Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK businesses reported easing wage growth expectations in February, according to a closely watched survey by the Bank of England that will support hopes of interest rate cuts later this year. Wages are forecast to
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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 European Central Bank has left interest rates on hold despite cutting its forecasts for inflation and growth, as the eurozone’s ailing economic outlook failed to convince policymakers that price pressures had been tamed. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nothing screams For Sale louder than a cheap sticker price. A number of listed UK companies seem priced for a quick sale. On Thursday, Britain’s largest private building society Nationwide announced it had provisionally agreed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pensioners and higher-income Britons will end up being the big losers from tax and benefit changes pushed through in the current parliament, pointing to a striking shift in political strategy by the governing Conservative party.
Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. The plaintiff is conflicted. The legal arguments appear tenuous. And, in places, the 35-page lawsuit that Elon Musk filed last week with the Superior Court of California against OpenAI reads like a mash-up between a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Biden administration will target billionaires and corporate America with sweeping tax rises as part of a plan to cut the US’s record national debt and boost the president in the polls ahead of November’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For now, Dutch prime minister Mark Rutte can still be spotted around The Hague mopping up his own coffee spills, teaching a weekly social studies class at a mostly immigrant high school, or puttering about
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt said he was looking at ways to dispense with national insurance contributions altogether as he battled criticism he was presiding over continued tax rises for the British public. The chancellor raised the prospect
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. The Budget is about setting the Conservative party
Stay informed with free updates Simply sign up to the Chinese trade myFT Digest — delivered directly to your inbox. China’s foreign trade grew faster than expected in the first two months of this year, driven partly by electronics and increased exports to emerging markets and Russia, with Beijing’s foreign minister touting “a new paradigm”
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nationwide Building Society has reached a preliminary agreement to buy Virgin Money in a £2.9bn deal that would bolster its ability to challenge the UK’s big four banks. Nationwide is offering a total of 220p
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control
Rashad has clashed with family about the US for as long as he can remember, defending America as a “force for good” when relatives railed against US military interventions. When they complained that Washington pushed “liberal values” down Arab throats, Rashad replied that someone had to support human rights in an illiberal region. But “everything
The US has called on Haiti’s embattled prime minister to expedite a “transition” as gangs threaten to take control of the Caribbean country. Ariel Henry is currently in Puerto Rico, apparently unable or unwilling to return to Haiti as gangs regularly attack the airport and police stations. “We are not calling on him or pushing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Chinese man who worked as a software engineer at Google in California has been charged by the US justice department with stealing artificial intelligence trade secrets from the technology giant while covertly working for
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. New York Community Bank will raise more than $1bn in a deal led by the investment firm of former US Treasury secretary Steven Mnuchin, in an effort to shore up its finances and calm fears
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Canary Wharf Group will receive a £118mn loan from a government housing infrastructure fund to support developing a life-sciences centre, a healthcare diagnostic facility and several hundred new homes. Chancellor Jeremy Hunt flagged the funding
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt’s overriding message in his big pre-election Budget was that hard economic choices are paying off in the form of tumbling inflation, improved growth and the promise of more cuts to personal taxes. Left
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British fiscal events are essentially political. This is particularly true when an election looms. But they need to have the trappings of economic sense and fiscal probity. This is particularly true for Jeremy Hunt, a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK taxpayers funded a £15,000 settlement in the libel case brought by a university academic falsely accused by science secretary Michelle Donelan of supporting or sympathising with Hamas, the government said on Wednesday. The payment
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The trick is not to give too much attention to the numbers because none of them will hold. This was a payday loan of a Budget, designed to get a hand-to-mouth government from here to