Business

Poor nations are choking on debt — we must grasp the solutions

Political instability and meagre investment hobble large parts of the world

US adds just 12,000 jobs as hurricanes and strikes produce worst report of Biden’s term

October figure far below average forecast of 100,000 job gains and comes just four days before US election

The new CFO of a $2 billion AI firm plans to steer strategy with the CEO

Chris Nagy joins Salesloft as CFO bringing more than 25 years of experience. Read More

FTAV’s Friday charts quiz

Da Chart of Storytellin’ (Pt.1)

Wall Street frets over Big Tech’s $200bn AI spending splurge

The four biggest US internet groups this week showed glimpses of benefits but warned of increased spending

Rachel Reeves defiant after historic tax and spend Budget

Verdict of markets will be critical for UK chancellor’s plans to increase government borrowing

Brian Niccol has to get hold of 200,000 Sharpies so he can bring back a classic Starbucks tradition

“Unfortunately it’s not as simple as going to Staples and picking up some Sharpies,” Niccol said. “That’s the power of ...

The CPO of Pinterest says they’re all-in on flexible work and training their middle managers to lead hybrid teams

Employees love remote options, but there have to be management changes to make it work. Read More

US investment group Ares on course to raise more than $80bn

Credit-focused fund enjoys fastest pace of fundraising as high yields draw investors to private markets

Charities, universities and GPs warn NI tax rise will hit jobs and services

Funding boost will be wiped out by cost of meeting higher employer levy, say contracted service providers and education bodies

Amazon Web Services is minting profits

It’s now a $110 billion cloud business. Read More

Countries seeking to gain an edge in AI should pay close attention to India’s whole-of-society approach

Big Tech has powered the significant U.S. lead in AI development—but it’s concentrated in handful of organizations and geographic regions. ...

More Americans are renouncing their citizenship—who is leaving and why

The ultra-wealthy are joining ‘accidental Americans’ in renouncing their passports Read More

Lux’s Josh Wolfe on launching Lux Labs and making science fiction reality

Lux Capital recently launched Lux Labs, devoted to helping scientific ideas move from labs into real-world business settings. Read More

German bosses are blaming the country’s economic woes on ‘work-shy’ Gen Z calling in sick nearly 20 times a year

Germany’s economy would have grown by 0.5% instead of contracting last year if illness wasn’t so high, researchers say. Read ...

Nomura profits surge as chief takes pay cut over trading scandal

Japan’s biggest investment bank and brokerage beats expectations but is still dogged by controversy

How your business can make the most of abundant computing power in the age of AI

In what novel ways might leaders create, deliver, and capture value? Read More

CEOs on Trump v. Harris

U.S. leaders are more concerned about domestic regulation while their foreign counterparts are worried about tariffs. Read More

Chinese shopping platform Temu hit by EU investigation over illegal products and a ‘potentially addictive design’

Temu has on average around 92 million monthly active users in the European bloc. The investigation could lead to large ...

Huawei is ‘still struggling,’ says founder Ren Zhengfei, as the tech company rebounds from years of sanctions

“Even now, we can’t say we’ve secured survival.” Read More

Boohoo appoints insider as chief executive in snub to Mike Ashley

Fast-fashion retailer names Debenhams chief Dan Finley as its new boss amid row with sportswear tycoon

A New Jersey Gen Zer who isn’t old enough to buy beer is running an $18 million super PAC from his mom’s house

David Austin’s lack of life experience is exactly what sets Forward Blue apart from other Democratic groups trying to target ...

3 ancient foods are the staple of this blue zone’s longevity diet

Bring in the “three sisters” of Nicoya, Costa Rica to your longevity recipe. Read More

Israel’s siege in north Gaza brings war’s ‘darkest moment’

IDF says it is rooting out Hamas militants but rights groups fear strategy is to empty region

Budget poses new challenge for public finances, Moody’s warns

Rating agency also says country still faces muted economic growth

Chipotle tried to beef up its portions—then it hurt profitability

The burrito-bowl chain said it would make up the investment in more rice and pico de gallo with efficiencies in ...

Red flag test: CEO explains why he rejects job candidates who say they can start right away

“They don’t get the job, because they’ll treat us the way they treat that former employer,” Gary Shapiro of the ...

Bangladesh’s unlikely revolutionaries

Young protesters installed Nobel prizewinner Muhammad Yunus as caretaker leader. But time is running out to reform the country’s democratic ...

Sick man of Europe? Germany’s bosses sound alarm on staff illness

Studies claim that fewer sick days would have stopped the country’s economy shrinking last year

The anticipation of a Trump win is sending mortgage rates soaring. Top economists say scorching inflation is very likely to go with it

Rising inflation is what pickled the housing world in the first place. Read More