Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US has urged Israel not to expand its military attacks in Gaza to Rafah, warning that a major operation in the southern town where more than a million displaced people are sheltering would be
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Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. Barclays has agreed to buy the bulk of Tesco’s banking business in a £600mn deal, as UK supermarket chains accelerate their retreat from financial services. Barclays said on Friday that it would take on Tesco
Adam Neumann’s skill at wooing investors and bankers powered WeWork from a tiny start-up to a continent-spanning co-working giant that touched a $47bn valuation before a crash that led to his abrupt exit in 2019. This week, the charismatic co-founder reappeared, looking to convince a new set of financial titans to let him lead WeWork
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The extent to which young people tend to vote more for leftwing parties and older people for conservatives is often overstated. For all the talk of Donald Trump’s toxicity to America’s diverse youth, almost 40
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Memo to economic policymakers. Global capital is unhappy with the deleterious impact of competition between financial centres on standards of corporate governance and shareholder protection. That much is clear from the pungent critique of proposed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI’s revenues have surpassed $2bn on an annualised basis, as the runaway success of its flagship artificial intelligence product ChatGPT puts it among the fastest-growing technology companies in history. The San Francisco-based start-up’s yearly run
Joe Biden bristled during a fiery appearance at the White House on Thursday night as reporters pounded him with questions about his age and mental fitness to be president. “I know what the hell I’m doing,” said Biden, who is 81. “I’m the most qualified person in this country to be president of the United
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ministers have lowered performance standards for the UK’s largest rail franchise after its operator Govia Thameslink Railway failed on most measures of service quality in the first year of its contract. The softening of the
The US has been Israel’s staunchest ally since Hamas fighters attacked it on October 7. But as US secretary of state Antony Blinken ended his latest visit, it was the two countries’ deepening divisions that were most clearly on display. After a day of meetings between US and Israeli officials, Benjamin Netanyahu, Israel’s prime minister,
Vladimir Putin on Thursday said he believed “an agreement can be reached” to free imprisoned US journalist Evan Gershkovich, suggesting he would swap him for a Russian assassin serving a life sentence in Germany. Russia’s president compared Gershkovich’s imprisonment in Moscow to “a person serving a sentence in an allied country of the US”, a
The S&P 500 stock index has touched the milestone of 5,000 for the first time, setting a fresh record high as a narrow group of companies continued to drive the benchmark upwards. The basket of blue-chip US stocks rose as high as 5,000.4 on Thursday, seconds before closing the session 0.1 per cent higher at
A US Department of Justice report on Thursday cast Joe Biden as a “well-meaning, elderly man with a poor memory” in a damaging portrayal of the president even as he was spared from criminal charges following a months-long probe. The report from special counsel Robert Hur, who oversaw the DoJ’s investigation into Biden’s handling of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer has long argued his party would give businesses the certainty they need to invest in the UK. But the Labour leader’s volte-face on his green investment plan showed how hard that is, even
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. This week, a grim new record was set in the business world: fraudsters used a deepfake bot to trick an employee of a Hong Kong company into transferring $25mn. This is not the first time
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Is there any way that a company can still be considered a bargain if its share price has risen more than five-fold in little more than a year, putting it on the verge of becoming
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. Billions of dollars in US aid to Ukraine were hanging in the balance on Thursday, as several Republican lawmakers voiced fresh disapproval for a new bill that would send $60bn in additional support to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US Supreme Court on Thursday expressed doubts about a decision by Colorado’s highest court excluding Donald Trump from the state’s primary ballot, in a high-stakes election case with consequences for the 2024 presidential race.
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. The UK is set to lag behind its peers in returning inflation to target, a Bank of England interest rate-setter has warned, as she argued for a further increase in the cost of borrowing.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hedge funds have torn up their bets against the dollar after the US economy’s unexpected resilience sparked a rebound for the greenback in the first six weeks of the year. Citibank, one of the world’s
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukrainian President Volodymyr Zelenskyy has dismissed Valeriy Zaluzhny as his top military commander, saying it was time for “renewal” of the country’s armed forces. Zaluzhny will be replaced by the commander of Ukraine’s ground
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. Xi Jinping and Vladimir Putin have rejected US “interference” in their affairs and pledged to strengthen their industrial co-operation after trade between the two countries soared last year. Moscow and Beijing should “cultivate new momentum for