A Chinese citizen living in Los Angeles allegedly flew a drone and took aerial images of Vandenberg Space Force Base last month, federal prosecutors said Monday. Yinpiao Zhou, 39, was arrested this week at the San Francisco International Airport prior to boarding a China-bound flight, the Justice Department said. He is charged with failure to register an
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Millennials are relying on their credit cards more than ever as they face their most financially challenging holiday season yet, according to new data. Since 2020, millennials have used credit cards for the majority of their holiday spending between 70% to 80% and the percentage has been climbing, according to a three-year analysis of 2,000
A bride-to-be lost her irreplaceable engagement ring down a storm drain during what was planned to be a magical photo shoot with her fianc celebrating his recent proposal. Niki Mack and Corey Berebitsky were taking engagement photos at the Italian Cultural Garden in Cleveland, Ohio on Nov. 24 when the disaster struck, People reported. The
He’s hoping to earn double. A Mega Millions player alleges he is the rightful owner of the two jackpot-winning tickets sold at the same California gas station last year, but lost the second ticket as time to claim the award has expired. Faramarz Lahijani publically stepped forward in June to claim his half of the
President-elect Donald Trump tapped Federal Trade Commissioner Andrew Ferguson to lead the consumer protection and antitrust agency, Trump said on social media on Tuesday. Ferguson, one of two Senate-confirmed Republican FTC commissioners appointed by President Biden, will be “the most America First, and pro-innovation FTC Chair in our Countrys History,” Trump said. “Andrew has a proven record of standing up to Big
President Biden plans to formally block NipponSteel’s proposed takeover of USSteelon national security grounds once the $15 billion deal is referred back to him later this month, Bloomberg News reported Tuesday, citing people familiar with the matter. The US national security panel reviewing the deal must refer its decision on the merger to Biden by
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The soft voice helped. So did the weak chin and gawky height. Throw in the medical training in London, as well as the marriage to an urbane local, and it is small wonder
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The owner of London’s St Pancras station has laid out plans to more than double the passenger capacity of the UK’s only international train terminal, taking advantage of booming demand for high speed rail travel.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. London’s Heathrow airport has forecast its busiest ever festive period, with a jump in passengers travelling on Christmas Day set to cap a record-breaking year of travel for the UK’s largest airport. On Wednesday, the
Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. The UK’s highest court is to hear an appeal brought by car loan providers in a landmark mis-selling case that has put the country’s financial services industry on the hook for potentially billions of pounds
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
Qatar’s $500bn sovereign wealth fund is preparing to deploy its cash more aggressively ahead of a petrodollar windfall that could ultimately double its size. Mohammed Al-Sowaidi, the Qatar Investment Authority’s new chief executive, told the Financial Times the fund expected to “do bigger-ticket deals” and invest with “more frequency” as it embarks on a review
In July, Howard Lutnick, the pugnacious boss of broker Cantor Fitzgerald, regaled an audience of crypto devotees in Nashville with tales of his early days exploring the world of digital currencies. “I met every criminal who’s now in prison,” the 63-year-old joked, referring to his encounters with various youthful crypto executives now serving lengthy jail
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock has bought a bonanza of billionaires. Now comes the challenge of keeping them in line. The world’s largest asset manager has been on a $28bn acquisition tear, snapping up two of the best known
The frames that held Bashar al-Assad’s portraits on the walls of the Damascus governorate building are now bare. Instead, the photos serve as doormats for visitors and employees to trample as they walk in — a reminder that they are in a new Syria. Shattered glass, broken furniture and a crumpled flag littered the floor,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chief executives of London-listed companies should be able to be paid like “top-rate footballers” without facing a backlash, according to billionaire financier Lord Michael Spencer. The founder of brokerage ICAP, part of which was sold
Wall Street banks are betting that the blockbuster rally in US stocks will cool next year as investors turn cautious on technology companies’ ability to profit from their big investments in artificial intelligence. Ten major banks, including Morgan Stanley, HSBC and Goldman Sachs, expect the S&P 500 index, the main US equities barometer, to rise
Mitch McConnell is standing in his office smiling. Hanging on the walls are faces, mostly stern, from Washington’s past. McConnell’s portrait might soon join them. Last month, the Republican leader in the US Senate stepped down from the role he has held for longer than anyone in US political history. At the age of 82,
General Motors said on Tuesday that it will restructure its autonomous driving subsidiary, Cruise, so that it focuses on making cars to sell to individuals, rather than developing a robotaxi business. The Detroit carmaker said the move would lower spending by $1bn annually, compared to trying to engineer, build, maintain and operate a fleet of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. England’s NHS is heading into its busiest ever winter “confused” about the government’s priorities for the service, health leaders have warned, urging ministers to be honest about the trade-offs required to hit performance targets. Prime
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