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Britain’s national airline might have been expected to choose a UK-based fund manager to look after £21.5bn of pension assets. But in 2021, British Airways turned to New-York based BlackRock to run the money. It was not the only one. BAE Systems, a defence contractor, followed suit by giving Goldman Sachs its £23bn mandate. This

Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. It is two weeks before Christmas in west London’s Westfield shopping centre and the shops are fully staffed. Emma Sleep, a trendy new mattress store, is no exception. But the smiling staff in their Emma

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chief economist for Asia Pacific at Natixis and senior research fellow at Bruegel The Chinese economy has been struggling since the end of the pandemic, forced to rely on external demand as

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Elon Musk, charged with cracking down on waste across the US federal government, has recently singled out one particular target: the Pentagon’s costly fleet of F-35 fighter jets.  An advocate of autonomous technology, Musk has spent the past few weeks mocking the Lockheed Martin-built aircraft on social media. His comments have added fuel to a

It’s been a big month for Games Workshop. The company will shortly ascend to London’s flagship FTSE 100 index, and has reached an agreement with Amazon to produce films and TV shows involving Warhammer 40,000 — its flagship franchise — and Hollywood star Henry Cavill. For several reasons, GW is catnip to journalists. A lot

Wall Street is betting the US dollar will make further gains after its recent storming rally, even hitting parity with the euro, in a challenge to President-elect Donald Trump’s stated desire for a weaker currency. The dollar has soared 6.1 per cent since the start of October, its best quarter since the early stages of

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Disney’s $15mn defamation payout to Donald Trump has set a dangerous precedent for media freedom, said legal experts and news executives, as the incoming president threatens to “straighten out” the “corrupt” press.  Disney-owned ABC News last week agreed to pay Trump the huge sum to settle a defamation suit he brought in March after star

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Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. North Korean troops have fought for the first time alongside Russian forces against Ukrainian soldiers in Russia’s Kursk region and taken heavy casualties, the Pentagon said on Monday. Ukrainian troops launched an incursion into

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves’ increase in business taxes is taking a toll on the UK economy as companies cut back hiring, adding to warnings that the chancellor’s October Budget has sapped corporate confidence heading into the new

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Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. Germany is heading for early elections after Chancellor Olaf Scholz lost a vote of confidence, ending his fractious coalition government at a time of strain for the Eurozone’s largest economy. Scholz’s defeat by 207 to

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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 alleged Chinese spy linked to Prince Andrew has been publicly named as Tengbo Yang after a judge lifted an anonymity order on Monday. The 50-year-old Chinese national has been banned from entering Britain on

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Vladimir Putin has said Russia may lift its self-imposed restrictions on developing short- and medium-range missiles and would keep its non-strategic nuclear forces on constant combat alert, as he warned that the west was

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels is taking the UK to the European Court of Justice in two cases, casting a shadow over Sir Keir Starmer’s proposed “reset” of relations with the EU. The European Commission has brought the cases