Stay informed with free updates Simply sign up to the UK energy myFT Digest — delivered directly to your inbox. The British government is seeking to take control of a key site in Wales earmarked for a nuclear power plant as part of wider plans to revamp nuclear technology for the UK. State-owned Great
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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. Israeli leaders have hit back at a credit rating downgrade from Moody’s, the first in the country’s history according to a finance ministry official, with Prime Minister Benjamin Netanyahu arguing it was a result of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. 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 executive director at Spotlight on Corruption After every corporate scandal, there are loud calls for senior heads on sticks. The UK Post Office scandal is no exception, with demands that senior executives
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two years ago, the west stunned the rest of the world by imposing unprecedented economic sanctions on Russia after Vladimir Putin’s assault on Ukraine. Yet the euphoria in western capitals about this response turned to
The Federal Reserve is set to press ahead with plans to cut rates despite an unexpected surge in jobs growth in January, with a $7tn immigration-led economic boost and fewer job vacancies convincing officials the labour market is unlikely to trigger inflation. Fed officials said this week that last Friday’s payrolls data, which showed the
UK employers are racing to submit visa applications for skilled staff ahead of changes by Rishi Sunak’s government to immigration rules that will sharply increase the costs of hiring overseas. Immigration lawyers said some clients were already withdrawing job offers because they would need to pay much higher salaries to people recruited on skilled worker
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Far more Americans trust Donald Trump to handle the US economy than Joe Biden despite months of strong growth, a new poll has found, underscoring the president’s difficulty in convincing voters his policies are improving
In late October more than 40 of Europe’s most powerful bankers convened at the palatial Dolder Grand hotel overlooking Zurich for three days of discussions about the state of their industry. Attendees were given the chance to quiz Switzerland’s finance minister Karin Keller-Sutter and central bank governor Thomas Jordan, just over six months after the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Imagine discovering a cheap, simple gadget that you use at least once a day because it does a much better job of making something you crave than all the fiddly, expensive devices you tried before.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The financier Nathan Mayer Rothschild is reputed to have remarked that “the time to buy is when there is blood in the streets”. That suggests there is an opportunity to invest in office buildings, many
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC will start disclosing off-balance sheet emissions in its annual report later this month, after investors pressured the bank to stop leaving out swaths of data from its climate calculations. The change means the UK’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump said he had warned Nato allies that he would encourage Russia to do “whatever the hell they want” if alliance members failed to meet defence spending targets, highlighting the risk to the military
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HM Revenue & Customs awarded Fujitsu £1.4bn in contracts after a landmark 2019 court case laid bare the Post Office Horizon scandal, according to new data obtained by MPs. The data throws fresh light on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has launched several air strikes on Rafah hours after Prime Minister Benjamin Netanyahu ordered the army to prepare a plan to evacuate civilians from the densely populated southern Gazan city. The overnight attacks killed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The amount US financial institutions have loaned to shadow banks such as fintechs and private credit groups has passed $1tn, as regulators warn that growing ties between traditional and alternative lenders could present systemic risks.
Stay informed with free updates Simply sign up to the US banks myFT Digest — delivered directly to your inbox. Profits in the US banking sector tumbled almost 45 per cent year on year in the final quarter of 2023, even as the squeeze on consumers eased and confidence grew that the US economy would
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. When Robert Hur was appointed in January 2023 to oversee the politically delicate investigation into US President Joe Biden’s handling of classified information, US attorney-general Merrick Garland hailed his “long and distinguished career
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. BP is set to book a $700mn windfall due to tax changes aimed at boosting corporate pension fund investment in the economy. Last year, chancellor Jeremy Hunt announced plans to relax the tax charge on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Imran Khan’s allies have accused Pakistani authorities of rigging the vote count in Thursday’s election to block them from power after they achieved a stunning electoral success. Candidates loyal to Khan’s Pakistan Tehreek-e-Insaf party won
On a rain-lashed Thursday afternoon in early February, the departure lounge at Southend Airport is empty. There are just two flights taking off from the terminal 36 miles east of central London that once aspired to break into the top tier of British aviation. Away from the tarmac, the near-deserted site in Essex is at
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