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Business
US, UK impose new Houthi sanctions as Red Sea attacks continue
The U.S. and the U.K. on Thursday announced sanctions leveled at four senior Houthi officials in Yemen as the Iran-backed militant group escalates its attacks on commercial…
GM’s driverless car unit Cruise probed over dragging incident
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.General Motors’ Cruise faces probes by numerous federal…
Larry Kudlow: This is unhealthy and inflationary
President Joe Biden, once again, selling Bidenomics in Wisconsin today. He got a good 3.3% GDP number for the fourth quarter of 2023, following 4.9% in the third quarter and,…
LVMH raises dividend as pace of sales growth slows after years of record revenues
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The world’s biggest luxury group LVMH will raise its…
McDonald’s spinoff CosMc’s saw twice as many visits as regular restaurant in first month: report
When McDonald's spinoff CosMc's opened last month outside Chicago, the drive-thru-only concept appeared to be a smash hit. Now, recent data shows the "small-format,…
Eli Lilly’s weight-loss drug set for UK launch ‘within weeks’
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mounjaro will become available “within weeks” in Great…
Vince McMahon accused of sexual abuse, sex trafficking in lawsuit
Vince McMahon, the executive chairman of the board for WWE’s parent company TKO Group Holdings, was accused of sexual abuse and sex trafficking in a lawsuit filed in…
Senior doctors in England reject government’s pay offer
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.England’s senior doctors have narrowly rejected a…
Mortgage rates climb, adding to affordability woes
Mortgage rates are up again after taking a slight dip last week, remaining in the mid-6% range. Although rates have come down roughly a percentage point since October, they…
Business Insider cuts add to new round of news industry lay-offs
Stay informed with free updatesSimply sign up to the MediamyFT Digest -- delivered directly to your inbox.A new round of lay-offs is sweeping newsrooms as a combination of sagging…