Finance

Finance

Labour Party blocks Andy Burnham from standing as an MP

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Labour Party has blocked Greater Manchester mayor Andy Burnham from standing as a parliamentary candidate in a move that is likely to cause a major political backlash. A 10-strong panel from the party’s ruling … Read more

Finance

Saudi Arabia to scale back Neom megaproject

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Crown Prince Mohammed bin Salman’s flagship project Neom is set to be significantly downscaled and redesigned as a review of the massive development nears completion after years of delays and budget overruns. People briefed … Read more

Finance

Vanguard passes $1tn in assets outside US

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The value of clients’ assets that Vanguard manages outside the US has topped $1tn and it is plotting a major international expansion, aiming to double its customers and assets within five years. Salim Ramji, chief … Read more

Finance

England and Wales to hand counterterror policing to new national force

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Critical policing responsibilities including combating terrorism and organised crime are to be handed to a new national police force for England and Wales under measures that Home Secretary Shabana Mahmood is due to announce on … Read more

Finance

No laughing matter as Lebanon goes after its comedians

When Mario Moubarak landed at Beirut airport in December, he was greeted by government security agents who confiscated his phone, laptop and passport. But Moubarak was not suspected of any elaborate conspiracy. A well-known stand-up comedian, his ongoing criminal investigation centres on a joke. His is the latest criminal case against Lebanese comedians that has … Read more

Finance

Link MPs’ pay to GDP, says UK business secretary

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s business secretary has called for MPs’ pay to be directly linked to GDP, to incentivise Westminster into prioritising economic growth. Peter Kyle suggested a change in remit for the Independent Parliamentary Standards Authority — … Read more

Finance

Middle powers may miss the global order more than they think

Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. Václav Havel’s essay “The Power of the Powerless” is probably not a set text in many, if any, high schools around Europe. It should be. A study of the importance of truth and reason in the … Read more

Finance

Snowstorm leaves thousands without power across US

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A severe winter storm ripping across the south and east of the US has caused mass power outages and the cancellation of thousands of flights. More than 100,000 people across the country have been left … Read more

Finance

Federal agents shoot man dead in Minneapolis

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world A man was shot dead by federal agents in Minneapolis on Saturday morning, the second fatality at the hands of law enforcement this month in a city that has become a flashpoint in … Read more

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