Increasing numbers of wealthy foreigners say they are leaving the UK in response to the abolition of the “non-dom” regime that allowed them to avoid paying tax on overseas income. The change — backed by both the Conservative and Labour parties — has contributed to a relative decline in the UK’s attractiveness, according to over…
As temperatures and humidity soar outside, what’s happening inside the human body can become a life-or-death battle decided by just a few degrees. The critical danger point outdoors for illness and death from relentless heat is several degrees lower than experts once thought, say researchers who put people in hot boxes to see what happens to them….
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Everyone seems to love corporate bonds these days. Maybe a little too much. Demand for the asset class has been extremely robust. Excluding a blip earlier this month, there have been net inflows to credit…
Sales of existing homes in the US fell for a third straight month in May while prices set another record, underscoring persistent affordability challenges that hobbled the important spring selling season. Contract closings decreased 0.7% from a month earlier to a 4.11 million annualized rate, driven entirely by a decline in the South, according to…
Adam, 44, had only ever bought shares in one other company when he decided to invest in a stock called Nvidia last month after a “hot tip” from a friend. “It’s AI and clearly there’s money in that,” says Adam, who works in the hospitality industry in London and asked not to be named because…
Fast food is no longer cheap, and fast-casual chains are benefitting from it. Rick Cardenas, CEO of Darden Restaurants—which owns Olive Garden, Longhorn Steakhouse, Bahama Breeze, and Ruth’s Chris Steak House—said during the company’s Thursday earnings call that consumers are seeing “a little bit of a shift” from fast food to its sit-down competitors due…
Jeff Bezos this week interrupted a holiday in Mykonos, Greece on his $500mn yacht Koru with his fiancée Lauren Sánchez to reassure the agitated journalists of the lossmaking Washington Post. “I know you’ve already heard this from Will, but I wanted to also weigh in directly: the journalistic standards and ethics at The Post will…
In their first Second Amendment case since they expanded gun rights in 2022, the justices ruled 8-1 in favor of a 1994 ban on firearms for people under restraining orders to stay away from their spouses or partners. The justices reversed a ruling from the federal appeals court in New Orleans that had struck down…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour far out-raised the ruling Conservatives in the second week of the general election campaign, according to the latest data, including a £2.5mn donation for Sir Keir Starmer’s party from Lord David Sainsbury. Electoral Commission…
China said Friday it has banned a number of business units of American aviation manufacturer Lockheed Martin Corp. and three of its executives over arms deals the company has signed with Taiwan, the self-ruling island it claims as its own territory. The statement from China’s Foreign Ministry said the company’s cooperation with Taiwan had violated the country’s sovereignty, standard…
