World’s biggest pension fund hit by $52bn loss

Japan’s GPIF blames Brexit vote and US jobs data for tumble in stocks

Amazon to build three more bookstores

Investment marks about-turn from relentless focus on online retail

Markets subdued ahead of Yellen speech

Investors wait for hints about pace of US monetary tightening

Renzi vows to rebuild towns devastated by quake

Two bridges collapse as aftershocks continue to disrupt rescue efforts

Fed Up activists meet central bankers

Policymakers accused of compromising interests of poorer citizens

Hospitals plan fresh cuts in services

Emergency cash injection fails to plug funding gap

©FT montage

Pensions and demographics: a Q&A

Pension promises challenged by unhelpful demographics

European copyright rules: what happens now?

Move to give struggling news outlets more power when cutting deals with big online players such as Google

A model of the proposed Hinkley Point C power station. The project to build the reactor is expected to cost £18bn
©PA

Hinkley alternatives ‘offer huge saving’

Opting for offshore wind farms and gas could save £1bn a year

Fears of new crisis on Britain’s railways

After Brexit vote, some industry insiders say groups risk seeing growth fall short of forecasts

Apple rushes out iPhone software patch

iOS update will plug three flaws exploited by hackers

Comment & Analysis

Ingram Pinn Illustration
©Ingram Pinn

Erdogan is fighting on too many fronts

As Biden visits Ankara, Turkey remains on a collision course with the west

©FT Graphics/Brian Saffer

How much do you really pay your money manager?

Investment fees remain a minefield

Germany’s discipline comes at a high cost

Schäuble would do better to spend more money at home, writes Martin Sandbu

Conversation starters: Comments from our readers

"Free money has several effects. First, it gets thrown away. Second, it won't be paid back. Third, it destroys any incentive for reform of an economically inefficient legal infrastructure. And there aren't any EMs that are not dependent on China. So bad investments plus a slowing China equals default. Welcome bankruptcy the EM way! Zero recovery."
William Gamble on As China nears exhaustion investors must look elsewhere



"Auditors are ultimately human. Many are quite young and may not have the experience to spot highly complex or sophisticated fraud. The move to machine learning and AI is interesting and could potentially remedy some of these issues insofar as this technology can digest more data far quicker than a any human. It is something the Big Four are looking at."
Charlie 1987 on Accountancy’s Big Four need more competition



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