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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. Hipgnosis Songs Fund, the listed UK music rights investment company, has agreed to a $1.4bn takeover from Apollo-backed rival Concord Chorus. The deal follows a strategic review by the company’s board after it lost a

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran is exporting more oil than at any time for the past six years, giving its economy a $35bn-a-year boost even as western countries discuss stepping up sanctions in response to its attack on Israel.

They used to say the British didn’t complain. We were known for our sense of reserve. But the apparent death of customer service in the UK has moved the national conversation on from talking about the weather. Today, we’re more likely to bond over our gripes with banks, energy companies, online delivery firms, airlines, car

Stay informed with free updates Simply sign up to the Central banks myFT Digest — delivered directly to your inbox. Welcome to what Goldman Sachs is calling “reflation desperation”. For policymakers and investors, this will be a nauseating and probably lengthy ride. The embarrassing reset has come about because it turns out the inflation dragon

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A swift demise is better than a slow one. That would certainly be true for Thames Water.  A period of temporary public stewardship is generally framed as a worst-case scenario in discussions about the future

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Michael Gove has insisted ground rents in England and Wales would eventually fall to nominal levels under his leasehold reforms as he accused Conservative opponents to the changes of acting like “rentier” capitalists defending broken

In April last year, a group of nearly 60 EU officials travelled to Sweden on a fact-finding mission to meet Nasdaq Stockholm, operator of the country’s highly successful stock market. During a two-hour session on “capital markets ecosystems”, the exchange’s executives explained why so many small and medium-sized businesses are deciding to list in Stockholm.

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Christine Lagarde, president of the European Central Bank, has poured cold water on US-backed proposals to use more than €260bn of frozen Russian assets to finance Ukraine’s war effort, warning they risked breaking international

A Boeing whistleblower testified to a US Senate committee that the aircraft manufacturer “absolutely” has a culture of retaliation against employees who raise safety concerns. Sam Salehpour, a quality engineer at the company, said he was berated by a manager in response to repeatedly questioning the safety of the 777 and 787 aeroplanes. Separately, he

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Boeing whistleblower testified to a US Senate committee that the aircraft manufacturer “absolutely” has a culture of retaliation against employees who raise safety concerns. Sam Salehpour, a quality engineer at the company, said he

Throughout the six months that Israel has been fighting in Gaza, the public has overwhelmingly supported the war effort, with the vast majority of Israelis backing the goal to destroy Hamas and free the hostages still held in the enclave. But there is no such consensus on how to respond to the threat from Iran,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US House of Representatives is expected to vote on sending additional aid to Ukraine and Israel on Saturday evening, in a move that could send critical support to American allies and end months of

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jane Street’s quarterly trading revenues have surged to their highest level since the start of the pandemic, as the secretive high-speed firm flourished alongside traditional Wall Street market makers. The group expects its first quarter

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Germany has written to dozens of countries including Gulf Arab states to plead for more air defence systems for Ukraine, saying Kyiv needed urgent help to protect its cities, troops and critical infrastructure from

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has been warned by the IMF to take much tougher action to rein in the UK’s public debt, putting a question mark over the prime minister’s cuts to national insurance. The IMF on

Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy. The fund said in its benchmark Fiscal Monitor that it expected the US

Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. Tension between America and China was so bad a year ago that Janet Yellen could not get permission to go there. Now the US Treasury secretary is a social media hit in China. Yellen’s two

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US investors are paying the biggest premiums since October to protect their portfolios against market gyrations as mounting tensions in the Middle East and reduced expectations of interest rate cuts fuel a surge in volatility.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Just before Easter, and with little fanfare, the judges on the European Court of Human Rights announced new guidelines on the contentious interim orders that have, among other things, frustrated the UK government’s Rwanda deportation

A truism of finance is that risk and returns are correlated. The stocks of smaller companies therefore do better than bigger ones in the long run. This is a foundation stone of both investment theory and practice. Sure, they are more volatile and they can suffer long stretches of dismal performance — such as in

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French diver Alexis Jandard committed an Olympics-sized gaffe recently at the inauguration of the new aquatic centre built for the Paris summer games. He spectacularly wiped out during a synchronised dive — in front of