About a decade ago, Xi Jinping, China’s president, had a dream: to turn the country into a global soccer powerhouse. That ambition was quickly backed by action and money. Chinese conglomerates poured money into the country’s domestic league, even attracting…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak will on Tuesday announce a £2.4bn tax cut for pensioners, in a move intended to shore up the…
Mixetto | E+ | Getty Images If you’re self-employed, hiring your kids could provide tax benefits — provided you follow labor laws and IRS rules, experts say. Small businesses hiring their own children is a popular topic among social media…
In the week of May 13 to 17, the shares of GameStop, AMC, BlackBerry, and other companies soared and then plummeted—all fueled by Keith Gill, known online as Roaring Kitty. The finance influencer who was at the heart of the…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writers are the president of France and the chancellor of Germany In a few weeks, we Europeans will start…
It may be the highest-stakes popularity contest in history. Friends and foes of tech billionaire Elon Musk are in the middle of a two-month battle over whether to reinstate a record $56 billion pay package for the Tesla CEO, months…
Concepcion Alejo is used to being invisible. Alejo, 43, touches her face up with makeup on a Tuesday morning, and steps out of her tiny apartment on the fringes of Mexico City. She walks until the cracked gravel outside her…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has “achieved very little” during six years of attempted railway reform, parliament’s spending watchdog has said, concluding…
A view of the damage sustained by 55-year-old Cindi Watts’ home, after a tornado ripped through the city, in Temple, Texas, U.S., May 23, 2024. REUTERS/Evan Garcia/File Photo Evan Garcia | Reuters At least 68 million people were under severe…
Nvidia’s star founder Jensen Huang endorsed Tesla’s strategy for AI-enabled autonomous vehicles weeks ahead of a key vote that determines if CEO Elon Musk receives his record compensation. Musk is all but betting the company on his recent pivot to AI,…