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The writers are US secretary of state and US secretary of commerce Abraham Lincoln once observed: “In the world’s history, certain inventions and discoveries occurred of peculiar value . . . in facilitating all other inventions and discoveries.” Lincoln was speaking of the written word and, later, the printing press. But today, we are living through another such invention:

Rishi Sunak has indicated he is ready to soften the government’s green policies, saying he did not want to “hassle” voters and that hitting the UK’s net zero carbon emissions target had to be done in a “proportionate” way. The prime minister insisted on Monday that “net zero is important to me” but made it

The euro slipped on Monday after data pointed to a slowing eurozone economy, ahead of a raft of major central bank policy decisions later in the week. The single market’s currency fell 0.4 per cent against the dollar to $1.109 after the region’s flash composite purchasing managers’ index, a measure of manufacturing and services activity

Ramón Menéndez Pidal, a distinguished 20th-century Spanish historian, once observed: “In Spain, difference of opinion degenerates into a contest of irreconcilable animosity.” So it proved in the divisive election campaign that culminated on Sunday in an inconclusive result that leaves no clear path to government for any party. Important issues such as the health of

The eurozone’s downturn deepened at the start of the third quarter, according to a closely watched business survey that suggested the region’s economy is shrinking. The HCOB flash eurozone composite purchasing managers’ index, a measure of activity at companies across the 20-country bloc, fell to an eight-month low after a sharper than expected slowdown in

UK economic activity slowed sharply in July as rising interest rates hit consumer spending and a manufacturing downturn deepened, a closely watched survey has shown. The flash UK PMI services output index, a measure of activity in the sector, fell to a six-month low of 51.3, according to new data released on Monday. Meanwhile the

Switzerland’s second-biggest bank, Julius Baer, said it pulled in more than SFr9.2bn ($10.6bn) in new money from clients following the near-collapse of rival Credit Suisse and its takeover by UBS in March — a trend it expects to continue in the coming months. Despite turbulent markets and clients cutting back on borrowing in their portfolios,

The writer is a former chair of the US Federal Deposit Insurance Corporation and a senior fellow at the Center for Financial Stability The US Federal Reserve should feel vindicated in its decision to pause rate rises at its policy-setting meeting last month. Alas, it seems poised to raise them again. Forgive the cliché, but

UK regulators have ended a three-year investigation into the former boss of NMC Health, the FTSE 100 company that collapsed in 2020 after an alleged multibillion-dollar fraud.  The Financial Conduct Authority has shelved its previously undisclosed probe into the hospital operator’s former chief executive Prasanth Manghat, according to people familiar with the matter and a

Tenants are stuck in a financial “pain point” as rates peak in the UK, senior bankers privately admit. Evidence of this may emerge in half-year financial results from high-street lenders this week. But the pain has already started for one acquaintance. Dan, a 23-year-old fan of poetry and punk rock, is attempting the tricky alchemy

The writer is chief executive of the New America think-tank and an FT contributing editor In the age of AI, all the world’s a classroom/ And teachers are the guides to lead the way; With knowledge at the students’ fingertips/ Teachers help them find and use it every day. ChatGPT wrote that adaptation of one