Nike’s new CEO finds himself in trouble as recovery efforts fail

One of the most coveted sneakers ever made is a pair of black-and-yellow basketball shoes called the Wu Tang Dunks, released by Nike in 1999. Legend has it that only 36 pairs were ever produced and given to friends and family of the Staten Island hip-hop group. But when the world’s largest sportswear company announced … Read more

Recovery of unique geological samples sheds light on the formation of the current Antarctic ice sheet

Rendered image of the landing of the MARUM-MeBo70 on the seabed of the Amundsen Sea. Credit: MARUM – Center for Marine Environmental Sciences, University of Bremen / Martin Künsting In recent years, global warming has left its mark on the Antarctic ice caps. The “eternal” ice in Antarctica is melting faster than previously assumed, especially … Read more

Five growth companies to watch as UK economic recovery continues

UK economy recovers from high inflation Getty Images In the midst of a long and often fraught general election campaign in the UK, it’s easy to overlook the latest economic news. But the latest data on the UK’s economic performance is encouraging. Figures just released by the Office for National Statistics show that GDP growth … Read more

The US is driving a recovery in global mergers and acquisitions

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Global M&A deals reached $1.5 trillion in the first half of 2024, as a surge in U.S. takeovers and an increase in megamergers offset a declining number of acquisitions. The value of closed deals was … Read more

Satellite mega-constellations threaten the recovery of the ozone layer, research confirms

A black screen with stars has lots of white striations over it.

Concentrations of ozone-damaging aluminum oxides in Earth’s atmosphere could increase by 650% in the coming decades due to a rise in the number of defunct satellites catching fire during re-entry, a unique study has found. And as mega-satellite constellations continue to pique the interests of private companies, this could be pretty bad news for our … Read more

Stock Market Today: A Recovery for Nvidia Masks Losses for Much of Wall Street

NEW YORK (AP) — A recovery for Nvidia is helping keep U.S. indexes close to their records Tuesday. The S&P 500 rose 0.3% in afternoon trading, closing in on its all-time high set a week earlier. The recovery for Nvidia sent the Nasdaq composite up 1.1%, heading for its first gain in four days. The … Read more

Megasatellite constellations could jeopardize the recovery of ozone holes

Long exposure composite photography shows light trails from low Earth orbit satellites filling the sky, a tree line is in silhouette at the bottom of the frame

Megasatellite constellations could jeopardize the recovery of ozone holes Pollution from the rising number of satellites burning up in Earth’s atmosphere could threaten our planet’s protective ozone layer By Max Springer Light trails from low-Earth orbit satellites fill the sky in this long-exposure composite image captured over a period of 30 minutes. Alan Dyer/VWPics/Alamy Stock … Read more

Satellite mega-constellations could jeopardize the recovery of the ozone hole

This article was reviewed according to Science fact checked peer-reviewed publication trusted source proofread OK! Thousands of satellites in ‘mega constellations’ have been launched to meet the demand for global Internet services, and thousands more satellites will be launched in the near future. But these small satellites have short lifespans, and when they burn up … Read more

The British economy is flattening, undermining Rishi Sunak’s recovery hopes

Britain’s economy fell in April, slowed by wet weather, as signs of recovery from last year’s recession began to fade. In a setback to Rishi Sunak’s hopes of a strong recovery before the July 4 general election, the Office for National Statistics (ONS) said monthly growth slowed after rising 0.4% in March. The economy failed … Read more

China’s economic recovery is patchy as factory output rises and retail sales lag

Stay informed with free updates Simply log in to the Chinese economy myFT Digest – delivered straight to your inbox. Industrial production in China rose more than expected last month, but retail sales grew more slowly, a sign that weak consumer confidence weighed on a recovery in the world’s second-largest economy. Industrial production grew at … Read more