Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. US private equity firms are rushing to take advantage of lower borrowing costs by loading debt on to their portfolio companies and then using the cash to pay dividends to themselves and their investors. Corporate
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a contributing columnist, based in Chicago Back in 2016, Brian Pannebecker was the first Donald Trump fan I had ever met. The wiry, energetic Michigan autoworker, whose Midwest twang sounded like home
Repair needs for the New York Metropolitan Transportation Authority MTA will cost at least $43 billion over the next several years, according to a new report issued by state comptroller Thomas DiNapoli. DiNapoli said the estimates by his office of the 2025 to 2029 period don’t include any new priorities to address accessibility, resiliency or
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A drone attack on a military base housing US troops in Syria has killed at least six allied Syrian fighters, the first major attack since Washington launched retaliatory strikes against Iran-aligned militias accused of targeting
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The CBI has settled legal action brought against it by its former director-general Tony Danker after his dismissal in April, the UK business lobby group said on Monday. Danker was sacked last year after an
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is co-chair of Meta’s Oversight Board and former prime minister of Denmark From the United States to the United Kingdom, India to Indonesia, Mexico to South Africa, roughly half of the global population
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. There are still many months to go before the US presidential election. But Donald Trump is already having a deeply malign effect on American foreign policy. At Trump’s behest, Republicans in Congress are
Some insurance companies are pulling back coverage from fire- and flood-prone areas, leaving homeowners with limited affordable options. This trend may even affect the property value of American homes, experts say. The nation’s largest homeowner’s insurance company, State Farm, stopped accepting new applications for policies on property in California in May. Allstate announced in November
Volodymyr Zelenskyy is considering a sweeping “reset” of Ukraine’s military and civilian leadership in an attempt to reinvigorate its war effort nearly two years since the start of Russia’s full-scale invasion. The Ukrainian president on Sunday evening confirmed reporting by the Financial Times last week and suggested that he was not only seeking to replace
Stay informed with free updates Simply sign up to the Global inflation myFT Digest — delivered directly to your inbox. A rapid fall in US inflation has opened the way for interest rate cuts within months, the OECD said, but it warned that Britain would suffer from the G7’s fastest price growth. The OECD’s interim
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Yandex, the company often referred to as “Russia’s Google”, has agreed to sell its operations in the country in a cash-and-shares deal worth Rbs475bn ($5.2bn) to a consortium of Russian investors and spin off its
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When it comes to antitrust policy, Americans are from Mars and Europeans from Venus. That was my takeaway from a major competition policy conference last week in Brussels, where all the top US and European
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Consider the tale of two $20bn-something companies — both of them private equity buyouts. Thirty-five years ago, when Kohlberg Kravis Roberts pounced on the food-to-tobacco conglomerate, RJR Nabisco, the private equity industry hit mainstream headlines
Stay informed with free updates Simply sign up to the Work & Careers myFT Digest — delivered directly to your inbox. Messages from the archive of Rutherford Hall, critical communications strategist WhatsApp to all@Monkwell: Greetings from Riyadh, where the temperature is a balmy 73 degrees and the precipitation is — ah, let me check —
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Federal Reserve’s rate-setters still expect to make around three quarter-point rate cuts this year, its chair Jay Powell said in an interview that aired on Sunday. Powell told CBS’s 60 Minutes show that “almost
Celebrations will ring out across Asia and beyond this Saturday with the beginning of the next lunar year — the year of the dragon for most countries that mark the occasion. Before that, Pakistan goes to the polls amid heightened political controversy. Former prime minister Imran Khan will not be taking part, having been sentenced
Iran used two of the UK’s biggest banks to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran’s intelligence services. Lloyds and Santander UK provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company based near Buckingham Palace, according to documents seen by the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of Emirates Airline has warned Boeing was in the “last chance saloon” as he prepared to send his own engineers to oversee the plane maker’s production lines after witnessing a long decline in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak will arrive in Northern Ireland on Sunday evening to meet politicians and community groups after the historic restoration of the region’s devolved government following two years of paralysis. The UK prime minister is
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak is poised to drop plans to fine boiler makers who fail to meet strict production targets for heat pumps in the UK prime minister’s latest retreat from measures to tackle climate change Industry
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of the UK’s two state-of-the-art aircraft carriers will not take part in the largest Nato exercise in Europe since the cold war after last-minute checks identified a problem with its propeller. The Royal Navy