Author: Press Room

Back in my early twenties, I was at a party at a rooftop bar trapped in a round of small talk with a friend of a friend. Scrambling around for conversation, I asked her where she came from. “Folkestone,” she said. If you don’t know, that’s a coastal town in Kent, in the south east of England.Without hesitation, I replied: “Folkestone Invicta” — the name of the town’s local non-League club, currently playing in the seventh tier of English football. To this day, I have never forgotten the look on her face: one of almost total boredom and indifference, but…

Elon Musk’s role as President Trump’s cost-cutting czar and his immersion in right-wing politics appear to be diverting his attention from Tesla at a perilous moment for the electric car company.Tesla’s car sales fell 1 percent last year even as the global market for electric vehicles grew 25 percent. Mr. Musk has not addressed that underperformance, and he has offered no concrete plan to revive sales. He has also provided no details about a more affordable model Tesla says it will start producing this year. In the past, Mr. Musk spent months or years promoting vehicles before they appeared in…

TV host, content creator and author of the book “Tieng Anh Khong Kho, Dung Nhan Nho (English is not tough, so don’t frown)” Tran Khanh Vy shares her favorite places to hang out in Vietnam’s most populous city.Vietnam is renowned for its coffee culture. From the high-end cafes to street stalls equipped with iconic low stools and tiny tables, coffee in Vietnam – usually brewed with Robusta beans – packs a punch.However, the most accessible way to get your caffeine fix in the country is cà phê bệt, which literally translates to “coffee while sitting on the ground.” Coffee sellers…

Renowned businessman and founder of Coscharis Group, Cosmas Maduka, has stated that Peter Obi would not have implemented policies different from those of the current administration had he won the presidential election. Speaking in an interview on Mic On Podcast with Okinbaloye via YouTube on Saturday, Maduka asserted that Nigeria is moving in the right direction despite the challenges, emphasising that critical economic policies, such as subsidy removal, would have been inevitable under any government. “People have asked me, will Peter Obi have done anything different if he won the election? I said no. He would have removed subsidy from…

Dan Bongino, a former U.S. Secret Service agent who has penned best-selling books, ran unsuccessfully for office and gained fame as a conservative pundit with TV shows and a popular podcast, has been chosen to serve as FBI deputy director.President Trump announced the appointment Sunday night in a post on his Truth Social platform, praising Bongino as “a man of incredible love and passion for our Country.” He called the announcement “great news for Law Enforcement and American Justice.”The selection places two staunch allies of Mr. Trump atop the nation’s premier federal law enforcement agency at a time when Democrats…

American manufacturing has been in the doldrums for years, battered by high borrowing costs and a strong dollar, which makes exports less competitive. But there has been a bright spot: billions of dollars flowing into factory construction, signifying that a potential rebound in production and employment is around the corner.The flood of investment has been driven by two major categories of subsidies provided under the Biden administration. One offered incentives for the construction of several enormous semiconductor plants set to begin operation in the coming years. The other supercharged the production of equipment needed for renewable energy deployment.This second category…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Latest news on ETFsVisit our ETF Hub to find out more and to explore our in-depth data and comparison toolsHouse Democrats have urged Securities and Exchange Commission acting chair Mark Uyeda to “safeguard” the agency’s data and work from the Department of Government Efficiency, or Doge.The SEC’s vast trove of data from market participants helps ensure market integrity and prevent fraud, the lawmakers noted. “Improper access to this sensitive information could have disastrous consequences for the stable functioning of the US capital…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Former Jupiter star fund manager Ben Whitmore has launched the first fund for investors under his new Brickwood brand, months after departing the company along with other employees.The new fund from Whitmore — who at his peak managed about £10bn for Jupiter — will focus on buying shares in undervalued UK companies that are out of favour with many investors.Whitmore set up Brickwood with former Jupiter manager Dermot Murphy and his brother, Kevin Murphy, who joined from Schroders. Claudia Ripley also left…

Frozen shakes sold to nursing homes, hospitals and other institutions have been recalled after the drinks were tied to a yearslong deadly listeria outbreak, the Food and Drug Administration said on Friday.Since 2018, at least 11 people have died from the outbreak and dozens have been hospitalized, the F.D.A. said, but previous investigations had not been able to find a source of the bacteria.In 37 of the 38 known cases, the patients were hospitalized; 34 of those infected were in long-term care facilities or had been hospitalized before becoming sick with listeria.Cases have been reported in 21 states, including California,…

Tensions between the world’s two largest economies have escalated over the last several years.Florence Lo | ReutersBEIJING — China is trying yet again to boost foreign investment, amid geopolitical tensions and businesses’ calls for more concrete actions.On Feb. 19, authorities published a “2025 action plan for stabilizing foreign investment” to make it easier for foreign capital to invest in domestic telecommunication and biotechnology industries, according to a CNBC translation of the Chinese.The document called for clearer standards in government procurement — a major issue for foreign businesses in China — and for the development of a plan to gradually allow foreign…