business
Rocket’s Redfin super app punt looks less than stellar
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Homebuyers in the US go to one agent to find a property, and another to find a mortgage. Rocket Companies wants to do both. This week it struck an all-stock deal to buy Redfin, the … Read more
stick to what you’re good at
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. And so farewell to Northvolt. The European battery maker’s bankruptcy filing in Sweden has dealt a heavy blow to the continent’s hopes of developing a homegrown electric vehicle battery maker capable of even denting the … Read more
Pilgrims in Mecca search for a moment of peace
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Earlier this year, my mother asked me to take her to Mecca in western Saudi Arabia to perform Umrah, or the lesser pilgrimage. Arriving in the holy city one afternoon in January, we checked into … Read more
Debenhams is back, but it is still boo hoo to UK homegrown fast fashion
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Fashion regularly takes inspiration from the past and adds a modern twist. British fast-fashion retailer Boohoo has duly delved into history as it tries to dig its way out of the sales bucket. It has … Read more
The UK’s academic recession is in full swing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is professor of modern and contemporary history at Oxford Brookes University The UK’s universities are beleaguered and besieged. Redundancies continue to be announced. Cardiff, Dundee, Edinburgh, Kent, Queen’s Belfast, Sheffield; the list goes … Read more
When is it ethical to invest in weapons?
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “Jingoism” describes patriotic fervour for warfare and weapons among enthusiasts unlikely to experience their effects first hand. The term derives from a Victorian ditty penned following Russian military action in eastern Europe. It went like … Read more
Uncertainty, a slowdown, or more
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. In a time of so much market uncertainty, every big data release feels that much bigger. But today’s … Read more
Chinese Warships Circle Australia and Leave It Feeling ‘Near Naked’
For nearly a month, Australian forces were on alert as a flotilla of Chinese navy ships made an unannounced voyage around the continent. The ships sailed in and out of Australia’s exclusive economic zone. They fired live shots near commercial airspace, forcing dozens of civilian flights to reroute. They sailed past Perth in Western Australia, … Read more
Certainty is now a scarcity in markets
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chief executive and chief investment officer of Richard Bernstein Advisors Every introductory economics student knows that prices go up when demand outstrips supply. Accordingly, investing in scarcities has typically been a good … Read more