At least 500 tonnes of harmful metals leak into the Welsh environment each year from abandoned mines, according to government estimates obtained by the Financial Times. A Freedom of Information request revealed that 129 sites are “certainly, or highly likely, to be causing failures of water quality criteria”, according to Natural Resources Wales (NRW). While
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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. The UK’s accounting watchdog is in talks to move its headquarters out of the City of London to Canary Wharf or Stratford, as its plans to relocate staff to a second office in Birmingham face
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. The EU is at “higher and higher” risk of systemic financial shocks from climate change, the head of Europe’s environment agency has warned, as research showed the continent should prepare for temperatures at least 3C
A range of global wire services have pulled a Mother’s Day picture of the Princess of Wales and her three children over fears the image of high-profile members of the British royal family may have been digitally manipulated. The Associated Press news agency said it had initially published the photo, issued by the couple’s official
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK prime minister should break up the Cabinet Office and make big decisions with only a handful of key colleagues, according to a report set to be unveiled on Monday by former premiers Sir
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. Rachel Reeves has said she is “under no illusions” about the scale of the challenge that lies in wait for Labour if elected after the government adopted two of its policies to fund tax cuts.
Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. Surge pricing is something that anyone who takes a ride share on a regular basis has become used to. Try calling an Uber or Lyft on a rainy day during the dinner hour or around
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A confidential UN report has accused Israel of widespread abuse of Gazans it has detained during the war with Hamas, according to a copy seen by the Financial Times. The report by the UN agency
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. Americans are increasingly happy about the economy but reluctant to give credit to Joe Biden, according to a new poll that underscores the US president’s challenges as he squares off against Donald Trump in this
Over a 40-year career, Scott Melbye watched the US uranium industry fall from its position as the world’s leading producer of the radioactive ore that powers nuclear reactors to an also-ran with negligible production. Now, the president of the Uranium Producers of America is leading an industry charge to revive mothballed mines and invest in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. State-owned Saudi Aramco boosted its dividend despite profits falling in 2023 to $121bn — down from the record $161bn set in 2022 — as lower oil prices and state-led production cuts weighed on performance. The
Ibrahim al-Kharabishy, a Palestinian lawyer in war-ravaged northern Gaza, considered himself fortunate when he was able to bake for his hungry family with pigeon feed. With shops largely empty and hardly any aid reaching the area, the ground feed — a mix of wheat, barley and corn — at least produced acceptable bread for his
Lobbying firms are paying a premium for political operatives with Labour expertise and contacts ahead of the UK general election, as public affairs executives say they are seeing a surfeit of Conservative staffers looking to “bail out” of government. Several executives at some of the largest lobbying outfits in London said they had been trying
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s Budget, presented last Wednesday by chancellor Jeremy Hunt, followed the usual well-rehearsed choreography. The government sends its policy plans to the independent Office for Budget Responsibility, which forecasts how the resulting public finances
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Staff in EY’s UK deals business have hit out at the company’s management for the way recent job cuts were handled, saying “trust is broken” and that employees feel “deflated” as sales in the department
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Scores of multinationals have heeded Riyadh’s ultimatum to establish regional headquarters in Saudi Arabia or face losing out on lucrative government contracts, but leading banks have been conspicuous by their absence. PepsiCo, Boeing, PwC and
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. Officials from some of China’s most indebted provinces and cities have met leading state bankers in Beijing in recent days as they step up efforts to renegotiate debt payments on billions of dollars in liabilities
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden has accused Israeli Prime Minister Benjamin Netanyahu of “hurting Israel” through his administration’s treatment of Palestinians, but added the US would not set a “red line” limiting his actions against Hamas. The US
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US Department of Justice is investigating the mid-air door panel blowout that terrified passengers of an Alaska Airlines flight two months ago. The airline said that “In an event like this, it’s normal for
The US has widened its productivity lead over Europe, sparking fears in the EU that it faces a “competitiveness crisis” as policymakers call for greater public and private investment. New data released on Friday showed eurozone productivity fell 1.2 per cent in the fourth quarter from a year earlier, while in the US it rose
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Victor Jacobsson, the reclusive co-founder at the heart of Klarna’s boardroom conflict, has bought up a stake in the company via special purpose vehicles to become one of its largest shareholders ahead of an expected