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Since Bernard Looney resigned as BP chief executive in September, the energy major has presented his departure as an isolated incident: the result of one man’s failure to disclose to the board past relationships with colleagues. Former employees, shareholders and others familiar with BP paint a more complicated picture. They say Looney’s rise and fall

Microsoft chief executive Satya Nadella’s decision to throw his company’s lot in with OpenAI in 2019 has turned into one of the tech industry’s most successful partnerships, giving the software company a huge head-start in the booming market for generative artificial intelligence. His closeness with OpenAI chief Sam Altman, underlined when Nadella turned up on

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is professor of politics at the University of Oxford, author of ‘Why Politics Fails’ and this year’s BBC Reith Lecturer, starting on November 29 With a UK general election almost certain to be

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A tentative four-day ceasefire between Israel and Hamas appears to have taken hold, setting the ground for the staggered release of 50 hostages held by Hamas and 150 Palestinian prisoners in Israel. The Qatari-brokered ceasefire

Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. The Bank of England cannot afford to relent in its battle against high inflation just because it sees signs of weakening economic activity, its chief economist told the Financial Times. Huw Pill said UK monetary

This is part of a series, “Economists Exchange”, featuring conversations between top FT commentators and leading economists Like many of its peers, the Bank of England was badly wrongfooted by the scale of the inflationary upsurge in 2021. Since then, it has been attempting to prove it has got to grips with the problem, ratcheting

© Jose Jacome/EPA-EFE/Shutterstock Daniel Noboa has been sworn in as president of Ecuador, as the country faces debt repayments, social unrest, and surging crime. Noboa, 35, the son of banana magnate and five-time presidential candidate Álvaro Noboa, has yet to finalise his cabinet. Curbing drug-related violence in the Andean nation will be Noboa’s priority, with

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A senior intelligence officer in the Israeli military dismissed as an “imaginary scenario” the contents of a detailed warning predicting Hamas’s raid of October 7, two people familiar with the discussions said. Sentries on Israel’s

Jeremy Hunt has left a poisoned pill for his successor at the Treasury after the next UK general election, with economists warning that the £20bn tax cuts the chancellor pledged in this week’s Autumn Statement implied deep cuts to public services in the future. The multibillion-pound giveaway on personal and business taxes was achieved by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bank of England governor Andrew Bailey this week warned the market not to expect interest rate cuts soon. He might rethink that hawkish tone if he studies Virgin Money’s full-year results, given that its customers

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. An escalating strike against Tesla by a group of Swedish unions has been branded “insane” by Elon Musk as the industrial action threatens to disrupt the US carmaker’s operations in other parts of Europe.  Around

The US foiling of an alleged plot to assassinate a prominent Sikh separatist on American soil has shone a harsh light on India’s covert operations abroad and created a potential obstacle to the deepening alignment between the world’s two largest democracies. The case of Gurpatwant Singh Pannun, along with the June murder of Hardeep Singh

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. After almost seven weeks of devastating conflict between Israel and Hamas, a deal to secure the release of 50 women and children held hostage by the Islamist group and to pause hostilities has at last

Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. The current UK parliament is on track to be the worst on record for household income growth, according to a think-tank analysis that lays bare the parlous state of living standards underlying this week’s Autumn

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Qatar’s foreign ministry has said that a temporary ceasefire and hostage release deal between Israel and Hamas would take effect on Friday, after the long-awaited agreement was delayed by a day. The ceasefire, which Hamas

Technology entrepreneur Lawrence Jones has been found guilty of raping two women in the early 1990s and of sexually assaulting a third woman a decade ago while she worked at UKFast, the web-hosting business he founded.  The 55-year-old was on Thursday unanimously convicted of raping the two women in Manchester 30 years ago. He was

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Net migration to the UK hit a record 745,000 last year — 139,000 higher than previously estimated — with big increases in non-EU nationals coming for work, the Office for National Statistics said on Thursday.

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is founder of Sifted, an FT-backed site about European start-ups The failings of OpenAI’s corporate governance regime have been laid brutally bare in recent days. On Friday, the four independent board members of

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Virgin Money has missed profit expectations as it made a bigger than expected provision for bad loans to account for rising credit card arrears owing to the cost of living crisis. The challenger bank reported

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I was chatting with my teenage daughter the other day when she mentioned climate change. Inevitably, it causes her anxiety. She will probably live to see many coastal cities go under, countries become too hot

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt has left a £20bn hole in the budgets of strained public services by favouring tax cuts over higher public spending in his Autumn Statement, the fiscal watchdog said on Thursday. Richard Hughes, head