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Helge Lund, the outgoing chair of BP, sat impassively for an hour last Thursday at the company’s annual meeting, maintaining a stony expression as small shareholders took their opportunity to voice polite but firm discontent with the energy major’s performance. Only once, when asked if he was actually spending enough time thinking about BP (he … Read more
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. Top pension funds are stepping back from competing head-on with private equity groups to buy up companies, instead opting to invest alongside them to secure access to the best deals. Caisse de dépôt et placement … Read more
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
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The writer is a contributing columnist, based in Chicago Steve Pitstick has been farming in the US Midwest for 51 years, about an hour outside Chicago, the city that grain built. Seven generations … Read more
Is Trump’s drive to kill the paper cheque a ‘no brainer’?
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The dollar slumped on Monday as investors responded to mounting uncertainty over US economic policy following President Donald Trump’s attacks on Federal Reserve chair Jay Powell. The dollar fell to a three-year low … Read more
Crypto casino takings have soared to tens of billions of dollars a year, new data shows, as gamblers bypass blocks in their home countries to bet on unregulated offshore platforms. Despite being illegal in most countries, wagers paid in cryptocurrency last year generated $81.4bn in gross gaming revenue (GGR), the difference between bets taken in … Read more
Growing up in New Delhi, 38-year-old health worker Nausheen Zaidi said her parents invested in fixed deposits, life insurance and land. But after her husband introduced her to the stock market in 2012, Zaidi started small there, putting money into mutual funds, later investing Rs30,000 ($350) during the pandemic and “tasted blood”, she recalls. Her … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is research fellow at the Mossavar-Rahmani Center for Business and Government in the Harvard Kennedy School and former assistant secretary for international affairs at the US Treasury Donald Trump has already withdrawn the … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US manufacturers and service sector companies will focus on a key activity number next week to assess the damage from Donald Trump’s tariffs. A monthly composite poll by S&P Global of purchasing managers, … Read more