Considering how much dating apps are struggling, Bumble’s announcement via an 8-K filing on Wednesday of a 30% workforce reduction may not seem that shocking. But JPMorgan analysts wrote in a Wednesday note the magnitude of the layoffs (which amount to about 240 jobs) “comes as a surprise” because the company had already announced $15…
Russian President Vladimir Putin and Chinese President Xi Jinping will not travel to Brazil for the BRICS Summit scheduled for early next month. Although there is no official announcement yet, media reports suggested that Xi plans to skip the BRICS Summit, which, if confirmed, will be his first-ever absence from the meeting of the bloc…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 23, 2025. Brendan McDermid | Reuters Have we gone back in time? It certainly seems on the markets front. Just look at the S&P 500 and you will think that it’s back in February — before U.S….
Several executions are expected to take place in the United States this week, with two scheduled Tuesday and one each on Thursday and Friday. The executions were ordered in Alabama, Florida, Oklahoma and South Carolina. If all of the procedures are carried out as planned, the inmates’ deaths will bring the national total of executions…
Zurich Insurance (Hong Kong) and Hong Kong Airlines have introduced the Zurich HKA Travel Insurance Plan, which allows passengers to conveniently obtain travel protection at a discounted price when booking their flights. Hong Kong Airlines passengers can purchase Zurich Insurance plans while booking their flight The plan is available in three tiers: Protect Plan, Lite…
Lila Moss’s Paris style has it all: summer wardrobe basics, on-trend ballet slippers, low-slung ’90s denim, and a helping of sheer dressing à la her supermodel mom, Kate Moss. Lila, in the City of Light for the Paris Fashion Week men’s shows, has bridged the divide between full-on French dressing and classic model chic. Lila…
What are the origins of China’s leverage in the trade war? And why are China’s exports disrupting markets across the world? That China has a strong hand is largely because it has picked up lessons from Silicon Valley and deployed the tactics at every level of the supply chain. Just as Silicon Valley companies “hacked”…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hong Kong’s de facto central bank has intervened in foreign exchange markets to defend the city’s currency peg. The Hong Kong Monetary Authority said it used HK$9.4bn ($1.2bn) of its reserves to buy Hong Kong…
Iranian authorities are pivoting from a ceasefire with Israel to intensify an internal security crackdown across the country with mass arrests, executions and military deployments, particularly in the restive Kurdish region, according to officials and activists. Within days of Israel’s airstrikes beginning on 13 June, Iranian security forces started a campaign of widespread arrests accompanied…
Apple is adding a few new capabilities to the Apple Sports app that it hopes will convince you to actually download the thing. Its biggest item on the list of additions: tennis. For the first time, Apple Sports will now be able to track and relay tennis scores in real time. In Apple’s own words:…