The US has widened its productivity lead over Europe, sparking fears in the EU that it faces a “competitiveness crisis” as policymakers call for greater public and private investment. New data released on Friday showed eurozone productivity fell 1.2 per cent in the fourth quarter from a year earlier, while in the US it rose
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Stay informed with free updates Simply sign up to the Central banks myFT Digest — delivered directly to your inbox. Top central bankers in Europe and the US have moved closer to declaring victory over the biggest inflation surge for a generation, with new data giving policymakers confidence they can cut rates by the summer.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sterling is the only major developed world currency to strengthen against the dollar this year, driven by a stronger than expected UK economy and growing hopes of imminent US interest rate cuts. The pound climbed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. [embedded content] Joe Biden called on Congress to “stand up” to Russian President Vladimir Putin as he opened his annual speech to Congress with a plea to support Ukraine and criticism of Donald Trump for
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt has wound down a scheme that delivered an extra £200mn a year for social housing in England, in a controversial move that will further squeeze the finances of cash-strapped local councils. The chancellor’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nationwide Building Society has reached a preliminary agreement to buy Virgin Money in a £2.9bn deal that would bolster its ability to challenge the UK’s big four banks. Nationwide is offering a total of 220p
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Jeremy Hunt claimed that Britain’s economy has “turned the corner”, as his pre-election Budget put a £10bn personal tax cut at the heart of the Conservatives’ bid to overturn Labour’s polling lead and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump cruised to victory in more than two-thirds of the states holding Republican primaries on Super Tuesday, on a night that is set to bring him to the brink of securing his party’s presidential
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Venezuela will hold its presidential election on July 28, ending speculation over when polls will be held as political repression increases in the South American country. Socialist strongman President Nicolás Maduro is expected to run
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Jeremy Hunt is set to cut national insurance rates as he puts personal tax reductions at the heart of his Budget on Wednesday. Government insiders confirmed that Conservative whips had been told to
Academics at Imperial College London have worked with scientists at Chinese institutions linked to Beijing’s armed forces and defence sector on research with potential military applications. Since the beginning of 2023, academics at the world-leading British university have been named as co-authors on at least five studies with figures from Chinese organisations at the heart
Last November, the $1.6tn Norwegian sovereign wealth fund asked the government for the umpteenth time if it could be allowed to invest in private equity. That’s a good excuse to explore one of the financial world’s most controversial issues. After all, this is potentially a big deal, given the size of Norges Bank Investment Management
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt will on Wednesday give motorists a £5bn pre-election tax break in the Budget, as hopes rise among Tory MPs that the chancellor has mustered enough money to fund a surprise 2p income tax
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chancellor Jeremy Hunt will use the Budget on Wednesday to cut personal taxes, as he scrapes together the money needed to fund a package intended to lift Conservative MPs’ spirits ahead of the general election.
The Conservative party’s grip on office is loosening in part because of its failure to resolve Britain’s housing crisis after 14 years in power, leaving the government under pressure to improve its policy pitch to those most affected — younger voters. Despite the ruling party’s decades-old commitment to help people on to the property ladder,
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukraine could lose the energy war against Russia if stalled US aid does not arrive soon, the chief of the country’s largest private power producer warned. The call from DTEK chief executive Maxim Timchenko
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has “basically signed on” to a six-week ceasefire that would be used to facilitate a second round of swaps of Israeli hostages for Palestinian prisoners, a senior US administration official said. Several hurdles remain
It was dark when roughly 30 trucks of food reached an Israeli checkpoint on Al Rashid Street in Gaza City, a stretch of Mediterranean road dotted just four months ago with hotels, wedding halls and ice cream stands. But around 4am on February 29, videos shared by Palestinians show, it was a dystopian landscape —
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk has filed a lawsuit against OpenAI and its chief executive Sam Altman, alleging the ChatGPT-maker’s multibillion-dollar alliance with Microsoft has compromised the start-up’s original mission of building artificial intelligence systems for the benefit
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. George Galloway has won a divisive by-election contest in Rochdale with the firebrand politician threatening to inflame tensions in the UK parliament over Israel’s offensive in Gaza. Galloway won 12,335 votes on a 37.6 per
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Dozens of people were killed in northern Gaza on Thursday after the Israeli military opened fire on Palestinians rushing towards trucks carrying food but said some had died in a crush to reach the supplies.
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