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Vijay Parekh had just turned 50 when the Post Office took him to court on trumped-up charges alleging he had stolen tens of thousands of pounds from the government-owned business. The former sub-postmaster, now 65, was pursued by investigators and lawyers acting for the Post Office, who tried to convince him that pleading guilty would

Stay informed with free updates Simply sign up to the Life & Arts myFT Digest — delivered directly to your inbox. Dinner with friends. All junior in age, all prolific readers. I come with bad news, and it isn’t humane to postpone or embroider these things. Literature — I notify them — is a lesser

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Post Office claimed tax relief on compensation it paid to victims of the postmasters scandal, sparking warnings that it risks a £100mn bill and insolvency if authorities rule the move unlawful. In its latest

BlackRock chief executive Larry Fink has been searching for years for the right private markets partner to make his $10tn money manager as formidable a player in alternative investments as it is in traditional asset management. His overtures to private equity, private credit and hedge funds rarely got beyond the first meal. Often the cultures

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The right thing for investors to do in 2023 was to ignore the worrywart consensus huggers (myself included) and leap with both feet in to a heady portfolio of the zingiest stocks. You only live

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Iowa caucuses on Monday night will mark the official start of the presidential primary season and serve as an early test of Donald Trump’s frontrunner status for the party’s nomination for the White House.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Dave Calhoun, chief executive of Boeing, addressed its employees this week about a brush with disaster on a 737 Max aircraft carrying 171 passengers, he choked up. “I got kids, I got grandkids and

Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. The writer is chief executive and chief investment officer of Richard Bernstein Advisors Proof of concept typically means evidence that a design idea is feasible. Cryptocurrency enthusiasts have suggested that the approval of bitcoin ETFs by

Just a day after the Israel-Hamas conflict began, the US sent its newest, most advanced aircraft carrier to the eastern Mediterranean. Washington hoped the USS Gerald R Ford strike carrier group, plus further US forces, would deter Iran and its myriad proxies in the region and contain the crisis. But three months later, the US

Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. Hopes that inflation will fall much quicker than the Bank of England expects have been boosted by a key commodity that feeds into its forecasts, lifting the UK’s economic prospects ahead of the general election

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US aviation regulators said on Friday they were considering whether to strip Boeing of its right to conduct some of its aircraft inspections, the latest fallout after a door panel blew out of a 737

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Morgan Stanley agreed to pay $249mn to settle long-running federal investigations into misconduct at its block trading business, as one of its former top investment bankers admitted to leaking confidential information to clients. On Friday,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a former sub-postmaster and founder of the Justice for Subpostmasters Alliance Thanks to the TV drama Mr Bates vs the Post Office, the Horizon scandal and the plight of hundreds of sub-postmasters

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Citigroup said it expected to cut 20,000 jobs in the “medium term” as it reported its worst quarter for 15 years. Citi, which is in the middle of its biggest restructuring for two decades, reported

Stay informed with free updates Simply sign up to the Property sector myFT Digest — delivered directly to your inbox. Sellers of UK residential property are expected to rein in lofty price expectations this year as buyers remain cautious despite falling mortgage rates, according to agents and housing market experts. “I think those sellers who

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s military has vowed to “smash” any Taiwan independence “plots”, sending a stark reminder of its threat to use force against the island just hours before Taiwanese voters head to the polls to elect a

As we settle into our seats at The Monocle, a steak and seafood restaurant a stone’s throw from the US Capitol, Kevin McCarthy points out a small plaque on the wall, just above the salt and pepper shakers. It reads: The Speaker’s Booth. “Once a Speaker, always a Speaker,” he says with a smile. Does

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. JPMorgan Chase reported record profits in 2023 thanks to a windfall from rising interest rates, and predicted that earnings from lending would continue to grow this year even as the Federal Reserve is expected to

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The diversion of container vessels away from the risk of attacks in the Red Sea is pushing up air freight costs as shippers try to keep Asian-produced goods on shelves despite delays to sea traffic.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock has struck a deal to buy Global Infrastructure Partners for more than $12.5bn in cash and stock, a move that will substantially boost the $10tn money manager’s footprint in alternative assets and shake up

Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Crude oil prices rose on Friday after the US and UK launched air strikes against Yemen-based Houthi rebels whose attacks against ships in the Red Sea threatened the flow of goods through one of the world’s