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Business
Bumble announces major layoffs affecting 30% of employees as company restructures
Bumble Inc. disclosed Wednesday that it will cut its workforce by 30%. The move comes as the dating app company seeks to realign its operating structure to "optimize execution…
Luxury credit card arms race is a sign of the times
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.American consumers are tapped out. From fast food to…
Your DoorDash order might arrive from the sky as drone deliveries take off
Your next order from DoorDash might not come via a delivery driver on an electric-powered delivery bike. It could get delivered by air. In recent years, companies such as…
New FDI projects in the UK fall to record low
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The number of foreign direct investment projects in the…
Federal judge rejects Trump admin's move to monitor border financial transactions
A federal judge in Texas granted temporary relief to two small money service businesses operating along the U.S.-Mexico border from having to enforce a Trump administration…
Early intelligence suggests Iran’s uranium largely intact, European officials say
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Preliminary intelligence assessments provided to European…
US economy shrank 0.5% in the first quarter of 2025 amid tariff uncertainty
The U.S. economy contracted in the first quarter as tariffs caused importers to surge shipments before higher levies took effect. The Commerce Department's Bureau of Economic…
Ed Miliband set to reject £24bn plan to bring power from Morocco to UK
Stay informed with free updatesSimply sign up to the Renewable energymyFT Digest -- delivered directly to your inbox.The UK government is set to reject a £24bn project to bring…
Popular chicken finger chain quietly launches massive expansion across America
Raising Cane’s, a popular fast-food chain specializing in chicken fingers, is continuing to increase its restaurant count. Three new Raising Cane’s restaurants began serving…
Can hydropower keep the lights on?
Welcome back to Energy Source, coming to you from a sweltering New York.It turns out war in the Middle East isn’t enough to save the oil industry from the threat of $50…