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Business
Victoria’s Secret ditches prioritizing wokeness over ‘sexiness’ after sales drop
Lingerie chain Victoria’s Secret is reportedly ditching its woke, feminist makeover of recent years as it hasn’t translated to business success. Since the brand decided to…
How will Egypt handle Gaza?
Alarm is mounting in Egypt that Gaza’s deepening humanitarian crisis will be thrust across its borders, Scotland’s first minister said the country would issue its own government…
FDA proposes ban on hair-straightening products with formaldehyde over cancer-causing chemicals
The Food and Drug Administration is considering a ban on certain hair straightening products, saying that they are linked to hormone-related cancers and can cause "long-term…
Germany caves in to French demands over EU electricity market reform
Stay informed with free updatesSimply sign up to the EU energymyFT Digest -- delivered directly to your inbox.Germany has given leeway for France to use state subsidies to fund…
Hilton Hotel in Texas cancels pro-Palestinian conference over ‘potential risks’
A pro-Palestinian conference has been canceled at a Hilton hotel in Texas amid the ongoing war between Israel and Hamas with the major hotel chain citing "potential risks" for…
Goldman Sachs: retrofit bank must deal with pay and capital costs ahead
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Meet the new Goldman Sachs. It should look like the old…
Stellantis, citing UAW strike, backs out of Las Vegas tech show set for next year
Stellantis on Tuesday announced it will no longer participate in the CES technology show in Las Vegas early next year as planned, saying it needs to focus on business right…
Chinese electric vehicle groups braced for wave of consolidation
The future appeared bright for Shanghai electric vehicle start-up Aiways when it was founded in 2017. Led by former Volvo and state auto executives, the company counted tech giant…
Jeff Bezos’ net worth reportedly surpasses Bernard Arnault’s
Jeff Bezos on Monday saw the value of his personal fortune surpass LVMH CEO Bernard Arnault's, according to Bloomberg. The net worth of the Amazon founder hit $156.3 billion…
Carrefour and Chinese conglomerate Suning in legal battle over China stores
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Carrefour is locked in a legal battle with Chinese…