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- ECONOMY
Soaring steel prices hit South Korean shipbuilders’ turnround hopes
Higher steel prices are set to delay South Korean shipbuilders’ return to profitability, despite surging orders and rising prices for…
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FirstFT: Biden pledges to defend Taiwan militarily if China invades
Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas…
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Clifford Chance raises pay for newly qualified lawyers to £125,000 a year
Clifford Chance has raised pay for newly qualified UK-based lawyers to £125,000 in the latest escalation of a fierce pay…
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Banks and funds stash record $2tn overnight at Fed facility
Money market funds and banks parked a record $2.04tn at the Federal Reserve on Monday, underscoring the demand for safe-haven…
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British lawyers plan further protest over legal aid
Criminal solicitors in London will refuse to take on low-paid cases this week in protest over the government’s legal aid…
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The Irish language is having a moment in the sun
History was made at Stormont on May 13. In the imposing white edifice built to house what Northern Ireland’s first…
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Escape from Davos
This article is an on-site version of our Swamp Notes newsletter. Sign up here to get the newsletter sent straight…
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How shadow banks threaten the global economy
The writer is chair of Rockefeller International As the US Federal Reserve raises interest rates, debate rages over whether this…
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Joe Biden pledges to defend Taiwan militarily if China were to invade
US president Joe Biden has pledged to defend Taiwan militarily if China were to invade in remarks made during his…
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IMF head warns of ‘biggest test since second world war’
The head of the IMF has warned at the start of the World Economic Forum in Davos that the global…
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Key supplier says China will struggle to develop advanced chip technology
The chief executive of JSR, one of the world’s largest suppliers of a material critical for semiconductor production, has said…
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FirstFT: Three decade-era of globalisation is ending, warn business leaders
Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas…
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Global crises offer lessons for leaders and students
Just when the disruption of the pandemic seemed to be easing after two painful years, Vladimir Putin triggered a fresh…
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Democracy goes under the microscope
This article is an on-site version of our The Week Ahead newsletter. Sign up here to get the newsletter sent…
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The rebirth of Hotel Chelsea – and three other legendary hotels
As New York stories go, the Hotel Chelsea’s is good enough to have filled pages already. Opened in 1884 as…
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Has the Fed’s favourite inflation measure continued to fall?
Has inflation slowed US consumer spending? EY-Parthenon chief economist Gregory Daco says the US has already reached peak inflation, but…
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‘Millions’ at risk of death as Ukraine war hits food supplies, Egypt warns
Egypt’s finance minister has warned that “millions” could die because of the food price crisis triggered by the Ukraine war,…
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Populist outsider shakes up Colombia’s presidential election
A populist outsider is shaking up Colombia’s presidential election in the final days of campaigning, opening up what had largely…
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London Lawfare: how lawyers helped Russia’s super-rich
For Russian oligarchs seeking to silence opponents, the English legal system has been likened to “the biggest, hardest bat you…
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‘Quad’ security group plans system to track illegal fishing by China
The US, Japan, Australia and India will on Tuesday unveil a maritime initiative aimed at curbing illegal fishing in the…
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Germany’s corporate whistleblowers stuck in legal nowhere land
When Brigitte Heinisch filed a criminal complaint against her employer in late 2004, she did not just flag allegedly dire…
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Supercomputers: the battle of the speed machines hots up
Modern smartphones are thousands of times more powerful than the supercomputers of a few decades ago. But they are puny…
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Why US abortion rights are under attack
It’s about to become much harder to find safe abortion care in America, in a country where some states already…
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Sketches of my life in Kyiv: the roar of missiles and a painful farewell
That first morning, February 24, I had just woken up when I realised my heart was beating as fast as…
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Pessimism engulfs the Chinese economy as foreign investment fades
“No matter what you may be selling, your business in China should be enormous, if the Chinese who should buy…
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China seeks more island security pacts to boost clout in Pacific
China is intensifying its drive for influence in the Pacific by negotiating security deals with two additional island nations following…
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Tennis governing bodies strip Wimbledon of ranking points over Russia ban
The men’s and women’s professional tennis tours announced on Friday that they would strip the upcoming Wimbledon championships of their…
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Is the global economy heading for recession?
