HONG KONG — A Hong Kong court on Thursday found 14 of 16 pro-democracy activists guilty of conspiring to subvert the state in the Chinese territory’s single largest case under a sweeping national security law imposed by Beijing. Two of the defendants, Lau Wai-chung and Lee…
American Airlines Group Inc. Chief Executive Officer Robert Isom dismissed the carrier’s commercial chief in the wake of a critical report from Bain & Co. about a controversial new marketing system that alienated corporate clients, according to a person familiar…
Shares in workplace software company Salesforce sank 15 per cent in after- market trading on Wednesday on sales and earnings guidance that missed forecasts. Salesforce said it anticipated second-quarter earnings per share of between $1.31 and $1.33 a share, well below a…
Activist investor Nelson Peltz has sold his entire stake in Disney, a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at roughly $120 a share, the person said, making about $1 billion on the…
For the first time in three months, consumer confidence in the economy rose, according to the Conference Board’s monthly report. Two paradoxical groups emerged with the highest levels of confidence: One that’s prone to being insulated from economic anxieties. And…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UAE has been accused of being a leading recipient of tens of billions of dollars worth of gold smuggled…
Daniel Dines, billionaire and co-founder of UiPath Inc., at the automation software company’s offices in Bucharest, Romania, on Thursday, May 20, 2021. Andrei Pungovschi | Bloomberg | Getty Images UiPath shares plunged more than 30% on Wednesday after the software…
Home insurance companies are being battered by a costly combination of severe storms and high inflation. They just had their worst year in a decade, with storms costing their business over $100 billion—and customers are suffering for it in the…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. London mayor Sadiq Khan has joined a Labour backlash against the party’s treatment of veteran MP Diane Abbott after a…
The seal of the US Department of Justice in Washington, DC on March 21, 2024. Mandel Ngan | Afp | Getty Images A global malware network responsible for the theft of $5.9 billion in Covid relief funds and tied to…