Business

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Richemont’s sales fall as the pain of China’s luxury industry drags on
3 weeks ago

Richemont’s sales fall as the pain of China’s luxury industry drags on

Owner Cartier said weaker consumer spending in China was weighing on sales as the luxury goods downturn is hurting most…
Fund manager Terry Smith’s salary falls to £28m
3 weeks ago

Fund manager Terry Smith’s salary falls to £28m

Unlock Editor’s Digest for free Roula Khalaf, FT Editor, picks her favorite stories in this weekly newsletter. Terry Smith, one…
Millennials’ midlife crisis looks different from their parents’ sports cars and lovers – it’s a ‘crisis of purpose and belonging’
3 weeks ago

Millennials’ midlife crisis looks different from their parents’ sports cars and lovers – it’s a ‘crisis of purpose and belonging’

Buying sexy sports cars, changing your hairstyle and finding a lover were once classic signs of a midlife crisis –…
Monte dei Paschi di Siena posts quarterly fee growth beat
3 weeks ago

Monte dei Paschi di Siena posts quarterly fee growth beat

The Italian lender reported third-quarter net profit and revenue growth that beat expectations, led by higher fee and commission income.
Netanyahu claims his office is target of ‘organized witch hunt’
3 weeks ago

Netanyahu claims his office is target of ‘organized witch hunt’

Unlock Editor’s Digest for free Roula Khalaf, FT Editor, picks her favorite stories in this weekly newsletter. Israeli Prime Minister…
Chinese economy: Foreign businesses withdraw money as growth slows
3 weeks ago

Chinese economy: Foreign businesses withdraw money as growth slows

Foreign companies withdrew more money from China last quarter, a sign that some investors remain pessimistic even as Beijing rolls…
IAG’s earnings soared above market views on strong demand
3 weeks ago

IAG’s earnings soared above market views on strong demand

The owner of British Airways said earnings rose above expectations as solid demand fueled revenue growth.
Sudan’s sole caretaker protects ancient treasures from looting
4 weeks ago

Sudan’s sole caretaker protects ancient treasures from looting

The sole custodian of the pyramids at Meroë, the ancient capital of the ancient Kingdom of Kush, stands alone between…
FTX sues Scaramucci to recover money SBF invested in ostentatious investments
4 weeks ago

FTX sues Scaramucci to recover money SBF invested in ostentatious investments

FTX has filed a lawsuit against Anthony Scaramucci and his hedge fund SkyBridge Capital as part of a broader effort…
Atos launches a capital increase of 252 million USD
4 weeks ago

Atos launches a capital increase of 252 million USD

The struggling IT company said it will issue new shares in its latest move to reduce debt.