Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • Donald Trump backs ‘immediate release’ of documents on FBI search of Mar-a-Lago
    • Luxury watch prices plummet on weak Chinese consumer confidence
    • Spain says gas link to wider EU could be ready within months
    • Olaf Scholz backs proposal for new European gas pipeline
    • China seeks to display its growing military might in Taiwan drills
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Companies
      Sections
      • Companies Home
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
      Most Read
      • Miami becomes the new boom town for corporate lawyers
      • Mark Carney to become chair of Brookfield’s asset management spin-off
      • The Qantas chief who brought a new travel disruption term to Australian vernacular
      • ValueAct takes 7% stake in New York Times with call for new approach
      • Scotch whisky shows surprising strength in global gloom
    • Tech
    • Markets
      Sections
      • Markets Home
      • Alphaville
      • Markets Data
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      • Cryptofinance
      Most Read
      • Live news updates: Peloton to raise prices and cut nearly 800 jobs to stem cash crunch
      • Spain says gas link to wider EU could be ready within months
      • Glencore cuts ties with Chinese trader over missing $500mn of copper
      • Asset managers bet big on crypto despite market rout
      • Next financial crisis likely to centre on private markets
    • Climate
    • Opinion
      Sections
      • Opinion Home
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
      Most Read
      • Mortgage wake-up call for middle classes
      • Russia’s diplomats are now reduced to propagandists
      • Next financial crisis likely to centre on private markets
      • Western companies wake up to China risk
      • Companies are struggling to adjust as consumers go cold on goods
    • Work & Careers
      Sections
      • Work & Careers Home
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      Most Read
      • Can a city be redesigned for the new world of work?
      • Brompton’s Will Butler-Adams: ‘People have no idea what goes into a product. That’s not a good thing’
    • Life & Arts
      Sections
      • Life & Arts Home
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
      Most Read
      • Is the UK housing market at a turning point?
      • Formula 1’s Toto Wolff: ‘You need to push people out of their comfort zone’
      • How we live now: Afghanistan’s women speak
      • Britain’s housing crisis — no longer a nation of homeowners?
      • My handwriting is terrible. Should I be worried?
    • HTSI
    1. Opinion
    2. The Big Read
    MenuSearch
    • Home
    • World
    • US
    • Companies
    • Tech
    • Markets
    • Climate
    • Opinion
    • Work & Careers
    • Life & Arts
    • HTSI
    Financial Times
    SubscribeSign In

    Your guide to a disrupted world

    Start a 4-week trial

    The Big Read

    Add to myFT Digest

    Add this topic to your myFT Digest for news straight to your inbox

    • Friday, 12 August, 2022
      Donald Trump
      Trump vs the FBI: ‘It is just perpetual chaos’

      The law enforcement swoop on Mar-a-Lago has reignited resentment among the former president’s base as he weighs a 2024 bid

      3 hours ago
    • Thursday, 11 August, 2022
      Retail & Consumer industry
      Social media’s big bet: the shopping revolution will be livestreamed

      Internet platforms including TikTok, YouTube and Amazon say the future of retail is live ecommerce, but early experiments in the UK and the US suggest there’s still a long way to go

    • Wednesday, 10 August, 2022
      Wildfires
      Wildfire season: How to stop California burning

      In the Napa Valley, private groups and local businesses are doing what they can to mitigate fire risk

    • Tuesday, 9 August, 2022
      Private equity
      The private equity club: how corporate raiders became teams of rivals

      The industry was founded by mercenary dealmakers who bludgeoned opponents. But firms now nurture complex relationships with their competitors

    • Monday, 8 August, 2022
      FT Financial Literacy and Inclusion Campaign
      Credit crunch: how the cost of living crisis is pushing households to breaking point

      Not-for-profit lenders are struggling to meet unprecedented demand from the poorest as they seek loans to cover basic costs

    • Sunday, 7 August, 2022
      Property sector
      The end of the warehouse bubble

      The pandemic put industrial sheds at centre stage of commercial real estate, but they are now suffering from rate rises and cooling demand

    • Friday, 5 August, 2022
      Taiwan
      China is ratcheting up pressure on Taiwan. What will the US do next?

      Nancy Pelosi visited the island to demonstrate support. But Beijing’s response has shown its capacity for military coercion

    • Thursday, 4 August, 2022
      Technology sector
      The women calling out Apple’s handling of misconduct claims

      More than a dozen employees past and present say Apple’s HR team puts the company’s reputation ahead of worker welfare

    • Wednesday, 3 August, 2022
      Religion
      How Abe’s killing exposes Japan’s thin line between church and state

      The ruling LDP party’s links to the Unification Church, or ‘Moonies’, are in the spotlight after the alleged assassin cited the connection as a motive

    • Tuesday, 2 August, 2022
      Madagascar
      Why famine in Madagascar is an alarm bell for the planet

      The UN says it is the first famine caused by climate change. Those caught up in it describe a desperate fight to survive

    • Monday, 1 August, 2022
      Venture capital investment
      Venture capital’s silent crash: when the tech boom met reality

