Tariff inflation arrives

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Good morning. Donald Trump announced a trade deal with Indonesia yesterday. Indonesia will be hit with a 19 per cent tariff on exports to the US — the initial threat was 32 per cent — … Read more

Trustpilot’s five-star rating feels a little generous

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Browsing one-star reviews on Trustpilot is a great way to experience vicarious outrage on behalf of overcharged or underserved customers. Going by its own pricey valuation, though, shareholders are awarding the online reviewer the full … Read more

London’s new private equity behemoth

One scoop to start: Brandon Lutnick, son of US commerce secretary Howard Lutnick, is nearing a roughly $4bn deal with an early bitcoin supporter to buy billions of dollars in the digital tokens using a vehicle backed by Cantor Fitzgerald. And another thing: Securities and Exchange Commission head Paul Atkins has pushed out the chief … Read more

Bank of England to find replacement for UK’s outdated payment system

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England has been handed responsibility for overhauling the UK’s retail payments infrastructure to replace the “faster payments system” that was groundbreaking when it was launched in 2008 but is now seen as … Read more

Elliott Management builds stake in Global Payments in wake of Worldpay deal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activist hedge fund Elliott Management has built a sizeable stake in Global Payments as the payment processing group looks to win back investors after its $24.2bn acquisition of Worldpay caused shares to plunge to a … Read more