Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS has unveiled its first quarterly loss in nearly six years as it bears the costs of the takeover of its former rival Credit Suisse. The $785mn net loss was bigger than the $444mn expected
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The next financial crisis is likely to be in the “shadow” non-bank lending sector, UBS chair Colm Kelleher has said, warning that the growth of lightly regulated private markets since the 2008 crisis is a
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is director of the European Legal Studies Center at Columbia Law School and author of ‘Digital Empires: The Global Battle to Regulate Technology’ The contest over technological supremacy in the age of artificial
Deep in rural Minnesota, surrounded by fields of corn and soyabeans, Joe Biden tried to explain the phrase he hopes will kick start his bid for re-election next year. “Folks, ‘Bidenomics’ is just another way of saying the American dream,” he said last week at a farm in Northfield. One year out from an election
Stay informed with free updates Simply sign up to the Social affairs myFT Digest — delivered directly to your inbox. Around this time of year, I used to feel embarrassed about my lack of a proposal story. It’s my wedding anniversary this week, which tends to prompt questions like, “So how did you propose?”, a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. WeWork has filed for bankruptcy, a humbling fall for the once high-flying co-working start-up co-founded by Adam Neumann and backed by billions of dollars from Japan’s SoftBank. The company that set out to revolutionise office
There was a moment, some two hours into Donald Trump’s turn on the witness stand in Manhattan state court on Monday, when the larger-than-life real estate tycoon and former US president appeared oddly wounded. “He called me a fraud and he didn’t know anything about me,” Trump said, wagging his finger in the direction of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. PwC plans to cut up to 600 jobs in the UK as a plummeting number of resignations at the firm pushes it to make staff redundant instead. The firm will launch a voluntary redundancy programme
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 senior fellow at Carnegie China While Chinese policymakers debate over whether or not debt levels will limit their country’s ability to maintain many more years of high, investment-driven economic growth, it’s
11/7/2023, 2:22:57 AM WeWork files for bankruptcy protection amid office space downturn Sujeet Indap and Eric Platt in New York A WeWork office space in Berkeley, California. The bankruptcy protection process allows the company to terminate leases early with little financial penalty © David Paul Morris/Bloomberg WeWork has filed for bankruptcy protection, a humbling fall
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI is launching custom versions of ChatGPT that can be adapted and tailored for specific applications, turning the chatbot interface into a digital platform like iOS or Android. Known as GPTs, the tools can be
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Rafah border crossing between Gaza and Egypt will reopen for evacuations, local officials said on Monday, after a two-day closure following an Israeli strike on an ambulance convoy in the coastal enclave. A spokesman
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump downplayed the importance of the financial statements at the centre of a civil fraud lawsuit as he testified about his finances and business empire in an extraordinary legal and political spectacle. “They were
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Adam Neumann and his patrons at SoftBank thought they were building a tech company. WeWork ultimately resembled a bank, saddled with an existentially challenging asset-liability mismatch. On Monday, shares in the US flexible office space
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Students from outside the EU at universities in the UK are much less likely to obtain top grades than their British counterparts, according to data that will add to pressure on institutions accused of putting
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. “Things can only get better” felt like the anthem for the 1990s. Released in 1993, four years after the fall of the Berlin wall, the song was the perfect soundtrack for a decade in which apartheid
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 27-year-old film student and dual Israeli-German citizen who lives in Tel Aviv Amid the searing losses borne by an entire country after Hamas terrorists invaded southern Israel, massacring some 1,400 Israelis
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Revolut is in talks to move its headquarters to one of Canary Wharf’s most prominent buildings, in what would be a vote of confidence for the London business district as it contends with higher vacancy
Stay informed with free updates Simply sign up to the Russian business & finance myFT Digest — delivered directly to your inbox. More than 100 UK companies have admitted breaching British sanctions against Russia since Moscow’s full-scale invasion of Ukraine last year, official data shows. A total of 127 companies had voluntarily disclosed sanctions violations
Loyal customers of Israel’s Atlas Hotels recently received an unusual email — a desperate plea for donations to save the company from collapse. Atlas has opened its 16 boutique hotels to 1,000 evacuees displaced after Hamas’s deadly rampage through southern Israel on October 7. When the government failed to defray the cost, it started a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. The King’s Speech is coming and it will