      Investors of all stripes have crashed the clubby world of VC, drawn by the potential of tech start-ups. But there are signs the party is over

    • Sunday, 31 July, 2022
      Food & Beverage
      How the great British sandwich trade was derailed by Brexit, Covid and inflation

      An industry that became a symbol of the changes in the economy over four decades now faces a perfect storm of problems

    • Friday, 29 July, 2022
      War in Ukraine
      Europe’s fight to stay united over war in Ukraine

      The EU has shown solidarity, but facing inflation, a cost of living crisis and possible energy rationing, leaders now face a daunting test

    • Thursday, 28 July, 2022
      Pakistan
      The strange case of the cricket match that helped fund Imran Khan’s political rise

      Despite laws banning foreign funding of politics in Pakistan, documents show a money trail from Oxfordshire via the UAE to the coffers of Khan’s party

    • Wednesday, 27 July, 2022
      UK business & economy
      Will the next Tory prime minister forget about levelling up the UK?

      South Shields took the government at its word and developed a plan based on clean energy. But some fear Westminster will lose interest

    • Tuesday, 26 July, 2022
      TotalEnergies
      The oil dealmaker: Total’s Patrick Pouyanné is not backing down

      The TotalEnergies CEO backs controversial new oil and gas projects even as he pushes billions into clean energy. How long can he have it both ways?

    • Monday, 25 July, 2022
      Syrian crisis
      Syria: what is Turkey’s grand plan?

      Ankara’s deepening civil and military role in northern Syria offers it a bridgehead to fight Kurdish forces. But if it expands further, it could attract more international scrutiny

    • Sunday, 24 July, 2022
      Insurance
      Rethinking insurance: how prevention is better than a claim

      Technology is helping insurers to minimise risks or eliminate them altogether. But will early intervention push the industry out of a job?

    • Friday, 22 July, 2022
      Climate change
      Can cities adapt to an era of extreme heat?

      Urban centres across Europe are seeking solutions as record summer temperatures threaten to become an annual event

    • Thursday, 21 July, 2022
      Chinese economy
      China reckons with its first overseas debt crisis

      The Belt and Road Initiative has seen a surge in loans going bad, prompting Beijing to issue countries with emergency credit

    • Wednesday, 20 July, 2022
      Investing in funds
      Generation moonshot: why young investors are not ready to give up on risk

      Even amid a meltdown in crypto markets, DIY traders who came of age after the financial crisis no longer want to play by the old rules

    • Tuesday, 19 July, 2022
      Eurozone economy
      European economy: Lagarde wrestles with an ‘impossible situation’

      The ECB president is set to raise rates to curb inflation just as war and energy prices threaten to tip the eurozone into recession

    • Monday, 18 July, 2022
      EU defence
      Europe’s defence sector: will war in Ukraine transform its fortunes?

      Governments have pledged a surge in spending but some companies fear much of the money will go on US equipment

    • Sunday, 17 July, 2022
      Malaysia
      The sultan, his family and a $15bn dispute over oil in Malaysia

      The heirs to the last ruler of Sulu have seized state-owned energy assets in a lawsuit that dates back to colonial Britain

    • Friday, 15 July, 2022
      Emerging markets
      What Sri Lanka reveals about the risks in emerging markets

      A number of developing economies face growing pressure from soaring energy and food costs and a stronger US dollar

    Previous page You are on page 1 Next page

    Useful links

    Support

    View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

    Legal & Privacy

    Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

    Services

    Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT ChannelsSecondary Schools

    Tools

    PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

    Community & Events

    FT CommunityFT LiveFT ForumsFT Board DirectorBoard Director Programme

    More from the FT Group

    Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2022. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
    The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
    Financial Times

    International Edition

    Subscribe for full access
    • Switch to UK Edition
    • Top sections
    • Home
    • World
      • Global Economy
      • UK
      • US
      • China
      • Africa
      • Asia Pacific
      • Emerging Markets
      • Europe
      • War in Ukraine
      • Americas
      • Middle East & North Africa
      • Australia & NZ
    • US
      • US Economy
      • US Companies
      • US Politics & Policy
    • Companies
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
    • Tech
    • Markets
      • Alphaville
      • Markets Data
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      • Cryptofinance
    • Climate
    • Opinion
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
    • Work & Careers
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
    • Life & Arts
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
    • Personal Finance
      • Property & Mortgages
      • Investments
      • Pensions
      • Tax
      • Banking & Savings
      • Advice & Comment
      • Next Act
    • HTSI
    • Special Reports
    • FT recommends
    • Lex
    • Alphaville
    • Lunch with the FT
    • FT Globetrotter
    • #techAsia
    • Moral Money
    • FTfm
    • Newsletters
    • Video
    • Podcasts
    • News feed
    • FT Community
      • FT Live
      • FT Forums
      • Board Director Programme
    • myFT
    • Portfolio
    • Today's Newspaper (ePaper)
    • Crossword
    • Our Apps
    • Help Centre
    • Subscribe
    • Sign In