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 Europe Express newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday and Saturday morning Good morning. A mega scoop to start:
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Before big games at Paris Saint-Germain’s home ground, the crowd of diehard ultras, well-heeled French elites and international celebrities are treated to a pyrotechnic show as a booming voice reminds them: “Ici, c’est Paris”. Over the past year the French champions have also hosted executives from US investment group Arctos Partners, which has been thrashing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The past 12 months have provided a fascinating experiment in the effectiveness of different conservative strategies on immigration. Canada and Britain are large English-speaking countries whose conservative parties each appointed a new, young leader in
When can investors expect inflation to fall and central banks to ease the pressure on interest rates? This was the question that dominated stock markets in the US, UK and eurozone in 2023. After the US Federal Reserve raised rates to tackle soaring inflation, investors agonised over whether the Fed had done enough to tame
Clifford Asness’s office is an odd mix of finance old-timer and teenage bedroom. Books about Churchill stand alongside DC Comics encyclopaedias, the sea of family photos is dotted with islands of vintage Marvel memorabilia, and next to his computer a jar of Pepcid sits next to a jumbo bottle of sriracha. The Pepcid has probably
RTX says over the summer it discovered issues with an estimated 1,200 P&W engines fitted to Airbus commercial jets © Reuters US aerospace and defence group RTX has appointed the former head of its Pratt & Whitney business as its new chief executive, as it continues to navigate the recall of aircraft engines made by
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A former high-ranking FBI agent who agreed to work as a covert investigator for Russian oligarch Oleg Deripaska has been sentenced in New York to more than four years in prison, after pleading guilty in
Europe’s top central bankers insisted on Thursday it was too soon to let down their guard against high inflation despite an extraordinary volte-face hours before by Jay Powell, chair of the US Federal Reserve. While the European Central Bank and the Bank of England appear determined to push back against rate-cutting speculation, their protests risk
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. EU leaders agreed to open accession talks with Ukraine at a charged summit on Thursday, after Hungary’s prime minister relented in his opposition to the historic step for the war-torn country. The decision marks
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. As far as the Bank of England is concerned, it is too soon for a pivot in the battle against high inflation. That was the strong message from Threadneedle Street on Thursday, just hours after
Back in 2015, when Volodymyr Zelenskyy was “just” a comedy star with the Kvartal 95 troupe, he joked on television that securing American military aid was “like installation of [a] new app on PC [personal computer]”. “In the beginning it is all smooth and fast” but, when the “last percentage remains”, the process glitches —
Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. Global stocks climbed towards multiyear highs while bond yields tumbled on Thursday as traders raised their bets that central banks would begin an aggressive round of rate cuts next year. The sharp moves came after
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Central Bank has left interest rates unchanged, even as it cut its inflation forecasts for 2023 and next year. The ECB’s decision on Thursday came as investors ramped up their bets that major
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jay Powell, chair of the US Federal Reserve, has confirmed what the bond market had already surmised: the pace of US price inflation has peaked. US Treasuries and other global bonds have rallied over the
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. The Bank of England kept rates steady at 5.25 per cent on Thursday as governor Andrew Bailey warned there was “still some way to go” before inflation hit its target. The BoE’s Monetary Policy
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 pollster, political consultant and author The reason Donald Trump is currently overperforming as an anti-system, anti-immigrant candidate is that Joe Biden hasn’t realised yet the rules of the next US presidential
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. If you owned rate-sensitive, high-risk stocks yesterday you have Unhedged’s permission to sell and take the rest of the year off (Carvana, Zillow, SoFi, et al rose 10 per
There are roughly 325,000 married women in Japan with the family name Watanabe. The country has about the same number of Mrs Itos, significantly more Mrs Suzukis and almost twice as many Mrs Satos. But for some reason and for some decades, Mrs Watanabe has been the one chosen to stand as the symbolic byword
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 professor emeritus at the Stern School of Business at New York University and a co-founder of Atlas Capital The launch of Bitcoin in 2009 was accompanied by strident claims that cryptocurrencies
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The author is director of the Centre for European Reform The conventional wisdom in Brussels is that the EU is moving inexorably towards a major round of enlargement. Commission president Ursula von der Leyen makes
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US, the UK and France are exploring ways to convince Hizbollah to pull back from the Lebanon-Israel border in a diplomatic push to prevent a full-blown conflict erupting between the militant group and Israel.