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Maria Berlinska, one of Ukraine’s drone warriors, articulates in three sentences what regiments of social scientists struggle to explain in reams of research papers. “We have to be innovative, man. You know why? Because we would like to survive,” says Berlinska, who heads her country’s Victory Drones project, in a recent FT Film on Ukraine’s

The UK Financial Conduct Authority has ordered asset managers to justify the fees charged on their funds, as firms come under mounting pressure from cheaper passive funds and new consumer protection regulation. The regulator on Thursday said a review of authorised fund managers showed that tensions between profitability concerns and assessments of funds’ value for

UK discount retailer Wilko has collapsed into administration, putting 12,000 jobs at risk after rescue talks with prospective suitors failed. Chief executive Mark Jackson said on Thursday that management and advisers had left “no stone unturned when it came to preserving this incredible business but must concede that with regret, we’ve no choice but to

European equities and Wall Street futures rose on Thursday ahead of a closely watched US inflation report that investors expect will influence the Federal Reserve’s next policy move. European and Asian equities were also boosted after China said it would end a ban on tour groups travelling to dozens of countries, boosting the shares of

This summer, Dylan, a 22-year-old trainee lawyer from the Jersey Shore, decided to come clean to his family and friends about a shameful secret: he had borrowed and gambled $50,000 in just over a year. His first bet was a promo deal on the betting app DraftKings on last year’s Super Bowl: bet $5 on

US inflation in July is expected to have risen at roughly the same pace as in June, suggesting that price pressures in the world’s biggest economy are continuing to ease and strengthening the case for the Federal Reserve to hold interest rates steady at its next meeting in September.  The consumer price index (CPI) is

The sidewalk outside Manhattan’s Roosevelt Hotel was teeming with traffic, much of it streaming to and from nearby Grand Central Station. But Giselle Rondon was oddly stationary. That seems fitting since Rondon, 36, is trapped in a kind of purgatory. For the past six weeks, Rondon, her husband and two children have been living at

Behavioural scientists treat us all as bundles of bias. We are swayed by the first piece of information we see (anchoring bias), we do not doubt ourselves enough (overconfidence bias) and we dislike change (status quo bias). We’ll fight harder to avoid losses than to make equivalent gains (loss aversion) and we’ll overstate the chances

Rishi Sunak is weighing whether to follow US president Joe Biden in restricting outbound investment into the Chinese tech sector, including artificial intelligence, chips and quantum computing. Biden announced the new security regime on Wednesday but the UK prime minister has been more circumspect. His government is consulting business and the financial sector before deciding

Months before global law firm Dentons decided to decouple from its Chinese affiliate Dacheng, its staff in western nations were advised against travel to the country. Some professionals who had visited China were “delayed by many weeks” when they attempted to leave, a person close to the firm said, prompting a policy change. Chinese authorities

UK house sales are set to fall as high mortgage rates deter buyers, while rental prices surge as tenants enter bidding wars for the few properties available to let, according to a leading property survey published on Thursday. The monthly report by the Royal Institution of Chartered Surveyors paints a contrasting picture of a slower

Fernando Villavicencio, a presidential candidate in Ecuador, was shot dead on Wednesday evening as political violence continues to threaten the country’s upcoming election. Villavicencio, a former lawmaker and journalist was killed by gunmen during a campaign event at 6pm on Wednesday, local media first reported. Ecuador’s president Guillermo Lasso confirmed Villavicencio’s death on social media,