South Korea’s export growth is expected to have slowed for a third consecutive month in October, according to a Reuters poll. The slowdown is attributed to cooling global demand for computer chips. Outbound shipments from the country are forecasted to have risen by 6.9% in October compared to the previous year. This marks the 13th … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Payouts for EY’s UK partners declined by 5 percent this year to an average of £723,000, as the Big Four firm faced a significant slowdown in sales growth and an increase in partnership size. The … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Consumer confidence in the UK has dropped to its lowest point this year as people await potential tax increases in the upcoming Budget. The GfK consumer confidence index, which measures how individuals perceive their personal … Read more
Starbucks cups are shown on a counter in Manhattan, New York, on February 16, 2022. Carlo Allegri | Reuters Starbucks reported preliminary quarterly results on Tuesday, revealing a decline in sales as the coffee chain works to implement a turnaround strategy. “Our performance in the fourth quarter indicates the need for a fundamental change in … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donations to Harvard University fell 14 per cent in the fiscal year ending June 30, as large donors cut ties and prominent alumni in the financial industry criticised its administration over a botched response to … Read more