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Business
US consumer sentiment drops again on inflation fears
Inflation may be decreasing in the U.S., but Americans expect it to surge again, according to fresh data. The University of Michigan's latest consumer survey released…
South Korean EV battery makers lay off workers and scale back investments in US
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Leading battery makers are scaling back their North…
Mortgage rates plummet to 2-month low, reigniting housing demand
A key measure of home-purchase applications rose to the highest level in six weeks as a sharp drop in mortgage rates reignited demand among consumers. The Mortgage Bankers…
Nissan set to build two new electric models at its Sunderland plant
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Japanese carmaker Nissan will on Friday announce it is to…
Sony slapped with nearly $8 billion lawsuit over PlayStation Store prices
A London tribunal ruled Tuesday that Sony must face a nearly $8 billion lawsuit over claims that the PlayStation maker abused its dominant position in the market by charging…
FirstFT: US foiled plot to kill Sikh separatist on American soil
Stay informed with free updatesSimply sign up to the Global EconomymyFT Digest -- delivered directly to your inbox.Good morning. US authorities thwarted a conspiracy to…
Warren Buffett donates Thanksgiving millions, praises USA
Warren Buffett has given family-linked nonprofit organizations a total of 2.4 million Berkshire Hathaway Class B shares. The "Oracle of Omaha" delivered them Tuesday to The…
Jeremy Hunt makes political ‘gamble’ with no new money for NHS England
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Jeremy Hunt took a political gamble on Wednesday when he…
Meet OpenAI’s new board members following shakeup, Sam Altman’s return
OpenAI has a new board of directors following days of chaos after its previous board abruptly fired Sam Altman as CEO last week, and has added fresh but familiar faces to the…
New low-carbon generating schemes exempted from UK windfall tax
Stay informed with free updatesSimply sign up to the UK energymyFT Digest -- delivered directly to your inbox.New low-carbon power generating schemes, including wind farms, will…