Duncan Wanblad took the helm of Anglo American in mid-2022 just as the South African miner reached a record market capitalisation of more than £50bn. Two years later, its larger rival BHP is offering to buy it for £20bn less. The unsolicited move on Anglo — which it rebuffed on Friday as “highly unattractive” —
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Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. Back in 2020, my friend — let’s call him Liam — messaged the group chat. “It’s relentless,” he said, with a screenshot of a message from a woman reading “Still single?” Liam wasn’t complaining
Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. Last week, at a work lunch, I found myself, quite inexplicably, running out of chat. It may have been jet lag, or just exhaustion, but I had zero to contribute. Sure, you say, that
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Wednesday April 17, 5.10am: On waking up, I turn to the student-run Columbia Daily Spectator, my go-to source for campus coverage. It has just posted a story about a new encampment on the South Lawn. University president Minouche Shafik is due to testify later this morning in Washington before the House Committee on Education and
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The writer is author of ‘Command: The Politics of Military Operations from Korea to Ukraine’ The intelligence assessments had to be dire to persuade Mike Johnson to risk his position as Speaker of the House
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England is facing growing Tory pressure for interest rate cuts ahead of its May rate-setting meeting, prompting warnings from economists that politicians should not impinge on the central bank’s independence. Chancellor Jeremy
Microsoft and Google’s owner Alphabet have quashed investor scepticism around the vast sums spent on developing artificial intelligence, after being boosted by rampant corporate demand for their cloud computing services. The combined market value of the two US tech giants rose by more than $250bn on Friday, a day after each reported double-digit revenue growth
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour has sold out its party conference “business day” in under 24 hours, after a “Glastonbury-style” rush saw 500 top executives pay £3,000 for a ticket. The high demand for access to the event, where
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. James Cameron, who dreamt up the evil Skynet artificial intelligence network in his 1984 film The Terminator, says an advanced AI system could one day do his job. “If you have an artificial general intelligence
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Topsy-turvy US economic data released this week left markets in a pickle, but still just outside the danger zone. Official figures revealed on Thursday that the US economy was not necessarily streaking ahead of the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As a clever-clogs analyst a long time ago, I remember ripping a friend’s new business venture apart. Why would you touch such a horrible industry? The profit margins are barely in to double figures! But
King Charles III is to return to public duties next week after temporarily stepping back from the spotlight during treatment for cancer. Buckingham Palace said that the British monarch’s doctors were “sufficiently pleased with the progress made so far that the King is now able to resume a number of public-facing duties”. The King, who
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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. The yen tumbled to a fresh 34-year low on Friday after the Bank of Japan kept interest rates on hold and offered no indication it was in a hurry to arrest the currency’s slide with
When checks on food entering the UK from the EU begin on Tuesday, lorries will have to drive 22 miles from Dover to border control posts at Sevington on the outskirts of Ashford. Anyone found to be carrying unsafe or contaminated food could be asked to turn around and drive back again. The government has
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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. This article is an on-site version of The Lex Newsletter. Premium subscribers can sign up here to get the newsletter delivered every Wednesday and Friday. Standard subscribers can upgrade to Premium here, or explore all
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The chief executive of TotalEnergies has said the French oil major could move its primary listing from Paris to New York as US investors were more positive about the company and supportive of its fossil
On the High Street in Hungerford, a historic market town about an hour west of Reading, is Nigel Montgomery’s stamp and coin shop. He has traded precious metals for about 50 years, but has never seen a gold rush like this: the price of a troy ounce, the unit used to weigh precious metals that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two British nationals have been charged with conducting hostile activity in the UK to benefit Russian intelligence after a suspected arson attack on a London-based business linked to Ukraine. Prosecutors said on Friday that Dylan