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Business
Nike challenger Anta faces fresh rivals in Chinese sportswear race
In 1987, a teenage Ding Shizhong boarded a train from the southern Chinese city of Fuzhou to Beijing, carrying leather shoes manufactured at his family’s factory in the coastal…
FirstFT: Banks reverse post-pandemic hiring spree with 60,000 job cuts in 2023
Stay informed with free updatesSimply sign up to the WorldmyFT Digest -- delivered directly to your inbox.Good morning, and happy Boxing Day!Twenty of the world’s biggest banks…
Powerball jackpot rises to estimated $685M after no winner in Christmas Day drawing
The Powerball jackpot continues to rise after no tickets matched all six numbers Monday night to claim the $638 million grand prize. The jackpot now sits at an estimated $685…
Shipping giant to resume Red Sea voyages with Operation Prosperity Guardian in place
Denmark-based shipping giant Maersk announced Sunday it plans to resume routes through the Red Sea and Gulf of Aden, days after the U.S. said it was forming a coalition with…
Number of first-time UK housebuyers heads for 10-year low
The number of UK first-time buyers getting on the housing ladder is on track to hit a 10-year low as higher mortgage rates make purchasers more reliant on the so-called Bank of Mum…
Centenarians share the secrets to living a long, healthy life
The secret to longevity? If you asked 103-year-old Angelina "Angie" Torrisi and 101-year-old Margaret Vaccaro, they would not tell you they surpassed 100 years of age because…
Maersk to resume Red Sea shipping under US-led naval coalition
The operator of the world’s second-largest container ship fleet will resume sending tankers through the Red Sea after a US-led coalition began providing naval security against…
Disney’s long year of box office blunders
2023 marked Disney's 100th anniversary of making movie magic. It also marked a disastrous year at the box office. Out of eight major theatrical releases from Disney this…
Democrats turn on Biden SEC chair over increased regulation
Some House Democrats and Biden administration officials appear to be souring toward Securities and Exchange Commission (SEC) Chairman Gary Gensler over his readiness to…
Treasures of ancient Egypt set to draw crowds at new Cairo museum
Colossal statues of pharaohs on granite thrones adorn the great staircase at the Cairo’s new Grand Egyptian Museum, while a steel atrium soars above the building, engineered to…