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Business
Zombie car factories on the rise in China as buyers opt for EVs
In 2017, Hyundai invested $1.15bn in a new factory in Chongqing, southwestern China, with the goal of reaching an annual output of 300,000 internal combustion engine cars.But six…
Auto insurance rates continue to skyrocket with no immediate signs of relief
Car insurance prices are skyrocketing without any immediate signs of relief — and customers are not happy about it. Nevada had the second-most expensive car insurance last…
Oodles of noodles: how a global favourite became an economic red flag
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.If the entire (cooked) length of instant noodles sold…
California braces for new electric plan: Make more, pay more
How to go green without going broke? That's the latest challenge in the alternative energy capital of California, where Democrats propose taxing the rich to make energy more…
President Joe Biden’s US Steel intervention clashes with call for rules-based order
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The early 1990s saw an ugly US populist backlash against…
Sign from disastrous ‘Willy Wonka Experience’ event auctioned off on eBay
The Scottish business that owns the warehouse where the notorious "Willy Wonka's Experience" took place is already selling memorabilia from the infamous event. "Willy Wonka's…
Nestlé shareholders call on food giant to reduce reliance on unhealthy products
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A group of Nestlé shareholders has filed a resolution…
TikTok CEO voices disappointment in House vote to ban social media platform
TikTok's CEO Shou Chew reacted to the "disappointing vote" by the House of Representatives that passed on Wednesday that could pave the way for the social media platform to be…
UK estate agents more optimistic about house price outlook
Stay informed with free updatesSimply sign up to the UK house pricesmyFT Digest -- delivered directly to your inbox.UK estate agents are at their most optimistic about near-term…
European lawmakers pass AI Act, world’s first comprehensive AI law
European lawmakers approved the world’s most comprehensive legislation yet on artificial intelligence, setting out sweeping rules for developers of AI systems and new…