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Business
Israeli hacker group takes credit for cyberattack shutting down majority of Iran’s gas stations: reports
An Israeli hacker group is taking credit Monday for a cyberattack that disrupted operations at nearly 70% of the gas stations in Iran, reports say. Iranian state media is…
South Korea’s Coupang to acquire online luxury retailer Farfetch
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.South Korean ecommerce group Coupang has agreed to…
Small Social Security COLA could leave retirees struggling to get by next year
The modest cost-of-living bump in Social Security benefits next year could leave many retirees struggling to get by as they continue to battle still-high inflation that has…
The soft leverage of transparency
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Norway’s sovereign wealth fund owns 1.5 per cent on…
Nearly 400K without power across Northeast after storms sweep through region
Nearly 400,000 businesses and homes across the Northeast lost power by Monday morning after the region was walloped with a mix of heavy rain and strong winds. Massachusetts…
Gatekeepers beware: the new US corporate transparency act could be a game-changer
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a partner at Perkins CoieAs an anti-money…
Japan’s Nippon Steel to buy US Steel in $14.9B deal
Japan's Nippon Steel said on Monday it would buy U.S. Steel in a deal valued at $14.9 billion including debt, months after the steelmaker put itself up for sale. The per-share…
Ex-Freshfields partner on trial for tax fraud takes ‘full responsibility’ for errors
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Freshfields Bruckhaus Deringer’s former global head of…
BP pauses oil tanker traffic through Red Sea amid Houthi rebel attacks
BP will pause all of its shipments through the Red Sea effective immediately due to a series of attacks on trade vessels by Houthi rebels in Yemen, the company announced…
BP pauses oil shipments through Red Sea after rebel attacks
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BP has become the first oil major to pause all shipments…