The tax IOU problem lurking in company accounts

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Some companies are counting tens of millions, or even billions, of dollars of IOUs from the taxman as assets on their balance sheets, even though the taxman says it doesn’t “O” them anything. The result … Read more

UK immigration debate needs to drop the numbers game

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is director of British Future, a think-tank Is immigration just a numbers game? It shouldn’t be. The white paper expected on Monday offers the government the chance to change the UK’s debate. But … Read more

Cobalt IPO is a novel way to play the blue metal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For sale: a giant heap of a much-used and politically strategic metal bouncing back from historically low prices, wrapped in a listed company. While it may sound like an odd pitch, the case for Cobalt … Read more

Plush city-centre offices are back in fashion

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The rise of remote working is transforming office markets, but not in the way investors might have expected.  During the coronavirus pandemic, stark images of desolate city centres prompted warnings of a hollowing out, with … Read more

Baklava plagiarism row cooks up a storm

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an author of fiction, cookery books and poetry anthologies. Her latest book is ‘The Dinner Table’, a collection of food writing Too many cooks spoil the broth, but what about the baklava? … Read more

Budget games, taxes and Treasuries

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. After two days meeting with Chinese vice-premier He Lifeng, Scott Bessent said “the talks were productive.” He Lifeng … Read more

Brace for disorder as the great power shifts begin

Stay informed with free updates Simply sign up to the Geopolitics myFT Digest — delivered directly to your inbox. The writer is the author, most recently, of ‘Homelands: A Personal History of Europe’ A poem bequeathed us by the epically gloomy Canadian seer-singer Leonard Cohen ends with the words: “oh and one more thing / … Read more

An American pope for the global south

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is author of ‘Hitler’s Pope’, ‘The Pontiff in Winter’ and ‘Earth to Earth’ What was he thinking? Leo XIV! A tribute clearly to Leo XIII, pope from 1878 to 1903, a major pin-up … Read more