Today In The Markets

The UK government tried to block the Japanese software company implicated in the Post Office scandal from new public IT contracts in the early 2010s in a drive nicknamed “Project Sushi”, according to British officials. The Cabinet Office pushed to formally exclude Fujitsu and other companies from bidding for government deals on the basis of

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The victory in Taiwan’s presidential election of Lai Ching-te — a man Beijing has described as a dangerous separatist — gives the ruling Democratic Progressive party (DPP) an unprecedented third term in office. On the

Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. A top Federal Reserve official has said inflation could “see-saw” if policymakers cut rates too soon, warning that the descent towards the central bank’s 2 per cent goal was likely to slow in the months

Adebayo Ogunlesi, co-founder of Global Infrastructure Partners, credits his wife Amelia for a career switch that led on Friday to a $12.5bn deal and a leadership position at BlackRock, the world’s largest money manager. In 2005, Ogunlesi, then a top banker at Credit Suisse, was summoned to Omaha, Nebraska, by the energy arm of Warren

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Benjamin Netanyahu has vowed to continue Israel’s war in Gaza “until total victory” as he marked 100 days of conflict against Hamas, with pressure on his government mounting through protests at home and criticism abroad.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A high-level US delegation of former top officials will arrive in Taipei later on Sunday, putting to the test China’s restraint in its response to its democratic neighbour’s presidential election. Taiwan on Saturday elected Lai

Before Taiwan’s voters went to the polls on Saturday, the Chinese Communist party made sure they knew its preferred outcome, calling on them to make the “right choice” between peace and war and denouncing the Democratic Progressive party’s Lai Ching-te as a dangerous separatist. But now that Lai has won the presidency, Beijing has toned

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. SoftBank founder Masayoshi Son has piled debt on the Silicon Valley mansion he acquired for a record sum, using the showpiece house as security for a multimillion-dollar loan. The technology investor tapped his sprawling nine-acre

German companies are expected to go bust at a higher rate this year following a sharp increase in insolvencies in 2023, as businesses hit by high energy costs and the end of pandemic aid throw in the towel. Restructuring experts warn that many “zombie” companies kept afloat after the coronavirus pandemic by generous government aid

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Private equity can no longer rely on borrowing cheap money to fuel returns, and will have to go back to its roots of sourcing good deals and making operational improvements, according to the head of

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the run-up to a summit on February 1, policymakers are still struggling to tie up loose ends in the midterm review of the current EU budget, which runs from 2021 to 2027. Time spent

The deep subway tunnels of the Lukyanivska metro station in central Kyiv make an ideal air raid shelter — which is just as well as the station lies across the street from the Artem weapons factory and was damaged when Russia targeted the area in one of its biggest air strikes of the war. Ukraine

On the afternoon of January 6, the third anniversary of his supporters’ assault on the US Capitol, Donald Trump travelled to a school gymnasium on the banks of the Mississippi River to ask voters to send him back to the White House — and rattle the world like they did in 2016.  “The battle begins

The quashing in April 2021 of 39 UK sub-postmasters’ convictions marked the final blow to the Post Office after a decades-long David and Goliath struggle for justice. The Post Office had agreed the convictions should be overturned, but for most of the sub-postmasters it tried to reject arguments that they should never have been prosecuted

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump is the first choice of just under half of likely Republican caucus goers, according to a new poll that underscores the former president’s dominance heading into the Iowa caucuses on Monday. The poll,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Endeavour Mining turned to its longstanding law firm, Linklaters, to undertake investigations into its ousted chief executive, Sébastien de Montessus, despite complaints from employees at the gold producer about the firm’s independence, according to three

Were ITV to produce a show about a drama that ignited public rage and spurred new legislation, then Polly Hill and Kevin Lygo would take starring roles. The ITV executives were responsible for bringing to the screen Mr Bates vs The Post Office, a four-part series showing the real-life impact of a Post Office accounting

The US and UK had for weeks warned of retribution against the Houthi rebels menacing a vital maritime trade route. Late on Thursday, under cover of darkness, their response arrived. The US Navy fired dozens of Tomahawk cruise missiles towards Yemen from its destroyers and submarines around the Red Sea, while British jets launched laser-guided