Business

‘We’re eating ourselves’: big money turns football into legal battlefield

Vast sums underpinning top competitions have sparked outbreak of ‘lawfare’ that could reshape the sport

Luxury, defence and construction companies bit by French tax hike

Chief executives warn that Michel Barnier’s plan will reverse Emmanuel Macron’s business-friendly reforms

How does private equity’s carried interest work?

The lower-taxed performance fee has helped buyout firms’ executives amass personal fortunes

Gelato Godfather: Inside the Sicilian ice cream empire built on mafia money

Over two-thirds of mafia infiltrations are in the construction, trade, real estate and manufacturing sectors. Read More

Japan votes in closest election in years as LDP faces ‘major headwind’

Loss of outright majority could impair Shigeru Ishiba’s ability to push through reform

In this election cycle, ‘bond vigilantes’ are voting too—and they don’t like what they see

“The next administration will face net interest outlays of over $1 trillion on the ballooning federal debt.”  Read More

AI is being used to send some households impacted by Helene and Milton $1,000 cash relief payments

The nonprofit GiveDirectly harnesses a Google-developed AI tool to pinpoint areas with high concentrations of poverty and storm damage. Read ...

Trump, Harris tied with 49% each in new national Emerson poll

The latest poll shows a slight change from early October, when Harris had 50% support among likely voters compared with ...

Britcoin will not replace cash, BOE Governor Bailey says

Work has started on a digital version of the pound, dubbed Britcoin, but the BOE has yet to decide whether ...

Harris enlists Michelle Obama to help rebuild momentum in final stretch

Democrats make direct appeal to women as popular former first lady appears with vice-president in Michigan

US approves sale of this advanced missile defense system to Taiwan in $2 billion arms package

The potential sales package includes three National Advanced Surface-to-Air Missile Systems (NASAMS) and related equipment. Read More

Commonwealth leaders agree to consider reparations for historic slavery

Pledge comes despite British efforts to prevent the issue from being mentioned in official communique

Top pollster identifies the moment that could cost Kamala Harris the election as ‘everything froze’

“She had the best 60 days of any presidential candidate in modern history,” Frank Luntz said. Read More

Iran signals it will not retaliate immediately after Israel attack

Armed forces say Tehran will respond at ‘appropriate time’ but emphasise importance of Gaza and Lebanon ceasefire

Trump tells Joe Rogan he supports getting rid of income taxes and instead relying on tariffs—’Yeah, sure, but why not?’

Trump has also teased eliminating taxes on tips, overtime pay, and Social Security payments, as well as exemptions for the ...

Musk gives at least $132 million to elect Trump, GOP allies

That level of giving has vaulted him into the upper echelon of political donors, making Musk one of the most ...

Israel’s limited attack on Iran may help foster a regional deal

Israel’s restraint on Saturday allowed Iran to dismiss it as ineffective, possibly setting the stage for a restrained response or ...

Russian actors made fake video depicting mail-in ballots for Trump being destroyed, FBI says

Officials said it’s part of “Moscow’s broader effort to raise unfounded questions about the integrity of the U.S. election and ...

OpenAI’s transcription tool hallucinates more than any other, experts say—but hospitals keep using it

Whisper invented a non-existent medication called “hyperactivated antibiotics” and added extra commentary on race. Read More

Beets are an underrated superfood with 4 surprising health benefits

They’re ranked among the top 10 most potent antioxidant vegetables.  Read More

Companies’ earnings reports increase volatility of US stocks

Share prices swing as high valuations and uncertain outlook put investors on edge

This 30-second balance test can help tell you how well you’re aging

Single-leg balance showed the steepest decline with age in a new study. Read More

Middle East awaits Iran’s move after Israeli air strikes shake Tehran

With each escalation, the spectre of all-out war looms ever larger

A French whale has bet $45 million on a Trump win so far. Who is this person?

The trader has made hundreds of gambles in favor of Trump and against Kamala Harris. Read More

How much is Kamala Harris worth? It’s millions—but the source isn’t politics

The Democratic nominee has amassed a healthy fortune through none other than the waning pension and LA real-estate Read More

Musk’s X to undershoot revenue goals from political advertising

Social media platform has raised a fraction of $100mn target and mainly from Trump and Republicans

‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’

“We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.” ...

The rapid descent of Southwest Airlines: How the company plunged from customer cult-favorite to activist investor target

Southwest was a customer darling. But ‘active inertia’ hobbled the stock and precipitated a leadership crisis. Read More

9.5% of CEOs are ‘Supercommuters.’ But they tend to underperform—especially if they own a boat or live near a golf course

Boards that want to hire a CEO who refuses to live anywhere near company headquarters should remember they’ll be betting ...