If Leo Tolstoy were writing about today’s business conditions, he might have noted that happy economies are all alike but…
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Macron sticks by loyalists in new French government
French president Emmanuel Macron has stuck with loyalists to fill key posts in his new government as he tries to…
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G7 pledges $20bn to prop up Ukraine budget
Finance ministers from the Group of Seven leading economies pledged to deliver almost $20bn of budget aid to Ukraine as…
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Naspers to sell Russia’s biggest online classifieds business Avito
South Africa’s Naspers internet group is selling Russia’s biggest online classifieds business which Ukrainian government officials allege hosted ads for…
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The NHS needs access to our shared medical data to save lives
One Saturday in 2016, I rushed into a hospital where my father, who had collapsed at home, was lying barely…
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The switch back from goods to services that wasn’t
Early in the pandemic, there was hope that humanity might draw a lesson or two from our renewed sense of…
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‘Different from the US’: why Japan does not worry about inflation
Inflation across the G7 has climbed to multi-decade highs, but whereas in the US or UK that means alarming levels…
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Meme-themed, social media-driven ETFs plummet in value
Latest news on ETFs Visit our ETF Hub to find out more and to explore our in-depth data and comparison…
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US law firm denounced for joining event to mark Hong Kong security law
US law firm Davis Polk & Wardwell has been condemned for agreeing to participate in a Hong Kong government event…
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Joe Biden waters down Indo-Pacific Economic Framework to win more support
Joe Biden has decided to water down his Indo-Pacific Economic Framework in an eleventh-hour move to attract more countries to…
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Ukraine war gathers boosts support for Balkans’ EU membership bids
This article is an on-site version of our Europe Express newsletter. Sign up here to get the newsletter sent straight…
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Senior US lawmaker pushes UK to find ‘solution’ to N Ireland stand-off
Richard Neal has accused the UK of starting to take the Good Friday Agreement “for granted”, as the influential Democratic…
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Hong Kong’s Blindspot Gallery continues to break new ground
When Mimi Chun started a gallery in Hong Kong in 2010, she gave it a name that directly addressed what…
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Biden vows to protect Finland and Sweden during Nato accession talks
US president Joe Biden agreed to “confront” any threats to the security of Finland and Sweden during their bids to…
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UK’s autumn Covid booster campaign could exclude most Britons
Most Britons are expected to be denied autumn coronavirus boosters after the UK government’s vaccine advisory group recommended that only…
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Signs of UK government’s deregulatory agenda are emerging
This article is an on-site version of our Britain after Brexit newsletter. Sign up here to get the newsletter sent…
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US Senate to vote on $40bn Ukraine aid package
The US Senate is expected to approve $40bn in fresh military, economic and humanitarian assistance for Ukraine on Thursday, as…
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Google: closure further impoverishes Russian tech, not Alphabet
First seize the airwaves. The old playbook, deployed in countless coups across Asia and Africa, is back in vogue. Authorities…
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French waste and water tie-up risks rise to UK bills, regulator warns
UK competition regulators have warned that the €13bn merger of French waste and water groups Veolia and Suez risks driving…
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Algorithmic pricing is both efficient and absurd
Deterred by the £260 cost of a return train ticket to London, one Sunderland football fan has found a cheaper…
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ECB to target ‘empty shell’ operations at big investment banks
The European Central Bank has warned the biggest Wall Street and City of London investment banks that it has lost…
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US faces summer fuel price surge
This article is an on-site version of our Energy Source newsletter. Sign up here to get the newsletter sent straight to…
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Buffalo shooting shines light on racist ‘great replacement’ theory
Joe Biden did not mention Tucker Carlson’s name this week as the US president sought to meld outrage with comfort…
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