KKR and Bain in all-out $4bn fight for Japan’s Fuji Soft

Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. Two of the world’s biggest private equity firms, KKR and Bain, have entered an all-out fight over a $4bn Japanese software company, as Tokyo’s M&A markets step into uncharted territory.  The battle, which has been…

China’s economic growth falters in third quarter

Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy expanded 4.6 per cent year on year in the third quarter, official data showed on Friday, slower than in the previous three months, underlining faltering growth as Beijing steps up efforts to boost…

US charges Indian official over thwarted New York assassination plot

Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House US federal prosecutors have charged an Indian government official with orchestrating a plot to murder a Sikh activist in New York City. The move threatens to escalate tensions with New Delhi just…

UK ministers seek to reassure bond investors on their borrowing plans

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has set out its “guardrails” for investment to reassure bond investors as chancellor Rachel Reeves prepares a multibillion-pound borrowing programme to fund capital spending. Darren Jones, Treasury chief secretary, said an array…

Harvard donations drop sharply in wake of criticism over Israel protests

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donations to Harvard University fell by 14 per cent in the fiscal year ending June 30, as large donors cut ties and prominent alumni in the financial industry criticised its administration over a botched response…

Will Benjamin Netanyahu continue the Gaza war after the death of Hamas chief?

Israel’s killing of Yahya Sinwar is its most symbolic achievement of the war it has waged against Hamas since the militant group invaded last year and carried out the deadliest attack in the country’s history. But diplomats and analysts said that while the death of the Hamas leader, the mastermind of the October 7 2023…

Badenoch attacks Jenrick on Europe as Tory leadership contest heats up

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tory leadership candidate Kemi Badenoch attacked her rival Robert Jenrick’s flagship pledge to take Britain out of the European Convention on Human Rights as a divisive policy that would fuel infighting in the party, as…

Netflix subscriber boost from password crackdown shows signs of fading

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Netflix posted a 15 per cent rise in revenues in the third quarter to $9.8bn, slightly ahead of expectations, while subscriber numbers rose despite the numbers of global smash hits being squeezed by last year’s…

Naming and shaming plans will only hit ‘a few’ companies, says FCA chief

Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. The UK financial watchdog has tried to reassure critics of its plans to publicly “name and shame” more companies it investigates by saying the changes will only have an impact in “relatively few cases”….

New York art consultant pleads guilty to stealing $6.5mn from clients

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A former art adviser to stars including Leonardo DiCaprio has pleaded guilty to defrauding clients out of $6.5mn to fund what prosecutors claim was a “lavish” New York City lifestyle.   Lisa Schiff, who ran a…