In last year’s Independence Day speech at the Red Fort in Delhi, Narendra Modi made a bold pledge: India would become a developed economy by 2047, when it celebrates 100 years since its founding. The country had three things in its favour, the prime minister declared: “demography, democracy and diversity”. The vow would have seemed
News
Tech stocks surged on Monday, bouncing back after blue-chips slumped last week to end a nine-week bull run. The tech-heavy Nasdaq Composite rose 2 per cent on Monday afternoon, heading towards its best day since mid-November as chipmaker Nvidia led the Magnificent Seven group of tech stocks with a 5.5 per cent gain. The benchmark
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Senior figures in the Hizbollah and Hamas militant groups were killed on Monday in separate incidents, the latest in a spate of deaths attributed to Israel that have fuelled fears of a wider conflagration in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. United Airlines has found loose bolts on some plugged doors of its grounded 737 Maxes, threatening to widen Boeing’s problems as it expands public scrutiny beyond the single plane that suffered a mid-air blowout on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The lunar mission that was to have returned the US to the Moon for the first time in 50 years appeared to be in jeopardy after a failure in the propulsion system resulted in a
Stay informed with free updates Simply sign up to the US & Canadian companies myFT Digest — delivered directly to your inbox. Not all aeroplane malfunctions can take more than 8 per cent off of two companies’ market capitalisations in a day. Boeing isn’t just any manufacturer, however; it’s been less than five years after
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The mid-air breach of the fuselage of an Alaska Airlines Boeing aircraft has put the spotlight on Spirit AeroSystems, one of the plane maker’s biggest suppliers. Spirit, which built the door panel that blew out
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The most talked-about holiday TV viewing in Britain was not a Hollywood blockbuster or a Netflix fantasy drama. It was a dramatisation of the real-life scandal of hundreds of sub-postmasters wrongly accused by the Post
Rishi Sunak on Monday set out what Tory MPs dubbed a “1992 election strategy”, as he warned voters not to risk derailing a nascent economic recovery by putting the Labour party into office. The UK prime minister said the Conservatives, who have presided over years of political upheaval, could provide “peace of mind” for the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. So much for Boeing’s comeback year. Five days into the new year Dave Calhoun, head of the US aerospace group, finds himself returning to crisis management. On Friday, an unused emergency exit door — known
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. On Friday, passengers on Alaska Airlines flight 1282 were subjected to the terrifying ordeal of watching a piece of the 737 Max 9 aircraft they were on tear away, leaving a gaping hole in its
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French President Emmanuel Macron was expected to name a new prime minister after accepting the resignation of Élisabeth Borne, as he seeks to inject new energy into a government weakened by repeated battles in parliament
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Oil prices dropped sharply on Monday as Saudi Arabia’s decision to cut its official selling price for oil exports in February overshadowed heightened tensions in the Middle East. Brent crude, the international oil benchmark, fell 3.9
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has backed calls for a review into whether Paula Vennells, former Post Office chief executive, should be stripped of her CBE as outrage grows over the Horizon IT scandal. The UK prime minister’s
Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. Blackstone Group has raised $1.3bn for a private equity fund tailored to wealthy individual clients, signalling a revival of momentum in its efforts to reach investors beyond its base of institutions such as pension funds.
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 Swamp Notes newsletter. Sign up here to get the newsletter sent straight to your inbox every Monday and Friday Let’s be honest. Chris Christie has been a
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 Luis, 28, and his wife, Maria, 26, squat among the patchwork of air mattresses, sleeping bags and blankets that they call home, in a disused part
Shares in Boeing and supplier Spirit AeroSystems both tumbled on Monday as investors weighed the financial fallout from Friday’s mid-flight accident on an Alaska Airlines aircraft. US investigators announced on Sunday that they had located the door that blew out of the Boeing 737 Max during the flight. The incident prompted an emergency landing and
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. “I believe in America.” That phrase has rattled around my head, throughout the rise, fall and rise again of Donald Trump. Only belatedly did I recall that this comforting sentiment is the opening
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bet365 chief Denise Coates earned close to £300mn last year in pay and dividends from the UK-based gambling group, confirming her position as one of the world’s best-paid executives. Coates was paid about £221mn in
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. The Conservative party has found a song to