ArcelorMittal ditches plan to convert German factories to green production

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Europe’s biggest steel producer has abandoned plans to convert two German steel plants to green production and warned that it could also close a flagship biofuels plant in Belgium in a blow to Europe’s plans … Read more

Record prices fuel surge in Sudan conflict gold smuggling

Record-high gold prices are fuelling a surge in mining in Sudan, unlocking a crucial source of revenue for the country’s warring parties and allowing them to finance the conflict. The country’s gold mining industry last year reached its highest output in six years, with swelling numbers of artisanal miners and readily available imported mining chemicals … Read more

Hedge funds cast an envious eye at their highly valued buyout brethren

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hedge fund moguls keen to cement their fortunes should try to emulate their counterparts in the private equity industry. Millennium Asset Management, the giant hedge fund seeking to sell a minority stake in itself at … Read more