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The writer is Sinyi Professor of Chinese Management at Cambridge Judge Business School. In October 2024, global private equity group KKR announced the sale of geohazard mitigation business GeoStabilization International for more than $1bn, five times its original investment. A unique aspect of the deal was that GSI employees shared a $75mn payout, with some … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world 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 … Read more
US shale oil producers are facing their gravest threat in years, as a sudden crude price sell-off triggered by Donald Trump’s trade war has pushed parts of the sector to the brink of failure, executives have warned. US oil prices have fallen 12 per cent since Trump’s “liberation day” tariff announcement last week, leaving them … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Who benefits when markets lurch? Generally, those sitting on giant piles of cash. Investors who find themselves with dry powder during a crisis can relieve overextended owners of their assets, ease liquidity crunches and hopefully … Read more
Stay informed with free updates Simply sign up to the EU energy myFT Digest — delivered directly to your inbox. The EU will court the US for more gas to assuage President Donald Trump while also slashing red tape to boost renewable power capacity this year, the bloc’s energy commissioner has said. The European Commission … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As the Chinese stock market reeled this week from Donald Trump’s “liberation day” tariffs, Beijing launched a co-ordinated government effort to support share prices. Huijin Central, a sovereign wealth fund, issued a rare statement declaring … Read more
US stocks surged on Wednesday after Donald Trump backed off his plans to hit a huge swath of trading partners with steep tariffs, but investors and analysts said uncertainty over the duties would persist. The S&P 500 jumped 9.5 per cent on Wednesday, while the tech-heavy Nasdaq Composite jumped 12 per cent, the best days … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Dear Bond Vigilantes, As a great man once said: “I owe you an apology. I wasn’t really familiar with your game.” Things were looking very dicey for Americans, after the White House introduced an aggressive … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump said he had authorised a 90-day pause in additional tariffs on a wide range of countries that were willing to negotiate with the US, the first sign that the president was … Read more
