Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK public sector workers should not expect their wages to rise next year at the pace seen in 2023, ministers warned on Wednesday, prompting a backlash from unions who had called for reform of the
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Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. After a flat-footed response to the inflationary upsurge in 2021, the Bank of England is heading into the new year facing a barrage of complaints that it is proving too slow to recognise the marked
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Poland’s public television news channel halted broadcasting on Wednesday as the country’s new pro-EU administration asserted control over state media, which it said had become a mouthpiece of the rightwing former government. The abrupt shutdown
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. EU finance ministers have bowed to German pressure for tough debt-reduction rules, as part of a deal to phase in a sweeping overhaul of the union’s budget framework. After months of haggling, the package gives
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. The UK and US are tightening rules around the shipping of Russian oil in an attempt to make it harder for Moscow to circumvent the so-called price cap, a policy aimed at squeezing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Court cases brought against a former president who also happens to be the frontrunner for a third go atop his party’s national ticket are inevitably political, regardless of high-minded claims by prosecutors and judges that
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. UK chancellor Jeremy Hunt will on Thursday sign a financial services deal with Switzerland, claiming it will make it easier for financial firms and wealthy individuals in the two markets to do business with
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It is rarely a good plan for political parties to rubbish their record in government, not least because voters might decide to believe them. If you want a leading indicator of a party heading for
Stay informed with free updates Simply sign up to the UK house prices myFT Digest — delivered directly to your inbox. UK house prices fell at the fastest pace in more than a decade in the year to October, with the biggest drops in London, according to official data that points to the impact of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU has struck a political deal to overhaul the bloc’s asylum and migration rules, concluding more than seven years of fraught negotiations over how to tighten the regime and share responsibility. The reforms, provisionally
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation slowed much more sharply than expected in November to 3.9 per cent, down from 4.6 per cent in October, according to official data that will add to pressure on the Bank of England
It was the death of a baby at an overcrowded reception centre for asylum seekers in the Netherlands last year that convinced Prime Minister Mark Rutte that Europe was once again grappling with a migrant crisis. The three-month-old died in a sports hall in a village on the German border. The images of an overwhelmed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. There can be little doubt that Donald Trump 2.0 would pose an even greater threat to US democracy than he did last time. Yet issuing the same warning to Americans again and again is not
After hitting Russia with an unprecedented array of sanctions following its full-scale invasion of Ukraine, G7 allies are considering an even more drastic step: spending Moscow’s money. Western nations, including the US, are exploring ways to justify seizing Russian central bank assets that are frozen in the financial system, and using them to fund Kyiv.
A push by Elon Musk’s X to bring in $100mn from political advertising in 2024 is being met by scepticism from industry insiders, hitting its hopes of offsetting revenue losses caused by big brands leaving the platform. Earlier this year, X’s billionaire owner reversed a ban on political advertising instituted by former chief executive Jack
Stay informed with free updates Simply sign up to the Professional services myFT Digest — delivered directly to your inbox. Two years ago, the City’s professional services firms couldn’t hold on to their staff. Now, they can’t get rid of them. In 2021, a post-pandemic boom in demand for the services of accounting, legal and
Shares of FedEx fell more than 9 per cent in extended trading on Tuesday, after the company cut its full-year revenue outlook and warned of a weaker demand environment. The US delivery company, which is a bellwether for global growth, said it expected a “low-single-digit percentage decline” in revenue for the fiscal year, having previously
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK pay deals are running at levels that will incline the Bank of England to keep interest rates high for longer than other central banks, as employers prepare for a big rise in the wage
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Colorado’s supreme court has barred Donald Trump from being included as a candidate in the state’s Republican presidential primary ballot due to his involvement in efforts to overturn the results of the presidential election that
Stay informed with free updates Simply sign up to the Russian business & finance myFT Digest — delivered directly to your inbox. Austria’s Raiffeisen Bank International has concluded a complex asset swap arrangement with Oleg Deripaska that skirts EU sanctions restrictions to hand the Russian oligarch roubles worth €1.5bn. In a statement on Tuesday, RBI
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Emmanuel Macron’s government was thrown into crisis on Tuesday as the French president’s centrist alliance splintered and several of his ministers threatened to resign ahead of a crucial parliamentary vote on a toughened version of
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