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Rays of sunlight amid Europe’s gloom

German wage agreements ought to help prevent deflation, writes Tony Barber

From the blogs

If technological progress is reshaping the economy then why is productivity growth so low?
– Andrew McAfee
Walmart shows how higher wages can be good for business
– Adam Posen
Health scares hide the fact that worldwide care is actually improving
– Kishore Mahbubani
The Nasdaq logo is seen on the exterior of the Nasdaq MarketSite in New York, in this April 2, 2013
©Brendan McDermid/Reuters

The legend of Silicon Valley’s unicorns

Tech companies are raising private money through financing rounds rather than IPOs

Pay secrets every banker lusts to learn

The thing about investment banking is that status is an invisible commodity, writes Simon Samuels

US workers need more than $10 an hour

Short-notice rotas and low pay are key to protests across America, writes Linda Tirado

A tale of two political spankings

Bennett’s human side arouses sympathy but Straw and Rifkind demonstrate less endearing ways

FT Editorial

Obama set for battle on pensions reform

World watches as US tackles key problem of mis-selling retirement products

Facebook bear hug in store for news sites

Publishers fear networking site’s attempt to host their content

Russia trades will not follow Greek logic

Athens’ interests were easy to see; Putin’s motives are unclear

Ingram Pinn illustration
©Ingram Pinn

The bank that ran aground while overseas

To anyone who witnessed its rise to become a global bank, the entire thing is baffling

Germany learns to look beyond its borders

European integration is a source of power and leverage for Berlin, writes Constanze Stelzenmüller

Founder’s legacy looms over Singapore

A palpable sense of dissatisfaction exists among the island nation’s citizens

Osborne can pay voters an unexpected bounty

Choices open up for UK chancellor as public borrowing, inflation and oil prices fall

Lure of online violence for jihadi brides

The message for women is domesticity not to fight

Isis brutality reawakens Sunni resistance

Jihadi group alienates mainstream community with multiple killings

How addiction to debt came even to China

Huge increases in private sector credit preceded many financial crises

UK stocks: interesting but not compelling

FTSE 100 record tells us little about the future

Propagandists prime Russians for fight

Kremlin tells people what to think then cites their views to justify acts, writes Andrei Ostalski

Big investors need to take more risk

Funds fail to invest long term, reducing finance for industry

Lobbyists pervert politics and earn infamy

A contract to lobby government, like an agreement to sell sex, was unenforceable in the courts

Energy companies need not fear eclipse

Light levels will drop, but no more than during cloud cover or sunset, writes Anjana Ahuja

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