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Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. The founders and top executives of the largest private equity groups in the US have seen the value of their shares rise by over $40bn since the beginning of 2023 as new assets have poured

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. PwC is forcing some junior consultants in the UK to spend an extra six months on its graduate scheme because there is not enough work to promote them. The Big Four firm told nearly 100

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Prime Minister Rishi Sunak is facing an exodus of MPs that will outstrip the number of losses his party suffered ahead of its landslide defeat in the 1997 general election as he heads to the

Jonathan Reynolds, shadow business spokesman, has vowed that a future Labour government would create a modern tax system for people genuinely living in the UK for a short period of time, to replace Britain’s “colonial-era” non-dom regime. Reynolds, on a visit to India, said a Labour government would seek to attract people from around the

As markets boost their bets on interest rate cuts this year, investors are heavily focused on exactly how low borrowing costs will ultimately fall as the inflationary menace retreats.  Central banks including the Federal Reserve and European Central Bank will be influenced by an elusive and controversial concept: the so-called neutral rate of interest —

Avraham Levy’s stall in Jerusalem’s Machane Yehuda Market has lost more than 40 per cent of its revenues since the start of Israel’s war with Hamas. But he would rather suffer an even bigger fall than see Israel stop fighting the Palestinian militant group. “The Arabs only understand power . . . After what Hamas did, we need to

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chair of Rockefeller International At a time when leaders around the world are struggling with record low approval ratings, Indonesian president Joko Widodo is ending his time in office on a high.

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 faculty member at Yale, formerly chair of Morgan Stanley Asia, and is the author of “Accidental Conflict: America, China, and the Clash of False Narratives”  There is more to economic vitality

Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. Diamondback Energy is closing in on a deal to buy Endeavor Energy Resources for around $25bn, according to people familiar with the matter, beating ConocoPhilips in a race for one of America’s most

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US President Joe Biden has warned Israel that it needs a “credible” plan to protect civilians before moving ahead with a new military operation in southern Gaza near the border with Egypt. Biden issued the

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Former Finnish prime minister Alex Stubb will become the Nordic country’s next president after elections billed as the most consequential in decades following Russia’s full-scale invasion of Ukraine. Stubb beat Pekka Haavisto, foreign minister until

Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. Decades ago, the economist Arthur Okun — chair of the Council of Economic Advisors under Lyndon Johnson — advocated what he called a “high-pressure economy”. He meant one in which expansionary policies could create higher

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tech companies have axed 34,000 jobs this year as they rejig their workforces to invest in new areas such as generative artificial intelligence to power their next phase of growth. Microsoft, Snap, eBay and PayPal

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russian forces are using Starlink terminals on the front line in Ukraine, according to the Ukrainian military, which said the adoption of Elon Musk’s satellite internet service by Moscow’s troops was becoming “systemic”. Ukraine’s

Stay informed with free updates Simply sign up to the UK energy myFT Digest — delivered directly to your inbox. The British government is seeking to take control of a key site in Wales earmarked for a nuclear power plant as part of wider plans to revamp nuclear technology for the UK.    State-owned Great

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour was embroiled in a fresh row over antisemitism on Sunday after it was revealed that its candidate for an upcoming by-election espoused conspiracy theories about Israel. Azhar Ali, Labour’s candidate in the North West

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli leaders have hit back at a credit rating downgrade from Moody’s, the first in the country’s history according to a finance ministry official, with Prime Minister Benjamin Netanyahu arguing it was a result of

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is executive director at Spotlight on Corruption After every corporate scandal, there are loud calls for senior heads on sticks. The UK Post Office scandal is no exception, with demands that senior executives

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. The

The Federal Reserve is set to press ahead with plans to cut rates despite an unexpected surge in jobs growth in January, with a $7tn immigration-led economic boost and fewer job vacancies convincing officials the labour market is unlikely to trigger inflation. Fed officials said this week that last Friday’s payrolls data, which showed the

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two years ago, the west stunned the rest of the world by imposing unprecedented economic sanctions on Russia after Vladimir Putin’s assault on Ukraine. Yet the euphoria in western capitals about this response turned to