Finance

Finance

UK delays worker protections against ‘fire and rehire’ practices

Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. The UK government has delayed implementation of new worker protections against so-called fire and rehire practices while softening the impact on employers, according to plans published on Wednesday.  A near-ban on employers using fire and … Read more

Finance

How Anthropic achieved AI coding breakthroughs — and rattled business

Anthropic’s new AI coding tools have rattled markets this week, amid fears the start-up is upending traditional software development in ways that will disrupt sectors from publishing and advertising to law. The San Francisco-based start-up has unveiled a set of tools that allow users to generate, deploy and automate software using generative AI, sharply reducing … Read more

Finance

Pressure grows on Keir Starmer’s chief of staff over Peter Mandelson ambassador appointment

Pressure is growing on Sir Keir Starmer’s chief of staff Morgan McSweeney over his role in the appointment of Lord Peter Mandelson as US ambassador to Washington, which Labour figures accuse him of having personally spearheaded. Multiple MPs in the party have questioned McSweeney’s judgment in the wake of the revelations about Mandelson’s behaviour and … Read more

Finance

The angelic Meloni behind a fresco fiasco

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Just a stone’s throw from Italy’s parliament stands the Basilica of San Lorenzo in Lucina, one of Rome’s oldest churches and home to art by the 17th-century Baroque masters Gian Lorenzo Bernini and Guido Reni. … Read more

Finance

Jeffrey Epstein’s in-house trader revealed

In May 2017, Jeffrey Epstein received an exciting “proposal” from his former trusted private banker at JPMorgan. Paul Barrett proposed setting up a new family office in New York “to help oversee and manage money for JE and his various legal entities”, according to emails released by the US Department of Justice last week. By … Read more

Finance

Reform councillor steps down as head of Kent’s cost-cutting drive

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of Reform’s Elon Musk-inspired cost-cutting drive at Kent county council has stood down after he told the FT that it had not made significant cuts, undermining claims by senior party figures of vast … Read more

Finance

Chinese trading firm Zhongcai nets $500mn from silver rout

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese trading firm Zhongcai Futures has emerged as a big winner from the recent rout in silver, netting more than half a billion dollars from aggressive bets that the metal’s price would fall. Zhongcai has … Read more

Finance

Britain can’t ignore Europe and China at the same time

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer’s visit to China last week was the first by a British prime minister for eight years. His attendance at a gathering of EU leaders this week is the first since Brexit. When … Read more

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