Kemi Badenoch, business and trade secretary, was on Tuesday locked in a new political row, this time over her contested claim that she was engaged in trade talks with Canada, negotiations Ottawa insists do not exist. Badenoch told MPs “explicitly” on January 29 that talks with Canada were “ongoing” to avoid a March 31 tariff
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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. Nikki Haley slammed Donald Trump on Tuesday and rejected calls to suspend her presidential campaign, saying she felt “no need to kiss the ring” and endorse his bid for the White House. “I refuse to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. After two heavy by-election defeats last week, rightwing Conservatives are twisting Rishi Sunak’s arm to shift further to the right on issues such as migration. Absurd as it might seem for a government that has
Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. Europe has long looked across the Atlantic at the US economy with a mixture of horror and awe. The EU population would not accept the health and social inequalities in America, but it wishes it
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Lawmakers in Germany’s ruling coalition are set to vote this week on a motion that could finally push Chancellor Olaf Scholz to deliver long-range precision Taurus cruise missiles to Ukraine. A draft resolution prepared
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Walmart said prices for some of its products did not decline as much as it had anticipated during the most recent quarter, reflecting the sticky inflationary environment in the US that is prompting investors to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A tinkle of warning bells is ringing Down Under for investors still waiting for recessions to bite or eagerly anticipating a swift global pivot to interest rate cuts. Earlier this month, Australia’s central bank —
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Barclays has increased the number of its bankers earning more than €1mn a year by 49, even as the lender cut bonuses on the back of a loss in 2023. The bank, which reported a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The eurozone’s collective wage growth has slowed for the first time in 18 months, but economists said the decline was unlikely to be enough to ease rate-setters’ concerns over high inflation. Data released by the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Barclays’ ties to Britain date back more than 330 years. Expect it to become even more UK-focused in future. Barclays chief executive, CS Venkatakrishnan (Venkat), has recognised he must put more capital towards the bank’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England sees “encouraging signs” in important areas of inflation, its governor has said, adding that the bank did not need price growth to hit its 2 per cent target before reducing interest
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. This article is an on-site version of our Chris Giles on Central Banks newsletter. Sign up here to get the newsletter sent straight to your inbox every Tuesday Disappointing US CPI inflation last week finalised
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Because it wasn’t profane or even vivid, the most telling statement Donald Trump has made since leaving office didn’t hold the world’s attention. Asked in a Fox News interview last summer whether he would defend
Stay informed with free updates Simply sign up to the Russian politics myFT Digest — delivered directly to your inbox. Russia has arrested a US-Russian dual citizen on treason charges for allegedly raising funds on behalf of Ukraine’s army. The FSB security service said the unnamed woman lived in Los Angeles and had organised fundraisers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden raised more than $42mn in January, giving him a record-breaking $130mn war chest ahead of the November US presidential election despite mounting concerns over his age and weak polling numbers. The campaign said
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Monzo is nearing a new round of funding that would value the British digital bank at about £4bn, according to people familiar with the matter, in a sign of investor confidence in its expanding business.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Barclays has announced a plan to return £10bn to shareholders over the next three years and rein in costs as chief executive CS Venkatakrishnan attempts to revive the UK bank’s languishing share price. In a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer, a former universities minister, is a visiting professor at King’s College London and chairman of global digital skills platform FutureLearn Universities need a concordat with government on international students. Political support for them
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is author of ‘Black Wave’, distinguished fellow at Columbia University’s Institute of Global Politics and an FT contributing editor On Sunday, Israel’s prime minister, Benjamin Netanyahu, and his cabinet approved a resolution rejecting
One of the cryptocurrency industry’s highest-profile hedge fund firms has been accused of “criminal” mismanagement and raided by a Swiss prosecutor, in a dispute with an investor over losses suffered following the collapse of crypto exchange FTX. Geneva-based Tyr Capital Partners is alleged to have ignored an internal risk limit and investor warnings over its
Stay informed with free updates Simply sign up to the US banks myFT Digest — delivered directly to your inbox. Bad commercial real estate loans have overtaken loss reserves at the biggest US banks after a sharp increase in late payments linked to offices, shopping centres and other properties. The average reserves at JPMorgan Chase,