Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The owners of Thames Water lent the £500mn that the utility later presented as “new equity funding”, in a move that will raise further concerns over the financial stability of Britain’s largest provider of water
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Susanna Murray’s estranged husband Jasper is growing impatient. He is pushing for the two to commence divorce proceedings as quickly as possible and has offered to buy her out of their house in return for not coming after her pensions. But Susanna, a healthcare worker who works on temporary contracts, doesn’t want to start what
More than 20 Conservative MPs have written to Rishi Sunak urging him not to renege on Britain’s human rights commitments in his bid to send asylum seekers to Rwanda, as the party’s civil war over migration escalates. Tory tensions on migration have run high this week, with one ally of the prime minister warning the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top UN official has warned that Gaza risks being plunged into a humanitarian “tsunami”, as a temporary truce between Israel and Hamas ended and Israeli forces resumed their offensive on the besieged strip. Philippe
Sky Xu, the intensely private Chinese billionaire founder of fast-fashion group Shein, will be thrust into the spotlight when the ecommerce group, once valued at $100bn, launches its planned listing next year. There is scant information available online about the man whose company’s explosive growth was made possible by the social media age. Shein’s website
Stay informed with free updates Simply sign up to the Companies myFT Digest — delivered directly to your inbox. What if the government made companies hand a slice of their profits to workers? In Britain and America, the question is about as live as the pigeon that met my cat. But the idea is not
Tesla revealed on Thursday that pricing for the cheapest model of its much-hyped and long-delayed Cybertruck will start at $60,990, as the electric-car maker officially began the first deliveries of the futuristic-looking vehicle. The price tag for the Cybertruck, with its unconventional angular shape and steel body, is higher than the starting price of just
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla revealed on Thursday that pricing for the cheapest model of its much-hyped and long-delayed Cybertruck will start at $60,990, as the electric-car maker officially began the first deliveries of the futuristic-looking vehicle. The price
Clapped into the Treasury in June 2007, the new chancellor Alistair Darling was picked as a safe pair of hands, cast in the new Labour mould of managerial ministers. Darling’s old friend from Scottish politics, Gordon Brown, had been impressed by his smooth running of the transport department, keeping it off the front pages after
Hamas released two more women held hostage in Gaza as the delicate exchange of Palestinian prisoners for Israeli hostages entered its sixth day, under the cover of a truce brokered by Qatar. Up to 10 Israelis were expected to be released from captivity on Thursday, as US secretary of state Antony Blinken met Israeli and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top US official said Washington was “profoundly concerned” about Turkey’s role in facilitating Hamas’s access to international finance, underscoring how the war in Gaza is fuelling rising tension between the Nato allies. Brian Nelson,
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. The United Arab Emirates is preparing to launch a $30bn climate-related investment fund with BlackRock, TPG and Brookfield, according to people familiar with the matter. The launch comes as the UAE attempts to bolster its
Stay informed with free updates Simply sign up to the Capital markets myFT Digest — delivered directly to your inbox. Investors are piling into risky assets in the growing belief that the Federal Reserve and other major central banks are close to winning their battle with inflation, fuelling the biggest rally in global stocks since
Federal Reserve officials are preparing to leave their historic interest-rate raising campaign on hold next month for the third meeting in a row — but that does not mean they are ready to discuss cuts. Since July the federal funds rate has held steady at a 22-year high of 5.25 per cent to 5.5 per
The American dream, a term first used by a Depression-era historian named James Truslow Adams, is all about upward mobility. Any US citizen, if they work hard, should be able to not only succeed, but rise above the station of their parents. In The Epic of America, published in 1931, Adams acknowledged that the ongoing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Alistair Darling, who was Labour chancellor of the exchequer during the financial crisis, has died at the age of 70. A spokesperson for the Darling family announced the death of the veteran Labour politician at
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ever since the first recorded battle in the 15th century BC at Megiddo, where Pharaoh Thutmose III’s forces crushed the rebellious Canaanites (and gave rise to the term Armageddon), our species has been steadily,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Arabia has won provisional backing for further oil production cuts by the Opec+ group, boosting oil prices to the highest in three weeks ahead of a crucial meeting of the cartel. The meeting, which
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Inflation in the eurozone has fallen far more than expected to 2.4 per cent in November, the slowest annual pace since July 2021, providing some relief to consumers and fuelling hopes that interest rates could
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. This year has “shattered” climate records and is set to be the hottest since measurements began, with greenhouse gas and sea levels reaching all-time highs and Antarctic sea ice at record lows, a pattern set
In late 2020, Huawei was fighting for its survival as a mobile phone maker. A few months earlier, the Trump administration had hit the Chinese company with crippling sanctions, cutting it off from global semiconductor supply chains. The sanctions prevented anyone without a permit from making the chips Huawei designed, and the company was struggling