Category: Business News

Just six hours passed between South Korean President Yoon Suk Yeol’s declaration of a state of emergency on Tuesday night and his subsequent fall, leaving the East Asian country in political turmoil. As a hardline chief prosecutor who served under Moon Jae-in, his leftist predecessor as president, Yoon oversaw the jailing of former conservative president…

Stay informed with free updates Simply log in to UK Energy myFT summary — delivered straight to your inbox. French state-owned energy giant EDF will keep Britain’s four aging nuclear power stations open longer than planned, in a bid to boost the UK’s energy security. The company said the two stations currently due to close…

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Activist investor Palliser Capital has stepped up its campaign for Rio Tinto to leave its primary London stock exchange, demanding an independent review of whether the miner should follow rival BHP and unify its corporate structure…

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. South Korean officials stepped in to shore up support for the country’s financial markets as investors braced for political uncertainty following President Yoon Suk Yeol’s failed attempt to impose a state of emergency. Kim Byung-hwan, head…

Europe is a hub of global business that offers a dynamic mix of innovation, talent and quality of life. From established economic centers to emerging hubs, the continent is a rich landscape for entrepreneurs, investors, startups and corporations. The 2024 edition of Fortune’s Best Cities in Europe for Business highlights the 50 largest centers that…

Tony’s Chocolonely had an unusual start to life. It all started when Dutch journalist Teun van de Keuken, or “Tony”, came forward as a “chocolate criminal” in 2003. His crime? Paying for chocolate that used exploitative practices along the cocoa tree value chain. After the trial, he was found not guilty of said crime, but…

If he had continued working on fuel-powered cargo ships, Yann Jourdan reckons he’d be earning perhaps four times what he’s earning now as the captain of the sailing yacht he uses instead. clean wind energy for transporting goods across the Atlantic. But the hit to Jourdan’s salary brings him peace. When his three-year-old son Marcel…

Delaware Court Judge rejected this week Tesla CEO Elon Musk’s attempt to restore his pay package, now valued at $100 billion. But another denial followed: The lawyers who successfully argued that Musk’s salary was illegal and should be overturned sought $5.6 billion for their efforts. The judge didn’t really bite. However, they fared slightly better…

Cryptocurrencies representing a euthanized gray squirrel, a small Thai hippopotamus and a cartoon dog have exploded in value since last month’s US presidential election, while Donald Trump’s victory sparked a wave of speculation about so-called memecoins. The market for tokens that represent Internet viral moments has expanded rapidly since early November as traders bet that…

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. The owner of Claridge Maybourne plans to almost triple the number of hotels in the next decade, expanding to Paris, New York, Miami and Dubai to meet growing demand for luxury travel. The company, which owns…