Brain drain is undermining America’s scientific edge

Stay informed with free updates Simply sign up to the Science myFT Digest — delivered directly to your inbox. The writer is a science commentator Inconvenient truths need inconvenient truth-tellers. That is why the second Trump administration has worked hard to demean, discredit and even dismiss scientists. The bitter fruits of Trump’s war on science … Read more

Carmakers to win reprieve in £11bn UK motor finance redress scheme

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s main financial regulator plans to cut up to £1bn from the compensation owed by carmakers over their in-house lenders’ involvement in a motor finance mis-selling scandal. The Financial Conduct Authority’s planned climbdown comes … Read more

Christine Lagarde to leave ECB before the end of her 8-year term

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Christine Lagarde is expected to leave the European Central Bank before her eight-year term as president expires in October 2027, according to a person familiar with her thinking. Europe’s top central banker, who joined the … Read more

Reform UK pledges to keep fiscal watchdog if it wins power

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Reform UK will keep Britain’s fiscal watchdog and maintain the Bank of England’s independence if it wins power, the party’s new “shadow chancellor” will say on Wednesday, in a push to calm City of London … Read more

US charges two ex-executives at private equity-owned group with fraud

US prosecutors charged two former senior executives at a private equity-owned software group with fraud, accusing them of falsifying financial results to inflate the company’s value when it was sold to another buyout group. Mobileum’s ex-chief financial officer Andrew Warner and former chief of delivery operations Kishore Vangipuram allegedly “pocketed millions of dollars in personal … Read more

SEC urged to investigate Apollo over Epstein ties

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two US teachers’ unions have asked the Securities and Exchange Commission to investigate private markets giant Apollo Global Management for its “lack of candour” over its ties to the sex offender Jeffrey Epstein. The American … Read more

Data leak at Abu Dhabi finance summit exposes politicians and business leaders

Stay informed with free updates Simply sign up to the Cyber Security myFT Digest — delivered directly to your inbox. Passports and other identity documents belonging to hundreds of attendees of Abu Dhabi’s flagship investment conference have been exposed online, compromising the security of high-profile individuals from international finance, politics and crypto. Scans of more … Read more

Iran says ‘understanding’ reached with US to guide nuclear talks

Iran’s top diplomat said the US and the Islamic republic have reached an “understanding” on principles to guide talks on a deal over Tehran’s nuclear programme following a meeting between the adversaries on Tuesday. Iranian foreign minister Abbas Araghchi told reporters in Geneva that there had been “good developments” in the negotiations, but he also … Read more

It’s Gavin Newsom’s show for now

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world If Europe’s leaders had a say in the next US presidential election, Gavin Newsom would be the frontrunner. A month after making a spectacle of himself in Davos, California’s governor seemed like a … Read more