Test for Europe as it tackles a crisis of confidence in green projects

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It isn’t the easiest time to be a green industrial start-up in Europe. The sudden collapse into bankruptcy of Northvolt, Europe’s best-funded start-up and its big hope for battery manufacturing, has in recent months cast … Read more

Scottish Widows to slash UK equity exposure

Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. Scottish Widows, one of Britain’s largest pension providers, is preparing to significantly reduce its allocation to UK equities just as the government is pushing retirement funds to invest more in British companies.  The group, which … Read more

Foreign Treasury holdings remain near record high despite tariff turmoil

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Foreign investors’ stockpile of US government debt fell only modestly in April despite turbulence in the Treasury market driven by Donald Trump’s “liberation day” tariff announcement. International holdings fell $36.1bn in April from … Read more

Heirs to the tuna bond saga

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Dead men tell no tales, in Lebanon as much as anywhere else. But in that country in particular, they are also not even legal persons with estates. Almost a year since Mozambique won a landmark … Read more

Oaktree co-founder Howard Marks calls on China to open up to foreign investors

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Howard Marks, co-founder of $200bn alternatives manager Oaktree Capital Management, has called on China to open up more “asset classes” to foreign investors as he set out an upbeat view of the world’s second-largest economy. … Read more

SLR reform is happening. Does it matter?

Earlier this month, the US Office of Information and Regulatory Affairs published an oblique notice on its website stating that it had received a new rule proposal from the Federal Deposit Insurance Corporation. If that seems a little dull, consider that the proposed rule’s title was even more mind-numbing: “Modifications to Supplementary Leverage Capital Requirements … Read more

Oil price falls back as flow of crude through Strait of Hormuz unaffected

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oil markets have shrugged off Israel’s threat to topple the Iranian regime, with crude exports from the Middle East so far unaffected by the escalating conflict. Financial Times analysis of ship-tracking data shows there has … Read more