Category: Uncategorized
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Vodafone and Three offer UK regulator new concessions on £16.5bn merger
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Vodafone and CK Hutchison’s Three UK have offered to limit price increases on some phone tariffs as they try to win approval for their £16.5bn domestic merger from the UK competition watchdog. The companies reiterated…
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Wizz Air CEO says passengers will ‘suffer the pain’ of new 8-hour budget flights
Budget airline Wizz Air, routinely ranked as the worst airline in the U.K., is betting its customers will “suffer the pain” of grueling long-haul budget flights as it introduced a new Airbus fleet capable of eight-hour journeys. Speaking as it unveiled a new set of Airbus A321 XLR light-body aircraft, Wizz Air CEO József Váradi…
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Angry Amazon employees are ‘rage applying’ for new jobs after Andy Jassy’s RTO mandate
Laura was working from home when her husband forwarded her a link to the news: Amazon tells employees to return to office five days a week. It was the first time the working mom, who has been with Amazon for over four years, learned she would need to add another four hours to her weekly…
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Kamala Harris is closing in on the perfect economic message—but the left’s price-gouging exaggerations could undermine it
Following her latest economic policy speech, Vice President Kamala Harris and Stephanie Ruhle discussed Harris’s economic plan, including her controversial pledge to pass a new federal law against price gouging. When pressed on how this matches her belief in the capitalist system, the Vice President responded, “I am never going to apologize for going after companies and…
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Stellantis becomes second carmaker to issue profit warning in 4 days as China rivalry bites
Stellantis, the parent company behind Detroit brands Jeep, Ram and Chrysler, slashed its forecast for the full year on Monday in the latest alarm for a global car industry rocked by crisis. Shares in the Netherlands-domiciled group tumbled roughly 15% in trading in Europe, and were set for a similarly rough opening in U.S. trading,…
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Bitcoin and crypto stocks sink after last week’s rally
Bitcoin. Nurphoto | Getty Images Bitcoin and crypto stocks retreated on the final trading day of September, following a rally last week, but are still poised to post a positive month. The flagship cryptocurrency was last lower by 3.5% at $63,612.63, after briefly reclaiming the $65,000 level last week, according to Coin Metrics. Crypto stocks…
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Chinese stocks are on fire, and this sector is poised to benefit
The Chinese stock market just had its best single day in more than a decade. The mainland CSI 300 index surged 8.5% on Monday , its biggest one-day gain since September 2008. That pushed the benchmark to its highest level since August 2023. It’s also the last trading day of the week in China due…
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Ford EV benefits program aims to boost sales
The Mustang Mach-E on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor is aiming to boost sales of its electric vehicles by addressing potential customer concerns through a new program that includes free home-charging installation and other benefits. The “Ford Power Promise” program…
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‘No challenges can stop China’s progress’ Xi Jinping says in 75th anniversary speech
China’s President Xi Jinping speaks during an awards ceremony at the Great Hall of the People in Beijing on Sept. 29, 2024, ahead of China’s National Day. Adek Berry | Afp | Getty Images BEIJING — Chinese President Xi Jinping said Monday that no challenges can stop the country from moving forward and reiterated Beijing’s…
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Iran’s response to Israel is a choice between revenge and survival
Iran’s Supreme Leader Ayatollah Ali Khamenei waves before voting in the country’s presidential election, in Tehran, Iran July 5, 2024. Office Of The Iranian Supreme Le | Via Reuters Iran’s powerful proxy network across the Middle East is being dealt blow after blow from Israel, which has dramatically escalated fighting with Lebanese militia group Hezbollah…