Author: Press Room

Stay informed with free updatesSimply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox.Chinese bubble tea giant Mixue’s shares surged 40 per cent on their debut on Monday as Hong Kong’s biggest listing of the year to date highlighted investor focus on mainland China’s price-conscious consumers.Shares rose to HK$283 ($36), compared with an offering price of HK$202.50, in a listing that raised $444mn and attracted a rush of demand from retail investors.Mixue, with 45,000 stores as of the end of last year, sells ice cream and flavoured teas for less than $1 and…

Latest news on ETFsVisit our ETF Hub to find out more and to explore our in-depth data and comparison toolsSurging demand for cryptocurrency exchange traded funds will push their combined assets above those of precious metal ETFs in North America by the end of the year, according to forecasts by State Street, the world’s largest ETF servicer by assets.Such a move would install digital token ETFs as the third-largest asset class in the rapidly growing $15tn ETF industry, behind only equities and bonds and ahead of real estate, alternative and multi-asset funds.“We have been very surprised by the speed of…

The Ebola outbreak in Uganda, which had seemed to be in retreat, has claimed a new victim: a 4-year-old boy who died on Monday, according to a State Department cable viewed by The New York Times.News of the child’s death comes even as the Trump administration has canceled at least four of the five contracts with organizations that helped manage the outbreak. It also placed the manager of the Ebola response at U.S.A.I.D. on administrative leave.Uganda’s Ministry of Health informed U.S. officials of the death on Thursday. The confirmed case has not yet been announced by the Ugandan government nor…

Whoever won the prize for best director on Sunday night was going to receive a first directing Oscar, but no nominee has labored as a filmmaker more single-mindedly for a longer time than Sean Baker, the creative force behind “Anora.”By winning the Oscars for director, original screenplay, film editing and best picture (as a producer), Baker tied the record for most Oscars won by an individual in one year with a very famous name. Walt Disney won four awards for four different films in 1954, none of them particularly well remembered today.“Anora,” a Cinderella story that foregrounds hot topics like…

“Anora” won big Sunday at the 97th Academy Awards.The 2025 Academy Awards featured a star-studded roster with Demi Moore, Ariana Grande and Zoe Saldaña dazzling on the red carpet at the Dolby Theatre in Los Angeles.Here’s the complete list of winners from the 97th Annual Academy Awards.OSCARS 2025 FASHION: DEMI MOORE, ARIANA GRANDE AND SELENA GOMEZ DAZZLE ON THE RED CARPETBest Picture”Anora””The Brutalist””A Complete Unknown””Conclave””Dune: Part Two””Emilia Pérez””I’m Still Here””Nickel Boys””The Substance””Wicked”DirectingSean Baker, “Anora”Jacques Audiard, “Emilia Pérez”Brady Corbet, “The Brutalist”Coralie Fargeat, “The Substance”James Mangold, “A Complete Unknown”Actor in a leading roleAdrien Brody, “The Brutalist”Timothée Chalamet, “A Complete Unknown”Colman Domingo, “Sing…

The Kansas Jayhawks’ disappointing season continued on Saturday with a 78-73 loss to No. 10 Texas Tech, but Zeke Mayo took a harder hit off the court.Mayo struggled in the contest, going 1-for-7 from the floor, including an 0-for-5 clip from three-point land.After the game, Mayo took the X to take the blame for the loss. Kansas Jayhawks guard Zeke Mayo (Chris Jones-Imagn Images)”I 100% deserve all the criticism in the world. My performance was beyond pitiful today, and has been for a while now. I work my a– off everyday to be great, but I can’t be perfect all…

Omar Marques | Lightrocket | Getty ImagesThere’s a new ETF in town. SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) will trade Thursday at the NYSE. This fund intends to invest at least 80% of its net assets in investment grade debt securities, including a combination of public credit and private credit. What’s surprising is that there is a significant component of private credit in the ETF wrapper. Because private credit is illiquid, it has been a problem getting this in an ETF wrapper, since ETFs need liquidity. They are trying to solve this problem by having Apollo provide credit assets and…

Imagine you are video chatting with a distant friend who is eating lunch, and your pal’s sandwich looks delicious. What if you could ask your friend to dip a sensor into the meal, and give you a taste?Remote snacking has moved a bit closer to virtual reality. In a paper on Friday in the journal Science Advances, Yizhen Jia, a graduate student in materials engineering at Ohio State University, his adviser Jinghua Li and their colleagues report that they helped volunteers taste flavors meant to represent distant samples of coffee, lemonade, fried eggs, cake and fish soup.In an interview, Mr.…

In a speech this month, Prime Minister Justin Trudeau of Canada, clearly annoyed by import tariffs levied by President Trump and his threats of making Canada “the 51st state,” suggested that Canadians might act individually to respond to the affronts.“Now is also the time to choose Canada,” Mr. Trudeau said, adding, “It might mean changing your summer vacation plans to stay here in Canada and explore the many national and provincial parks, historical sites and tourist destinations our great country has to offer.”In the weeks since, it appears that at least some Canadian citizens are taking his directive seriously.“I’ve decided…

The chance to turn a historic racecourse into a “mini city” served by a high-frequency metro is a one-off opportunity that could end within weeks in a crucial vote, a state premier says.The future of the 140-year-old Rosehill Gardens racecourse has been the subject of fierce debate since the NSW government reached a 2023 agreement with owner the Australian Turf Club to potentially redevelop the western Sydney site.Under the plan, the land would be sold to developers to build more than 25,000 homes, with the proceeds – potentially worth up to $5 billion – funnelled into other racing, training and…