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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. Chief executives of London-listed companies should be able to be paid like “top-rate footballers” without facing a backlash, according to billionaire financier Lord Michael Spencer. The founder of brokerage ICAP, part of which was sold

Wall Street banks are betting that the blockbuster rally in US stocks will cool next year as investors turn cautious on technology companies’ ability to profit from their big investments in artificial intelligence. Ten major banks, including Morgan Stanley, HSBC and Goldman Sachs, expect the S&P 500 index, the main US equities barometer, to rise

Mitch McConnell is standing in his office smiling. Hanging on the walls are faces, mostly stern, from Washington’s past. McConnell’s portrait might soon join them. Last month, the Republican leader in the US Senate stepped down from the role he has held for longer than anyone in US political history. At the age of 82,

General Motors said on Tuesday that it will restructure its autonomous driving subsidiary, Cruise, so that it focuses on making cars to sell to individuals, rather than developing a robotaxi business. The Detroit carmaker said the move would lower spending by $1bn annually, compared to trying to engineer, build, maintain and operate a fleet of

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. England’s NHS is heading into its busiest ever winter “confused” about the government’s priorities for the service, health leaders have warned, urging ministers to be honest about the trade-offs required to hit performance targets. Prime

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has vowed to speed up regulatory approvals for investors spending $1bn or more in the US, a signal that he will address one of developers’ thorniest complaints when he takes office

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK public sector workers face a fresh pay squeeze next year, after the Treasury said it would not raise taxes to fund more generous awards. The education and health departments said in evidence to independent

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US-based pharmacy chain Walgreens Boots Alliance is in talks over a sale to a private equity firm, in a potential deal that reflects the mounting distress facing the sector. The Illinois-based group had held discussions

€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT

Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. Has rapid economic growth in the world’s high-income countries come to an end? If so, did the bursting of the bubble economy in 2007 mark the turning point? Alternatively, are we at the start of

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Property magnate Nick Candy has left the Conservative party to become the treasurer of Nigel Farage’s Reform UK, the latest high-profile defection to the rightwing populist party as it rises in opinion polls. Candy, who

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s election as US president brings “clear dangers” of a global race to the bottom on financial regulation, the chair of the UK Financial Conduct Authority told MPs. “You can see the

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s financial regulator has been accused of acting in an “irrational” and “unfair” manner when it excluded supposedly “sophisticated” victims of an interest-rate hedging mis-selling scandal from a redress scheme of more than £2.2bn.

Treasury chief secretary Darren Jones on Tuesday launched a six-month “line by line” review of £1.2tn in UK public spending, equipped with a new device to keep ministers in line: a “dashboard” that starts flashing at them if they blow their budget. Ministers will need to input their spending plans within limits that some economists

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blackstone’s roughly £300mn bid to acquire the “Can of Ham” skyscraper in London has fallen through, the latest sign that big-ticket office sales remain stalled by disagreements over what buildings are worth.  The US group,

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world If Iran is a sitting duck and Joe Biden a lame duck, what is Donald Trump? Some might say a bird of prey; others a vulture. A minority think he is a dove.

Stay informed with free updates Simply sign up to the UK energy myFT Digest — delivered directly to your inbox. Brussels is advising EU member states not to allow the UK deeper access to the bloc’s electricity markets, despite industry warnings of higher energy bills for consumers and a slower transition to net zero. In