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Business
South Korean defence industry rides global order wave
When South Korean arms companies secured a package of deals from the Polish government last year worth almost $14bn, it heralded a new era for the country’s defence…
Global tax clampdown fuels boom in insurance against costly rulings
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.As governments around the world promise to clamp down on…
Frank Sinatra’s former Los Angeles home hits market for $8.99 million
Frank Sinatra's former house in the Los Angeles suburb of West Hills, California, has been listed for $8.995 million. The legendary crooner leased the property from New York…
Property boss David Sleath gives warehouses the hard sell
David Sleath, chief executive of industrial property group Segro, has a tough sell.The former accountant knows the warehouses the 100-year-old company builds are viewed as boring,…
China launches probe into struggling shadow bank Zhongzhi
Stay informed with free updatesSimply sign up to the Chinese business & financemyFT Digest -- delivered directly to your inbox.Chinese authorities have opened a probe against…
Crypto Kings dethroned as crackdown sweeps away old guard
Stay informed with free updatesSimply sign up to the CryptocurrenciesmyFT Digest -- delivered directly to your inbox.The US’s successful prosecution of Binance’s Changpeng Zhao…
‘No choice but to borrow’: Nigerians resort to emergency loans as austerity and inflation bite
Nigerians are turning to expensive emergency loans to cover the cost of essentials, as the country’s economic woes push more people into poverty and fears grow of a consumer debt…
Three-year cruise canceled weeks before shoving off, after one woman sold her apartment to join unique voyage
A three-year world cruise has been canceled less than two weeks before it was scheduled to set sail. Life at Sea Cruises' first three-year sailing was announced in March and…
Washington woman wins huge lottery prize on her own birthday
A woman in Washington state had a birthday for the ages as she won $150,000 in a lottery game. The woman, who is from the city of Arlington, was a frequent player of the "Hit…
Honda issues recall potentially affecting more than 300,000 SUVs over seat belt issue
Honda issued a recall potentially affecting more than 300,000 2023 and 2024 HR-V’s and Accords, because the vehicles may be missing a seat belt connector that could increase the…