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Business
Iron ore/China: rusty metal shines in markets
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.China’s love affair with property may be ending but no…
New York minimum wage increase goes into effect as 2024 begins
As the United States entered the new year, New York's minimum wage increased statewide at the stroke of midnight. Minimum wage workers in the Empire State received a raise in…
X now worth 71% less than when Musk bought it, Fidelity estimates
X, the platform formerly known as Twitter, is worth 71% less now than it was when Elon Musk bought it in late 2022, according to Fidelity. The investment group made the…
Volvo: investors fear carmaker’s strategy lacks juice
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Electric vehicle buyers fret about range. Investors in…
US and UK step up pressure on Houthi rebels to deter Red Sea shipping attacks
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK and the US have stepped up pressure on Houthi…
US office owners face $117bn wall of debt repayments
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Billions of dollars of debt will fall due this year on…
Krispy Kreme, Morgan Stanley and Sherwin-Williams welcome new CEOs in 2024
Several prominent companies will ring in the new year with a new CEO who officially assumes the role on New Year’s Day. Corporate succession planning can be a tumultuous…
DoorDash plots expansion outside core restaurant business in US
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.DoorDash is looking to use its financial clout to…
Global minimum tax on multinationals goes live to raise up to $220bn
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Big multinational companies will from Monday be subject…
Banks: investors should demand more ambition on profitability targets
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Financial textbooks laud companies that earn more from…