Economy
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Truss lands at Tory conference with honeymoon already over
Liz Truss, prime minister, arrives in Birmingham for her Conservative conference on Saturday facing the task of rebuilding her party’s…
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University is daunting — for a newly liberated parent
The season has arrived for the children born in the early 2000s to head off, hundreds of thousands of them,…
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New Manchester arts venue shines light on city’s resurgence
Rising up from the banks of the River Irwell in the former Victorian cotton metropolis of Manchester in north-west England,…
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Kwasi Kwarteng, the chancellor who blew up the markets
Hours after delivering his not-so “mini” Budget last week, Kwasi Kwarteng crossed the road to a small Westminster pub. As…
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Liquidity rules everything around me
The abrupt liquidity crisis that befell some UK pension plans this week and forced the Bank of England’s intervention may…
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Vladimir Putin unleashes a new phase of war
Eight years after Russia annexed Crimea, it has claimed sovereignty over an even larger chunk of Ukrainian territory through military…
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UK and EU agree to meet to try to resolve Northern Ireland dispute
British and EU officials have agreed to meet for the first time in months to discuss how to resolve a…
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Europe increases defence of energy assets after Baltic Sea ‘sabotage’
European countries have stepped up military patrols to protect energy supplies in the North Sea and off the coast of…
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Seven days that shook the UK
On Monday morning, as the pound was sliding sharply and interest rates surged, the UK’s new prime minister Liz Truss…
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Nothing says freedom like a sidewalk party
A large part of my life involves throwing dinner parties – whether for friends and family during my time off, or…
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Russian central bank governor Elvira Nabiullina hit with US sanctions
The US has slapped sanctions on Elvira Nabiullina, the governor of Russia’s central bank, as part of a new package…
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Death toll tops 20 as Florida assesses damage from Hurricane Ian
Hurricane Ian barrelled towards South Carolina on Friday morning after leaving a path of devastation across Florida, where officials raced…
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UK companies face new wave of takeovers, warns Numis
The boss of British broker Numis has warned that UK companies face a further wave of takeovers from overseas rivals…
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Burkina Faso president calls for calm as coup fears grow
Burkina Faso’s president urged calm on Friday as gunfire rang out in the capital of Ouagadougou, sparking fears of a…
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Vladimir Putin annexes four Ukrainian regions
Vladimir Putin has annexed four regions in south-eastern Ukraine and vowed to use “all the means” at Russia’s disposal to…
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This is Keir Starmer’s moment — but victory is not yet assured
While politicians love to divert attention from their rivals, a “WTF?” message from the IMF was not the way Conservatives…
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German €200bn energy support plan sparks ‘animosity’ within EU
Germany’s pursuit of a massive borrowing package to help its economy withstand the energy crisis has heightened tensions among EU…
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McKinsey charged over role in South Africa’s ‘state capture’ scandal
McKinsey has been criminally charged in South Africa over its role in the country’s biggest post-apartheid corruption scandal, as the…
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Japan spent almost $20bn in effort to defend tumbling yen
Japan spent ¥2.84tn ($19.7bn) in last week’s intervention to stem the yen’s plunge, although the currency is once again trading…
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A funeral for magical thinking
This article is an on-site version of our Swamp Notes newsletter. Sign up here to get the newsletter sent straight…
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US citizen killed in Iranian attack in northern Iraq
A US citizen was among 14 people killed in an Iranian bombing campaign on Iraq’s Kurdistan region, the US said,…
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European Court of Justice must rule on green cartels, says top regulator
This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight…
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Flock Hill, the chicest sheep station in the world
The Southern Alps, an expanse of mountains that runs the length of New Zealand’s South Island, are perhaps the country’s most recognisable…
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Who can save us from Liz Truss and the political pamphleteers?
