Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation slowed sharply to an annual rate of 4.6 per cent in October, driven by a fall in the energy price cap, meaning prime minister Rishi Sunak has met his pledge to halve inflation by year
News
Plunder: Private Equity’s Plan to Pillage America by Brendan Ballou (PublicAffairs) There have always been two ways to make money: value creation and plunder. A good society is one in which the first outweighs the latter. In this powerfully argued book, Ballou, currently at the antitrust division of the US Department of Justice, insists that
Indonesia’s President Joko Widodo is a man in a hurry. Accompanied by a vast retinue of cabinet ministers, his chef, and 100 chief executives he has travelled to the heart of Borneo’s rainforest to oversee his audacious plan to build a new capital there. In 38-degree heat, Jokowi, as he is widely known, throws himself
After decades at the helm of Fox and News Corp as chair of their boards, Rupert Murdoch will this week cede direct control of his media empire to his son Lachlan — passing along not only one of the most polarising brands in US news, but also potentially costly legal baggage. The handover comes after
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head trader at Elliott Management in London has left the firm, said people with direct knowledge of the move, the latest departure of a long-serving member from the $59bn US hedge fund’s main European
Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. The idea of green mortgages was one of the most visible parts of the notion that finance and banking could be the lever that forces the UK economy on to the path to net zero.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli forces entered al-Shifa hospital in Gaza on Wednesday to conduct what the military described as a “precise and targeted operation” against Hamas. The move by Israeli troops comes days after they surrounded the besieged
Stay informed with free updates Simply sign up to the Hedge funds myFT Digest — delivered directly to your inbox. Millennium Management, the $60bn hedge fund led by Izzy Englander, and Schonfeld Strategic Advisors have terminated talks to form a partnership, according to people familiar with the situation. The two multi-strategy fund managers had been
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In April, a month after Japan’s biggest sex abuse scandal in the entertainment industry came to light, the talent agency under question belatedly established a whistleblower hotline that would allow victims to come forward. The
Real estate groups led a Wall Street rally on Tuesday, following a softer than expected inflation report earlier in the day. The S&P 500 closed 1.9 per cent higher, with the interest rate sensitive real estate sector leading the way with a 5.4 per cent advance. The SDPR S&P Homebuilders ETF gained 5.9 per cent,
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. The US House of Representatives has voted to avert a costly government shutdown, in a significant victory for the new Speaker that would keep the federal government funded until early next year while
Stay informed with free updates Simply sign up to the Monetary policy myFT Digest — delivered directly to your inbox. Have central bank interest rates peaked in the US and the eurozone? If so, how quickly might they fall? From around mid-2021, central banks clearly had to tighten significantly. But what they have to do
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer is braced for a spate of resignations or sackings on Wednesday, as some of the Labour leader’s frontbenchers consider disobeying him and backing a call for a Gaza ceasefire. Following a debate
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Suella Braverman has accused Rishi Sunak of a “betrayal” of his pledge to “stop the boats” in a blistering attack on the prime minister. The former home secretary lashed out at Sunak a day after
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lord David Cameron was singled out for a special welcome when he attended his first cabinet meeting in more than seven years on Tuesday morning. Having assembled his reshuffled front-bench team, Rishi Sunak, prime minister,
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 science commentator Somewhere beneath the small Icelandic coastal town of Grindavik, a river of molten rock is on the move. A series of earthquakes over the past three weeks, plus satellite
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US inflation fell more than expected to 3.2 per cent in October, the first decline in four months, prompting Treasury yields to fall sharply and Wall Street stocks to climb. Tuesday’s consumer price data compares
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 former president of South Africa and chairs the African High Level Panel on Illicit Financial Flows The question of what to do with global corporate tax abuse, including tax havens, has
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors have been dumping cash and piling into bonds and equities as conviction grows that big central banks have finished their cycle of interest rate rises, according to a closely watched survey of fund managers.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Adobe’s $20bn deal to buy Figma is facing a fresh setback as regulators in Brussels prepare to file anti-competitive charges against the companies, an escalation that signals the EU believes the acquisition will harm rivals
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The deficit of BT’s giant pension scheme, one of the largest in the UK, has more than halved, boosting the chances of a future refund of payments. BT announced on Tuesday that the funding shortfall