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Business
FTC bans Rite Aid’s use of AI facial recognition over lack of consumer protections
The Federal Trade Commission (FTC) on Tuesday banned Rite Aid from using facial recognition powered by artificial intelligence (AI) for surveillance purposes for five years…
Raiffeisen and Deripaska skirt Russia sanctions with €1.5bn deal
Stay informed with free updatesSimply sign up to the Russian business & financemyFT Digest -- delivered directly to your inbox.Austria’s Raiffeisen Bank International has…
Tesla to raise Nevada Gigafactory workers’ pay amid union push: report
Electric vehicle maker Tesla is planning to give hourly workers at its Nevada Gigafactory a roughly 10% raise in January, according to a report from CNBC. According to…
Spain to buy 10% share in Telefónica in response to Saudi stakebuilding
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Spain is to buy a stake of up to 10 per cent in…
Fears of higher oil, gas prices rise as shippers avoid Red Sea due to Houthi attacks
Ongoing missile and drone attacks from Yemen's Iran-backed Houthi militants on ships in the Red Sea have caused several commercial shippers to reroute all vessels from the…
Goldman Sachs boosts bonuses for traders despite fall in revenues
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Goldman Sachs is planning to increase bonuses in its…
Michigan city bans gas leaf blowers in unanimous vote
A city in Michigan has banned gasoline-powered leaf blowers due to noise and health issues. The decision was made unanimously by Ann Arbor's city council on Monday, according…
White House warns against Republican efforts to gut ‘tremendous’ IRA
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The White House on Tuesday warned against Republican…
Comcast says Xfinity cybersecurity incident may have compromised customer data
Comcast said Monday a mid-October cybersecurity incident stemming from a Citrix software vulnerability may have involved certain Xfinity customer information getting taken.…
Nippon Steel takeover of US Steel faces opposition in Washington
Stay informed with free updatesSimply sign up to the US politics & policymyFT Digest -- delivered directly to your inbox.Nippon Steel’s $14.9bn purchase of US Steel is facing…