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Business
Jeff Bezos, other billionaire media owners losing ‘a fortune’ on struggling news outlets: Report
Despite massive purchases from billionaires like Jeff Bezos, many once-popular news outlets have reportedly lost big financially in recent years. The Amazon founder kicked off…
Endeavour to strip former CEO of remuneration worth $29.1mn
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Endeavour Mining will strip former chief executive…
Nelson Peltz: Disney’s board has ‘self-inflicted’ wounds
Activist shareholder Nelson Peltz is firing back at Disney after the entertainment giant urged shareholders to vote against adding him and another nominee pushed by his hedge…
JPMorgan paid chief Jamie Dimon $36mn in 2023
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.JPMorgan Chase paid longtime chief executive Jamie Dimon…
Mark Cuban mocks X under Elon Musk as his ‘little echo chamber,’ defends DEI stance
Billionaire Mark Cuban blasted Elon Musk over his stance on the merits of DEI on the "What Now?" podcast Thursday. Musk recently kicked off the debate on X - the platform…
German union pay demand of 21% raises inflation fears
Stay informed with free updatesSimply sign up to the German economymyFT Digest -- delivered directly to your inbox.Germany’s construction union has demanded a pay rise of more…
Passive eclipses active in US fund market as assets swell to $13.3tn
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Passively managed US mutual funds and exchange traded…
Popular Bahamas resort halts shark tank experience after boy is bitten by shark
Operations of a shark tank "expedition" at a Bahamas resort are on pause after a shark bit a 10-year-old boy on Monday. The incident occurred at the Atlantis Paradise Island…
Top Polish court rules Donald Tusk’s media overhaul is unconstitutional
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Poland’s highest court on Thursday ruled Prime Minister…
Auto insurance premiums rise as car thefts and false insurance claims increase
Auto insurance premiums continue their climb upward, and the rise in auto thefts isn’t helping matters. The National Insurance Crime Bureau (NICB) reports that thefts rose in…