BUSINESS

Is private equity becoming a money trap?

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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 founding partner of Verdad Advisers and the author of ‘The Humble Investor’ US equity markets have had a banner run in the years since the Covid-19 market panic. Yet despite the … Read more

How cheap steel endangers Europe’s defence build-up

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a senior fellow at the Atlantic Council and advises the technology company Disruptive Industries. European countries are ratcheting up their defence spending at extraordinary speed; they have no choice. As Washington hints … Read more

The VC industry needs a geopolitical reboot

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. There is no doubting the phenomenal impact that venture capital has had on the US — and global — economy over the past few decades. A tiny number of VC investors have helped create some … Read more

The bond vigilantes are on the prowl

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Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. The bond vigilantes are growling and baring their teeth, and authorities around the world (most of it, anyhow) are doing the right thing, and backing away. But the risk of bond wobbles spiralling in to … Read more

Why doesn’t government work in the US?

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Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The writer is author of ‘Liberalism and Its Discontents’ The Trump administration came into office on January 20 vowing to destroy what it called the “deep state,” unleashing Elon Musk and his so-called … Read more

US stock rally faces some stiff tests

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The startling bounceback in US stocks since April’s tariff chaos has stalled. Now, Donald Trump’s “big, beautiful” budget bill is the event that could make or break it. US retail investors are, it seems, all … Read more

‘Unearthed’ at the British Library is unhistorical — but not uninteresting

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Exhibitions on gardens have not disappeared from London with the conclusion of Chelsea Flower Show. In Lambeth, until September 21, the Garden Museum exhibits Cecil Beaton’s Garden Party, celebrating the photographer’s love of his garden. Until June 18 the Philip Mould Gallery in Pall Mall exhibits Garden to Canvas, an exhibit of yet more flower paintings … Read more