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Business
Frédéric Arnault to become CEO of LVMH Watches
Spare a thought for 29-year-old Frédéric Arnault, chief executive of Swiss sports watch brand TAG Heuer and fourth child of LVMH’s Bernard Arnault; he can’t even go to a party…
OpenAI CEO Sam Altman says Palestinians in tech fear retaliation for speaking out
OpenAI CEO Sam Altman on Thursday called on the tech industry to support Palestinian colleagues who fear retaliation for speaking about their recent experiences amid war in…
Business leaders named in Jeffrey Epstein document release
The public release of documents related to sex trafficker and disgraced financier Jeffrey Epstein as part of a lawsuit against his former lover and accomplice Ghislaine…
Warmer winter weather creating headaches for businesses that rely on seasonal tourism
The winter tourism industry in the U.S. typically brings in billions of dollars for the economy, but businesses in many cities across the country are struggling because of…
Shipping blues get a hand from Red Sea disruption
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Few industries are more sensitive to geopolitics than the…
Mortgages rates tick higher for first time in 9 weeks
Mortgage rates' steady downward trend hit a pause this week while demand fell, as data indicates would-be buyers are waiting on the sidelines until they see rates return to…
EU drop in Russian gas imports raises hopes of energy independence
Stay informed with free updatesSimply sign up to the EU energymyFT Digest -- delivered directly to your inbox.EU imports of Russian liquefied natural gas dropped slightly last…
Man sues Dunkin’ Donuts for $50K, claims toilet exploded on him
A Florida man is suing Dunkin' Donuts for $50,000, claiming a toilet at one of its locations exploded on him and covered him in feces and urine, according to a court filing…
UK house prices rise for third consecutive month, Halifax data shows
Stay informed with free updatesSimply sign up to the UK house pricesmyFT Digest -- delivered directly to your inbox.UK house prices rose for the third consecutive month in…
Mortgage rates hold steady but likely to keep dropping as 2024 unfolds: Freddie Mac
Mortgage rates held steady to kick off the New Year, but buyers can expect further drops deeper into 2024, according to Freddie Mac. The average 30-year fixed-rate mortgage was…