Britain’s financial regulators are in retreat. Only hours after Prime Minister Sir Keir Starmer announced plans to abolish one of the country’s financial regulators, the City of London’s main watchdogs announced they were ditching or delaying several of their most controversial proposals. Confronted by an onslaught of government calls for them to support economic growth, regulators … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US shale oil magnate Harold Hamm is expanding beyond North America, signing a deal with Turkey’s national oil company to develop oil and gas reserves. Hamm’s Continental Resources, in a joint venture with US-based TransAtlantic … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves will need to lay out harsh spending cuts to offset higher borrowing costs in her Spring Statement this month, investors have warned, as a recent rise in bond yields intensifies the pressure on … 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 has tapped Federal Reserve governor Michelle Bowman to be vice-chair for supervision at the US central bank, a White House official said, elevating a champion of light-touch banking regulation to the … Read more
Steven Kamin was previously head of international finance at the Federal Reserve and is now senior fellow at the American Enterprise Institute. Mark Sobel was previously head of international finance at the US Treasury and is now US chair, OMFIF. In recent weeks, the buzz has been mounting about a new American plan — a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India has passed legislation intended to encourage oil and gas exploration to help meet its energy needs, a move that highlights the difficulty of persuading the world’s most populous nation to phase out fossil fuels. … 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 associate professor of political science at Providence College and author of the forthcoming book ‘Extraction: The Frontiers of Green Capitalism’ Critical minerals have topped the agenda since Donald Trump’s return … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jes Staley sent an email to his daughter referring to convicted paedophile Jeffrey Epstein as “uncle Jeffrey”, a court heard on Wednesday, as the ex-Barclays boss attempts to challenge regulators’ allegations that he played down … Read more
The rapid slump in US stocks over the past three weeks has been marked by dramatic falls for the biggest Wall Street names such as chipmaker Nvidia and carmaker Tesla. But below the surface, there have been winners as well as losers as investors switch into stocks viewed as better insulated against economic concerns and … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Barrick Gold has been ordered to pay veteran dealmaker Ian Hannam’s firm $2mn plus legal costs after the High Court in London found Hannam & Partners helped engineer a $6bn merger and failed to be … Read more