Category: Business News

Good morning. Our current geopolitical tensions have finally reached one of the James Bond bottles. Ransomware attack in August o The Stoli Group, which makes the Soviet vodka once known as Stolichnaya, disabled several internal systems and helped push its American subsidiaries into bankruptcy. (No financial data, no debt repayment. No debt repayment…) The company,…

Stay informed with free updates Simply log in to Global inflation myFT summary — delivered straight to your inbox. The OECD has warned central banks against cutting interest rates too quickly, citing the threat posed by “persistent” inflation in service prices. The Paris-based organization said in its latest global outlook that the world economy was…

Bank of America Executive Director Brian Moynihan knows a thing or two about running complex, historic institutions. But his advice on starting a new government efficiency department, DOGE, can fall on deaf ears when it comes to potential project clients: Tesla CEO Elon Musk and politician Vivek Ramaswamy. Musk, in particular, is known to run…

Good morning. As Chief Executive Officer LA28Reynold Hoover has been charged with organizing the 2028 Olympic and Paralympic Games in Los Angeles. Last night I spoke with a retired three-star US Army lieutenant general about his vision and strategy to make the Games sustainable, profitable and bigger than ever. Hoover was our featured guest at…

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. The EU is preparing to deal with a growing flood of parcels from Asian online retailers such as Temu and Shein, following a surge in e-commerce that largely avoids EU customs checks. Measures under consideration include…

Spain has introduced new rules requiring real estate and car rental companies to collect more personal data about their customers, sparking privacy concerns and complaints about excessive bureaucracy. The new system that came into effect on Monday requires hotels, campsites and other accommodations, as well as travel and car rental agencies to provide “specific” information…

The British government said Wednesday it had agreed to a partnership with Qatar that would see the Gulf state invest 1 billion pounds ($1.3 billion) in climate technologies. “The partnership is expected to create thousands of high-skilled jobs over its lifetime and will lead to the launch of world-leading climate technology hubs across the UK…

The US government announced on Tuesday that it had closed the investigation into E. coli outbreak attached to McDonald’s Quarter Pounder hamburgers after it was determined that there was no longer a safety risk. The outbreak, which was first published on October 22sickened at least 104 people in 14 states, including 34 who were hospitalized,…

Attorney General of New York Letitia James announced that her office recovered $4.8 million for distribution nationwide to more than 28,000 consumers. SmileDirectClub illegally billed those customers after it went out of business, James said. “Dental care is expensive and SmileDirectClub promised customers they would provide affordable, quality care without a price tag, but instead,…

Federal authorities on Tuesday urged telecommunications companies to step up network security in the aftermath widespread Chinese hacking campaign which gave officials in Beijing access to the private messages and telephone conversations of an unknown number of Americans. The guidelines issued by the FBI and the Cybersecurity and Infrastructure Security Agency are intended to root…