox.Good morning. We have an exclusive story today about McKinsey’s…
Apple scrapping electric car project
Apple is reportedly abandoning efforts to build an electric car after spending nearly a decade and billions of dollars on the project. Citing people familiar, Bloomberg…
Apple cancels secretive electric car project in shift to focus on AI
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple has cancelled its efforts to build an electric car…
Norfolk Southern CEO received major pay boost despite East Palestine derailment
Norfolk Southern is facing criticism after reporting CEO Alan Shaw received a significant pay boost last year, despite the railroad company's disastrous derailment in East…
The unfulfilled potential of Europe’s stock markets
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The S&P 500’s record-breaking start to the year was…
Kellogg CEO faces criticism for suggesting consumers eat cereal for dinner
WK Kellogg CEO Gary Pilnick is suggesting that consumers dealing with the high cost of food eat cereal for dinner. His message is landing him in hot water. "We gotta reach…
McKinsey website touted its advice to Chinese government ministries
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.McKinsey claimed in marketing materials that it had…