Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A video of New Yorkers celebrating Joe Biden’s presidential win, a parody post describing Donald Trump as “dumb” and a call to “lock him up” were among the social media indiscretions unearthed by the former
News
Canada’s federal government wants its largest pension funds to invest more in domestic companies, and is hiring the former governor of the central bank to entice them. Stephen Poloz, who led the Bank of Canada from 2013 to 2020, has been given the task of convincing Canada’s pension funds, which manage more than C$4tn (US$2.9tn),
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chancellor Jeremy Hunt has raised the possibility of further tax cuts before the next general election as he counts on recent reductions to national insurance and the prospect of lower interest rates to improve the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak suffered a blow on Tuesday as dozens of Conservative MPs, including several ministers, voted against his flagship legislation to ban smoking by anyone in the UK born after 2009. The prime minister pledged
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. US Federal Reserve chair Jay Powell has said it is likely to take “longer than expected” for inflation to return to the central bank’s 2 per cent target and justify cuts to interest rates.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US House Speaker Mike Johnson’s plan to hold votes on funding for Ukraine and Israel faced a growing threat as members of his Republican party revived a bid to remove him from office. Kentucky Congressman
Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. Ukraine’s international bondholders have formed a creditor committee ahead of a $20bn debt restructuring that Kyiv is aiming to negotiate by September, amid uncertainty over the arrival of funding to help in its war with
From cyber attacks against nuclear sites to mysterious explosions at military bases, Israel has mounted dozens of covert operations against Iran during its decades-long shadow war with the Islamic republic. In one case blamed on Israel, a prominent nuclear scientist was assassinated outside Tehran using a remote-operated machine gun. But Israel has never before had
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The decision by Iran to escalate its conflict with Israel by launching a barrage of armed drones and missiles brings the risks of open war between the two countries, possibly involving the US, yet closer.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain may this year fail to achieve even the tepid growth rates recently predicted by the government’s official economic forecaster, the IMF suggested on Tuesday as it downgraded UK growth estimates. UK gross domestic product
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. The US is on track to grow at double the rate of any other G7 country this year, according to IMF forecasts, as the strength of the world’s biggest economy rocks global markets. Strong household
Stay informed with free updates Simply sign up to the Renewable energy myFT Digest — delivered directly to your inbox. Shell’s former chief executive has joined private equity group KKR as a senior adviser for energy transition investments in his first corporate role since stepping down from the oil and gas major. Ben van Beurden,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bank of America’s first-quarter profits fell by almost a fifth as the country’s second-largest bank was hit by losses tied to office loans and credit cards. Profits fell to $6.7bn in the first three months
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a senior counsellor at Centerview Partners, president emeritus of the Council on Foreign Relations and a former US diplomat On Saturday, Iran launched a barrage of drones, cruise missiles and ballistic missiles
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Morgan Stanley’s profits rose 14 per cent in the first quarter, fuelled by a rebound in its investment banking and trading business and a better than expected performance from its juggernaut wealth management division. Morgan
Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Global stock markets sank and Asian currencies were hit by a rising dollar on Tuesday, as investors’ hopes for rapid US interest rate cuts waned and fears grew over the conflict in the Middle East. Indices
This article is an on-site version of our Chris Giles on Central Banks newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters On Friday, Ben Bernanke published his report into forecasting and communication at the Bank of England.
Stay informed with free updates Simply sign up to the Currencies myFT Digest — delivered directly to your inbox. Indonesia’s central bank intervened to support the rupiah on Tuesday, while the Indian rupee slumped to a record low as a surging dollar sparked a rout in emerging market currencies. Escalating tensions in the Middle East
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s war cabinet is to meet later on Tuesday for a third straight day to consider its response to Iran’s weekend attack, as international pressure mounts on the Jewish state to show restraint and avoid
Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. UK wage growth was higher than expected in the three months to February, but a sharp rise in unemployment led traders to cement bets on the Bank of England cutting interest rates this year. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Austria’s Raiffeisen Bank International recently posted dozens of advertisements for Russia-based jobs indicating ambitious plans to grow in the country, in apparent contradiction to its official pledge to exit the market. The Financial Times has