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Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. It’s a jungle out there in British politics. You never know when someone you have just sacked is going to turn around and tell you that, while she regrets to say it, you’re

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy Having successfully stabilised the economy following a close call with a severe financial and economic crisis a year ago, UK

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Northvolt has made a breakthrough in a new battery technology used for energy storage that the Swedish industrial start-up claims could minimise dependence on China for the green transition. The Swedish group, backed by Volkswagen,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tether deposited more than $1bn with a financial services group founded by a Tory party donor who last year was indicted on allegations of bribery by US authorities. The world’s largest stablecoin issuer placed the

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When the UK issued its first index-linked gilt in 1981, critics warned that a profligate government could store up problems for future generations. That day might have come. Ahead of the Autumn Statement this week,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As stories of value destruction go, OpenAI’s is among the greats. The generative artificial intelligence company was on the cusp of selling shares at an $86bn valuation. One internal coup later and its chances of

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chancellor Jeremy Hunt is set to unveil sweeping reforms to the pension market to give British workers a “pot for life” as he pushes forward with an agenda to unlock retirement capital for economic growth.

Events: Alibaba cofounder Jack Ma’s family trust is due to sell 10mn of the ecommerce company’s American depositary shares for about $871mn. The group’s shares fell as much as 10 per cent after lacklustre results earlier this month. General Agus Subiyanto, a close ally of President Joko Widodo, is expected to be confirmed as the

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors have cheered the victory of radical libertarian Javier Milei in Argentina’s presidential election despite worries about a rocky government transition and huge economic challenges ahead. Argentine stocks and bonds rose in trading outside the

This month, China’s new finance minister Lan Fo’an told markets what they had been waiting to hear — Beijing would boost budget spending to support a struggling post-pandemic recovery in the world’s second-largest economy. China is to deploy an arsenal of local and central government bonds, including a new Rmb1tn ($140bn) treasury facility — which

Argentina’s voters have taken a leap into the unknown after electing Javier Milei, a radical libertarian outsider, as president in the hope that his promise of shock therapy can cure its sickly economy. Rightwing populists in the shape of Donald Trump and Italian premier Giorgia Meloni were quick to offer congratulations to Milei, the mop-haired

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In its blazingly brief history, OpenAI has become famous for two things: astronomical technological ambition and comical corporate governance. That is not a happy combination. The board’s abrupt sacking of Sam Altman, OpenAI’s chief executive,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Boris Johnson was “bamboozled” and “confused” by the scientific modelling and data presented to him during the pandemic, the UK’s Covid-19 public inquiry heard on Monday. The hearing was shown some of the diary entries

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The boss of Huel said he was open to a sale of the meal replacement maker, admitting that the flagging initial public offering market has made a UK listing less attractive.  Chief executive James McMaster

What’s happened now? The artificial intelligence company OpenAI fired its co-founder Sam Altman, who then joined Microsoft. Some other people have changed their jobs too but none is as famous as Altman. Do I need to care? Not really, unless you’re a Microsoft shareholder, in which case you still don’t need to care that much.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The NHS has agreed a deal with global pharmaceutical companies after tense negotiations, raising the growth cap on the health service’s bill for branded drugs from a 2 per cent annual increase to 4 per

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “A date that will live in infamy” was how Franklin Delano Roosevelt described December 7 1941 — the day that Japan attacked America at Pearl Harbor, killing 2,403 US personnel, including 68 civilians. In response,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Javier Milei may have won an unexpectedly large majority in Argentina’s presidential election but the self-declared “anarcho-capitalist” faces huge obstacles to implementing his radical programme to shrink government and dollarise the economy. Argentina’s dire state,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Microsoft has hired Sam Altman and Greg Brockman to lead a team conducting artificial intelligence research, days after the pair were pushed out of OpenAI, the company they co-founded. Writing on X on Monday, Microsoft

OpenAI’s convoluted corporate structure was designed to protect its board of directors from normal commercial pressures and ensure that the advanced artificial intelligence the company was building would always serve humanity. Instead, the unusual arrangement tipped off a crisis this weekend that threatened to tear apart the company at the forefront of the global race

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI’s board has selected Emmett Shear, co-founder of video streaming service Twitch, as its interim chief executive in an unexpected move which is likely to deepen rifts at the company exposed by the sacking of