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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. Schroders has kicked off a search for a successor to its chief executive Peter Harrison, who is preparing to retire as the boss of the UK’s largest asset manager after eight years. The £750.6bn FTSE

In the last week of February, a large billboard appeared across the street from Mike Johnson’s home church in Benton, Louisiana. “For such a time as this,” it read, quoting a Bible verse alongside an image of a damaged Baptist church in Berdyansk, Ukraine. It addressed Johnson by name. The advertisement was paid for by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Can there be too much transparency? The UK’s Financial Conduct Authority is under pressure to pause plans to name companies when it opens investigations. At present, it only does this in exceptional cases. Unsurprisingly, the

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels has raided a Chinese security equipment supplier, deploying new anti-foreign subsidy powers in a move that will further inflame tensions between the trading superpowers ahead of a planned visit by President Xi Jinping to

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Diamonds may be forever but they are also seriously on sale. Natural rough diamond prices have collapsed 26 per cent in the past couple of years. Tepid US and Chinese demand for diamond jewellery hasn’t

With a spate of high-profile arrests of suspected Chinese and Russian spies in recent days, Germany’s counter-intelligence agents, once criticised for their lack of mettle, may have come in from the cold.  On Tuesday morning, German police swooped on Jian Guo, a staffer working in the European parliament, accused by prosecutors of spying for China.

Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. The writer is an FT contributing editor Britain is second only to the US as a centre for asset management. The business is fabulously profitable and employs tens of thousands in highly paid jobs. But

In March 2021, an official at Warrington Borough Council in the north of England listened to a pitch to invest in a commercial building 75 miles away in Birmingham. Warrington invested £10mn. The stake is now worth £1.3mn. The matchmaker for the troubled deal between the real estate firm behind the scheme M7 Real Estate

Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. The US Senate has approved a $95bn bill delivering security aid to Ukraine, Israel and the Indo-Pacific region, after it drew overwhelming bipartisan support in a boost to Joe Biden’s top foreign policy priorities.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US app stores will be banned from carrying TikTok in 270 days unless its Chinese owner sells the video-sharing platform after Congress passed a security package that includes measures to counter threats from China. The

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla has been teasing self-driving robotaxis for years. Chief executive Elon Musk now says they are just months away. With typical grandiloquence, he claims that turning the company’s electric fleet into autonomous vehicles could be

The US Federal Trade Commission has voted to ban non-compete agreements across the US economy. The FTC on Tuesday voted 3-2 to implement the far-reaching measure it initially proposed in January 2023, in a bid to avoid wage suppression and protect innovation.  Non-compete contracts have become pervasive across industries, experts say, amid limited oversight and

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla pledged to bring forward the launch of “more affordable” models of its electric vehicles, helping its stock recover some of its recent losses despite reporting a 9 per cent decline in first-quarter revenue amid

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Huge bets by Chinese speculators on rising gold prices have helped super-charge the precious metal’s rally to an all-time high this month, in a sign that Asian traders are beginning to eclipse their western counterparts

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two of Britain’s biggest water companies have failed to map large parts of their sewage networks, underscoring the challenge facing privatised utilities as they try to fix their poor environmental record and reduce spills. Thames

Rishi Sunak has refused to rule out holding a UK general election in July, fuelling speculation among some Conservative MPs that the prime minister might go to the country earlier than expected. Sunak’s aides insist they are still “planning for an autumn election” and most Tory MPs remain convinced the prime minister will play it

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. After two years of wrangling, a bill allowing the UK government to transport to Rwanda some asylum seekers arriving in small boats across the Channel — one of the most egregious pieces of British legislation

Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Some banks are unable to quantify their exposure to private equity, the Bank of England has found, in the latest warning that the $8tn industry could threaten the wider financial system.  BoE regulator Rebecca

Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. The course of disinflation never does run smooth. At the end of last year, futures markets had priced in six interest rate cuts for the US in 2024. My own expectations had also become quite

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French luxury group Kering said it expected sharply lower profits in the first half of 2024 compared with the previous year after sales at its top brand Gucci sank. The Paris-based group said that it

Stay informed with free updates Simply sign up to the Utilities myFT Digest — delivered directly to your inbox. A failure at Thames Water could spread to other water companies and other essential infrastructure, according to investors surveyed by Barclays Research. Three-quarters of investors believed that the potential failure of an unlisted water company such