What the country needs, I am now convinced, is a self-help group for writers of political booklets. A sort of…
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UN envoy vows to break Bosnia’s political deadlock as election looms
Bosnia’s UN-appointed overseer has pledged to break a four-year political deadlock that has debilitated governance in the Balkan country, as…
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Eurozone inflation hits record 10% as energy prices continue to soar
Inflation in the euro area hit a new high for the 11th consecutive month as energy prices continued to rise,…
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Military briefing: Ukraine forces close to encircling Russian troops in key town
Kyiv’s forces are close to encircling a large concentration of Russian troops in eastern Ukraine in what would be a…
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Bomb blast at Kabul academy exposes growing danger for minorities
A bomb blast has killed at least 19 teenagers at a college in a Shia neighbourhood of Kabul, the latest…
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Conservatives were already out of options on spending cuts
This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight…
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Japan grants Micron $320mn in deepening US chip alliance
US chipmaker Micron will receive up to $320mn in Japanese government subsidies, marking the first of an expected series of…
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China’s EV star and Tesla rival BYD unveils Europe expansion
BYD, the Shenzhen-based rival to Elon Musk’s Tesla, has unveiled plans to take on the European car market, as the…
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Five lessons from Britain’s bad week
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to…
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Cheating accusation tips chess world into turmoil
US teenager Hans Niemann’s shock victory over world chess champion Magnus Carlsen this month might have been celebrated as the…
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For a fascist revival look to Moscow, not Rome
The writer’s ‘Homelands: A Personal History of Europe’ will be published next spring With the victory of Giorgia Meloni of…
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Fiscal fisticuffs: the week the IMF attacked Britain’s tax cuts
The stinging rebuke from the IMF arrived at the worst moment for the UK government. With sterling selling off and…
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Lula takes dominant lead as Brazil election enters final stretch
Luiz Inácio Lula da Silva has taken a dominant lead heading into Brazil’s presidential election, with polls suggesting the leftwing…
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The Tories have become unmoored from the British people
In a single week, Britain has gone from being one among many nations facing fierce economic headwinds to being a…
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Strong dollar hits airlines as costs surge
The strength of the US dollar is putting new pressure on airlines’ fragile balance sheets, driving up the cost of…
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China loosened FX restrictions in response to Fed rate rise
The renminbi’s sharp fall over the past week started after regulators told traders they were relaxing informal foreign exchange trading…
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Hong Kong’s expat party continues — but for how long?
Like anyone else brave or stupid enough to move to Hong Kong at the peak of the Covid-19 pandemic, I…
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FirstFT: Wall Street chiefs return to Hong Kong after Covid
Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas…
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Russia’s cyber war that wasn’t
Maybe it was when a Russian officer, lacking an encrypted line, inadvertently blurted out to the world that the country’s…
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Truss to attend inaugural meeting of new European political group
UK prime minister Liz Truss will next week join the inaugural meeting of a new European grouping proposed by French…
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Russian oligarch Oleg Deripaska charged with violating US sanctions
US authorities have charged Russian metals tycoon Oleg Deripaska and his associates for violating sanctions imposed by Washington. The US…
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Currency markets are about to learn a lesson in defying economic gravity
This spring, just after Russia’s invasion of Ukraine, Washington’s Institute of International Finance made a bold and idiosyncratic prediction: the…
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FCA contacts banks following huge withdrawal of mortgage deals
The Financial Conduct Authority has contacted UK lenders following the withdrawal of more than 1,600 mortgage products over concerns that millions…
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BoE under pressure over pensions ‘time-bomb’
The Bank of England is under pressure to tighten its scrutiny over the “time-bomb” hedging strategies of pensions funds after…
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BBC World Service to cut 400 jobs in funding squeeze
The BBC World Service is to axe almost 400 jobs, equivalent to about a fifth of its total headcount, as…
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SoftBank sheds 30% of Vision Fund staff as it seeks to cut costs
SoftBank has laid off 30 per cent of staff at its flagship Vision Funds as it seeks to dramatically cut…
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Europe faces ‘severe risks’ to financial system, regulators warn
Europe’s top financial regulators have issued an unprecedented warning about “severe risks to financial stability” after concluding Russia’s invasion of…
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