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The world’s strongest currency is also super-competitive
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Union Investment, one of Germany’s largest asset managers, has divested all of its holdings in US oil major ExxonMobil, accusing the company of “insufficient commitment” to climate targets. Henrik Pontzen, Union Investment’s head of sustainability, … Read more
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The writer is a professor at Columbia University and a Nobel laureate in economics The late Pope Francis was right to raise the alarm on the debt and development crisis facing developing countries. And he … Read more
Three years ago, the Swiss private bank that employs Matteo Zanchi as its head of strategic planning launched a suite of fully sustainable investment vehicles. Now, the bank is gradually closing these products or absorbing them into existing, broader offerings. Environmental, social and governance issues are seen increasingly “as a regulatory obligation rather than a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP’s sale of its lubricants arm Castrol has drawn early interest from private equity and industry bidders, including China’s state-owned investment company Citic, although some are considering offers below the expected $8bn-plus range. Failing to … Read more
The author is a professor of responsible and sustainable business at Oregon State University Over the past two decades, corporate sustainability has made meaningful strides. But the central focus on climate action has been too narrow. Nature loss — from deforestation and biodiversity decline to soil and ecosystem degradation — poses profound risks to business … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Treasury secretary Scott Bessent has insisted the US would never default on its debt as he sought to assuage Wall Street concerns over the state of the country’s public finances. “The United States … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Zoe has “never voted for Trump, and will never vote for anyone from his inner circle”, she said. But on a blustery Friday afternoon in West Mifflin, Pennsylvania, the 24-year-old student walked through … Read more
Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. The close relationship between US government bond yields and the dollar has broken down as investors cool on American assets in response to President Donald Trump’s volatile policymaking. Government borrowing costs and the value of … Read more