Money

9.5% of Chief Executive Officers are considered ‘Supercommuters,’ with a tendency to underperform, particularly if they have a boat or reside close to a golf course.

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9.5% of Chief Executive Officers are considered ‘Supercommuters,’ with a tendency to underperform, particularly if they have a boat or reside close to a golf course.

As more companies insist on employees returning to the office full-time, a different trend has emerged: the rise of CEOs who live far from headquarters and commute for a few days each week. However, recent research shows that this arrangement typically leads to underperformance. CEOs who live long distances from their companies tend to do … Read more

Shirley Ayorkor Botchwey chosen as new secretary-general by Commonwealth, announces Reuters

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Shirley Ayorkor Botchwey chosen as new secretary-general by Commonwealth, announces Reuters

APIA (Reuters) – Commonwealth members have chosen Shirley Ayorkor Botchwey as the new secretary-general of the 56-nation organization led by Britain’s King Charles, the Commonwealth announced on the final day of a summit in Samoa attended by Charles and Queen Camilla. Representatives from the member countries, most of which have historical ties to the British … Read more

Five gripping new thrillers featuring war, chaos, and Karla

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Five gripping new thrillers featuring war, chaos, and Karla

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. George Smiley, John le Carré’s cerebral spymaster, is too valuable to retire even after his creator’s death, much like James Bond and Jason Bourne. Nick Harkaway’s book, Karla’s Choice, is a worthy addition to the … Read more

Residents in Lisbon are left without transportation as the famous yellow trams are taken over by tourists for Instagram photos.

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Residents in Lisbon are left without transportation as the famous yellow trams are taken over by tourists for Instagram photos.

An age-old symbol of the Portuguese capital, Lisbon’s rickety yellow trams have become such a magnet for tourists that some locals complain they can no longer grab a ride. Lisbon began operating trams in the late 19th century to transport passengers up the steep and narrow streets criss-crossing the hilly old city. Today’s visitors travel … Read more

Harris turns attention to abortion in Texas while Trump travels to Michigan, according to Reuters

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Shirley Ayorkor Botchwey chosen as new secretary-general by Commonwealth, announces Reuters

By Trevor Hunnicutt, Gabriella Borter and Georgina McCartney Kamala Harris and Donald Trump made unexpected stops in Texas, a traditionally conservative state, as part of their campaign trail. Texas, which hasn’t supported a Democratic president since 1976, is almost certain to give its 40 electoral college votes to Republican Trump. However, Democrats see Texas as … Read more

Treasury announces intentions for significant increase in UK social housing rents to combat inflation

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Treasury announces intentions for significant increase in UK social housing rents to combat inflation

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter. UK chancellor Rachel Reeves has announced plans to raise rents for social housing by more than inflation over the next five or 10 years while also providing an immediate £500mn cash injection for housing associations … Read more

Red Lobster Overhauls Leadership Team Following Unlimited Shrimp Controversy

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Red Lobster Overhauls Leadership Team Following Unlimited Shrimp Controversy

Red Lobster, a popular casual dining chain in America, has faced challenges in recent months, attributing them to its Endless Shrimp promotion. The chain filed for bankruptcy in May after closing over 50 locations due to significant losses from the promotion. Damola Adamolekun, a former P.F. Chang’s CEO, was appointed as the new CEO in … Read more

Israel attacks Iranian military sites amidst concerns of a potential escalation in conflict, according to Reuters

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Israel attacks Iranian military sites amidst concerns of a potential escalation in conflict, according to Reuters

By Parisa Hafezi and Emily Rose In response to Tehran’s attacks on Israel earlier this month, Israel stated that it targeted military sites in Iran early on Saturday, marking the latest development in the escalating conflict between the two nations. According to Iranian media reports, there were multiple explosions in the capital and at nearby … Read more

Rachel Reeves aims to reassure businesses prior to Budget tax increases

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Rachel Reeves aims to reassure businesses prior to Budget tax increases

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK Chancellor, Rachel Reeves, is planning to ease concerns within the business sector regarding the significant tax increases set to be announced in the upcoming Budget. Reeves and her allies are emphasizing that these … Read more

Israel carries out airstrike on Iran after weeks of threats, escalating Middle East tensions

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Israel carries out airstrike on Iran after weeks of threats, escalating Middle East tensions

Israel launched airstrikes on military targets in Iran in retaliation for a previous ballistic missile assault, officials said. The attack has escalated tensions in the region, with the Middle East on the brink of a potential regional war. Israel described the airstrikes as precise strikes on military targets in Iran, citing the need to respond … Read more