Giorgia Meloni’s government has started formal proceedings to put Europe’s largest steelworks under special administration after failing to agree with ArcelorMittal on the plant’s future. Invitalia, Italy’s state investment agency and a stakeholder in the plant’s operations, took the first step in formally requesting the appointment of a special administrator to run the company earlier
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Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. Jeremy Hunt has called in Britain’s largest banks to discuss why they remain so poorly valued compared with global peers, as ministers seek feedback on how to help boost the sector and the competitiveness of
Will.i.am, the Grammy-award winning rapper from the Black Eyed Peas group, has long mesmerised millennials with his music. This week, however, he grabbed the attention of economists, government ministers and corporate leaders with a different tune — a vision for artificial intelligence. As debates about AI dominated this year’s World Economic Forum meeting in Davos, will.i.am
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tens of thousands of public service workers staged the largest strike in decades in Northern Ireland on Thursday as anger intensified over almost two years of political paralysis at Stormont. Nurses, teachers, paramedics, classroom assistants,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Who wants to do their banking where they buy their bread? Not many people, judging by the flight of Britain’s supermarkets from financial services. Sainsbury’s has announced a “phased withdrawal” from its banking business. Tesco
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has refused to say whether he expects asylum seekers to be sent from the UK to Rwanda before the next election, as his bill aimed at curbing irregular migration heads for more scrutiny
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. The west’s energy watchdog has said the world could generate a “substantial surplus” of oil this year as faltering economic growth hits demand and non-Opec countries step up production to record levels. The International Energy Agency
Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. Think of a city you know, and try to picture it five years from now. Will its streets be full of electric cars, some of them self-driving? If so, then the current travails of electric
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. After much flip-flopping, Prime Minister Rishi Sunak has plumped for John Major’s winning 1992 strategy as his “narrow path” to victory in the UK general election expected to be held this year. The Conservatives will
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Fujitsu has agreed to suspend bidding for UK public contracts pending the conclusion of a public inquiry into the Post Office Horizon scandal. Alex Burghart, Cabinet Office minister, told MPs that the government had on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. A bruising few days for the government ends
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Taiwan Semiconductor Manufacturing Company forecast a return to strong growth this year, with revenues expected to grow by up to 25 per cent as the global chip market pulls out of a deep trough. “We
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in luxury watch retailer Watches of Switzerland plummeted by over 30 per cent on Thursday after the company became the latest luxury group to warn on profits. Watches of Switzerland, seller of Rolex, Audemars
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pakistan carried out a pre-dawn attack on suspected militant bases in Iran on Thursday, a retaliatory strike that threatened to escalate tensions after Iran attacked a jihadi group in Pakistan this week. Pakistan’s foreign ministry
In October 2019, hundreds of wedding guests flew in from around the world to the grandest resort on the French riviera, the Hotel du Cap-Eden-Roc. But this was to be no ordinary stay at the pleasure palace immortalised in F Scott Fitzgerald’s novel Tender is the Night. The groom had rented out the entire resort,
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 giving pirates a hard time to keep the arteries of global trade flowing, the US is definitely your go-to country. For decades, America’s navy has patrolled the world’s shipping lanes to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. AI-washing has reached consumer tech. Dozens of internet-connected devices are now described as powered by artificial intelligence. But amid the AI grills and mattress toppers, the gadget attracting most attention is a smartphone replacement that
Bobby Jain’s new hedge fund is falling short of its original $8bn-$10bn fundraising target, thwarting his ambition for the industry’s largest-ever debut. The Credit Suisse veteran and former co-chief investment officer of Millennium Management has told potential clients he is now aiming to launch Jain Global in July with $5bn-$6bn of assets, according to investors.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US has launched strikes on Houthi targets in Yemen for the fourth time as the Iran-backed rebel group continues to target commercial ships transiting the Red Sea. US Central Command forces on Wednesday conducted
A US appeals court has lifted its stay on a sales ban on two editions of the Apple Watch, creating another hurdle in the tech giant’s legal dispute with health technology company Masimo over patents for its blood oxygen tracking function. The International Trade Commission ruled in October that Apple was violating Masimo’s patents with
Rishi Sunak’s election supremo Isaac Levido this week issued a stark warning to Tory MPs, telling them: “Divided parties fail.” But the Conservative rebellion over the government’s Rwanda asylum bill over the last 48 hours is an ominous sign for the prime minister that the warning is not being heeded. Tory MPs may have pulled