Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukrainian President Volodymyr Zelenskyy has dismissed Valeriy Zaluzhny as his top military commander, saying it was time for “renewal” of the country’s armed forces. Zaluzhny will be replaced by the commander of Ukraine’s ground
Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. Xi Jinping and Vladimir Putin have rejected US “interference” in their affairs and pledged to strengthen their industrial co-operation after trade between the two countries soared last year. Moscow and Beijing should “cultivate new momentum for
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Faced with a baby screaming the house down and throwing food on the floor, frazzled parents may be surprised to hear that their beloved offspring is probably the smartest learner in the known universe. But
In 2023 several municipal issuers made tender offers for their not-yet-callable high coupon tax-exempt bonds. In most cases, the intended goal was to refund and save interest. These tenders turned out to be remarkably unsuccessful — the average acceptance ratio was only around 30%. There was a dearth of the usual press releases reveling about
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has attacked Sir Keir Starmer’s decision to water down his flagship green investment programme, saying the move shows the Labour leader lacks a consistent plan. The Conservative prime minister said Starmer had a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Google is releasing Gemini, its latest generative artificial intelligence system, alongside new offerings for businesses and consumers, as the tech giant races Microsoft and OpenAI to commercialise the cutting-edge technology. The search giant said its
The North Carolina Local Government Commission on Tuesday approved the Mecklenburg County and Charlotte-Mecklenburg Schools request for a $2.5 billion bond package. It was the largest amount of tax-exempt financing ever OK’d by the commission. Separately, State Treasurer Dale Folwell noted that the state is on the way to reaching its goal of paying down
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Unilever’s chief executive said he was disappointed by the company’s performance after the consumer goods group reported a further erosion of its market share even as it hailed a return to positive sales volumes. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The listing of SoftBank’s chip unit Arm Holdings was the largest global IPO last year. Its performance significantly boosted the Japanese tech investment group’s net income figure in the last quarter. The good news is
The tremendous growth of separately managed accounts in the municipal market has been spurred on by higher yields, lower fees, the desire for deeper customization along with improvements in technology. Some participants on the Street estimate that SMAs hold as much as $1.5 trillion of munis while others peg it closer to $1 trillion to
Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. NatWest has poached UBS executive Emma Crystal to become chief executive of private bank Coutts, following the exit of Peter Flavel after the Nigel Farage “debanking” scandal. The state-backed bank said on Thursday that Crystal
Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. Baghdad has warned Washington it is prepared to end the co-operation that allows the US to keep a significant military presence in Iraq, over the repeated American air strikes against Iran-linked militants
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Equity purchases by Chinese banks and brokers’ international arms have helped push net flows to the country’s stock market in to positive territory for the first time this year, a shift that helps Beijing in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk has a gift for prompting questions about how we should order our world. His latest contribution to the debate is a threat to shift incorporation of his electric-car maker, Tesla, from Delaware to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world’s largest sovereign wealth fund has sharply criticised ExxonMobil’s decision to sue two shareholders that filed a climate proposal at the US oil major, pursuing the litigation even after they dropped the resolution. Nicolai
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ever come up against an unreliable shower tap? Turn slightly and it becomes too hot. Twist back and it takes ages to cool down. Well, that is the analogy Milton Friedman is said to have
A Labour government would consider unilaterally recognising a Palestinian state, shadow foreign secretary David Lammy told the Financial Times in a wide-ranging interview on Britain’s place in the world. Lammy, speaking on a four-day visit to India, said if Labour won power it would prefer to work with partners including the US in recognising Palestinian
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government is due to scrap the country’s entire reserve of coronavirus pandemic intensive care equipment next month, despite requests to send 2,000 respirators to Ukraine. The Covid Strategic Intensive Care Unit (ICU) Reserve
Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. The average global temperature has for the first time breached the critical benchmark of 1.5C above pre-industrial levels over a 12-month period, according to data from the European earth observation agency showing that last month
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s consumer prices fell at the fastest rate in 15 years in January, missing analysts’ forecasts and underlining the challenges for policymakers trying to revive investor confidence in the world’s second-largest economy. The country’s consumer
Of the many short videos that have spooled across social media since Sunday’s debacle in Hong Kong, the finest captures an enraged spectator kicking Lionel Messi’s head clean off his neck. The savagery — unleashed after an injured Messi failed to play in a showcase match on the island — was inflicted on a life-sized