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Business
McCarthy’s ouster as speaker fuels uncertainty as renewed shutdown threat looms
The House of Representatives on Tuesday voted to oust Rep. Kevin McCarthy, R-Calif., as speaker, throwing the chamber into disarray and fueling uncertainty over Congress’…
Rishi Sunak runs the gauntlet with plan to axe northern leg of HS2
Rishi Sunak will on Wednesday seek to convince Britain that he is the “change candidate” at the next general election, but the prime minister’s plan to shred the country’s flagship…
Spotify makes audiobooks free to paid subscribers
Spotify plans to offer subscribers up to 15 hours of free audiobooks each month, an attempt to better compete with Amazon.com-owned rival Audible and find a path to…
Hedge funds Millennium and Schonfeld in advanced partnership talks
Receive free Hedge funds updatesWe’ll send you a myFT Daily Digest email rounding up the latest Hedge fundsnews every morning.Millennium Management is in advanced talks to put…
Starbucks closing 7 downtown San Francisco stores
Coffee giant Starbucks is shrinking its footprint in downtown San Francisco following the announcement that it plans to close seven stores in the city's center even as it…
China’s electric vehicles threaten to leave Europe in the dust
Receive free Inside Business updatesWe’ll send you a myFT Daily Digest email rounding up the latest Inside Businessnews every morning.The best-selling budget electric car in China…
Judge says Elon Musk can be sued for Twitter securities fraud
A federal judge has denied billionaire Elon Musk's request to dismiss a proposed class-action lawsuit alleging he defrauded Twitter investors before buying the company last…
Jeremy Hunt pushed for HS2 rail line to end in central London
Receive free HS2 updatesWe’ll send you a myFT Daily Digest email rounding up the latest HS2news every morning.UK chancellor Jeremy Hunt launched a successful rearguard action to…
Bipartisan committee urges NBA to ban Chinese products made by forced labor
NBA Commissioner Adam Silver was sent a letter on Friday by a bipartisan congressional commission that called for the league to ban the use and sale of shoes and other apparel…
FirstFT: US sanctions China-based network accused of fentanyl production
Receive free Global Economy updatesWe’ll send you a myFT Daily Digest email rounding up the latest Global Economynews every morning.Good morning. The US Treasury has put sanctions…