After a year of soaring gold prices, makers of luxury watches have been left with a heavy precious metal headache. Where a year ago procurement teams were buying gold at about $2,300 an ounce, now the figure is around $3,300 an ounce, a 40 per cent increase. With stock markets still volatile, few analysts are … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Macquarie has warned global trade is under “the most intense pressure for decades”, with the Australian financial services giant predicting tariffs and a rethink of decarbonisation strategies in some countries could hit economic growth. The … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Alex Mashinsky, founder of collapsed crypto lender Celsius Network, was sentenced to 12 years in prison after admitting his role in a scheme to defraud customers and manipulate a token using customer funds. Mashinsky pleaded … Read more
The UK-US trade deal does not include “cuts or concessions” to the digital services tax, which had reportedly been part of negotiations, according to one senior UK official. The tax on the revenues of global tech companies has long been a bugbear with the US. The official also confirmed that the UK would get reductions … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It’s easy to be cynical about share buybacks, which is why we often are. Regular readers should know the debate by now. Buybacks can lower a company’s cost of capital and might be read as … Read more
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. The Bank of England has announced plans to scrap rules restricting risk-taking at building societies that it imposed after the collapse of former mutually-owned lenders Northern Rock and Bradford & Bingley in the financial … Read more
This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Welcome to Energy Source, coming to you from New York. Uncertainty and the threat of tariffs circled over the … Read more
Stay informed with free updates Simply sign up to the Currencies myFT Digest — delivered directly to your inbox. After decades of relative dullness, FX seems to be getting fun again. The latest drama is happening in the Romanian leu, which has broken free of the central bank’s grip and tumbled past the 5-per-euro mark … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock is ordering senior managers to return to the office five days a week in the latest sign that large financial services groups are tightening their flexible working policies. The world’s largest asset manager is … Read more
