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Business
Steve Ballmer becomes No. 5 on Bloomberg’s billionaires list
Steve Ballmer held the No. 5 position among the most wealthy individuals globally as of Monday, according to Bloomberg figures. The former Microsoft CEO is worth an estimated…
US media veterans back new trading firm with financial news arm
Stay informed with free updatesSimply sign up to the Financial servicesmyFT Digest -- delivered directly to your inbox.A group of veteran US financial journalists is teaming up…
Pfizer quarterly results hit by soft demand for COVID-19 products
Pfizer on Tuesday reported its first quarterly loss since 2019 as demand for its COVID products dwindled. Sales of the company's coronavirus vaccine Comirnaty dropped 70%…
Billion-dollar airport whets Cambodia’s appetite for Chinese investment
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Planes have begun landing at a new Chinese-built airport…
Billionaire treats 1,200 employees plus families to Tokyo Disney trip for company anniversaries
Citadel and Citadel Securities workers from their Asia-Pacific offices got to hit up Tokyo Disney with their loved ones on billionaire founder Ken Griffin’s dime as they…
Toyota to invest a further $8bn in North Carolina battery plant
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Toyota is pouring a further $8bn into its battery…
Max streaming service attaches Matthew Perry memorial to ‘Friends’
Warner Bros. Discovery-owned Max has included a memorial to the late actor Matthew Perry to its streaming of the sitcom "Friends." The addition of the tribute to the…
FirstFT: Toyota to pour a further $8bn in North Carolina battery plant
Stay informed with free updatesSimply sign up to the Global EconomymyFT Digest -- delivered directly to your inbox.Good morning. Toyota is pouring a further $8bn into its battery…
Home prices continued to gain momentum in August: Case-Shiller
Home prices once again defied affordability challenges, posting the seventh consecutive monthly gain since prices bottomed in January 2023, according to the latest S&P…
Bankruptcy: grave-dancing bankers and lawyers gird for fee bonanza
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The only investment bankers getting fees these days are…