Weight-loss drugs show promise in tackling opioid and alcohol abuse

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ozempic and similar products cut opioid and alcohol abuse by up to half, according to research that adds to evidence of the hugely popular blockbuster drugs’ broad potential beyond tackling obesity and diabetes. An analysis…

China to boost credit support for ‘whitelist’ properties to $560bn

Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China plans to almost double credit support for “whitelist” housing projects to Rmb4tn ($562bn) as part of official efforts to reinvigorate its property sector and turn around the economy. The whitelist was introduced in January…

China’s show of force in massive military exercises alarms Taiwan

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s show of force around Taiwan in a day of massive military exercises has fuelled alarm in Taipei, which wants other democracies to push back harder against Beijing. The fact that the People’s Liberation Army had…

Meta fires staff for abusing $25 meal credits

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Meta has fired about two dozen staff in Los Angeles for using their daily $25 meal credits to instead buy household items including acne pads, wine glasses and laundry detergent. The terminations took place last…

World’s biggest gambling hub rolls dice on new China-backed leader

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gambling hub Macau has rolled the dice on a Beijing-backed former top judge as its new leader, in a move that analysts said could intensify Chinese authorities’ push for the former Portuguese colony to diversify…

Kamala Harris pledges break from Joe Biden in feisty Fox News interview

Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Kamala Harris insisted her presidency would “not be a continuation” of Joe Biden’s, as the vice-president made a pitch to conservative voters in a combative interview on Fox News on Wednesday. In…

Reeves expected to focus rise in capital gains tax on share sales

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chancellor Rachel Reeves is likely to target her expected increase in UK capital gains tax on the sale of shares, rather than second homes, according to former Treasury officials.  They said the 24 per cent…

Companies curb advertising spending in the UK ahead of the Budget

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Companies have “paused” any rise in their advertising spending in the UK ahead of the Budget, as they brace for the risk that higher personal taxes will sap consumers’ purchasing power, according to an industry…

US announces new $425mn military aid package for Ukraine

The US has announced a new $425mn military aid package for Ukraine, as President Joe Biden tries to surge security assistance to Kyiv before his term ends and is possibly succeeded by Donald Trump. The new package includes air defence capabilities, air-to-ground munitions, armoured vehicles and other critical munitions, Biden told Ukrainian President Volodymyr Zelenskyy…

Uber explored possible bid for Expedia in ‘super app’ growth push

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Uber has explored a possible bid for Expedia, the nearly $20bn US travel booking website, in what would be by far the ride-hailing company’s largest acquisition as it looks to diversify further and find new…