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Business
Private equity fortunes diverge as KKR prospers while Carlyle cuts jobs
Two of the world’s biggest private equity firms have reported starkly diverging fortunes as KKR boosted its fundraising expectations while Carlyle axed jobs as part of a…
Ted Cruz alleges ‘nearly $100 billion’ has flowed from Biden White House to Iran
In a First on FOX Business interview, Texas Republican Sen. Ted Cruz criticized the Biden administration’s response to conflict in the Middle East, claiming billions of…
Ceres Power/hydrogen: hype bubble needs plenty of time to reflate
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hydrogen is 14 times lighter than air. But market forces…
WeWork co-founder Adam Neumann calls company’s bankruptcy ‘disappointing’
Hours before WeWork filed for Chapter 11 bankruptcy protection on Monday, the company's co-founder and former chief executive, Adam Neumann, weighed in on the expected move,…
Pension experts quiz absence of bill on chancellor’s investment reforms
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Jeremy Hunt’s plans to unlock £50bn of retirement fund…
Landlord torches New York home after tenants stop paying rent, become squatters: authorities
Fire marshals in New York City have arrested a Brooklyn man who allegedly set a house on fire with a family of tenants inside – after they reportedly stopped paying rent and…
Netflix is unlikely $70mn saviour of LA’s venerable Egyptian Theatre
Stay informed with free updatesSimply sign up to the FilmmyFT Digest -- delivered directly to your inbox.For most of the silent film era, the place to catch a movie in Los Angeles…
Credit card debt hits a new record while delinquencies also rise
Americans are increasingly turning to their credit cards to cover everyday expenses, with debt hitting a new record high at the end of September, according to a New York…
Asia’s universities attract the next generation wealthy
Wealthy Asian families are increasingly sending their younger generations to study at homegrown universities, as the region’s powerful economies present greater opportunities for…
Uber bets on holiday travel demand to forecast strong fourth quarter
Uber Technologies forecast fourth-quarter adjusted core profit and gross bookings above market expectations on Tuesday, betting that the holiday season would boost demand for…