A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen plunged about 20% in extended trading Tuesday after the salad chain lowered its 2022 forecast. The restaurant company also said it laid off 5% of its support center […]
The slaying of four Muslim men in New Mexico had sparked fear among Muslim-American communities across the country. The Albuquerque Police Department has said it detained a “primary suspect” in the recent murder of four Muslim men in the US state of New Mexico. The police announced the arrest on Twitter on Tuesday after the […]
Advertisement The G-7 countries that met a month ago for the Leaders’ Summit in Germany formally launched the Partnership for Global Infrastructure and Investment (PGII). The PGII is an infrastructure initiative to fund connectivity projects in developing countries and is seen as a counter to China’s Belt and Road Initiative (BRI). U.S. President Joe Biden […]
Inflation has stressed out American consumers for several months now, but some recent signs show that it might be slowing down. That’s not the case in the U.K, where inflation is even higher than it is in the U.S., and intersecting with other crises. High prices, when combined with political instability resulting from former Prime […]
DAKAR, Senegal — It is a struggle that communities across the world have faced: stopping companies from grabbing their lands, polluting their environment and forcing them to relocate. When a major investor sees an opportunity to profit from a mine or large-scale agriculture, long-established ways of life, and even land ownership rights, often prove to […]
The writer is co-founder of Centerview Partners The US economy is slowing down. The main dispute among economists is whether we are in for a soft landing or a hard one, and the pessimistic perspective has dominated headlines. But while it is clear that we are in for a difficult period ahead, there is also […]
Sanjay Mehrota, CEO, Micron Scott Mlyn | CNBC Micron announced Tuesday it will invest $40 billion between now and 2030 to manufacture chips in the U.S. The investment is supported by grants and credits from the CHIPS and Science Act, which President Joe Biden will sign on Tuesday. Micron said it will create up to […]
Serena Williams won her 23rd Grand Slam singles title at the Australian Open in 2017 Serena Williams has suggested she is set to retire from tennis, saying she will be “evolving away” from the sport after the US Open. Writing for Vogue,external-link the American 23-time Grand Slam singles champion said she is moving towards “other […]
Pacific Money | Economy | Southeast Asia The strong track record of the bank’s leadership, and the broader optimism about the future of digital banking in Indonesia, have combined to raise investors’ expectations. Advertisement Bank Jago is an Indonesian bank that primarily offers digital banking services. It is also one of Indonesia’s most valuable publicly traded companies, with a […]
When the FBI searched Donald Trump’s Florida home Monday evening, the former President called the investigation an “assault” and “political targeting” in a statement. Trump isn’t the only one to have had strong feelings about the search. Michael Burry, the investor who rose to fame for being one of the first to predict and profit […]
Issey Miyake, who built one of Japan’s biggest fashion brands and was known for his boldly sculpted, signature pleated pieces, has died. He was 84. Miyake died on August 5, 2022, of cancer, Japanese media reports said on Tuesday. Miyake defined an era in Japan’s modern history, reaching stardom in the 1970s among a generation […]
This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morning Good morning. Federal agents searched the Florida residence of Donald Trump last night — a significant step by prosecutors regarding the former president’s handling of […]
Investors should eschew chasing recent rallies in stocks and bonds given the current economic uncertainty, according to the chief investment officer of Swiss asset manager Prime Partners. Francois Savary said it was hugely difficult to have clear economic visibility due to the particulars of the current investment cycle, such as the Covid-19 recovery and the […]
INTERNATIONAL An article on Sunday about safety fears over fighting around a nuclear power plant in southern Ukraine misspelled the name of the Ukrainian state nuclear company. It is Energoatom, not Enerhoatam. NATIONAL An article on Friday about the arrest of former Puerto Rico Governor Wanda Vázquez for corruption charges misattributed this quotation: “Not even […]
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. It’s Katie here again, taking my turn to fill in for Rob while he’s sipping piña coladas in his favourite Birkenstocks. Last week I said readers could say hi […]
Last year, it seemed that President Joe Biden’s policy agenda would never come to pass after his multi trillion-dollar Build Back Better package failed to make it through Congress. His original plan included sweeping provisions targeting climate change, healthcare expansion, and tax reform. With opposition from two centrist Democrats in an evenly divided Senate, the […]
