Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. Beijing has removed the powerful Communist party boss and chair of its securities regulator as authorities battle plunging confidence in Chinese stock markets. The Communist party’s central committee replaced Yi Huiman with Wu
admin
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. How much of a mandate for change does a new government need? Is it enough simply to have won an election or does it require more detailed permission for the tougher parts of its political
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas is demanding a four-and-a-half month ceasefire in Gaza, an Israeli military withdrawal from the territory and the release of at least 1,500 Palestinians prisoners as part of a proposed three-phase deal to secure the
Thianchai Sitthikongsak | Moment | Getty Images Mortgage demand is struggling to contend with what appears to be another upswing in interest rates. Homebuyers in particular are pulling back. Total mortgage application volume rose 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was all due
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ørsted has suspended its dividend and slashed targets for developing renewables as the world’s largest offshore wind developer plots a recovery following a calamitous 12 months. The Copenhagen-listed company said on Wednesday it would also
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. Harry S Truman famously branded Congress as “do nothing” in 1948. To be fair, the then Republicans were obstructing the Democrats’ agenda because they disagreed with it. Today’s Republicans, on the other hand,
Stay informed with free updates Simply sign up to the UK house prices myFT Digest — delivered directly to your inbox. UK house prices rose for the fourth consecutive month in January to their highest level since October 2022, adding to signs of stabilisation in the property market as mortgage rates ease. The average UK
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Barratt has reached a £2.5bn deal to buy rival Redrow, creating the UK’s largest housebuilder, as developers weather the property market downturn. The boards of both FTSE housebuilders have recommended that all-share combination, which they
In the days after Hamas’s October 7 attack and the war that followed, Israeli entrepreneur Ron Daniel left Dubai, his home since 2021, fearing that he was “sitting on a volcano”. The chief executive of asset manager and financial technology company Liquidity Group flew back to the United Arab Emirates a month later after deciding
This is part of a series ‘Economists Exchange’, featuring conversations between top FT commentators and leading economists Eurozone inflation has slowed from a peak of more than 10 per cent to below 3 per cent, bolstering hopes that the European Central Bank will start cutting interest rates soon, especially after the region’s economy ground to
Being friends with Hank Medina is a dangerous game. Better known by his pen name Litquidity, he is always quietly looking for content — and even your attire could turn you into a viral meme. People who know him say Medina is the last person you would expect to be the “fin-meme lord” who has
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apologies in advance for another depressing story about aviation. This one at least has a happy ending. Yet a near-miss at Bordeaux-Mérignac airport, outlined in a report by France’s aviation accidents bureau last month, highlights
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shareholders in Meta are about to start receiving a dividend for the first time. Most of them probably won’t notice. Investors will receive a piddling 50 cents per share each quarter, starting next month. Given the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Standard Chartered has sounded out UK political heavyweights Sir Charles Roxburgh and Sir Sajid Javid as potential candidates for its next chair when José Viñals steps down. Executive search firm Spencer Stuart has been gauging
Animal products entering the UK from the EU will continue to be waved through without checks if British ports are overwhelmed by new post-Brexit border controls, according to documents seen by the Financial Times. An “automated clearance process” will clear goods for entry without paperwork checks if there are capacity issues at border control posts,
Former Royal Bank of Scotland head Ross McEwan will stand down in April as chief executive of National Australia Bank, the country’s third-largest lender. He will be replaced by Andrew Irvine, a former Bank of Montreal executive. McEwan returned RBS to profit before moving to Australia to lead NAB four years ago. He joined the Australian
Stay informed with free updates Simply sign up to the Accounting & Consulting services myFT Digest — delivered directly to your inbox. The heads of consulting giants McKinsey and BCG told US lawmakers on Tuesday that their employees in Saudi Arabia could face jail if the firms handed over details of their work for the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. While negotiators in London and New Delhi haggle over a bilateral trade deal, India’s business elite has been raising a very different concern: the fear of being mugged in Mayfair. David Lammy, shadow foreign secretary,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A 737 Max jet left a Boeing factory missing four bolts designed to secure a door panel that blew off in mid-flight last month, according to a preliminary report by a US regulator. The National
The focus shifted fully into the primary market Tuesday as the secondary took a backseat to large new-issues pricing in both negotiated and competitive markets while U.S. Treasuries halted its two-day sell off to see gains on the day. Equities ended mixed. Munis were little changed Tuesday, as UST yields fell six to nine basis
The CBI is pushing Labour to soften potentially onerous laws on worker rights pledged by Sir Keir Starmer, the new president of the employers’ lobby group told the Financial Times. Rupert Soames, who last week took over as president of the business lobby group, said the UK needed to avoid a “European model” of employment