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Business
Fed leaves interest rates unchanged again, signals three cuts coming next year
The Federal Reserve on Wednesday held interest rates steady for the third straight time, signaling that its nearly two-year battle against high inflation may finally be coming…
FirstFT: Russia’s economy would be 5% bigger if it had not invaded Ukraine, says US
Stay informed with free updatesSimply sign up to the WorldmyFT Digest -- delivered directly to your inbox.Good morning.Vladimir Putin’s war in Ukraine is damaging Russia’s…
Bezos’ Blue Origin to start flights again after more than a year
Blue Origin will soon use its New Shepard reusable rocket in what would be the spacecraft’s first flight since September of last year. That goal, which Blue Origin unveiled…
Can Royal Mail deliver Christmas?
Politicians, postal workers and the industry regulator have warned that Royal Mail is struggling to send post on time across the country, raising questions about the company’s…
Etsy will lay off 11% of its workforce, stock falls
Etsy shares took a hit Wednesday after the online marketplace announced a restructuring plan that includes laying off 11% of its workforce. The stock remained down more than…
How Austria’s political elite helped René Benko’s rise
For years René Benko cultivated close political relationships in his native Austria. For his Signa Group, one of Europe’s most prominent property developers, which imploded last…
Biden says COP28 reached ‘historic milestone’ after Al Gore deems negotiations on verge of ‘complete failure’
President Biden and former Vice President Al Gore appear to have offered vastly different assessments of the 28th United Nations Climate Change Conference, or COP28 summit,…
Outlook improves for UK housing market, property survey finds
Stay informed with free updatesSimply sign up to the UK house pricesmyFT Digest -- delivered directly to your inbox.The outlook for the UK housing market improved in November as…
Hungry families in Missouri wait hours in the cold for meals at overwhelmed food giveaway: ‘The need is…
Families in Missouri showed up to a food giveaway event on Tuesday hours before it began. According to FOX 2 Now, cars began to line up in the morning at SSM Health DePaul…
West’s love for Shein and Temu drives ecommerce boom for air freighters
Booming western demand for fast fashion and ecommerce goods sold by Chinese online brands such as Temu and Shein is buoying air freight rates and creating fierce competition among…