American Airlines will be the first to take possession which could be as early as Wednesday. The United States government has approved the delivery of the first Boeing 787 Dreamliner — nearly two years after production defects drew scrutiny and halted deliveries — clearing the way for American Airlines to take possession, the Reuters news […]
Advertisement If it wasn’t clear before COVID-19 hit, it is now apparent that Xi Jinping, China’s top leader, does not prize economic growth above social and political factors. In fact, growth appears to be further down on China’s agenda than it has been in several decades. We can conclude this since China is still following […]
Some 49% of Singaporeans say they are considering Japan for their next vacation abroad, according to the market research firm YouGov. Interest may be even higher among young citizens. Some 68% of Singaporeans aged 16 to 24 years old indicated they are considering Japan for their “next vacation,” compared to 37% of those aged 55 […]
As Russia began its invasion of Ukraine in February, Viktor Petrenko, one of Ukraine’s most visible Olympic champions, posted the message “NO WAR” to his Instagram account. Days later, Petrenko’s daughter said her father had been stranded in Kyiv, Ukraine’s capital, where he was taking shelter after returning from a commemoration of his 1992 Olympic […]
UK consumer spending defied talk of recession in July, data from industry bodies showed on Tuesday, but it still failed to match the pace of overall inflation. The value of UK retail sales grew 2.3 per cent in July compared with the same month a year ago, according to figures produced for the British Retail […]
Former President Donald Trump said in a lengthy statement Monday that the FBI was conducting a search of his Mar-a-Lago estate. The circumstances were not immediately clear. Spokespeople for the FBI and the Justice Department did not return messages seeking comment Monday evening. “After working and cooperating with the relevant Government agencies, this unannounced raid […]
China’s massive economy is being threatened by a real estate debt crisis the likes of which has never been seen. Just months before Xi Jinping is to be ushered into a historic third term in office, banks are failing, and protesting property investors are withholding mortgage repayments because developers have not finished building their homes. […]
Advertisement The Diplomat author Mercy Kuo regularly engages subject-matter experts, policy practitioners, and strategic thinkers across the globe for their diverse insights into U.S. Asia policy. This conversation with Dr. Craig Kennedy — historian and energy commentator at the Davis Center of Russian and Eurasian Studies at Harvard University, former international finance executive at Morgan […]
Democratic lawmakers celebrated on Sunday as the Senate narrowly passed sweeping economic and climate change legislation following a 51-50 party-line vote. The bill, called the Inflation Reduction Act, now heads to the House where it’s expected to pass, and then likely on to President Joe Biden’s desk for signing. Although the bill has “inflation […]
Russia says it’s halting inspections under the New START treaty, but it remains committed to all provisions of the treaty. Russia said it was suspending United States on-site inspections under a strategic arms control treaty with Washington, pointing to Western sanctions and coronavirus infections, adding that Moscow remains committed to all provisions of the treaty. […]
Boris Johnson has rejected calls to draw up an emergency response to the cost of living crisis during his final weeks as prime minister, with Downing Street insisting big fiscal decisions must be taken by his successor. The CBI employers federation on Monday joined calls by Gordon Brown, former Labour prime minister, for Johnson to […]
Mark Cuban, the billionaire Dallas Mavericks owner and avid crypto enthusiast, is not sold on the metaverse. “The worst part is that people are buying real estate in these places. That’s just the dumbest shit ever,” he told the crypto-themed YouTube channel Altcoin Daily this past weekend. Cuban’s comments come as the hype surrounding the […]
They lived in an abandoned house in a forest next to a small village. They survived on mushrooms and berries. And it took months after the Russian Army retreated for the Ukrainian police to finally capture them. Or so the story went. At least four Ukrainian news media outlets and countless people on social media […]
Relatives of passengers of the Tara Air turboprop Twin Otter plane that went missing wail outside the airport in Pokhara, Nepal, May 29, 2022. Credit: AP Photo/Yunish Gurung Advertisement On August 3, the U.N. aviation watchdog, the International Civil Aviation Organization (ICAO), formally asked the Nepali government to split the Civil Aviation Authority of Nepal […]
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