Fall in UK net migration threatens to carve deep hole in public finances

Chancellor Rachel Reeves wants to showcase the UK as a haven of fiscal stability in next week’s Spring Statement. But official forecasts will probably expose a self-inflicted problem: a sharp drop in net migration to the UK that will, if sustained, carve a deep hole in the public finances. Official data released this week underlined … Read more

US and Iran make ‘progress’ in nuclear talks, mediator says

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The US and Iran have made “significant progress” in talks over Tehran’s nuclear programme and will meet again, Oman’s foreign minister said at the conclusion of day-long negotiations between the two arch-foes in … Read more

Hillary Clinton accuses Republicans of ‘political theatre’ in Epstein probe

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Hillary Clinton accused Republican lawmakers of engaging in “partisan political theatre” and a “cover-up” on Thursday, as she testified before lawmakers investigating the US government’s handling of the Jeffrey Epstein case. Clinton, the … Read more

EU’s anti-fraud agency set to investigate Peter Mandelson

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Commission has requested that the EU’s anti-fraud agency investigate Lord Peter Mandelson’s actions while he was serving in Brussels as the British commissioner for trade between 2004 and 2008.  The formal request to … Read more

Victory Capital sparks bidding war with offer for Janus Henderson

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Victory Capital has put in a bid to buy UK asset manager Janus Henderson, in a move aimed at gatecrashing an earlier deal agreed with Nelson Peltz’s Trian Fund Management and General Catalyst. The US … Read more

Trafigura award climbs to $700mn after court victory against Prateek Gupta

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The sum awarded to Trafigura in a high-profile fraud case against tycoon Prateek Gupta has climbed by nearly half to $700mn. The Indian businessman on Thursday was refused permission to appeal a judgment by the … Read more

Tech stocks slide as AI spending fears return

Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. US tech stocks fell on Thursday as blockbuster earnings from Nvidia failed to calm investors’ jitters about a possible bubble in AI spending. Wall Street’s tech-heavy Nasdaq Composite index dropped 1.2 per cent on Thursday … Read more

UK citizenship applications surge as Reform vows settlement crackdown

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK citizenship applications hit a record high at the end of 2025 after Reform UK set out plans to strip overseas nationals of their right to remain permanently if it wins power at the next … Read more

Wall Street turns to complex trades to dodge AI ‘implosions’

Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. Investors are riding out the “whack-a-mole” software sell-off by loading up on protection against volatility and exploiting the divergence in sectors tipped to be either winners or losers from AI’s advance. Some of Wall Street’s … Read more

British politics gets religion

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Unlike their US counterparts, British leaders are taught to wear their faith lightly. Tony Blair, a deeply committed Christian, was reminded by a leading aide that “we don’t do God”. David Cameron likened his belief … Read more