Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. The Bank of England said it required “more evidence” that inflation is falling before implementing interest rate cuts as it held borrowing costs at 5.25 per cent. At Thursday’s meeting of the Monetary Policy
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The EU has agreed a deal on a €50bn financial support package for Ukraine after Hungarian Prime Minister Viktor Orbán rescinded his veto on the aid. The compromise on the aid, which Kyiv says
It was not the first threat by Itamar Ben-Gvir to quit the Israeli government, but it was one of his most direct. As Israel and Hamas edge closer to a new hostage release deal, the ultranationalist national security minister warned he would not accept concessions to the Palestinian militant group. “I say this clearly,” Ben-Gvir
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Eurozone inflation slowed to 2.8 per cent in January, but the decline in underlying price measures was less than economists expected after stripping out more volatile energy and food costs. The renewed decline in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Deutsche Bank has set out plans to triple its dividend, buy back more shares and cut jobs as Germany’s biggest bank tries to boost a share price that has languished over the past year. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk has said Tesla will hold an investor vote on whether to move its corporate registration to Texas, in the wake of a court judgment in Delaware that voided his $56bn pay package. Tesla
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. The big market-mover yesterday, to our surprise, was not
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ousted Endeavour Mining chief Sébastien de Montessus has fought allegations of sexual misconduct towards female employees, according to four people with knowledge of the claims, adding to the woes of the French executive already suspected
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Delaware chancery court judge Kathaleen McCormick made little effort to disguise her incredulity at Elon Musk’s jaw-dropping 2018 pay package when she ruled this week that it should be rescinded. Tesla’s board was “perhaps starry
Viktor Orbán was asked on Hungarian TV late last year whether his antagonism towards Brussels and Washington would lead Hungary away from the west and out of the EU. “Our plan is not to leave the EU,” he replied. “Our plan is to conquer it.” Orbán was speaking shortly after he vetoed an €50bn EU
The Federal Reserve made two things clear at its meeting on Wednesday — interest rate cuts are coming, but not as soon as many investors might like. After two years of turbulence, including a bout of rampant inflation that caught the central bank’s officials off guard, the Fed has called time on one of the most
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If you have ever wondered what the corporate equivalent of tattooing the words “love” and “hate” on the knuckles of each fist would look like, The Pokémon Company has the answer. In a statement last
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The lawyers who represented victorious Tesla shareholders may be in line for a record-breaking payout worth hundreds of millions, or even billions, of dollars after a Delaware court on Tuesday voided a $56bn pay package
US President Joe Biden has appointed his clean energy adviser John Podesta as the country’s top climate diplomat, moving swiftly to fill the vacancy despite a looming presidential election. The appointment comes at a critical time for US climate and international energy policy, with allies concerned about the country’s commitment to global climate goals if
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Swamp Notes newsletter. Sign up here to get the newsletter sent straight to your inbox every Monday and Friday If there is one global celebrity who reflects
A Delaware judge has ruled Elon Musk has to forfeit $55bn of Tesla share awards from a long-term pay package, causing a storm at the electric-car maker and threatening to distract its boss from troubles at the company and across his business ventures. “Never incorporate your company in the state of Delaware,” Musk commented on
Municipals saw the largest one-day improvements since November Wednesday, as U.S. Treasury yields fell and equities sold off after the Federal Reserve Open Market Committee kept rates unchanged and signaled the Fed may not be rushing to cut rates until inflation is further tamed. In his press conference, Fed Chair Jerome Powell said cuts are
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Arc’teryx apparel brand owner Amer Sports is poised to raise less money than hoped in the largest US initial public offering since October, in the latest sign of investor caution amid a tentative reopening in
Another bankruptcy involving bonds issued through the Arizona Industrial Development Authority was filed Tuesday along with a pre-packaged exit plan that would result in bondholder ownership of a reorganized company. Restoration Forest Products Group, which brought the Chapter 11 case in U.S. Bankruptcy Court in Delaware, sold $112.8 million of taxable Series A senior and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US Federal Reserve held interest rates at a 23-year high on Wednesday, but gave little immediate indication of when it would begin cutting borrowing costs this year. The Federal Open Market Committee’s decision to
The Federal Reserve announced it will leave interest rates unchanged Wednesday, setting the stage for rate cuts to come — and paving the way for relief from the combination of higher rates and inflation that have hit consumers particularly hard. Although Fed officials indicated as many as three cuts coming this year, the pace that they trim interest