Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The former chief executive of ANZ has sued the Australian bank after it stripped him of millions of dollars in bonuses over a series of scandals during his tenure. Shayne Elliott ran ANZ for almost … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The MPs’ pension scheme has less than 3 per cent of its equity portfolio invested in UK shares, far lower than private sector peers, prompting claims that it is making “a mockery” of efforts by … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apollo has moved a fast-growing unit focused on complex lending out of its prized buyout division, in the latest sign of a shift towards private credit and away from a business that built it into … Read more
A couple of months ago, Germany’s finance ministry took a remarkable step: it cancelled the long-planned Christmas issuance of a “Three Wise Men” commemorative silver coin, and a second (less festive) silver token celebrating monorails. The reason? Silver prices surged in October to hit $53 per ounce, a level where “the material value of the … Read more
Donald Trump expanded his pressure campaign on Venezuela’s strongman Nicolás Maduro on Wednesday, with a spectacular high seas seizure by US forces of an oil tanker carrying the South American country’s crude. The US president followed up the Caribbean drama with a raft of sanctions on Thursday, tightening Washington’s economic crackdown even as he avoids … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The Federal Reserve has reappointed its regional bosses earlier than anticipated, allaying concerns that Donald Trump’s allies on the central bank’s board could have sought to block them remaining in their roles. The … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC has closed a prestigious fast-track management programme that dates back to the bank’s founding 160 years ago, in the latest cost-cutting effort at Europe’s largest lender. The “International Manager” programme, a legacy scheme set … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It normally takes a lot more than three companies to create an initial public offering boom. But if those three companies are SpaceX, OpenAI and Anthropic, Wall Street may soon find itself in the middle … Read more
From a townhouse in London’s Mayfair, a secret deal was sealed last year to sell three Libyan cement factories. Hidden behind layers of offshore shell companies and non-disclosure agreements, the strategic assets passed into the hands of a businessman with connections to General Khalifa Haftar, the Russian-backed warlord who rules the east of the north … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump is pushing Ukraine to withdraw its troops from the Donbas region to create a “free economic zone” in the parts of eastern Ukraine now held by Kyiv, President Volodymyr Zelenskyy said … Read more