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Shortly after Vladimir Putin ordered the invasion of Ukraine in 2022, the US banned all imports of Russian oil, liquefied natural gas and coal. But not all energy supplies were included in the US sanctions, nor in those of its European allies. On the contrary, western powers have taken care not to interrupt the flow
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Populism is a potent form of democratic politics. Unfortunately, it is also a destructive one, weakening institutions, damaging debate, and worsening policy. It can threaten liberal democracy itself. The Brexit saga is an object lesson in the dangers: it has damaged what was long thought to be among the world’s most stable democracies. The recent
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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. Several days ago, over the Martin Luther King Jr holiday weekend in the US, the big four accounting firm PwC announced that it would be dropping some of its diversity targets in the US. Race-based
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Round two of the Republican primary season takes us to New Hampshire this week, and former president Donald Trump is once again the runaway favourite. The pressure at this Tuesday’s caucuses is on the also-rans, particularly Nikki Haley. She finished third in Iowa last week, underperforming polls, and is facing pressure from her backers to
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Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. When Donald Trump took to the stage last Monday after his historic victory in the Iowa Republican caucuses, he struck a relaxed, disarming tone. He spoke fondly of his late mother-in-law (whose home cooking, he joked,
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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. When the Financial Times interviewed James Gorman just before Christmas, the then-Morgan Stanley chief executive was clear: the past decade had produced huge growth for Wall Street groups like his, while European competitors had been
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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 UK has been a world leader in academia for centuries. Its philosophers, inventors and scientists have had a significant global impact. That legacy continues today: 17 of its universities rank in the global top
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The market town of Bawku, crammed into a nook of Ghana’s most north-eastern region, is about a day’s drive from the country’s coastal capital, Accra. But the distance between the two places is not merely geographical. While Accra boasts rich culture, nightlife and a steady stream of tourists, rural Bawku has become a tinderbox of
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Across the dozens of economic indicators released by China’s National Bureau of Statistics this week, few demonstrated the difficulty of pinning down the state of the world’s second-biggest economy better than the steel data. Just months ago, steel output — previously subject to an informal cap as Beijing sought to curb emissions and production —
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Just five years ago, Andreas Wolf was struggling to convince investors of his plans to turn the Bavarian automotive supplier Vitesco Technologies into a specialist in parts and systems for electric vehicles. “Nobody believed in it,” the Vitesco CEO said, underscoring just how late the incumbent automotive industry was to realise that combustion engine cars
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