Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tom Hayes has failed in his attempt to overturn his conviction for rigging an interest rate benchmark as the Court of Appeal in London upheld the guilty verdict handed to the former UBS and Citigroup
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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. Endeavour Mining said an investigation into former chief executive Sébastien de Montessus had discovered two more “deliberately disguised” payments totalling $15mn to an unnamed third party. The London-listed gold miner fired de Montessus in January,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS has agreed to sell $8bn worth of loans to private capital group Apollo, as it winds down parts of its investment bank linked to the purchase of Credit Suisse last year. Apollo originally entered
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. China’s President Xi Jinping met a group of US chief executives on Wednesday as American business leaders sought to mend ties frayed by geopolitical and trade tensions between the world’s two largest economies. The gathering
It took Israel’s military several weeks and three divisions, backed by heavy air and artillery strikes, to reach and attack Gaza’s al-Shifa hospital last year. Last week a small force of commandos and tanks, numbering little more than a brigade, about 1,000 troops, encircled the strip’s largest medical facility in a matter of hours. Yet
As Xi Jinping toured China’s central Hunan province last week, local officials were called forward to inform the nation’s powerful leader on their plans to accelerate the development of “new quality productive forces”. The slogan, rooted in 19th-century Marxist thinking, has in early 2024 become shorthand for Xi’s vision of economic growth underpinned by China’s
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. Crypto is playing at dressing-up. This is a largely harmless exercise, but also a cunning disguise. The mission is to make the world’s wildest and most countercultural market look grown-up. On that front, the true believers
Stay informed with free updates Simply sign up to the Science myFT Digest — delivered directly to your inbox. The writer is a science commentator As soon as the White House press conference was over, the panic began. Responding to Donald Trump’s suggestion in April 2020 that injecting disinfectant might rid the lungs of coronavirus,
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. US small-cap stocks are suffering their worst run of performance relative to large companies in more than 20 years, highlighting the extent to which investors have chased megacap technology stocks while smaller groups are weighed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “Maybe there should be some more defendants in this case,” Judge Kevin Castel wondered aloud during a 2020 federal trial he was overseeing. There was, however, only one person being tried: Mohammed Ali Rashid, a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The much-vaunted solid-state battery for electric cars is still years away from commercialisation with “a lot of showstoppers” blocking its development, said the head of the Chinese company that dominates the industry. In an interview
US stocks ended Tuesday slightly lower, changing directions in the last hour of trading in the second session of a holiday-shortened week. The blue-chip S&P 500 fell 0.3 per cent, while the tech-heavy Nasdaq dipped 0.4 per cent. The drop on Tuesday was unlikely to represent a longer-term trend for stocks, analysts said, as both
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s politicians are failing to champion UK trade and inward investment because of fears over reawakening old divisions on Brexit, the British Chambers of Commerce has warned. Goods exports and inward investment have struggled in
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. The cryptocurrency firm chaired by former UK chancellor Lord Philip Hammond hosted a party where guests were served sushi off two scantily clad models, raising new questions about the culture of the industry. Copper, which stores
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has been banned from making disparaging statements about potential witnesses, jurors or prosecutors in his upcoming “hush money” trial, after a judge ruled the former US president’s posts could torpedo the case. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. NatWest Group’s new chief executive Paul Thwaite has slashed his executive committee to remove “unnecessary complexity” as the bank embarks on an era without the UK government as a controlling shareholder and prepares for a
Are we witnessing the return of fascism? Is Donald Trump, to take the most important contemporary example, a fascist? Is France’s Marine Le Pen? Or Hungary’s Viktor Orbán? The answer depends on what one means by “fascism”. But what we are now seeing is not just authoritarianism. It is authoritarianism with fascistic characteristics. We must
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli officials on Tuesday lashed out at a UN Security Council resolution calling for a ceasefire in Gaza, claiming it had encouraged Hamas to reject a deal to free the Israeli hostages it is holding
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Once again, Donald Trump is defying the establishment. The blank cheque merger phenomenon that swept US capital markets during the pandemic has largely abated. Cash shell companies brought a series of immature businesses to public
Less than a year after the Taliban retook power in Afghanistan following the US’s chaotic 2021 withdrawal, President Joe Biden vowed the country that once harboured Osama bin Laden would “never again . . . become a terrorist safe haven”. Yet a surge in international terrorist threats linked to Afghanistan is raising alarm among governments that the country that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in Donald Trump’s social media business rose 26 per cent ahead of its New York market debut on Tuesday, valuing the former US president’s stake at about $5bn as he faces massive legal bills.