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UK economy sheds jobs for fifth consecutive month in June
Stay informed with free updatesSimply sign up to the UK employment myFT Digest -- delivered directly to your inbox.UK payroll employment fell for the fifth consecutive month in June and wage growth slowed, in the latest sign that the...
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Alimentation Couche-Tard drops its $46bn pursuit of 7-Eleven owner
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Canada’s Alimentation Couche-Tard has withdrawn its record-breaking $46bn proposal to acquire Japan’s Seven & i Holdings, bringing an end to its...
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Michigan fails in bid to build semiconductor manufacturing plant, Whitmer blames ‘massive economic uncertainty’
Plans to build a semiconductor manufacturing plant in Michigan have fallen through and Democratic Gov. Gretchen Whitmer said Wednesday that “massive economic uncertainty” is to blame.Bringing the company to Michigan was a key goal for Whitmer, a Democrat and...
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Trump brokers deal for Coca-Cola to use ‘REAL Cane Sugar’ in U.S. Coke products
Coca-Cola will soon return to using real cane sugar in its U.S. products after decades of relying on high fructose corn syrup, according to none other than President Donald Trump, who claimed personal credit for brokering the shift. In...
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Citi’s new banking chief steps up poaching of JPMorgan dealmakers
Stay informed with free updatesSimply sign up to the Investment Banking myFT Digest -- delivered directly to your inbox.Citigroup is stepping up its poaching of senior dealmakers from JPMorgan, signalling the ambitions of its new banking chief Viswas Raghavan...
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Siemens’ CTO says AI can help address the U.S. manufacturing industry’s big skills gap
A key policy goal of President Donald Trump’s administration is bringing jobs back to American factories, though the effort has been mired in a years-long slog despite support from both Democratic and Republican administrations. But even beyond the challenge of...
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Gaza stampede at GHF aid site kills at least 20
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.At least 20 Palestinians were killed on Wednesday as thousands of hungry people tried to reach food at a distribution site...
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Forget quiet quitting—instead, millennials are taking ‘quiet vacations’ and checking out of work (and the country) on company dime
It feels like just yesterday that “quiet quitting” was plaguing workplaces. But with summer firmly here, it’s “quiet holidays” or “quiet vacationing” that bosses need to be on the lookout for. Like quiet quitting—where employees mentally check out of their...
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UK inflation unexpectedly rises to 18-month high of 3.6%
Stay informed with free updatesSimply sign up to the UK inflation myFT Digest -- delivered directly to your inbox.UK inflation unexpectedly rose to an 18-month high of 3.6 per cent in June, in a setback for the Bank of...
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Trump’s DOJ sues to oust Hollywood movie CEO and 2 others from broadcasting board using medieval legal tool
The Trump administration on Tuesday advanced the struggle for control of the Corporation for Public Broadcasting, suing to remove three board members. The trio includes Tom Rothman, the longest-reigning movie boss in Hollywood as chairman and CEO of Sony...
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Walmart stabbing suspect faces terrorism charges in mass attack at Michigan store
A 42-year-old man is facing charges of terrorism and assault with intent to murder after 11 shoppers were stabbed...