Bidders for BP’s Castrol weigh offers below expected $8bn valuation

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

Why nature loss matters to companies — and what they can do

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

Treasury secretary Scott Bessent insists US will ‘never default’ on its debt

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

Anglo American’s $11bn platinum spin-off makes London market debut

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The $11bn platinum business being spun out of Anglo American will debut a secondary listing in London on Monday, in a significant milestone for the restructuring of the FTSE 100 mining company. Valterra, formerly known … Read more

Donald Trump’s steel tariffs prompt anger and warnings of ‘catastrophic’ job cuts in Canada

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Canada’s steel industry warned of “catastrophic” job losses, factory slowdowns and supply chain disruption after US President Donald Trump doubled tariffs on imports to 50 per cent. Trump’s latest tariff move sparked anger across the … Read more