business

The ECB must remain pragmatic in setting rates

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the governor of the Bank of Italy In a statement earlier this month, the European Central Bank’s governing council noted that policy rates are becoming “meaningfully less restrictive”. This means they are … Read more

There is no Bessent put in the Treasury market

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. 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 … Read more

Shell proves it’s the best of a not-so-slick bunch

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chief executives often claim they hate direct comparisons with rivals. Yet for Shell boss Wael Sawan, comparisons with London-listed competitor BP only serve to flatter. Since Sawan took the helm in January 2023, Shell’s share … Read more

How 23andMe’s gene-testing dream turned recessive

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Persistence is in Anne Wojcicki’s DNA. The co-founder of 23andMe, an innovative at-home genetic testing service, has watched her company go from hotshot Silicon Valley start-up to $6bn unicorn to penny stock. As 23andMe slid … Read more

StubHub IPO channels Taylor Swift, but not her star power

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. On paper, investors should be lining up for front-row tickets to StubHub’s initial public offering. The live entertainment industry just came off two blockbuster years thanks to the jumpsuit-clad efforts of Taylor Swift and Beyoncé. … Read more

Britain’s unwanted fiscal fix

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s chancellor Rachel Reeves did not want this week’s UK Spring Statement to be a fiscal event, but it has veered close to becoming one. Her choices in last autumn’s Budget are partly to blame. … Read more

The misinformation discourse is a distraction

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In economics, shifting from a concentrated market with a handful of dominant players to a highly competitive market of small players is usually considered a good thing. But when the products these players are targeting … Read more

How to create a true common market for defence

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Belatedly but determinedly, Europe is taking up the burden of its own defence. Part of this will be to spend more on weapons. As big a part will be to overcome the parochialism that has … Read more