Top Kirkland & Ellis debt lawyer defects to Simpson Thacher

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A star Kirkland & Ellis lawyer has left to join rival Simpson Thacher & Bartlett after the debt restructuring practices he pioneered antagonised Kirkland’s large stable of asset management clients. David Nemecek, who spent more … Read more

UK to require tech firms to remove abusive images within 48 hours

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Technology companies will have to take down abusive images from the internet within 48 hours or risk having their services blocked in the UK, under new laws proposed by Prime Minister Sir Keir Starmer. The … Read more

Federal Reserve officials warn progress towards inflation goal will be ‘uneven’

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Federal Reserve policymakers warned that progress towards the central bank’s inflation target “might be slower and more uneven than generally expected”, according to minutes from last month’s rate-setting meeting. Minutes released on Wednesday of the … Read more

AI fever sparks Raspberry Pi meme stock frenzy

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Raspberry Pi’s valuation hit £1bn for the first time in nine months on Wednesday as retail investors seized on the AI potential of the British low-cost computer maker. Shares almost doubled between Monday and midday … Read more

Does ChatGPT think you’re Welsh too?

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Welsh is the oldest living language in Great Britain — a branch of ancient Celtic that has survived its English neighbour’s best efforts to kill it off. Despite their proximity, the two languages are pretty … Read more

Who pays for the US tariffs? The answer may not surprise you

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Estimating the effects of the new US tariff regime is incredibly complicated, given the huge variety of rates and exemptions. They also seem to change all the time, depending on who is the latest to … Read more

Spain first to enter race for Lagarde succession at ECB

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spain has become the first country to openly mark its claim in the race to succeed Christine Lagarde as president of the European Central Bank. Europe’s fourth-largest economy will “actively work to ensure it holds … Read more