Money (volume) isn’t everything (for valuations)

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

Trump always chickens out on foreign policy too

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Thanks to Donald Trump and my FT colleague, Robert Armstrong, many of the world’s investors are now talking about the “Taco trade”. It was Robert who coined the phrase “Trump always chickens out” … Read more

Africa must invest in itself

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 founder and chair of the Mo Ibrahim Foundation In the UK, US and Europe, development spending is being cut to the bone. For many, 2025 has been the final nail in … Read more