Business

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Ukrainian drones attack Russian airport as Kyiv pursues incursion

Ukrainian drones attack Russian airport as Kyiv pursues incursion

Ukrainian drones have attacked a military airport in Russia’s Lipetsk region and detonated a large amount of ammunition, while Moscow…
Colin Huang, founder of Temu’s parent company, is now China’s richest man

Colin Huang, founder of Temu’s parent company, is now China’s richest man

After a number of successful ventures in the gaming and e-commerce industries, Colin Huang fell ill and retired. At one…
Warner Bros. Discovery posts nearly $10 billion loss

Warner Bros. Discovery posts nearly $10 billion loss

The loss included a $9.1 billion impairment charge related to the decline in the value of its linear networks.
Palantir enters partnership with Microsoft to sell AI to US defense

Palantir enters partnership with Microsoft to sell AI to US defense

Alex Karp, chief executive officer of Palantir Technologies Inc., walks to a morning session at the Allen & Co. Technology…
Rheinmetall accumulates record orders amid Ukraine and Gaza wars

Rheinmetall accumulates record orders amid Ukraine and Gaza wars

Unlock Digest Editor for free FT Editor Roula Khalaf picks her favourite stories in this weekly newsletter. Rheinmetall has amassed…
Steve Mnuchin calls for phasing out the 20-year Treasury note he reintroduced

Steve Mnuchin calls for phasing out the 20-year Treasury note he reintroduced

A quick glance at the U.S. bond curve tells you something is wrong. One Treasury security—the 20-year bond—is standing apart…
Massive fire caused by Mercedes-Benz electric car raises safety concerns for industry

Massive fire caused by Mercedes-Benz electric car raises safety concerns for industry

A fire in South Korea has sparked debate over whether electric vehicles should be allowed in the country’s popular underground…
What Wall Street is watching

What Wall Street is watching

Investors want to know if Eli Lilly is seeing the same pricing pressure on its hit weight-loss drug Zepbound that…
Italy doubles tax on wealthy foreigners amid locals complaining about high prices

Italy doubles tax on wealthy foreigners amid locals complaining about high prices

Unlock Digest Editor for free FT Editor Roula Khalaf picks her favourite stories in this weekly newsletter. Italy has doubled…
Preparing For A Recession

Preparing For A Recession

In the face of an impending recession, a wave of unease often sweeps over us. It’s a term that conjures…