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Mark Zuckerberg dismissed reports that he is building a 5,000-square-foot “Doomsday bunker” underneath a $270 million compound in Hawaii — insisting instead that it’s just a “little shelter.” The 40-year-old tech tycoon was asked during a Dec. 19 interview with Bloomberg about rumors that he is constructing an underground facility beneath his 1,400-acre home on

Elon Musk urged his supporters not to donate to the nonprofit that runs Wikipedia after the organization budgeted more than $50 million to spend on controversial diversity, equity and inclusion (DEI) initiatives. “Stop donating to Wokepedia until they restore balance to their editing authority,” Musk wrote Tuesday on X, where he has nearly 210 million

Holiday sales jumped more than expected this year as shoppers turned to online retailers forlast-minute discounts a sign that household finances remain healthy. Consumer spending during the holiday shopping season between Nov. 1 and Dec. 24 spiked 3.8% compared to the same period in 2023 above forecasts of a 3.2% rise, according to a Mastercard SpendingPulse

Holiday sales jumped more than expected this year as shoppers turned to online retailers forlast-minute discounts a sign that household finances remain healthy. Consumer spending during the holiday shopping season between Nov. 1 and Dec. 24 spiked 3.8% compared to the same period in 2023 above forecasts of a 3.2% rise, according to a Mastercard SpendingPulse

Osamu Suzuki, an ingenious pennypincher who led Japan’s Suzuki Motor for more than four decades and played a key role in turning India into a flourishing auto market, has died aged 94. He died on Christmas Day of lymphoma, said the company, which he steered ambitiously, during his time as either chief executive or chairman, out

Osamu Suzuki, an ingenious pennypincher who led Japan’s Suzuki Motor for more than four decades and played a key role in turning India into a flourishing auto market, has died aged 94. He died on Christmas Day of lymphoma, said the company, which he steered ambitiously, during his time as either chief executive or chairman, out

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The national airlines of Azerbaijan and Kazakhstan have suspended some flights to Russia after evidence suggested an Azerbaijani plane had been downed by Russian air defence systems. The Kazakh airline, Qazaq Air, said on Friday

A contractor for Chinese electric vehicle giant BYD on Thursday denied claims that Chinese nationals were working in slavery-like conditions at a construction site for the carmakers factory in Brazil. On Tuesday, a task force led by Brazilian prosecutors said it had rescued 163 Chinese nationals who were working in slavery-like conditions at BYDs construction

Strive Asset Management, led by billionaire entrepreneur Vivek Ramaswamy, has filed a request with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on Bitcoin-linked convertible bonds. The proposed Strive Bitcoin Bond ETF is designed to offer exposure to bonds issued by corporations that use the proceeds to purchase Bitcoin

Elon Musks right-hand man in charge of cost-cutting is now recruiting staff at the Department of Government Efficiency, according to a report. Steve Davis has remained loyal to Musk for years, working across his companies and even sleeping overnight in the Twitter offices with his wife and newborn during Musk’s acquisition in 2022 when the

Bitcoin is becoming a critical asset in geopolitics, with several countries competing to build national reserves which will potentially reshape their financial sovereignty. While the global push for Bitcoin grows, skeptics are becoming advocates, Japan remains hesitant to join the trend. According to a report by local news outlet CoinJP, Japan remains cautious about adopting

Osamu Suzuki, an ingenious pennypincher who led Japan’s Suzuki Motor for more than four decades and played a key role in turning India into a flourishing auto market, has died aged 94. He died on Christmas Day of lymphoma, said the company, which he steered ambitiously, during his time as either chief executive or chairman, out

Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. The wealth of US private capital bosses jumped by more than $56bn in 2024 as shares of Blackstone, Apollo and KKR hit new highs, fuelled by rapid growth and their addition to the main US

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korea’s opposition-controlled parliament has impeached the acting president, throwing the country into more political turmoil. Lawmakers passed a motion on Friday to impeach Han Duck-soo, who is also the prime minister, after he resisted

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Anyone who has watched the film Crocodile Dundee knows we don’t have mental health issues in Australia. As Mick explains: “No. Back there, if you have a problem, you tell Wally. And he tells everyone

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. London is heading into the worst downturn in affordable housing supply in decades, as inflation, high interest rates and building safety costs hammer the finances of housing associations.  “We had been warning the previous government

Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. Tax experts have questioned Sir Keir Starmer’s claim that a “typical family” farm will receive a £3mn exemption from inheritance tax. They argue the government’s figure is “misleading” because it requires farmers to meet complex

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I am aware that this suggestion comes rather too late in the year to be useful, but here’s a gift idea for next Christmas: get the board game enthusiast in your life the Royal Game

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. There was nothing new in AI in 2024 that matched the sheer “wow” factor of using ChatGPT for the first time, but rapid improvements in the underlying technology still kept the field humming. For 2025,