Latest in FirstFT: Deflation hits Chinese corporate profits
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China Hits Dozens of U.S. Companies With Trade Controls
The move was the latest escalation in the back and forth between Beijing and Washington over products considered vital to national security.The New York Times - Jan. 2 -
China hits dozens of U.S. companies before expected Trump tariffs
China's Ministry of Commerce adds 28 U.S. entities to export control list to "safeguard national security and interests."CBS News - Jan. 2 -
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GOP lawmakers request Yellen briefing on Chinese hackers' Treasury breach
Republican lawmakers are swiftly urging the Treasury Department to provide answers on a recent cybersecurity attack from China that infiltrated various workstations, as outlined in ...The Hill - Jan. 2 -
Man dies after car hit pedestrians on Christmas Day
A man who was hurt when a car hit pedestrians in London's West End on Christmas Day has died.BBC News - Jan. 2 -
Bengals become first team in NFL history hit with this brutal scheduling quirk after being flexed in Week 18
The NFL hit the Bengals with a brutal scheduling quirk that no other team has ever had to deal withCBS Sports - Jan. 2 -
Brompton profits almost wiped out after lower UK and Europe sales
British folding bike specialist cites economic headwinds and sector’s challenges as earnings drop below £5,000Financial Times - Jan. 2 -
Texans' Azeez Al-Shaair says he was in a 'really dark place' after suspension for hit on Lawrence
Houston Texans linebacker Azeez Al-Shaair says he was in a “really dark place” and wondered if he’d ever play football again in the days after he was suspended for three games for his hit on ...ABC News - Jan. 2 -
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Wholesale gas price hits highest level in 14 months after Russian supplies stop
Transit agreement with Ukraine expires as storage supply levels in Europe fall at fastest rate since 2021. Business live – latest updates The wholesale price of gas has risen to its highest ...The Guardian - Jan. 2 -
Puerto Rico swears in new governor days after major blackout hit island
Jenniffer González Colón has been sworn in as Puerto Rico’s new governor as the island prepared for a normally ebullient ceremony overshadowed by widespread anger over a blackout that hit the U.S. ...ABC News - Jan. 2 -
Chinese EV makers BYD, Nio, Li and XPeng end 2024 on a sales high
Chinese electric-vehicle makers enjoyed strong sales in December 2024 as the country’s EV price war continued.MarketWatch - Jan. 2 -
Suspected Chinese underwater spy drone found by fishermen
Officials said the drone was not armed, but the police report listed "potential national security implications" as one significance of its recovery.CBS News - Jan. 2 -
Cruise ship stomach bug illnesses hit 12-year high: CDC
Cruise ships saw the highest number of stomach bug illnesses since 2012 with 16 outbreaks that impacted 1,894 passengers.The Hill - Jan. 2 -
How will 'A Complete Unknown' stack up against Timothée Chalamet's biggest hits?
Timothée Chalamet already has one big box-office hit under his belt for this year — 'Dune: Part Two.' How will 'A Complete Unknown' compare?Los Angeles Times - Jan. 2 -
How marketing pushed these three indie films into box office hits
Despite major obstacles, some indie films thrived this year. Yes, they were artistically accomplished, but inventive ad campaigns also helped draw in crowds.Los Angeles Times - Jan. 2 -
FirstFT: Trump’s protectionist policies will hurt global growth, economists warn
Also in today’s newsletter, ‘terrorism’ in New Orleans and the business trends to watch in 2025Financial Times - Jan. 2 -
Neil Young shuns Glastonbury over 'corporate control'
The rock star says the festival, which is partnered with the BBC, is "now under corporate control".BBC News - Jan. 2 -
Swisscom Trims Profit Outlook on Early Closing of Vodafone Italia Deal
Swisscom lowered its core earnings guidance after the deal to merge its Italian subsidiary Fastweb and Vodafone’s operations closed on Dec. 31.The Wall Street Journal - Jan. 2 -
Alibaba sells stake in Chinese hypermarket operator at steep discount
Sun Art deal is ecommerce group’s second major divestment of bricks-and-mortar assets in less than a monthFinancial Times - Jan. 2 -
BYD, Chinese EV Peers Post Record Sales for December
Chinese electric-vehicle makers have benefited from a government trade-in program in the world’s largest market for EVs.The Wall Street Journal - Jan. 1 -
Chinese government hackers targeted US Treasury office that administers sanctions – report
Treasury disclosed hack earlier this week, with Washington Post reporting targets were Office of Foreign Assets Control and Office of Financial Research. Chinese government hackers breached the US ...The Guardian - Jan. 2 -
Alibaba to Sell Stake in Chinese Hypermarket Operator
Alibaba Group has agreed to sell its shares in Sun Art Retail in a $1.7 billion deal, the latest divestment as part of efforts to focus on its core e-commerce business.The Wall Street Journal - Jan. 1 -
Neil Young pulls out of Glastonbury 2025, claiming festival is ‘under corporate control’ of BBC
The 79-year-old musician says the music festival is ‘not the way I remember it being’ after BBC ‘wanted us to do a lot of things in a way we were not interested in’. Neil Young has announced that ...The Guardian - Jan. 1 -
Homes flooded in Greater Manchester as storms hit New Year's Day
A major incident is declared in Greater Manchester after flooding left people trapped in their homes.BBC News - Jan. 1 -
Leeds and Burnley held at home while Windass hits Wednesday wonder goal
Blackburn and Stoke battle to hard-fought points on road Plymouth claim 2-2 draw in first game since Rooney exit Danny Batth’s last-minute equaliser clinched Blackburn a 1-1 draw at Elland ...The Guardian - Jan. 1 -
Cops shot, possible explosive devices found after truck hits crowd in New Orleans, officials say
At least 10 people are dead and dozens more are injured after a truck plowed into a crowd on New Orleans' Bourbon Street early on New Year's Day. CBS News' Michael George and Kati Weis have more.CBS News - Jan. 1 -
Unlawful border crossings hit lowest level of Biden admin in November
U.S. Customs and Border Patrol (CBP) announced a new low for border level crossings during the month of November ahead of President Biden’s exit from the White House. Statistics released by the ...The Hill - Dec. 31 -
Netflix’s Squid Game: Unleashed hits No. 1 top free game in 24 countries
Netflix announced that its Squid Game: Unleashed mobile game has reached No. 1 Top Free Action Game in 57 countriesVentureBeat - Dec. 31
