The US economy may be growing much faster than pessimists had predicted, but business is still brisk for bankruptcy lawyers. “Things have really accelerated,” says Thomas Lauria, global head of restructuring at White & Case. His team is on track for record-breaking revenues this year. Meanwhile hedge funds are spying opportunities ahead as companies are forced
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Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Artificial intelligence has been at the centre of the global conversation in recent days, with a major summit in the UK and a new executive order coming down from the White House. Much of the
Novo Nordisk, Europe’s most valuable drugmaker, will accelerate its US expansion at the expense of the EU unless Brussels changes a plan to reform regulation of the industry, the company’s chief executive has said. Lars Fruergaard Jørgensen said much of the Danish company’s research was now done in Boston and “the journey of expanding in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. New legislation to mandate annual North Sea oil and gas licensing rounds will be at the heart of the King’s Speech on Tuesday, as Rishi Sunak looks to exploit a key policy divide with Labour
Decades before he orchestrated the October 7 attacks by Hamas on Israel, Yahya Sinwar was jailed by an Israeli military tribunal for multiple murders. His response: to study Hebrew. “[Vladimir] Jabotinsky and [Menachem] Begin and [Yitzhak] Rabin — he read all the books that came out about prominent Israeli figures,” said Micha Kobi, who interrogated
Stay informed with free updates Simply sign up to the Management consulting myFT Digest — delivered directly to your inbox. The world’s most prestigious consulting firms have frozen US starting salaries for new graduates, as a war for talent that sent pay soaring after the pandemic gives way to tougher competition for jobs. McKinsey and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two polls on Sunday showed Joe Biden trailing Donald Trump as concerns over the economy and splits within the Democratic party over the Israel-Hamas war drag down the US president’s 2024 re-election prospects. A New
Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. US asset managers are launching their second wave of job cuts this year, with Charles Schwab, Prudential and Invesco each announcing cost controls amid a flight of customers into safer investments with lower fees. Schwab
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. You could call it “the cult of the small”, the idea that small enterprises and smallholder farmers are the backbone of poor economies, the key to social resilience and the best hope for eliminating poverty. You
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British Jews are “fearful” and UK society is showing a lack of “moral clarity” about the importance of Jewish lives in the wake of Hamas’s attack on Israel last month, the deputy prime minister has
This summer, as investor Nathaniel Brooks Horwitz and writer Sam Koppelman sought millions of dollars for their new start-up Hunterbrook, the pitch was simple: a venture that would combine a newsroom and a hedge fund. The two 27-year-olds envisioned hiring reporters in far-flung corners of the world that had been neglected by legacy media outlets
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Palestinian officials in Hamas-controlled Gaza accused Israel of launching an air strike on a refugee camp in the besieged strip that they said killed dozens of people, as the US and Israel rejected calls from
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk’s artificial intelligence start-up xAI has released its first AI model, as the tech billionaire looks to take on OpenAI, Google and Meta with a sassy chatbot that is tightly integrated with X, formerly
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ken Griffin, the founder and chief executive of $62bn US hedge fund Citadel, has warned regulators that they should focus their attention on banks rather than his industry if they want to reduce risks in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Amazon, Microsoft and Google parent Alphabet look set to ramp up capital spending, as the world’s biggest cloud computing groups build up capacity to serve the growth of generative artificial intelligence. The Big Tech groups,
When the heads of cabinets of the EU’s 27 commissioners huddled in the Belgian countryside in late August for their back-to-work retreat, all were invited to talk about what they thought should be the priority for the autumn. The standout theme was clear, and unexpected. “People mentioned ongoing support for Ukraine, but it wasn’t top
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Imagine running a company that consistently attracts smart, skilled staff willing to work harder and longer for 15 per cent less than what they could earn doing the same job elsewhere. I’m talking about lawyers,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chief executive Wael Sawan plans to make Shell “leaner” and more selective about how it invests in the energy transition as he defended a shift in focus that has led several senior executives to leave
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Within days of Vladimir Putin’s full-scale assault on Ukraine, western capitals acted with remarkable determination in blocking Russia’s access to more than $300bn of foreign exchange reserves. In the 20 months since, however, the
From a hotel lobby in Pittsburgh, Miracle Jones had a warning for Joe Biden: the US president’s staunch backing for Israel in its war against Hamas is eroding support on the left and hurting his re-election chances in 2024. “The White House has lost a lot of people,” said Jones, a 35-year-old progressive political activist
Stay informed with free updates Simply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox. The jumbo scallops from the northern Japanese fishing town of Betsukai, on the island of Hokkaido, have a reputation for being among the most delicious on the planet, a cherished ingredient on a