Receive free Lex updates We’ll send you a myFT Daily Digest email rounding up the latest Lex news every morning. Five years ago, SoftBank chief executive Masayoshi Son announced that he had narrowed his focus and picked out artificial intelligence as the single most important investing theme. The Japanese tech group’s founder had spent more
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Receive free Hedge funds updates We’ll send you a myFT Daily Digest email rounding up the latest Hedge funds news every morning. A build-up of leveraged bets has the potential to “dislocate” trading in the $25tn US Treasuries market, the umbrella group for central banks said, the latest high-profile warning over the potential for crowded
Receive free Protectionism updates We’ll send you a myFT Daily Digest email rounding up the latest Protectionism news every morning. “Trade freely with China and time is on our side.” That was the confident view of George W Bush, the former US president, in the run-up to China joining the World Trade Organization in 2001.
Receive free S4 Capital updates We’ll send you a myFT Daily Digest email rounding up the latest S4 Capital news every morning. S4 Capital, the advertising group founded by Sir Martin Sorrell, lost about a quarter of its value on Monday morning after the latest in a series of warnings over revenues and profits. The
Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. European and Asian stocks retreated on Monday as investors worried that flagging global demand could weigh on the chipmaking sector. Europe’s region-wide Stoxx Europe 600 fell 0.5 per cent, dragged lower by healthcare and utilities
Western companies that have continued to operate in Russia since Moscow’s full-scale invasion of Ukraine have generated billions of dollars in profits, but the Kremlin has blocked them from accessing the cash in an effort to turn the screw on “unfriendly” nations. Groups from such countries accounted for $18bn of the $20bn in Russian profits
One of the biggest names in Russian rock music — perhaps the biggest of all — is now listed as a “foreign agent” in his homeland, a designation that taints Boris Grebenshikov as an anti-patriot, even a traitor. The charge meets with an amused shrug. “Ah, I’m always on a list!” he says, laughing. “In
The writer is chief executive of the NHS Confederation The full ramifications from the case of serial child killer Lucy Letby won’t be known until the inquiry is complete. In the immediate aftermath, however, questions have been raised as to why senior National Health Service managers are not regulated in the same way as doctors,
Shouts of “God is Great, a survivor!” and “call an ambulance” rang out from onlookers as rescue teams searched through the rubble of a collapsed building in the eastern Libyan city of Derna. An hour later on Saturday evening rescuers were still working but no one had been found. Efforts to find survivors continued over the
Receive free Electric vehicles updates We’ll send you a myFT Daily Digest email rounding up the latest Electric vehicles news every morning. Detroit is on strike. As of last Friday, the United Auto Workers of America, which represents roughly 40 per cent of all industry employees in the US, is taking on the “big three”
Receive free UK interest rates updates We’ll send you a myFT Daily Digest email rounding up the latest UK interest rates news every morning. Financial markets and economists are expecting the Bank of England to raise interest rates by another quarter point at its meeting on Thursday, taking the cost of borrowing to 5.5 per
Andrew* is a 63-year-old partner in a small consultancy in England who finds himself with too much free time and too little cash. Shambo, a 32-year-old associate management consultant in India, has the opposite complaint: his hours have increased dramatically as clients demand more work for the same fees. Sierra, a 23-year-old associate in New
High above the streets of downtown Montreal, Sir Keir Starmer insisted he was not complacent about a Labour election victory in Britain. But with some polls showing his party 20 points or more ahead of the Conservatives, he is starting to look over the political horizon. “I think there’s an opportunity for a progressive moment,”
China: Property developer Sunac plans to hold a creditors’ meeting on its offshore debt restructuring. Trading in the indebted company’s shares was suspended for a year after it defaulted on liabilities in 2022. Another developer, Country Garden, faces a initial deadline to pay more than $15mn in bond interest. Australia: Michele Bullock becomes Reserve Bank
Sir Keir Starmer has promised to seek a major rewrite of Britain’s Brexit deal in 2025 if Labour win the next general election, saying he owes it to his children to rebuild relations with the EU. Starmer told the Financial Times that he would put a closer trading relationship with Brussels and a new partnership
Receive free US interest rates updates We’ll send you a myFT Daily Digest email rounding up the latest US interest rates news every morning. The US Federal Reserve will defy investors’ expectations and raise interest rates by at least another quarter-point, according to a majority of leading academic economists polled by the Financial Times. More
Receive free US-China relations updates We’ll send you a myFT Daily Digest email rounding up the latest US-China relations news every morning. White House national security adviser Jake Sullivan met Chinese foreign minister Wang Yi in the latest effort to stabilise US-China relations ahead of a possible meeting between Joe Biden and Xi Jinping in
Receive free HS2 updates We’ll send you a myFT Daily Digest email rounding up the latest HS2 news every morning. The future of Britain’s High Speed 2 rail project was hit with further uncertainty on Sunday after one of Labour’s most senior figures refused to commit to building the northern section of the line to
Receive free EU immigration updates We’ll send you a myFT Daily Digest email rounding up the latest EU immigration news every morning. Italian Prime Minister Giorgia Meloni has appealed for greater European support as her country confronts a surge of people fleeing north Africa, amid growing tensions between Rome and other EU capitals over migration
Receive free War in Ukraine updates We’ll send you a myFT Daily Digest email rounding up the latest War in Ukraine news every morning. Two commercial ships have docked at a Ukrainian port as Kyiv steps up efforts to unilaterally break Russia’s blockade of it’s Black Sea coast. The two incoming vessels docked at Chornomorsk
When Nancy Pelosi announced last week that she would seek another term in the House of Representatives, the news was met with some incredulity. Though some Democrats relished the prospect of two more years working alongside an experienced stateswoman — and a formidable fundraiser — many other political observers were less enthused. This is largely