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Business
DOJ announces latest payouts to Bernie Madoff Ponzi scheme victims totaling nearly $159M
The Justice Department announced on Monday the latest payouts to be distributed to nearly 25,000 victims of Bernie Madoff's infamous Ponzi scheme. This comes through the…
Canada: robust banks will weather mortgage storm
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Universal healthcare. Milk in a bag. Canada may be right…
Hasbro cutting 1,100 jobs as toy sales slow
Toy manufacturer Hasbro Inc. is laying off nearly 20% of its global workforce after facing back-to-back quarters of falling toy sales. CEO Chris Cooks said in a Monday memo…
UK financial regulator vows to ‘intervene’ over withheld interest payments
Stay informed with free updatesSimply sign up to the UK financial regulationmyFT Digest -- delivered directly to your inbox.The UK’s top financial regulator has vowed to…
Inflation rises 0.1% in November, slightly more than expected
The Labor Department said Tuesday that the consumer price index, a broad measure of the price of everyday goods including gasoline, groceries and rent, rose 0.1% in November…
Nigeria’s oil sector hit by an exodus of foreign companies
Good morning and welcome back to Energy Source, coming to you from New York. Negotiators from more than 100 countries are scheduled to wrap up talks at the UN COP28 climate summit…
New poll shows dramatic drop in support for banning TikTok among adults and teens since March
A new poll from Pew Research Center indicated that decreasing numbers of American adults and teenagers want TikTok to be banned. TikTok, a viral social media and video-sharing…
Thames Water faces more than £1bn in debt repayments next year
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Thames Water is facing more than £1bn in debt repayments…
Global fashion giant Zara faces protests after critics say ads resemble dead bodies of Palestinians
An ad campaign from Zara, a major fashion company chain, sparked a #BoycottZara social media push for allegedly being insensitive to Gaza war victims. The campaign for the…
US nuclear start-ups battle funding challenge in race to curb emissions
US plans to build up its nuclear industry face big funding and regulatory challenges which could delay a new generation of smaller, more efficient reactors touted by advocates as…