Private credit firms take aim at ESG for holding back financing for European defence

Stay informed with free updates Simply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox. Private credit firms that could offer vital funding to Europe’s expanding defence industry are exploring whether their investors’ sustainable investment requirements can be watered down to allow them to lend. Financing Europe’s defence sector … Read more

Vanguard rules out China in big international push

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Vanguard, the world’s second-largest asset manager, has ruled out re-entering China’s fund industry even as the group seeks to accelerate its global expansion beyond its biggest market in the US. Chris McIsaac, head of Vanguard’s … Read more

Saudi Aramco steps up e-fuel investment to prolong combustion engine era

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world’s largest oil company is stepping up investment in synthetic fuels derived from renewable energy, as it bets on the conventional combustion engine to remain a crucial part of transport despite the shift towards … Read more