News from Financial Times
What is your interest today?
Labour forced to postpone £5,000-a-head business conference
The delay of the exclusive business event, featuring key government officials, may impact planned investments and networking opportunities that typically generate substantial econo...
Read Full Article →We have ‘surrendered more to the machines’, says quant fund titan Cliff Asness
Cliff Asness, co-founder of AQR, acknowledges the growing role of artificial intelligence in shaping investment decisions, highlighting a shift toward greater reliance on automated...
Read Full Article →British industry exempted from Trump’s doubling of steel tariffs
The exemption from increased steel tariffs offers potential cost savings for British manufacturers, while business leaders urge swift enactment of the recently negotiated trade agr...
Read Full Article →Trump orders 50% steel and aluminium tariffs to begin on June 4
The increase in tariffs on steel and aluminium imports is expected to impact international trade dynamics and could lead to higher costs for manufacturers relying on these material...
Read Full Article →What next for Thames Water?
The potential government takeover of the UK’s biggest water provider highlights significant financial challenges following the withdrawal of private investors from a multi-billion-...
Read Full Article →UK set to back Nato push for members to spend 3.5% of GDP on defence
The UK is anticipated to support NATO’s proposal for increased defence budgets, highlighting the importance of higher military expenditure amid ongoing political scrutiny regarding...
Read Full Article →Interest rates are normal, the world is not
Amid widespread economic uncertainty, changes in borrowing costs could significantly impact markets by either slowing growth or driving prices upward, potentially leading to combin...
Read Full Article →UK interest rate cuts hinge on slowing wage growth, Bailey says
The possibility of lowering interest rates in the UK depends on a reduction in wage increases, as the central bank anticipates slower pay growth throughout the year.
Read Full Article →KKR drops out of Thames Water rescue deal
The withdrawal of the American investment company from the funding arrangement raises concerns about the economic stability and long-term viability of the United Kingdom's biggest...
Read Full Article →Reeves warned on budget rules as OECD urges UK to boost tax revenues
The revised growth projection for 2026 reflects increased economic challenges, highlighting the importance of adjusting fiscal policies to enhance government income and manage pote...
Read Full Article →Big Four firms race to develop audits for AI products
Major accounting companies are competing to create evaluation services for artificial intelligence offerings, aiming to replicate the revenue growth they experienced from auditing...
Read Full Article →How Blackstone and its biggest rivals are drifting apart
Blackstone’s continued reliance on traditional fee structures contrasts with competitors like Apollo and KKR, who are adopting insurance-backed strategies, potentially reshaping re...
Read Full Article →It’s time for the second draft of globalisation
Adjusting capital markets to align more closely with national priorities and labor concerns could influence investment strategies and economic outcomes across different regions wor...
Read Full Article →Uber reintroduces chief operating officer role as CEO loosens grip
The appointment of Andrew Macdonald as COO and president signals a strategic shift that could impact Uber's operational efficiency and financial performance moving forward.
Read Full Article →UnitedHealth investors approve $60mn pay for returning CEO
Investors agreed to a $60 million compensation package for Stephen Hemsley as he resumed leadership, combining his CEO duties with ongoing responsibilities as board chairman.
Read Full Article →M&S boss Machin’s pay jumped 39% to £7.1mn ahead of cyber attack
The company’s leader received a substantial salary increase to £7.1 million, reflecting strong prior performance despite anticipated reductions following the recent cybersecurity i...
Read Full Article →Poland’s new president puts EU billions and trade goals at risk
Karol Nawrocki’s election as Poland’s president may influence the country’s economic relationship with the European Union, potentially affecting funding allocations and trade agree...
Read Full Article →Monzo revenues hit £1bn for first time
The London-based fintech company reported increased profits this year, surpassing a major revenue milestone, while emphasizing that plans for a public offering have not been finali...
Read Full Article →UK industrial strategy must deal with high energy costs, business warns
Lobby groups urge the government to address rising energy expenses in the forthcoming industrial strategy to help businesses manage operational costs and maintain competitiveness a...
Read Full Article →Early adoption of AI will boost US growth
The integration of artificial intelligence is expected to enhance economic expansion in the United States, potentially increasing market values despite causing workforce disruption...
Read Full Article →Dollar’s correlation with Treasury yields breaks down
The weakening relationship between the dollar and government bond yields reflects investor uncertainty regarding US economic policies and the Federal Reserve's autonomy, impacting...
Read Full Article →Opec+ to boost oil output for third consecutive month
Increasing production for the third month in a row may increase supply levels, potentially leading to lower global oil prices and impacting revenue streams for exporting countries.
Read Full Article →Japan faces big decisions on tackling bond market volatility
Japan's economic challenges and shifting population trends are influencing investor interest, leading to increased instability in the government bond market and prompting important...
Read Full Article →Trump says he will double tariffs on US steel imports to 50%
The president announced plans to increase tariffs on steel imports to 50%, potentially impacting international trade relations and affecting costs for American manufacturers and co...
Read Full Article →US stocks post biggest monthly rally since 2023
The S&P 500 experienced a notable increase in May, marking its largest monthly advance since early 2023 and highlighting a strong positive shift in the US equity market.
Read Full Article →Dimon warns US bond market will ‘crack’ under pressure from rising debt
JPMorgan Chase's CEO highlighted concerns that increasing national debt could negatively impact the US bond market, urging policymakers to implement more sustainable fiscal measure...
Read Full Article →Britain’s bank bailouts: an epic saga without a happy ending
The financial support provided during the crisis helped stabilize key institutions, yet the long-term economic and political consequences continue to influence the country’s bankin...
Read Full Article →NatWest returns to full private ownership 17 years after £46bn UK bailout
The government’s sale of its remaining shares in NatWest marks the end of public investment following a substantial financial intervention during a major economic downturn nearly t...
Read Full Article →US stock rally faces some stiff tests
The proposed budget plan introduced by Donald Trump may significantly influence market stability and investor confidence, potentially altering the direction of the current upward m...
Read Full Article →US goods imports tumble 20% in April as Trump’s tariffs disrupt trade
The recent decline in imports reflects increased expenses for overseas products, highlighting how government-imposed tariffs are impacting trade costs and influencing overall econo...
Read Full Article →