Stay informed with free updates Simply sign up to the US banks myFT Digest — delivered directly to your inbox. Profits in the US banking sector tumbled almost 45 per cent year on year in the final quarter of 2023, even as the squeeze on consumers eased and confidence grew that the US economy would
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Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. When Robert Hur was appointed in January 2023 to oversee the politically delicate investigation into US President Joe Biden’s handling of classified information, US attorney-general Merrick Garland hailed his “long and distinguished career
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. BP is set to book a $700mn windfall due to tax changes aimed at boosting corporate pension fund investment in the economy. Last year, chancellor Jeremy Hunt announced plans to relax the tax charge on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The amount US financial institutions have loaned to shadow banks such as fintechs and private credit groups has passed $1tn, as regulators warn that growing ties between traditional and alternative lenders could present systemic risks.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Imran Khan’s allies have accused Pakistani authorities of rigging the vote count in Thursday’s election to block them from power after they achieved a stunning electoral success. Candidates loyal to Khan’s Pakistan Tehreek-e-Insaf party won
On a rain-lashed Thursday afternoon in early February, the departure lounge at Southend Airport is empty. There are just two flights taking off from the terminal 36 miles east of central London that once aspired to break into the top tier of British aviation. Away from the tarmac, the near-deserted site in Essex is at
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India’s attempts to claw back social security payments worth tens of millions of pounds for its workers in the UK have become a sticking point in trade talks between the two countries. Kemi Badenoch, Britain’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government was adamant on Friday that it would not accept plans from the judiciary that would have rolled back Prime Minister Rishi Sunak’s pledge to exonerate victims in the Post Office Horizon scandal
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Democrats sought to rally around Joe Biden on Friday after they were left reeling by a special counsel’s report that cast the US president as a “well-meaning, elderly man with a poor memory”. As the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oops, they did it again. For what feels like the 100th time in the past couple of years — honestly I lose count — investors have embarked on a big rethink on what happens next
Bit Brother, a Chinese tea retailer that has branched out into cryptocurrency mining, is an unlikely candidate to top the trading leader boards in the vast US stock market. But for the past two months an average of 572mn shares in the lossmaking firm, whose market value is less than $2mn, have changed hands each
The highway from the Belgian city of Namur to Brussels suffered a traffic jam like none other last week. Around 700 tractors and 1,500 farmers blocked the road, many staying for 36 hours. It was not an isolated event. Farmers who have been protesting across the EU for several months have dramatically escalated their actions
Sir Keir Starmer on Friday was accused of shredding his political credibility and his hopes of converting Britain to “clean power” by 2030, after the Labour leader junked the party’s flagship £28bn green investment plan. The slow-motion scrapping of Starmer’s most expensive policy was ridiculed by Conservative Prime Minister Rishi Sunak, who said Labour’s plan
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer, an FT contributing editor, is chief executive of the Royal Society of Arts and former chief economist at the Bank of England British politicians spent the first few weeks of the year love-bombing business.
Joe Biden’s fitness for the presidency was thrust to the centre of the 2024 White House race after Robert Hur, the special counsel investigating his handling of classified documents, issued a report on Thursday citing troubling memory lapses Biden experienced while being interviewed during the probe last year. The assessment of Biden’s mental confusion —
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak made £1.8mn in capital gains last year, his largest in four years, according to figures that highlighted the UK prime minister’s wealth as he tries to win the support of a British public
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Candidates loyal to imprisoned former prime minister Imran Khan have won a shock victory in Pakistan’s election, defying a military-backed campaign of arrests and harassment to mount an unexpected bid for power in the country
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thursday ought to have been a good day for Joe Biden. America’s Supreme Court heard arguments that Donald Trump was unfit to hold office because he fuelled an insurrection; the former Fox anchor Tucker Carlson
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global cocoa prices have soared to record highs as bad weather batters harvests in the world’s main producing countries in West Africa. New York cocoa prices surged to $5,874 per ton on Thursday, a rise
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer has insisted the British public would “appreciate” him being “straight” about Labour’s plans for the economy after he slashed the party’s long-standing £28bn annual green spending commitment. Starmer on Friday said Labour
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s national security rules on screening foreign investment in British companies should be strengthened to counter threats from China and Russia and to protect media freedoms, according to an influential committee of MPs. The