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 has held interest rates, bringing an end to its unprecedented streak of 10 consecutive increases in borrowing costs amid rising concerns over eurozone growth. The decision, announced after ECB rate-setters met
News
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. The US economy expanded faster than expected in the third quarter, growing at its quickest pace in almost two years in the latest sign of the country’s economic resilience in the face of high interest
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The secular growth potential of renewable energy was supposed to offer an antidote to the cyclical vagaries of markets and economies. But it has not worked for Christian Bruch. Siemens Energy’s chief executive has spent
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Goldman Sachs is setting up an institute to analyse geopolitics and technology, the latest firm to bet on demand from companies for advice on how to navigate a disorderly world. The Goldman Sachs Global Institute,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is founder of Sifted, an FT-backed site about European start-ups The old joke that quantum computing is a technology of the future — and will forever remain so — is not so funny
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Euroclear has earned just over €3bn so far this year from Russian assets frozen at the securities depository by EU sanctions, in a windfall that is likely to crank up the pressure on European leaders
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 is expected to begin testifying in his own defence on Thursday, after the government rests its case in the criminal trial over the collapse of his cryptocurrency empire. The unusual move
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Standard Chartered shares fell sharply after it reported disappointing third-quarter profits, taking almost $900mn in charges linked to its exposure to China and warning that its lending margins were narrowing as global interest rates started
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli forces carried out a “targeted raid” in the north of the Gaza Strip in the early hours of Thursday, as they stepped up preparations for a ground operation in the coastal enclave to topple
Ibrahim al-Lahham was overcome with grief after losing 17 members of his family when an Israeli strike destroyed their homes in Gaza. His anguish was compounded by the inability to give them the dignity of a proper funeral — their bodies dumped “on top of each other” in the back of a pick-up truck and taken
One day, it was US secretary of state Antony Blinken flying into Qatar to secure Doha’s support in releasing hostages seized by Hamas and preventing the militant group’s war with Israel escalating into a regional conflict. The next, it was Iran’s top diplomat Hossein Amirabdollahian touching down in the Gulf state condemning Israel and warning
On a cloudy afternoon at Joint Base Charleston, a US military facility in South Carolina, Kamala Harris walked down the stairs of Air Force Two and said a few words about the war between Israel and Hamas that had broken out four days earlier. “I’m completely outraged by what has taken place,” she told reporters
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A new book by Rachel Reeves, shadow chancellor, has been found to contain examples of apparent plagiarism, including entire sentences and paragraphs lifted from other sources without acknowledgment. The book, The Women Who Made Modern
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Think of a great economist, and you’ll probably think of a man. Perhaps Adam Smith, who famously wrote about the market’s invisible hand. Or Alfred Marshall, whose supply and demand curves young economists still learn
© AFP/Getty Images Meta, the parent of Facebook and Instagram, doubled profits and beat revenue expectations in the third quarter as the advertising slump dissipated, even as it warned costs will continue to rise into 2024. Revenues at the social media group rose 23 per cent to $34.1bn in the third quarter compared with the
Stay informed with free updates Simply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox. Just a few hours into the 2023 Japan Mobility Show, Honda’s chief executive had said he wanted to see the company’s logo in outer space. The head of Lexus had promised luxury cars
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Morgan Stanley has named Ted Pick as its new chief executive, replacing James Gorman who will bow out from the role after leading the Wall Street bank for nearly 14 years and transforming it into
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turmoil in government bond markets has forced US companies to delay borrowing plans, making this the slowest October for debt issuance in more than a decade. US firms have raised just under $70bn from sales
Benjamin Netanyahu said Israel was “preparing a ground invasion” of the Gaza Strip, in one of the clearest statements yet that his government is planning to enter the Palestinian enclave in its war to topple Hamas. In an address to the nation on Wednesday evening the Israeli leader vowed to fight the militant group “above
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK Information Commissioner’s Office has found that former NatWest chief executive Alison Rose twice breached data protection laws when she spoke to a journalist about the closure of Nigel Farage’s bank account. In a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Muslim Labour MPs demanded that the party leadership back calls for a ceasefire in Gaza in “robust” talks with Sir Keir Starmer on Wednesday. The Labour leader and his deputy, Angela Rayner, met more than