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Receive free Amazon.com updates We’ll send you a myFT Daily Digest email rounding up the latest Amazon.com news every morning. The US Federal Trade Commission and 17 states sued Amazon, alleging the online retailer illegally uses monopoly power to overcharge consumers, hobble competitors and exploit sellers on its marketplace. The landmark lawsuit, filed on Tuesday,
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Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. Prime minister Rishi Sunak is considering imposing a complete ban on smoking for the next generation in what would amount to some of the strictest measures to tackle the health problem anywhere in
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Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. Chancellor Jeremy Hunt is planning the biggest shake-up to Individual Savings Accounts in years to persuade more people to take advantage of the tax-free vehicles and use them to back London-listed companies. UK
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Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. Ford has criticised anticipated moves by the UK government to delay its net zero efforts, even as home secretary Suella Braverman attacked previous government commitments as “arbitrary”, “punitive” and “totally unrealistic”. Car manufacturers
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Receive free Arm Ltd updates We’ll send you a myFT Daily Digest email rounding up the latest Arm Ltd news every morning. Arm’s $5bn initial public offering this week was the most expensive in fees for five years, earning a $84mn windfall for the professional services firms that advised it, including Deloitte. The SoftBank-backed chip
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Receive free UK industrial strategy updates We’ll send you a myFT Daily Digest email rounding up the latest UK industrial strategy news every morning. Jeremy Hunt has insisted Britain is not about to adopt Joe Biden’s “subsidy bowl” approach to economic policy, on the day he signed off a £500mn subsidy package for Tata to
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Receive free Arm Ltd updates We’ll send you a myFT Daily Digest email rounding up the latest Arm Ltd news every morning. Shares in SoftBank-backed chipmaker Arm jumped by 10 per cent as it began trading on the Nasdaq exchange on Thursday. Arm opened at $56.10 per share on Thursday afternoon, significantly above the $51
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US inflation exceeded forecasts in August after fuel prices rose, but underlying price pressures eased. The headline rate of consumer prices rose 3.7 per cent year on year, according to the Bureau of Labor Statistics, up from 3.2 per cent in July and higher than consensus forecasts of 3.6 per cent. On a monthly basis,
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BP chief executive Bernard Looney is to resign less than four years into the job, according to two people with knowledge of the decision. Looney, 53, joined BP in 1991 aged 21 and has spent his entire career at the company. The Irish citizen was appointed chief executive in 2020 to transform the oil producer
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The banks underwriting Arm’s $50bn listing will close orders for shares a day earlier than planned due to strong demand for the biggest initial public offering in nearly two years. People familiar with the matter said the IPO for the UK-based chip designer, which is more than five times oversubscribed, will close on Tuesday, instead
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Vietnam has upgraded its relationship with the US to the highest level, bringing the former foes closer in the face of Beijing’s growing assertiveness. The US signed a “comprehensive strategic partnership” with the south-east Asian country on Sunday after President Joe Biden arrived in Hanoi from New Delhi, where he had attended the G20 summit.
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