European bank M&A is hard, but sometimes stars align

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Attempts to merge European banks are becoming more common. Most recent deals, though, will require a major stakeholder to be dragged kicking and screaming — be it the target, a national government, or both — … Read more

The war that should have been avoided

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world After years of threats and posturing, Israeli Prime Minister Benjamin Netanyahu has finally backed his rhetoric and launched a large-scale military assault against Iran. Waves of Israeli air strikes have targeted the Islamic … Read more

Israel, Iran and oil

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. The University of Michigan consumer sentiment index, released Friday, improved much more than expected, ending a 5-month downward … Read more

AI alone cannot solve the productivity puzzle

Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. The writer is author of ‘How Progress Ends: Technology, Innovation, and the Fate of Nations’ and an associate professor at Oxford university  Each time fears of AI-driven job losses flare up, optimists reassure us that … Read more

The myth of the suppressed Chinese consumer

Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. The writer is chair of Rockefeller International. His latest book is ‘What Went Wrong With Capitalism’ The great half-truth about China is that its economy consumes too little and invests too much. Over-investment is a … Read more