Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkey has increased interest rates to 45 per cent as policymakers signalled that a eight-month campaign of big rises in borrowing costs was over, with the country’s prolonged inflation crisis expected to ease this year.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blackstone plans to step up its dealmaking before a rebound in markets drives prices higher, the president of the private equity firm has told the Financial Times. “The wheels of merger and acquisition activity are
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 Martin Sandbu’s Free Lunch newsletter. Sign up here to get the newsletter sent straight to your inbox every Thursday We’re coming up to a series of important central
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I’ve begun writing a book on British corruption — the growing propensity of politicians to monetise their office. I’m reading investigative journalism, parliamentary reports and wonk treatises, and interviewing everyone from party donors to spies.
A Hamptons estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million. The four-acre estate in Southampton, New York, known as La Dune, was sold by Concierge Auctions at a starting bid of $66 million. The property was sold in two parts — one house sold
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Qatar has accused Benjamin Netanyahu of being “irresponsible and destructive”, saying leaked remarks by the Israeli prime minister criticising the Gulf state risked undermining efforts to secure the release of hostages held by Hamas. Doha,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese retail investors who loaded up on derivatives that rely on calm market conditions have been hit with heavy losses, further undermining confidence in the country’s sputtering equity market. So-called snowballs, which promise a stream
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The US will work with China on the safety of artificial intelligence systems in the coming months, the White House’s top science adviser has said, signalling a rare co-operation between the two powers. Arati Prabhakar,
Not long after Eric Hebborn was murdered, an off-the-record conversation with the famed artist-turned-forger was published. On tape, Hebborn made explosive claims about his time as a student at the Royal Academy of Art in the 1950s, where he had been awarded a prestigious prize. Though a gifted draughtsman, he was a surprising choice, because
Stay informed with free updates Simply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox. From the rise of stratospheric balloon funerals and progressively softer biscuit recipes to the use of noodle discounts to bribe the elderly into surrendering their driving licences, Japan’s demographics have produced a fine
Donald Trump has warned donors that they will be “barred” from his “MAGA camp” if they make further contributions to Nikki Haley’s campaign, raising the stakes for her billionaire backers a day after she was defeated in the New Hampshire primary. After dominating the first two contests in the Republican race, Trump has tried to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When British short seller Matthew Earl called the whistleblower hotline of Germany’s financial watchdog BaFin in late 2016 to flag suspicious activities at German payments company Wirecard, he did not get far. After he mentioned
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Joe Biden will go into November’s US presidential election touting his lavish spending on the green transition — and his interventionist industrial policy more generally — as one of his great achievements. He also wants
It is more than 80 years since suburban passenger trains ran on the Camp Hill railway line into Birmingham. But from the end of 2024 commuters in the UK’s second-biggest city will be using the line for the first time since the early 1940s. The £61mn upgrade will cut rush-hour journey times from the city’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The next UK government will find it harder to cut public debt than any administration since the second world war, a top think-tank has warned, underscoring the tough tax and spending choices that loom after
The S&P 500 eked out its fourth consecutive record high close on Wednesday, helped by several big tech names rising to new peaks. The blue-chip index ended 0.1 per cent higher with early gains moderating during afternoon trading. Half a dozen of the index’s biggest companies by market capitalisation closed at record highs. Tech names
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump sailed to victory over Nikki Haley in New Hampshire’s Republican primary on Tuesday, and two things are clear in the data. First, Trump’s base still loves him and votes for him. Second, he
Municipals were little changed Wednesday amid another busy primary session as U.S. Treasury yields rose throughout most of the curve and equities ended up. Despite municipal performance being in the red to start to 2023, municipal mutual funds continue to see inflows. The Investment Company Institute Wednesday reported more inflows into municipal bond mutual funds
The UK Post Office privately told ministers this month that it would have opposed appeals by nearly half of the 700 sub-postmasters convicted using data from Fujitsu’s faulty Horizon IT system. The message came days before Prime Minister Rishi Sunak announced unprecedented legislation to acquit the sub-postmasters en masse, calling the affair “one of the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The French government is pressing the UK to help plug a multibillion-pound hole in the budget of nuclear power projects being built in Britain by France’s electricity operator EDF. The call for a contribution from
Hawaii Gov. Josh Green highlighted $373 million of infrastructure and housing spending in his supplemental fiscal 2025 budget, calling it his administration’s top statewide priority during his State of the State speech. He also renewed a call for a climate change impact fee expected to collect $50 million that he said would have helped cover