Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investment banks that thought 2025 would bring a windfall of mergers and acquisitions fees have been disappointed so far. Nor are equity and credit traders likely to deliver outsized gains, following a blockbuster 2024. But … Read more
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. German yields, long frozen, are thawing. Yesterday, 10-year German Bund yields hit a 28-year high, after its chancellor-in-waiting … Read more
Investors dare to imagine a world beyond the dollar
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For a still nascent technology, generative artificial intelligence already has an impressive resume. It can compose music, summarise wads of legal documents in seconds and generate television adverts based on minimal descriptive input. To become … Read more
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 the Turkey programme at the Middle East Institute and author of ‘Erdoğan’s War: A Strongman’s Struggle at Home and in Syria’ In a historic call last week, Abdullah Öcalan, the … Read more
A swath of Australia’s eastern coast around Brisbane, the country’s third-largest city, was bracing for the first cyclone forecast to make landfall in the region in decades, as the authorities warned of the potential for widespread flooding and destructive winds. The slow-moving Tropical Cyclone Alfred was expected to come ashore late Friday or early Saturday … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The road ahead for European carmakers is shrouded in fog. Trade tensions, competition from Chinese rivals, a sluggish domestic market and an uncertain transition to electric vehicles have conspired to sink the sector’s profits and … Read more
Earlier this year, The Holme, a 40-bedroom Georgian property in Regent’s Park that was listed for £250mn in March 2023, finally sold for £138.9mn. After almost two years of failing to attract buyers, it had achieved a price cut of more than £111mn. Sure, this is an extreme example of overvaluing at the very top end … Read more
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 law professor at the American University Washington College of Law Wall Street has long fretted about the disruptive threat from technology to the business of finance. Now with Donald Trump back in … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The writer is a senior fellow at the Peterson Institute for International Economics and formerly chief economist at the IMF The Trump administration has embraced the view that the US is the victim … Read more