Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chevron has agreed to buy US oil and gas producer Hess Corporation in a $53bn all-stock deal, in the latest step in the consolidation of the US energy sector. The deal values Hess’s equity at
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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 EU’s top diplomat called on Monday for a pause in hostilities between Israel and the Palestinian militant group Hamas in order to allow aid deliveries into the Gaza Strip and hostages held there to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The 10-year Treasury yield rose above 5 per cent on Monday for the first time in 16 years, extending a multi-week rout in bonds as investors bet that the US Federal Reserve would keep interest
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese shares fell to the lowest level since before the Covid-19 pandemic, as Beijing’s latest efforts to prop up the country’s stock market failed to stem a sell-off driven by slowing economic growth, a liquidity
Before war broke out between Israel and Hamas, Jeremy Welfeld’s brewery in the Israeli town of Emek Hefer produced 50,000 litres of beer a month, while his 14 restaurants around the country drew in thousands of customers each day. In the two weeks since the conflict erupted, Welfeld’s businesses have ground to a halt. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chair of Rockefeller International The attacks this month on Israel have raised fears of a wider Middle East conflict, even of a third world war. Serious voices call this the most dangerous
Three big UK manufacturers won millions of pounds’ worth of free carbon emission allowances for factories that were mothballed or slashing production, highlighting loopholes in the British net zero regime. The government granted nearly £46mn of surplus free carbon credits to agricultural group CF Fertilisers and Jim Ratcliffe’s Ineos for sites the companies then permanently closed. Embattled metals magnate
To Chevron’s critics, who range from Just Stop Oil protesters to the governor of its home state and the president of the United States, the $300bn US oil and gas major exemplifies an industry recklessly promoting products it knows are warming the globe while greedily pushing up petrol prices. But to its chief executive, Mike
On the edge of Airbus’s sprawling wing-making factory in Broughton, north Wales, engineers are working in a smaller, nondescript building on a project that is key to the pan-European aircraft maker’s long-term future. Here at AMRC Cymru, an offshoot of the University of Sheffield’s Advanced Manufacturing Research Centre, the third and final full-size prototype of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Argentina’s economy minister Sergio Massa has pulled off an unexpected win over libertarian challenger Javier Milei in the first round of the presidential election, setting up a polarising run-off next month as investors fret over
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Toyota says it is close to being able to manufacture next-generation solid-state batteries at the same rate as existing batteries for electric vehicles, marking a milestone in the global race to commercialise the technology. Its
10/23/2023, 1:50:27 AM Asia stocks fall for 4th day over Middle East and interest rate worries William Langley in Hong Kong Japan’s Topix retreated 0.4% on Monday while Hong Kong’s stock market was closed for a public holiday © FT montage/Dreamstime Asia stocks fell on Monday, putting most indices on track for their fourth consecutive
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hana Abu Awda and the 40 people with whom she shares a home in Rafah, at the southern end of the Gaza strip, have been unable to shower for more than a week. They are
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Switzerland’s rightwing populists were set to achieve one of their strongest performances in parliamentary elections on Sunday as voters abandoned green politics amid fears over immigration and rising energy costs. The hardline conservative Swiss Peoples’
In a suburb of the Israeli city of Kefar Sava, gunshots rang out on a quiet Friday from firearms practice at a nearby shooting range. And in the city of Holon, a queue snakes around a building as Israelis lined up to buy guns. Firearms sales have surged among Jewish Israelis since October 7, when
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A senior executive at WPP-owned media agency GroupM and two former employees have been detained by Chinese authorities over alleged bribery. Shanghai Public Security Bureau’s Economic Crime Investigation Department had “cracked” a commercial bribery case
Stay informed with free updates Simply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox. Cathie Wood’s Ark Investment Management has a new pitch to investors who might be concerned by the asset manager’s huge losses owing to rising interest rates — think of the tax write-offs. Wood’s flagship
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Jeremy Hunt is planning new measures to support people buying their first home, as high interest rates continue to pose a challenge to those trying to get on the property ladder. One option
Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. China has launched an investigation into Apple iPhone maker Foxconn over tax and land use, Chinese state media reported on Sunday. The Global Times, citing anonymous sources, said tax authorities inspected Foxconn’s sites in the
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 former UK Ambassador to Lebanon, author of ‘The Naked Diplomat’ and Principal of Hertford College, Oxford Most of the world has watched in horror as Israelis and Palestinians lost their lives
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US said it was sending more advanced weapons systems to the Middle East and the Israeli military warned Lebanon to rein in the militant group Hizbollah, reflecting growing concerns that Israel’s war against Hamas