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Business
US accounting giant to lay off more of its workforce
FIRST ON FOX — Grant Thornton LLP is laying off 200 people, its second round of layoffs in the past six months and an indication that the major players in the professional…
BioNTech cuts revenue forecast on lower demand for Covid jabs
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BioNTech has slashed about €1bn from its full-year…
NHTSA says aftermarket steering wheel decals could put drivers at risk of injury or death
A type of decoration that drivers sometimes stick on the steering wheel of their vehicle could put their safety at possible risk, according to the National Highway Traffic…
WeWork files for bankruptcy amid office market downturn
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.WeWork has filed for bankruptcy, a humbling fall for the…
Investors rebuff ‘Big Oil’ climate shareholder resolutions
Big U.S. investors at the top five western oil firms' shareholder meetings this year rebuffed an activist group's resolutions to align their emission targets with the Paris…
UK retail spending growth drops in run-up to Christmas
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Growth in UK retail and consumer spending slowed last…
Football helmet maker Riddell exploring potential sale: report
Football equipment maker Riddell is reportedly exploring a sale that would value the company at around $800 million. Riddell, which makes football helmets and shoulder pads as…
PwC to cut up to 600 UK jobs as attrition rate plunges
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.PwC plans to cut up to 600 jobs in the UK as a plummeting…
Heinz rolling out pickled-flavored ketchup
The Kraft Heinz Co. announced Monday it will soon be releasing a pickle-flavored ketchup as its latest condiment creation, and says, "It's a big dill." In a press release, the…
Telecom Italia: good deal was arrived at through flawed process
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Does the end justify the means? That question has long…