Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. The world’s largest asset manager sees benchmark US borrowing costs hovering around 5.5 per cent for the next five years as investors grapple with inflationary pressures. Ten-year yields are at 4.5 per cent, but
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Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. Unemployment in the eurozone has increased from its record low, rising unexpectedly to 6.5 per cent as high interest rates and a stagnating economy start to take their toll on the region’s job market. Eurostat,
Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. Beijing has told Communist party cadres to stay away from private equity as President Xi Jinping’s anti-corruption drive intensifies. Officials have been banned from pouring their savings into domestic Chinese private equity funds,
Few people decide in their mid-fifties that they want to become an accountant. The hundreds of hours of study required would be daunting for anyone, let alone someone whose day job is running a $23bn-revenue global consulting business. Yet last year, Mohamed Kande sat the US CPA exam and passed. That earned him a professional
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel said its forces had surrounded Gaza City as US secretary of state Antony Blinken arrived in Israel to push for a “pause” in hostilities to allow aid into Gaza and help free hostages held
As Italy took the drastic step of imposing a nationwide lockdown in early March 2020, senior officials in Downing Street sat “laughing” as Britain’s European neighbour desperately tried to contain the spread of Covid-19. The revelation came as a series of damning testimonies to the UK’s official pandemic inquiry this week laid bare a “toxic”
Ya’akov Levin was a life-long supporter of Likud, the centre-right party of Benjamin Netanyahu, Israel’s prime minister. But after Hamas’s bloody rampage through southern Israel on October 7, he says he will never vote for it again. “Netanyahu sold himself as Mr Security and then this happened,” the Jerusalem wine merchant said. “He has to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Young Conservatives have become an endangered species in the UK. On five separate occasions in the past two months, polls have shown that fewer than one in 10 of Britain’s under-30s plans to vote Tory
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hundreds of thousands of self-employed people are “sleepwalking” into giant tax bills due to a little-publicised change to the way businesses report their profits. Tax experts have warned that many of those affected are unaware
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When was the last time you thought about the computer chip in your laptop? For most people, the answer would be “never” — and they’d like to keep it that way. Like it or not,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. FTX founder Sam Bankman-Fried was convicted of fraud and money laundering by a New York jury in a landmark criminal verdict that is likely to condemn the former crypto tycoon to decades in prison and
© AFP via Getty Images Danish shipping line AP Møller-Maersk will cut 10,000 jobs, almost a tenth of its workforce, after it reported sharp falls in revenues and profits in “a difficult market environment”. Maersk said it would cut its workforce to below 100,000, from 110,000 in January 2023, producing savings of $600mn next year
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple failed to dispel Wall Street’s concerns about a lacklustre outlook for its hardware businesses and potential pressure on its position in China as it announced quarterly earnings on Thursday, leaving its shares down nearly
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s son Eric turned testy on the witness stand on Thursday as he sparred with a lawyer for the New York attorney-general about his knowledge of the financial statements at the heart of a
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. The US House of Representatives has approved legislation to provide $14bn in new aid to Israel, but the bill faces resistance in the Senate and opposition from the White House because it fails to
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. Andrew Bailey was at pains to stress his resolve to further hike interest rates if necessary on Thursday, as the Bank of England governor warned there was a long way to go before policymakers
Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. The writer is founder of Sifted, an FT-backed site about European start-ups Kamala Harris scores high marks for honesty even if she may not graduate top in diplomacy. Standing alongside US president Joe Biden before
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This week, techie eyes have been fastened on Bletchley Park in Britain, where the UK government has been trying to launch cross-border collaboration against artificial intelligence threats — with mixed success. However, over in Washington
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. The Bank of England has kept interest rates on hold at 5.25 per cent for the second successive meeting and warned monetary policy will need to stay restrictive for “an extended period of time”
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. Investors have piled into US and European government bonds after the Federal Reserve bolstered the impression that central banks are at the end of their rate rise cycle. Yields on 10-year US Treasuries, which
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A fiftysomething man I met in Klaipėda, Lithuania, last week told me his life story. As a teenager, he’d been a Soviet army conscript, ferrying prisoners to Siberia and sleeping in two-hour shifts. In the