Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy stagnated in the three months to September according to official figures that highlight the challenge facing chancellor Jeremy Hunt as he seeks to revive growth in his upcoming Autumn Statement. Gross domestic
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In early September, the Central Bank of Nigeria held a press conference in Lagos to announce that it would take action against rogue currency traders. According to reports, Folashodun Adebisi Shonubi, who at the time was CBN’s acting governor, singled out one operator: “We have reason to believe that Crown Agents have been working with
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Industrial and Commercial Bank of China is trying to minimise losses after a ransomware attack on the country’s biggest bank disrupted the market for US Treasuries, the Chinese foreign ministry said. At a briefing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Since generative artificial intelligence burst on to the scene last November, the forecast for white-collar workers has been gloomy. OpenAI, the company behind ChatGPT, estimates that the jobs most at risk from the new wave
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an Israeli author and psychologist based in Tel Aviv, her recent novel is ‘The Wolf Hunt’ Translated by Jessica Cohen Balloons in all colours of the rainbow welcomed shoppers at the mall
When JPMorgan Chase chief executive Jamie Dimon starts unloading his $1.2bn of stock next year, the Wall Street titan — who has never previously sold stock — will join a parade of top bankers who have cashed in some of their holdings. Dimon’s refusal to sell harks back to the era when his early mentor,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain is a “leading enabler” of corrupt elites and its failure to prosecute money laundering crimes in effect “constitutes facilitation” of kleptocratic regimes in central Asia, according to a report by MPs. The UK’s failure
US-China relations: US Treasury secretary Janet Yellen and Chinese vice-premier He Lifeng meet in San Francisco for a second day on Friday, ahead of an expected summit between Joe Biden and Xi Jinping at the Asia-Pacific Economic Cooperation forum, which begins on Saturday and lasts until November 17. Economic indicators: China’s central bank is expected
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A ransomware attack on the Industrial and Commercial Bank of China has disrupted the US Treasury market, according to market participants. The Securities Industry and Financial Markets Association told members on Thursday that ICBC, China’s
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. Federal Reserve chair Jay Powell has warned the US central bank against the risk of being “misled” by good data on prices, saying the mission to return inflation to its 2 per cent target had
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Former NatWest chief executive Alison Rose is set to forfeit the majority of the £10mn in outstanding pay she could have been due from the bank, after the conclusion of a review into her role
Suella Braverman, Britain’s populist home secretary, has long been suspected by some Conservative MPs of wanting to get sacked so she can pursue her leadership ambitions unburdened by high office. On Thursday, Rishi Sunak was under pressure from Tory MPs to oblige after Braverman went rogue in an op-ed, writing a fierce attack on London’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer, an FT contributing editor, is chief executive of the Royal Society of Arts Among the most eye-catching of the announcements during this year’s party conferences concerned towns. Conservative ministers announced plans to regenerate 55
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK productivity has barely grown since the financial crisis, according to new official figures, underscoring the challenge facing chancellor Jeremy Hunt as he attempts to use the Autumn Statement to lift growth and investment. Total
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 must avoid shrinking its balance sheet too much, its chief economist has said, warning this could impair lending and threaten financial stability. Major central banks flooded the financial system with liquidity
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s home secretary has defied Rishi Sunak by publishing a controversial article attacking the police’s handling of protests without gaining clearance from Downing Street, the prime minister’s spokesperson has confirmed. Sunak is facing pressure from
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Communities secretary Michael Gove has asked the Treasury for up to £50mn to counter radical ideologies in Britain, after ministers acknowledged that the fallout from the Israel-Hamas war had exposed flaws in their strategy. Gove
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Allen & Overy, the “magic circle” law firm, has suffered a cyber attack on its systems, making it the latest big corporate to fall victim to a ransomware hack. A&O confirmed it had “experienced a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple has been dealt a blow in its €14.3bn tax dispute with Brussels after an adviser to the EU’s top court said an earlier ruling over its business in Ireland should be shelved. Giovanni Pitruzzella,
At the chancellor’s annual Mansion House speech in July Jeremy Hunt set out wide-ranging reforms to Britain’s trillion pound pension sector that he said would “boost pensions (for savers) and increase investment in British businesses”. Hunt claimed his so-called Mansion House reforms could deliver an extra £1,000 a year in retirement income for today’s young
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sitting in the comfort of my home, watching the bloodied bodies of innocents in Gaza and Israel, I feel sick and confused. But I am learning something about how to seek truth, and how not