Receive free Trade Secrets updates We’ll send you a myFT Daily Digest email rounding up the latest Trade Secrets news every morning. It’s quite an achievement for an expression to be patronising, factually inaccurate, a contradiction in terms and a catalyst for political polarisation all within two words, but the deeply unhelpful term “Global South”
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Your browser does not support playing this file but you can still download the MP3 file to play locally. Opinion polls now suggest that about two-thirds of British people think that Brexit has failed. So was it all a terrible mistake? Gideon talks to FT colleague Peter Foster about his new book, What Went Wrong
Receive free US inflation updates We’ll send you a myFT Daily Digest email rounding up the latest US inflation news every morning. Fresh signs of stubbornly high inflation in corners of the world’s largest economy are fuelling fears that the retreat in consumer price increases many economists expected later this year will be bumpier than
Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. US Treasury yields and the dollar edged lower on Wednesday, as investors shrugged off figures showing that US inflation last month was higher than expected. Yields on the interest rate-sensitive two-year US Treasuries fell to
Receive free Arm Ltd updates We’ll send you a myFT Daily Digest email rounding up the latest Arm Ltd news every morning. Shares in UK chip designer Arm are expected to be priced above the initial range at as much as $52 per share, which would give the company a valuation of nearly $54bn, according
Professional services firm EY will add more than 1,000 jobs in Northern Ireland in the next five years, more than doubling its employment in the region as it trims jobs and pay elsewhere in the UK. The jobs, announced as a UK government-sponsored investment summit in Belfast gets under way on Wednesday, will be a
Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. Plans by the UK government to dilute rules on water pollution in order to enable more housebuilding were defeated in the House of Lords on Wednesday night in a major setback for Rishi
After more than a year of falling living standards, UK wages are finally outpacing inflation again, in no small part due to the efforts of trade unions. Record growth of 8.5 per cent in average earnings reported this week was boosted by pay awards won on the back of the biggest wave of strike action
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. The EU has agreed to lift sanctions against three Russian business tycoons targeted in response to Moscow’s war against Ukraine, in the most prominent delistings since the conflict began. EU member
US inflation exceeded forecasts in August after fuel prices rose, but underlying price pressures eased. The headline rate of consumer prices rose 3.7 per cent year on year, according to the Bureau of Labor Statistics, up from 3.2 per cent in July and higher than consensus forecasts of 3.6 per cent. On a monthly basis,
If there is anyone who knows how to destroy the Conservative party it is Dominic Cummings. The leader of Vote Leave and former strategist to Boris Johnson delivered two huge victories for his cause but at a high price to the vehicle. Now, exiled and angry, he is turning his mind to smashing and replacing
The writers are the finance ministers of France and Germany Europe’s economic strength in the next decades will be determined by our ability to mobilise private investment. We must accelerate the green and digital transitions of our economy. To do so, we must enable businesses to raise the massive amounts of private capital necessary —
Receive free US economy updates We’ll send you a myFT Daily Digest email rounding up the latest US economy news every morning. Investment chiefs at two of the world’s largest asset managers have warned that the risk of a US recession is rising, even as government officials and a growing number of investors believe the
In May, hundreds of leading figures in artificial intelligence issued a joint statement describing the existential threat the technology they helped to create poses to humanity. “Mitigating the risk of extinction from AI should be a global priority,” it said, “alongside other societal-scale risks such as pandemics and nuclear war.” That single sentence invoking the
Receive free Electric vehicles updates We’ll send you a myFT Daily Digest email rounding up the latest Electric vehicles news every morning. At an event last week, a businessman suddenly pulled out his phone to show me his experience in a driverless taxi in downtown Beijing. In the video, a robotaxi impressively navigated a turn
Twenty-eight investment banks are working on chip designer Arm’s $50bn initial public offering. But one small advisory firm stands above the crowd. Headlining the IPO filing is The Raine Group, a tech-focused boutique, whose listing as financial adviser gives it top billing above Wall Street banks including Goldman Sachs and JPMorgan, who are underwriting the
Receive free Metro Bank updates We’ll send you a myFT Daily Digest email rounding up the latest Metro Bank news every morning. UK challenger bank Metro has conceded it will not get capital relief from the Bank of England for mortgage lending until at least 2024, in the latest of a series of blows to
The banks underwriting Arm’s $50bn listing will close orders for shares a day earlier than planned due to strong demand for the biggest initial public offering in nearly two years. People familiar with the matter said the IPO for the UK-based chip designer, which is more than five times oversubscribed, will close on Tuesday, instead
Receive free Alibaba updates We’ll send you a myFT Daily Digest email rounding up the latest Alibaba news every morning. Alibaba’s former chief executive Daniel Zhang has unexpectedly stepped down as head of the company’s cloud computing division as the Chinese ecommerce group starts its break-up into six units. The move comes as part of
Receive free UK north-south divide updates We’ll send you a myFT Daily Digest email rounding up the latest UK north-south divide news every morning. Lower spending on education in northern England compared with London threatens to damage the UK economy and create a “time bomb” for public services, according to a new report. The report
Receive free Accounting & Consulting services updates We’ll send you a myFT Daily Digest email rounding up the latest Accounting & Consulting services news every morning. PwC is planning to give up tens of millions of dollars of consulting work for its US audit clients to reduce the risk of conflicts of interest, challenging its