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1183 posts

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Business

Business

Maersk to cut at least 10,000 jobs as shipping boom ends

By Press Room
November 3, 2023
1 Mins read
Business

Walgreens is cancelling corporate bonuses as big pharmacies face increasing difficulties

By Press Room
November 3, 2023
4 Mins read
As financial pressures mount on Walgreens, the nation’s largest drugstore chain, the company said it will cancel bonuses this year for its…
Business

Qantas admits ‘loss of trust’ after investor backlash over pay

By Press Room
November 3, 2023
2 Mins read
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shareholders in…
Business

Blockbuster weight-loss drugs boost pharmaceutical companies Novo Nordisk and Eli Lilly

By Press Room
November 3, 2023
1 Mins read
As prescriptions for weight-loss and diabetes drugs skyrocket, so too has revenue for drugmakers Novo Nordisk and Eli Lilly. On Thursday, Novo…
Business

IMF raises alarm over ‘contagion’ from private capital in life insurance

By Press Room
November 3, 2023
2 Mins read
Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. The IMF…
Business

First UAW vote at Ford is overwhelmingly in favor of ratifying deal

By Press Room
November 3, 2023
2 Mins read
The first United Auto Workers union vote by rank-and-file members was 82% in favor of the tentative labor deal that ended the…
Business

Sam Bankman-Fried takes the stand

By Press Room
November 3, 2023
1 Mins read
Reporter Joshua Oliver joins us just hours after the closing arguments of the fraud trial of Sam Bankman-Fried, founder of the FTX…
Business

White House calls on Fox News to apologize after top host’s ‘sickening’ Islamophobic rant

By Press Room
November 3, 2023
2 Mins read
Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving…
Business

What the end of Japan’s yield curve control experiment means for markets

By Press Room
November 3, 2023
4 Mins read
Ever since the Bank of Japan embarked on a huge bond market experiment in 2016, one of the biggest questions among investors…
Business

35,000 workers across 18 casinos will strike on Nov 10 if deal isn’t reached

By Press Room
November 3, 2023
1 Mins read
The Culinary Workers Union Local 226 and Bartenders Union Local 165 will strike on November 10 at 5 am PT if a…
Business

Elon Musk tells Rishi Sunak AI will render all jobs obsolete

By Press Room
November 3, 2023
2 Mins read
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Elon Musk…
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