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Jeff Yass’s Susquehanna International Group first invested $80,000 in ByteDance, the Chinese owner of TikTok, on the back of an idea sketched on a napkin in a Beijing coffee shop more than a decade ago. His global quantitative trading firm followed up with another $2mn months later, becoming the first big backer of ByteDance founder

In recent days, both the UK’s ruling Conservative party and the opposition Labour party have rebuffed an EU offer to open talks on an bloc-wide “youth mobility scheme”. The rejection comes despite successive Tory governments trying to negotiate bilateral agreements with several big EU countries, while Labour has promised to deepen relations with Europe if

The sight of a scowling Donald Trump sitting in a New York courtroom, flanked by lawyers, is by now so common that it no longer surprises. Still, there was an added, unspoken tension when the former — and perhaps future — US president appeared in Manhattan criminal court on Monday morning. The charges he was

The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering. The antitrust regulator on Monday alleged that the acquisition would eliminate “head-to-head” competition among the groups’ brands, including Capri’s Michael

Stay informed with free updates Simply sign up to the Retail & Consumer industry myFT Digest — delivered directly to your inbox. The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Goldman Sachs has moved its top investment banker for European financial companies from London to Paris, as the Wall Street bank finalises its post-Brexit relocation plans. Dirk Lievens, who is head of Goldman’s financial institutions

Britain’s top financial regulator on Monday faced mounting pressure to abandon its plan to “name and shame” companies under investigation, with claims the move would undermine the City of London and unfairly tarnish reputations. Bim Afolami, City minister, said the Treasury was engaging with the Financial Conduct Authority over its plan, amid growing concerns in

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. 1. In dollar terms. 2. In euro terms. 3. By market cap. 4. Equally weighted. 5. By value of stocks traded. And as an unadvertised bonus . . .  6. Inflation adjusted. Further reading:— FTSE 100 closes at

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US hedge fund Elliott Management has been buying the bonds of troubled British utility company Thames Water, in a bet that markets have grown too pessimistic over the size of losses that investors may have

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The economic sentiments from last week’s IMF and World Bank meetings were sanguine, at least compared to warnings of a ponderous recovery at the last meetings in October. Key to the mood is the surprising

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The FTSE 100 closed at an all-time high on Monday as rising expectations for UK interest rate cuts weakened sterling and boosted corporate valuations in London. Britain’s blue-chip index rose 1.6 per cent to close

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 the Royal Shakespeare Company Artists from different disciplines coming into schools and attempting to boost an element of children’s education is nothing new. Their input, often seen as injecting fun

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Manhattan prosecutors accused Donald Trump of lying “over and over again” about payments made in the days before the 2016 election to prevent claims of an extramarital affair with a porn actor becoming public, as

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Greece and Spain are under intense pressure from their EU and Nato allies to provide more air defence systems to Ukraine, as Kyiv demanded more aid at a meeting of EU foreign and defence

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A husband and wife team conspired to smuggle sensitive military technology, including a sophisticated laser, out of Europe on orders from Chinese state intelligence, German prosecutors have alleged. The couple — named only as Ina

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has acknowledged that his showpiece policy to transport asylum seekers to Rwanda will miss his original spring deadline. But as he stepped up his bid to win final parliamentary approval of the plan,

Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. The writer directs the Center on the US and Europe at the Brookings Institution At the weekend, Congress finally unblocked the $61bn Ukraine aid bill, and sighs of relief were heard across European capitals,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of Israel’s military intelligence has resigned, making him the first senior official in the country’s military or political leadership to step down over the failures that led to Hamas’s devastating October 7 attack

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The public listing of European private equity firm CVC Capital Partners will net one of its co-founders, Donald Mackenzie, a windfall of up to €150mn. Mackenzie, who recently stepped back from the company he founded

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Connor Teskey, the 36-year-old president of Brookfield Asset Management and the designated successor at the global investment firm, is also known as “the next Bruce” (Bruce Flatt is the chief executive officer). In 2022 Teskey

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