News

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When I spoke this week to Christopher Groves, a London-based tax lawyer who advises the well-off, he was sitting in the Milan office of his firm Withers. It was not a coincidence. While the UK

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 must revamp its main economic model if it is to avoid repeating its recent failure to forecast surging inflation, former Federal Reserve chair Ben Bernanke has said. The Nobel laureate, who

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Deputy Labour leader Angela Rayner is being investigated by Greater Manchester police over allegations that she potentially broke electoral law by failing to properly disclose her main residence in official documents. Rayner was reported to

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Roaring equity markets and the popularity of a new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income of $1.57bn that was up 36 per cent year

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Profits at JPMorgan Chase rose 6 per cent in the first three months of 2024 from a year earlier, despite the bank paying an extra $725mn charge from US regulators to cover the costs of

Stay informed with free updates Simply sign up to the Chinese trade myFT Digest — delivered directly to your inbox. China’s exports fell sharply in dollar terms in March as lower prices for Chinese goods hit producers in the world’s second-largest economy. The value of China’s exports dropped 7.5 per cent in March against a

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy grew for the second month in a row in February, driven by expansion in manufacturing, raising hopes the UK may be emerging from a technical recession. Gross domestic product rose 0.1 per

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The US has proposed raising tens of billions of euros in debt for Ukraine secured against the future profits generated by Russian state assets that have been frozen by western countries. The G7 group

Chinese President Xi Jinping has dispatched a senior official to Pyongyang to reassert China’s “deep friendship” with North Korea, as concern rises in Beijing and Washington over Kim Jong Un’s blossoming alliance with Russian leader Vladimir Putin. The visit by Zhao Leji, the third-ranking member of the Chinese Communist party’s leadership group, the politburo standing

When Benjamin Netanyahu visited Israeli military recruits this week, he delivered a typically gung-ho speech about the “historic significance” of its war against Hamas in Gaza. “We are, in effect, defending the existence of our state,” he told the young soldiers. Netanyahu reiterated that Israel would move ahead with its offensive on Rafah, the southern

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When millennials first emerged, blinking, into the adult world in the 2010s, they quickly bonded over shared adversity. First scarred by a rocky labour market in the aftermath of the financial crisis, they then realised

Wall Street stocks rose on Thursday, marking a sharp reversal from the previous session as shares in Big Tech companies led the march higher. The benchmark S&P 500 gauge closed up 0.7 per cent, after a drop of almost 1 per cent on Wednesday triggered by a hotter than expected US inflation reading for March. The Nasdaq

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Three more US regulators have opened investigations into how Morgan Stanley’s wealth management division handles potentially risky clients, according to a person familiar with the matter.  The business, which has been central to the bank’s

Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. These are treacherous times for bond traders. A couple of months ago, the market consensus was that the US Federal Reserve would cut interest rates six times this year, starting imminently. By Wednesday, however, investors

Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. Rishi Sunak’s hopes of going into a general election on the back of lower taxes and cheaper mortgages suffered a blow on Thursday as traders scaled back expectations of interest rate cuts in 2024.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activists in Switzerland have triggered a referendum on proposals that would end the country’s harsh economic sanctions on Russia and rule out any punitive restrictions on trade with China.  A delegation for the “Neutrality Initiative”

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Central Bank sent a strong signal that it would consider cutting interest rates at its next meeting in June after holding them at all-time highs on Thursday. The ECB said after its governing

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In February, Rishi Sunak posed for photos beside Blackstone founder Stephen Schwarzman at the groundbreaking ceremony for the private equity giant’s new European headquarters in London. Shovel in hand, the UK prime minister pointed to

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. One of our worst nightmares about artificial intelligence is that it will enable killer robots to stalk the battlefield dispensing algorithmically-determined death and destruction. But the real world is a lot messier than the comic

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 political strategist at BCW communications and former political secretary to Tony Blair “We are the masters now!” These words, attributed to Sir Hartley Shawcross, attorney-general in Clement Attlee’s 1945 Labour government,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US President Joe Biden said his administration’s support for Israel’s security was “ironclad”, following threats from Iran to exact revenge on the Jewish state for a strike on its consulate in Damascus last week. Iran’s