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Business
Citigroup outlines process for layoffs, reassignments in memo
Citigroup managers are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off during its biggest reorganization in decades,…
FirstFT: Sam Bankman-Fried painted as ‘cartoon villain’, his lawyer says
Receive free Global Economy updatesWe’ll send you a myFT Daily Digest email rounding up the latest Global Economynews every morning.Good morning. We begin today with the hotly…
Biden administration approves $9B in student loan forgiveness for an additional 125K borrowers
The Biden administration announced Wednesday that an additional 125,000 student loan borrowers would receive a portion of $9 billion in additional debt forgiveness. The relief…
Oil plunges $5 in biggest one-day drop in more than a year
Receive free Oil updatesWe’ll send you a myFT Daily Digest email rounding up the latest Oilnews every morning.Oil prices plunged by more than $5 a barrel on Wednesday over…
Clorox says cyberattack will impact first-quarter net sales, earnings
Clorox revealed Wednesday how much it anticipates the cyberattack that the company recently experienced will weigh on its first-quarter financial performance. Its latest…
China jitters turn private equity investors towards India and Indonesia
Investors disappointed by China’s slow recovery and lack of new growth drivers are turning to India and south-east Asia for deals, even as experts warn they face a steep learning…
LARRY KUDLOW: Most sane people wish this Speaker McCarthy motion-to-vacate episode didn’t happen
For sure, most sane people wish this Speaker McCarthy motion-to-vacate episode didn't happen. Most sane people know that the eight Republican votes to remove Mr. McCarthy were…
Malaysia aims for chip comeback as Intel, Infineon and more pile in
Ng Kok Tiong has been working in the semiconductor industry for 34 years and in all that time, the Kuala Lumpur native says, he has never seen the kind of activity in Malaysia that…
NASA Apollo 16 mission item hits auction market, expected to go for nearly $750K
Duke spoke with RR Auction about the mission — and how he used the scoop to his advantage. "I had to pick up a rock that was probably the size of a watermelon, and I could not…
The HS2 rail line: what has been cut and what will replace it?
Rishi Sunak’s decision to cancel the northern leg of the HS2 railway has ended the UK’s ambition to build a high speed line linking northern and southern cities along the spine of…