News

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Markus Jooste, the former chief executive of retailer Steinhoff allegedly at the heart of South Africa’s largest corporate fraud back in 2017, has died, according to a person close to him. Jooste’s death comes a
0 Comments
Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. The writer is author of ‘Black Wave’, distinguished fellow at Columbia University’s Institute of Global Politics and an FT contributing editor A year has passed since Saudi Arabia and Iran made their
0 Comments
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England has kept UK interest rates on hold at 5.25 per cent, pushing sterling lower as the central bank signalled it is edging closer to cutting borrowing costs. Governor Andrew Bailey said
0 Comments
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Short sellers have amassed a record bet of almost €1bn against the shares of Telecom Italia, as chief executive Pietro Labriola seeks investors’ backing for an asset sale to slash debt. Data from S&P Global
0 Comments
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For all the angst about polarisation and disinformation, something very different is in fact going on in news consumption: the mass-media age is ending. We’re returning to a time when most people get almost no
0 Comments
One hundred years ago on Thursday, Edward Leffler, a former door-to-door salesman of pots and pans, revolutionised financial markets. His invention, the open-ended mutual fund, allowed retail customers to buy into a diversified portfolio of stocks and be confident that they would get a fair value when they wanted their money back. Leffler’s innovation gave
0 Comments
Argentina’s libertarian president Javier Milei has launched an aggressive campaign to overhaul state-owned companies from an airline to an oil group and the postal service as lawmakers hold back his plans to privatise them. Milei, who counts Margaret Thatcher among his political heroes, on the campaign trail described privatising Argentina’s state companies as a top
0 Comments
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Federal Reserve officials unleashed their optimism on Wednesday, unveiling projections for faster than expected US economic growth this year while still leaving room to cut interest rates three times. It was a moment of vindication
0 Comments
You can enable subtitles (captions) in the video player Lego’s fundamental business model is it buys ABS plastic for about $1 a pound and sells it back to us for about 50 times that. There’s probably more Minifigures on the planet than there are humans. I mean, there has to be. I buy and sell
0 Comments
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. In a viral TikTok video, celebrity podcaster Joe Rogan appears to deliver a damning message: “We are all probably going to die in the next few years. Did you hear about this? There’s this asteroid
0 Comments
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investing is not immune to passing fashions. In recent years, it has mainly been a macro game, with Fed tea-leaf readers, consumer-spending trackers and China analysts much in demand. Big shifts have sunk whole sectors
0 Comments