Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. The European Commission has downgraded its forecasts for EU and eurozone growth for the year, as higher interest rates weigh on economic activity, and said inflation was expected to halve from the highs of 2023.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer’s books include ‘The bank that lived a little: Barclays in the age of the very free market’ On February 20, Barclays’ chief executive C S Venkatakrishnan will be revealing the outcome of a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One night in June 1942, a German U-boat dropped four Nazi saboteurs on a Hamptons beach. They took a train to New York, where their leader, George John Dasch, informed the FBI about them. Four
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak’s pledge to “grow the economy” suffered a serious blow on Thursday as official figures showed Britain entered a technical recession at the end of 2023. Labour claimed the prime minister’s promises on the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels has ramped up its fight against any anti-competitive behaviour by Big Tech giants but the response from some in the European start-up community might not be what regulators have been expecting. Last month, Amazon
Taher Mohammed knows all about the Houthis’ appetite for conflict. For eight years, he and his family hunkered down as the Yemeni rebels laid siege to their city of Taiz while battling forces loyal to the country’s ousted government. The former factory worker regarded the Iran-backed group as the aggressors in the civil war, during
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Citigroup has started tracking how many calls its private bankers are making to clients as the US lender tries to jump-start its struggling wealth management business, according to people familiar with the matter. Citi’s private
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Private equity executives need to “share the wealth” they create with workers at the companies they buy, according to the investment head of Calstrs, the giant US pension fund that is one of the world’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Since 1979, the year of the first direct elections to the European parliament, supporters of closer EU integration have demanded more powers for the assembly to improve the bloc’s effectiveness and democratic accountability. Successive reforms,
Russian forces closing in on the Ukrainian town of Avdiivka are an early test for Ukraine’s new top commander and for an army running short of ammunition and men as western military support falters. The battle for the industrial town 20km north of the Russian-occupied city of Donetsk has been raging since October but fighting
In the summer of 1985, Dale Vince found himself happily living in a variety of vehicles, among them an ambulance and a fire engine. It was a decade of fear of nuclear war, and Vince had dropped out of school to take LSD and join a peace-loving convoy of New Age travellers. After visiting peace
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Warren Buffett’s Berkshire Hathaway sold 10mn Apple shares in the last three months of 2023, cutting into a position that the so-called Oracle of Omaha has called one of the “four giants” that account for
Warren Buffett’s Berkshire Hathaway sold 10mn shares of Apple in the final three months of 2023, cutting into a position that the so-called Oracle of Omaha has described as one of the “four giants” that account for the vast majority of the conglomerate’s overall value. The sales of Apple stock, representing about 1 per cent
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Vladimir Putin has said Joe Biden would be a better US president for Russia than Donald Trump and dismissed concerns over his counterpart’s age and acuity for the role. Putin’s comments late on Wednesday marked
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt is considering slashing billions of pounds from public spending plans to fund pre-election tax cuts if he is penned in by tight finances in his March 6 Budget. Treasury insiders say the UK
Munis were steady to a touch firmer in spots and new-issues fared well in the primary, while U.S. Treasury yields fell and equities ended the trading session up as markets further digested inflation data and its effects on future Fed moves. Triple-A yields fell a basis point or two, depending on the curve, while USTs
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK Prime Minister Rishi Sunak is about to learn if Britain tipped into a technical recession at the end of last year, a statistical nicety that could hand Labour a valuable propaganda weapon ahead of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Republican chair of the House Intelligence Committee has called on the White House to declassify information about a “serious national security threat”, and emailed members of Congress about a “destabilising foreign military capability”. President
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. NatWest is set to confirm interim boss Paul Thwaite as its permanent group chief executive, with the state-backed lender preparing for the government to launch a public share sale before the end of the summer.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has warned that negotiations on a deal to secure the release of hostages held in Gaza would not advance until Hamas changed its position, in a sign that talks brokered by the US, Qatar
Beleaguered Kaweah Health Care District in central California had its rating outlook revised to stable from negative by Moody’s Investors Service, which cited significant traction by management on its financial turnaround plans. Moody’s also affirmed the health care district’s revenue bonds at below investment grade Ba1 on Monday affecting $220 million of debt. Kaweah Health