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Business
Umicore: cathode capacity expansion cuts signal slower EV revolution
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Electric vehicles can cause a price shock for keen…
Lockheed beats estimates on sustained weapons demand amid geopolitical tensions
U.S. defense contractor Lockheed Martin shares sank in pre-market trading despite reporting better-than-expected third-quarter revenue and profit on Tuesday, as geopolitical…
News Corp break-up would unlock $7bn in value, says activist Starboard
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Starboard Value has built a stake in News Corp and is…
Royal Caribbean evacuates 160 Americans by cruise ship from Israel: report
A Royal Caribbean cruise ship carrying 160 Americans and other foreign nationals arrived at the Mediterranean island of Cyprus on Tuesday, a report says. The Rhapsody of the…
Rolls-Royce: new chief needs steadier engine for long-term growth
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Restructurings at Rolls-Royce are a bit like British…
Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate
Goldman Sachs' third-quarter profit dropped less than expected as a nascent recovery in dealmaking offset the $864 million writedown related to its GreenSky fintech business…
Global warning system essential to beat future pandemics, says Cepi chief
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A “global early warning system” for dangerous viruses is…
Retail sales unexpectedly jump in September as consumers keep spending
Americans picked up their retail spending in September, even as they confronted an uptick in inflation. Retail sales, a measure of how much consumers spent on a number of…
UK subprime lender Amigo plans move into music streaming
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Amigo Holdings, the ailing UK subprime lender currently…
Real estate powerhouse rejuvenates downtown Miami with $1.1 billion investment
Its skyline is recognizably dreamy and serene, but efforts to rejuvenate the Downtown Miami neighborhood have fallen flat – until now. "For those that maybe think that Miami…