Business
LVMH bought a €50 million villa in Cannes for brand events
LVMH will use the 12-bedroom property to host exclusive shows and events for its companies, which include Louis Vuitton, Christian ...
Key Trump immigration ally explains how mass deportations could work: ‘A lot of people start leaving on their own’
Kansas Attorney General Kris Kobach expects Trump to take action that will spark a legal challenge over the citizenship status ...
Fed buoys dollar and rattles equity markets
US currency hits two-year high on hawkish forecasts from central bank
Amazon workers will strike at 7 facilities to pressure retail giant for a contract, Teamsters say
The Teamsters say the workers, who authorized strikes in the past few days, are joining the picket line after Amazon ...
The great Guinness shortage has lessons for Diageo
Consumer companies should beware neglecting historic brands in favour of celebrity start-ups
Water bills to rise by 36 per cent after Ofwat review
Industry has pushed for hefty increases to fund infrastructure investment
Dealmakers bet that Trump will fuel mega-deal rebound
Advisers see signs of ‘gangbuster year’ after rebound in deals pushes 2024 activity above $3tn
UK military spending needs to rise to 3.6% of GDP, defence figures show
Amount would far outstrip current 2.5% target and take annual budget above £90bn
FT Person of the Year: Donald Trump
After the most dramatic comeback in modern US history, the president-elect promises a new era of sweeping deregulation and a ...
Trump’s pledges seep into Fed’s outlook
Tariff threats partly to blame for ‘striking’ increase in central bank’s US inflation forecasts, say economists
EY wins first Dax audit client since Wirecard scandal
Big Four firm handed mandate by biotech group Qiagen despite ban on taking on listed German companies
Moody’s downgrades 7 French banks as the country’s debt and political chaos looks set to spill into 2025
Moody’s downgraded the ratings of banks including BNP Paribas and Credit Agricole amid fears over France’s debt situation. Read More
Senate report calls U.S. effort to keep advanced chips away from China and Russia ‘inadequate’
The report argues the Bureau of Industry and Security has been too reliant on U.S. chip makers voluntarily complying with ...
Jeremy Siegel says stock sell-off is healthy as cautious Fed gives investors a ‘reality check’
Wharton’s Jeremy Siegel expects the Fed to pare back the number of rate cuts next year, with just one or ...
Merck snags Chinese obesity drug in nearly $2 billion deal
Merck will gain the exclusive global license for Chinese drugmaker Hansoh’s HS-10535, an experimental oral drug that targets GLP-1 receptors. ...
California declares a state of emergency as a new severe bird flu case was discovered. What it means for the rest of the country
Whether the rest of the nation is willing to follow California’s lead remains to be seen. Read More
Honda threatened Nissan in bid to fend off Foxconn, Nikkei says
Should Foxconn’s approach turn hostile after a rebuff, Honda reportedly offered to protect Nissan as a white knight investor. Read ...
Bank of Japan holds rates at 0.25%, yen weakens
The decision comes a day after the U.S. Federal Reserve cut rates by 25 basis points, bringing the federal funds ...
Luxury safaris are changing — Here’s what affluent travelers want now
Luxury travelers want more from safaris today, pushing the industry to offer experiences that highlight animal conservation efforts and neighboring ...
Jim Cramer explains why the market melted down after the Fed cut rates
Cramer said weak industries like housing and autos are met with rising inflation in food, insurance, healthcare and rent, which ...
Chinese self-driving trucking company pivots to generative AI for video games
Chinese autonomous trucking company TuSimple has rebranded to CreateAI, with a focus on video games and animation, the company announced ...
New Zealand sinks into recession, more rate cuts coming
New Zealand’s economy sank into recession in Q3 amidst plunging activity and slashed output, cementing the case for more aggressive rate ...
Expectations on Fed cuts were the lethal blow to markets
Wednesday’s dramatic sell-off in markets is a stark reminder that forecasts influence stock movements much more than current circumstances.
Google contract staff reach union deal banning keystroke monitoring
Employees voted Wednesday to ratify the deal, which the union said guarantees permanent work-from-home options. Read More
Trump attacks bipartisan bill to keep US government open past Friday
President-elect’s intervention raises odds of federal shutdown ahead of Christmas break
Nissan rolls back diversity policies as activist claims another win
Nissan’s letter echoes similar moves by more than a dozen companies, from rival Toyota Motor Corp. to Walmart Inc. and ...
Billionaire Justin Sun pushed CoinDesk’s new owners to remove banana article, editorial chair Matt Murray resigns
The crypto exchange Bullish purchased CoinDesk in late 2023 for close to $75 million. Read More
Leaked university emails show ivy leagues accepted wealthy students who ‘we would really not have otherwise admitted’, lawsuit says
The final line of an email read: “Sure hope the wealthy next year raise a few more smart kids!” Read ...
‘Dots All Folks’ — BlackRock chief investment officer Rick Rieder calls it a ‘new phase’ of the rate-cutting cycle
Markets turned noses down following hints at fewer cuts in 2025. Read More
Micron shares plunge on weak second-quarter guidance
Micron shares plunged in extended trading after the chipmaker issued weaker-than-expected second-quarter guidance.
