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
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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. A convicted former minister vowing revenge against conservative President Yoon Suk Yeol has helped deliver a resounding defeat to the South Korean leader in parliamentary elections. Former justice minister Cho Kuk, convicted on corruption charges
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. Cuts in UK interest rates “should still be a way off”, according to one Bank of England policymaker, arguing investors were underestimating the risk that high inflation would linger for longer in Britain than
Hidden behind tall cactuses shielding an olive grove in the small Tunisian town of Jebiniana, around 300 people take refuge under makeshift plastic shelters, waiting to cross the Mediterranean Sea and enter Europe. One of them is Aruna, a 39-year-old Sierra Leonean who arrived last year. He has already survived an arduous 5,000km journey across
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an external member of the Bank of England’s Monetary Policy Committee As an American living in London, people regularly tell me England and America are two countries separated by a common language.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Over the past week, pop star Olivia Rodrigo has played four sold-out shows at Madison Square Garden, where about 20,000 people, mostly young women, transformed New York’s storied arena into a haze of glitter and
This is an audio transcript of the Rachman Review podcast episode: ‘How do you define a war crime?’ [MUSIC PLAYING] Gideon Rachman Hello and welcome to the Rachman Review. I’m Gideon Rachman, chief foreign affairs commentator at the Financial Times. This week’s podcast is about war crimes. My guest is Boyd van Dijk, a historian
A new rise in US inflation is undermining Joe Biden’s re-election message, threatening the president’s effort to defend his economic record in a crucial phase of the campaign against Donald Trump. The 3.5 per cent annual increase in the March consumer price index followed a 3.2 per cent gain a month earlier, and has made
Stay informed with free updates Simply sign up to the Currencies myFT Digest — delivered directly to your inbox. The dollar jumped to a new 34-year high against the yen in early Thursday trading in Tokyo, briefly pushing the Japanese currency through what was considered a key line of support and reviving market speculation that
US stocks and Treasuries sold off after higher than expected inflation in March dimmed traders’ hopes for near-term interest rate cuts. Wall Street’s S&P 500 index closed 0.9 per cent lower on Wednesday. Every sector declined except for energy, which was helped by a rebound in the price of oil. The tech-focused Nasdaq Composite declined
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas said on Wednesday that three sons of Ismail Haniyeh, the Palestinian militant group’s political leader, had been killed in an Israeli air strike in Gaza. The strike, which targeted a car in the Shati
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. John Paulson, the Republican megadonor considered to be a potential Treasury secretary if Donald Trump wins the presidential election, has warned that the US must not “decouple” from China, striking a more measured tone than
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. Three of the world’s largest commodity traders said their record $23bn in combined profits last year showed they could continue growing strongly without having to turn to public markets. Jeffrey Dellapina, chief financial
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Former Post Office chief executive Paula Vennells previously claimed that sub-postmasters had been tempted to steal from their tills, the public inquiry into the affair has heard. Minutes of a meeting between campaigners and Post
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. Traders slashed bets on imminent Federal Reserve rate cuts on Wednesday after data showed US inflation rose to 3.5 per cent in March, surpassing expectations and marking the second increase in a row. The annual
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iman Abdelshafy al-Fayyad normally marks the end of the holy month of Ramadan with a feast surrounded by family and friends in Gaza. But this year’s Eid al-Fitr is dominated by “profound sadness” as she
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The last time David Cameron, Britain’s foreign secretary, urged Capitol Hill to pass Ukraine aid, he was told to “kiss my ass” by Marjorie Taylor Greene, one of the most vocal pro-Russia Republicans. Washington largely
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hundreds of staff in KPMG’s Netherlands business, including senior partners and managers, cheated on professional exams and the firm misled investigators about the misconduct, according to the US audit regulator. The Dutch arm of KPMG
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What do we do now? Film fans may recall the final scene of The Candidate in which an unexpectedly elected senator asks this question of the campaign chief whose cunning has delivered victory. With Britain
A top EU court has annulled sanctions against billionaires Mikhail Fridman and Petr Aven, finding there was insufficient evidence the two oligarchs backed the Kremlin’s war against Ukraine. The ruling is a big blow to the EU’s sanctions regime against Moscow, which has targeted more than 1,700 people and more than 400 entities, accusing them
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lloyds Banking Group plans to cut jobs in risk management after an internal review found the function was a “blocker to our strategic transformation”. The restructuring was outlined in a memo last month from Lloyds’