Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK shop price inflation fell below 2 per cent in March for the first time since the start of the cost of living crisis, in a sign that the surge in prices of the past
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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. As global electric vehicle sales growth slows, carmakers and regulators are asking an existential question: is the current slowdown a blip? One scenario sees mass market buyers, who currently balk at higher prices of EVs,
The S&P 500 retreated from a record high to start the second quarter of 2024 on the back foot, with Treasury yields rising as resilient economic data prompting traders to reassess their bets on rate cuts this year. Despite opening in positive territory on Monday, Wall Street’s benchmark swung to close 0.2 per cent lower
Three senior members of Iran’s Revolutionary Guards were killed on Monday in an air strike on the consular section of Iran’s embassy in Damascus, an attack that Tehran has blamed on Israel. The death of Brigadier General Mohammad-Reza Zahedi, a prominent commander of the Revolutionary Guards, marks a significant escalation in hostilities that have engulfed
Striding across the stage with shirtsleeves rolled up, Istanbul mayor Ekrem İmamoğlu was received like a rock star at his re-election rally on Sunday. Revellers lit the sky with flares, dancing and singing as car horns pierced the city’s air late into the night. Meanwhile in Ankara, a sombre Recep Tayyip Erdoğan delivered a speech
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Yields on US government debt rose to their highest levels in two weeks on Monday as stubborn inflation and a jump in manufacturing activity tempered expectations for interest rate cuts in 2024. Benchmark 10-year Treasury
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s media business generated less than $1mn in revenue in the fourth quarter, highlighting the lossmaking business’s precarious financial position even as it maintains a more than $10bn market capitalisation. Trump Media & Technology
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s parliament is to pass a law granting Prime Minister Benjamin Netanyahu powers to close the local operations of Al Jazeera, a news network authorities have long accused of anti-Israel bias. The bill marks the
Residents of Istanbul took to the streets early on Monday to celebrate the results of Turkey’s local polls that handed President Recep Tayyip Erdoğan’s ruling party resounding defeats in some of the country’s biggest cities. © AP The opposition scored decisive mayoral victories against Erdoğan’s Justice and Development party (AKP) in Istanbul, Ankara, Izmir, Bursa
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Vladimir Putin was in East Germany, working for the KGB, when the Berlin Wall fell. In his memoir First Person, published in 2000, Putin recalls asking a nearby Red Army unit to protect the KGB
UK start-ups and small businesses have accused HM Revenue & Customs of putting economic growth and innovation at risk by rejecting legitimate claims for research and development tax relief, delaying payments and clawing back credits. Nine bosses told the Financial Times that the UK tax agency’s administration of the flagship government scheme had left them
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli forces withdrew from al-Shifa hospital in Gaza City on Monday after a major two-week operation that has destroyed much of Gaza’s largest medical facility. The Israeli army promoted the success of the operation, saying
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kim Kardashian has been in the news these past few days for the usual reasons: gossiping about other celebrities, changing her look. But 18 months ago the queen of influencers — estimated net worth $1.7bn
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Angela Rayner has pushed back against Lord Peter Mandelson after the Labour peer criticised her package of employment reforms, likening his complaints to the “squealing” by business over the introduction of the minimum wage. Mandelson,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour plans to swiftly abolish all hereditary peers in the UK House of Lords in its first term in power but will allow the ousted legislators to retain access to the Palace of Westminster as
In the summer of 2023, Rothschild bankers working for Zambia’s government were close to finalising a shortlist of buyers for a prized copper mine. Mopani, a troubled but rare asset formerly owned by resources giant Glencore, had drawn offers worth hundreds of millions of dollars from big names in the mining world eager to gain
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. AstraZeneca chief executive Pascal Soriot would have been forgiven for waving a big “I told you so” sign. In February, the UK pharmaceuticals company hit a long-term sales target that once seemed out of reach.
Employment figures are being closely watched by central bankers around the world as they try to work out when to cut interest rates this year. There’s just one problem: the data might be dodgy. Swings in immigration, rapid changes to working conditions in the wake of the pandemic and lower participation in polls are combining
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The good news confronting the next UK government is that it will be hard for economic performance to get worse. The bad news is that it will also be hard to make it much better.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer chairs the Resolution Foundation, a think-tank The UK’s policymakers don’t often get asked “where did it all go so right?” So let’s hope they enjoy the 25th anniversary of the minimum wage this
Stay informed with free updates Simply sign up to the Utilities myFT Digest — delivered directly to your inbox. Thames Water’s owners will start urgent restructuring talks in the coming days as parent company Kemble risks entering insolvency within weeks unless lenders agree to a debt-for-equity deal, according to people familiar with the matter. Alvarez