Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation accelerated sharply to 2.3 per cent in October as energy prices rose, cementing traders’ expectations that the Bank of England will hold off cutting interest rates again until next year. The annual consumer…
China’s ambassador to the US has been scrambling to connect with potential Trump administration officials after several years of struggling to get meetings with Republicans in Washington. Xie Feng has in recent months stepped up outreach in Washington by hosting dozens of former US officials and China experts at his home, according to people familiar…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of the UK’s Government Legal Department is pushing for more of a “revolving door” with industry, as US law firms in London spur large salary increases, putting extra pressure on public sector hiring….
Xavier Niel, one of Europe’s top technology investors, believes the region can succeed in creating leading artificial intelligence companies even without the billions in capital raised by US competitors — as long as founders are not tempted to cash out too early. “I think we can create big things with a few hundred million euros,”…
The week when the transition team of President-elect Donald Trump named a TV journalist as defence secretary and revealed that the world’s richest man would be heading up a new department of governmental efficiency felt like a harbinger of regime change. Joe Biden was hailed in 2020 by relieved liberals as a course correction after…
Ilya Lichtenstein and his wife, Heather Morgan, at the time of their arrest in February 2022 © Sheriff’s Office, City of Alexandria A New York man has been sentenced to five years in prison after pleading guilty to a bitcoin theft dubbed the cryptocurrency “heist of the century”, US officials said on Thursday. Ilya Lichtenstein,…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global diabetes rates have doubled over the past 30 years, with many middle- and low-income countries failing to provide sufferers with sufficient access to treatment, according to an international study. The report published in The…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Klarna fired the starting gun on its long-anticipated stock market flotation after the Swedish buy now, pay later pioneer said it had filed initial public offering documents in the US. The Swedish fintech said on…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. AstraZeneca chief executive Pascal Soriot said the company took the detention of its China president “very seriously”, as the drugmaker raised its guidance for a second straight quarter on the back of strong sales of…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s markets fell on Monday after a fiscal stimulus package announced by authorities last week to help shore up its economy underwhelmed investors. Hong Kong’s Hang Seng index declined 2.1 per cent, while mainland China’s…