Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. The global benchmark oil price has topped $90 a barrel for the first time since October as flaring tensions in the Middle East exacerbate an already-tight market. Brent crude oil futures rose 1.5 per cent on
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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. Joe Biden has warned Benjamin Netanyahu that US support for Israel’s war in Gaza depended on its efforts to address the humanitarian suffering in the enclave, as he called for an “immediate ceasefire” in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Lewis, the British billionaire whose family owns Tottenham Hotspur football club, will avoid being sent to prison for insider trading, after a federal judge in Manhattan agreed on Thursday to sentence the 87-year-old to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government on Thursday came under increased pressure to end arms sales to Israel following the killing of seven aid workers in an air strike in Gaza earlier this week. In a letter to
Early this year Donald Trump participated in a live town hall event on Fox News. In previous years, this would not be a surprise, or even noteworthy. As president, the former reality-television star and obsessive cable news viewer made Fox an extension of his White House, where he installed a large flatscreen TV in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What can be done to cut inflation? That is a question haunting central bankers right now, given the “disappointing” trajectory of consumer price data in America, among other places. It is also worrying politicians such
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The global boss of consulting firm Accenture has been accused of publicly “shaming” an ousted senior executive, who has alleged that the firm discriminated against him because of a neurological disability. Peter Lacy, Accenture’s former
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Is Intel in the middle of one of the greatest turnarounds in business history? Or has Washington just committed to pouring tens of billions of dollars into a flailing has-been in a vain attempt to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A grandson of French billionaire François Pinault has joined the board of Christie’s in the first sign of third-generation succession planning within the family behind luxury group Kering. François Louis Nicolas Pinault, 26, replaced family
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European house prices fell for the first time in a decade last year, as strong growth in the property markets of some eastern and southern countries was masked by declines in many northern EU states.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sell signals come in many forms. Traditional City of London wisdom, for instance, holds that a splashy new headquarters is reason to steer clear of a stock. That is one way to look at Kering’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Police in Italy and several other European countries have arrested 22 people and seized assets worth €600mn in connection with alleged fraud involving the EU’s post-pandemic recovery fund. The Italian financial police said it had
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Seventy-one years ago, Francis Crick burst into the Eagle pub in Cambridge to announce to startled lunchtime drinkers that he and his fellow researcher James Watson had discovered “the secret of life”. Their deciphering of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two Chinese state-owned banks hold a crucial role in the future of Thames Water, as part of a group of lenders involved in a stand-off over debt at the parent company of Britain’s largest water
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A while ago, I gave a talk to investors in which I mentioned that Donald Trump was a threat to democracy. It seemed to me a banal statement of the obvious. Trump doesn’t believe in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. JPMorgan’s latest offering is not a private credit fund, banking app or AI-powered stock picker. It is advertising. America’s largest bank, with more than $2.4tn in deposits, is getting into the ad-selling business. A new
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gucci owner Kering has bought a retail block on Milan’s top shopping street from Blackstone for €1.3bn in Europe’s biggest property deals for two years, as intense demand from luxury groups helps high-end retail real
I have a recollection of some 18th-century Frenchman once writing: “Collectors are like a man who eats oysters — he chooses the best at first but ends up eating them all.” Collectors will recognise this tendency. I confess I count myself in this camp, though I am having counselling to resist the urges. For me
In March, officials from 194 countries came together to agree on a global plan to deal with a threat known as “Disease X”. The ominous code name refers to the as yet unknown illness expected to one day ravage the world in a repeat of Covid-19 — or perhaps inflict even worse damage. This fear
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The commercial power of K-pop and the torque created by its domestic and global fan base are a thing of exquisite late-stage capitalist beauty. South Korea has bred an adaptable, remorseless apex predator to feed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Few trade conflicts can be calibrated quite so precisely, commodity by commodity, as the China-Australia spat whose denouement continued to play out last week. Four years after Beijing started to impose trade bans in retaliation
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