British Steel halts plan to axe 2,700 jobs

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British Steel has halted plans to lay off up to 2,700 workers at its plant in eastern England after ending a consultation on mass redundancies that was initiated by its previous management.  Last month the … Read more

Dollar rout forces UK currency risk specialist to suspend shares

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Argentex, a UK-listed specialist in managing foreign exchange risk, has become a casualty of market volatility sparked by US President Donald Trump’s trade war, with the company forced to suspend its shares after a rout … Read more

Japanese investors sold $20bn of foreign debt as Trump tariffs shook markets

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japanese investors offloaded more than $20bn in international bonds as Donald Trump’s tariffs shook markets early this month, in a sign of how the Wall Street turbulence cascaded around the world. Private institutions, including banks … Read more

FTC sues Uber over ‘deceptive’ subscription service

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US Federal Trade Commission has sued ride-hailing app Uber, saying it made “false or misleading” claims about its subscription service, in the latest sign that Donald Trump’s administration is embracing an aggressive stance against … Read more