Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a retired RAF Air Marshal who was formerly director-general of Joint Force Development at the UK Ministry of Defence When General Sir Patrick Sanders, head of the UK army, made a speech
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In December, a group of about 100 former employees of Carlyle Group gathered at the law firm Latham & Watkins in Manhattan just before the Christmas holidays for a party among old friends. In earlier years, the unsanctioned gathering was frowned upon by the buyout group’s previous chief executive. But at Latham’s offices, Harvey Schwartz,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The market’s stubborn hopes of a first cut to US interest rates in March were finally crushed over the past week by strong economic data and firm messaging from Jay Powell, chair of the Federal
Shares of data analytics group Palantir soared 16 per cent in after-hours trading on Monday after its quarterly profits blew past median forecasts. The company reported $93.4mn in net income in its fourth quarter, far above expectations for $65.6mn. It posted $608.4mn in revenue, also above consensus estimates. Palantir is best known for its ties
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. Washington’s top diplomat, Antony Blinken, held talks with Saudi Crown Prince Mohammed bin Salman in Riyadh on Monday, part of the US’s push for an “enduring” peace deal in the Middle East even as
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A senior Bank of England official on Monday said it was a question of when and not if the central bank started reducing interest rates as a “reward” for continued declines in inflation, as policymakers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. From France to Germany, to Italy, to Greece: the juggernaut of EU farmers’ protests rolls on. Agricultural protests are as old as the EU itself — and farmers, who can bring along tractors and piles
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Bob Sternfels welcomed guests to a memorial for McKinsey’s revered former global managing partner Ron Daniel on New York’s Park Avenue last Thursday, it was not clear if his own tenure in that role
Stay informed with free updates Simply sign up to the Accountancy myFT Digest — delivered directly to your inbox. The US accounting firm Baker Tilly has agreed to sell a majority stake to the investment groups Hellman & Friedman and Valeas, marking the largest private equity deal to date in the sector. The sale gives
Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. US private equity firms are rushing to take advantage of lower borrowing costs by loading debt on to their portfolio companies and then using the cash to pay dividends to themselves and their investors. Corporate
Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. The Bank of England will lack crucial insights on unemployment as it makes key decisions on interest rate cuts in the coming months after the rollout of a new official jobs survey was delayed until
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a contributing columnist, based in Chicago Back in 2016, Brian Pannebecker was the first Donald Trump fan I had ever met. The wiry, energetic Michigan autoworker, whose Midwest twang sounded like home
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A drone attack on a military base housing US troops in Syria has killed at least six allied Syrian fighters, the first major attack since Washington launched retaliatory strikes against Iran-aligned militias accused of targeting
Volodymyr Zelenskyy is considering a sweeping “reset” of Ukraine’s military and civilian leadership in an attempt to reinvigorate its war effort nearly two years since the start of Russia’s full-scale invasion. The Ukrainian president on Sunday evening confirmed reporting by the Financial Times last week and suggested that he was not only seeking to replace
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The CBI has settled legal action brought against it by its former director-general Tony Danker after his dismissal in April, the UK business lobby group said on Monday. Danker was sacked last year after an
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. There are still many months to go before the US presidential election. But Donald Trump is already having a deeply malign effect on American foreign policy. At Trump’s behest, Republicans in Congress are
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is co-chair of Meta’s Oversight Board and former prime minister of Denmark From the United States to the United Kingdom, India to Indonesia, Mexico to South Africa, roughly half of the global population
Stay informed with free updates Simply sign up to the Global inflation myFT Digest — delivered directly to your inbox. A rapid fall in US inflation has opened the way for interest rate cuts within months, the OECD said, but it warned that Britain would suffer from the G7’s fastest price growth. The OECD’s interim
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Yandex, the company often referred to as “Russia’s Google”, has agreed to sell its operations in the country in a cash-and-shares deal worth Rbs475bn ($5.2bn) to a consortium of Russian investors and spin off its
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Consider the tale of two $20bn-something companies — both of them private equity buyouts. Thirty-five years ago, when Kohlberg Kravis Roberts pounced on the food-to-tobacco conglomerate, RJR Nabisco, the private equity industry hit mainstream headlines
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When it comes to antitrust policy, Americans are from Mars and Europeans from Venus. That was my takeaway from a major competition policy conference last week in Brussels, where all the top US and European