Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies and other data 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 cookies
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
    • ‘As bad as it gets’: Donald Trump’s New York business empire imperilled by fraud ruling
    • ‘Princess of Uzbekistan’ indicted as crime syndicate boss
    • Armenians ‘lose motherland’ in blow to Russia’s influence abroad
    • Obesity drugmaker’s expansion raises dominance worries for Denmark
    • Sweden turns to military to help police combat gang crime
  • 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
      • US private equity firm takes stake in Liverpool Football Club
      • Former Goldman and Blackstone employee charged with insider trading
      • Adani switches UK auditor to firm with four partners  
      • Abu Dhabi group IHC sells out of two Adani companies
      • Dealmaking languishes at decade low on private equity drought
    • Tech
    • Markets
      Sections
      • Markets Home
      • Alphaville
      • Markets Data
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      Most Read
      • News updates from September 28: US mortgage rates hit 22-year high, Evergrande chair under ‘mandatory measures’
      • European bond market hit by Italy’s plans for higher borrowing
      • A power grab against private equity threatens the US economy
      • Former Goldman and Blackstone employee charged with insider trading
      • Live news: UK mortgage approvals fall to lowest level in six months
    • Climate
    • Opinion
      Sections
      • Opinion Home
      • Columnists
      • The FT View
      • Lex
      • Obituaries
      • Letters
      Most Read
      • A power grab against private equity threatens the US economy
      • South Africans’ support for Russia is rooted in misplaced nostalgia
      • What happened to the savings squirrelled away during the pandemic?
      • The promise — and peril — of generative AI
      • A strategy for hard-pressed consultants
    • Work & Careers
      Sections
      • Work & Careers Home
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      Most Read
      • Success is more complicated than one exceptional individual
      • Paternity leave in finance: ‘The more men do it, the less of a big deal it becomes’
      • The activist sued by Elon Musk: ‘We have to show we will not be cowed’
      • What Burberry taught me about the marketed mind
    • Life & Arts
      Sections
      • Life & Arts Home
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
      Most Read
      • Why Linda Yaccarino took on the wildest job in Silicon Valley
      • Horizon 22 trumps the Shard to become London’s highest viewpoint (and it’s free)
      • Democracies need to work quicker and smarter. Here’s what that might look like 
      • Booker Prize 2023: the shortlisted titles reviewed
      • 64 Goodge Street: ‘A gorgeous room’ – restaurant review
    • HTSI
    MenuSearch
    • Home
    • World
    • US
    • Companies
    • Tech
    • Markets
    • Climate
    • Opinion
    • Work & Careers
    • Life & Arts
    • HTSI
    Financial Times
    SubscribeSign In

    News in-depth

    Add to myFT Digest

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

    • Friday, 29 September, 2023
      Lebanon
      ‘It’s cool to have money again’: wealthy Lebanese party out the crisis

      High-end hospitality bounces back from country’s economic crash

      People having a night out at Parasol, a club in Beirut
    • Friday, 29 September, 2023
      Slovakia
      Liberal outsider to challenge anti-Ukraine politician in Slovak elections

      Parties of former journalist Michal Šimečka and ex-premier Robert Fico are polling neck and neck ahead of Saturday’s vote

      Smer leader Robert Fico and Progressive Slovakia’s Michal Šimečka at a televised debate
    • Friday, 29 September, 2023
      Travel & leisure industry
      Travel sector risks reality check as summer boom starts to fade

      Executives in Europe remain upbeat but cracks are starting to show in the US market

      a porter with a cart full of suitcases by the Calatrava Bridge in Venice
    • Thursday, 28 September, 2023
      Armenia-Azerbaijan conflict
      Armenians ‘lose motherland’ in blow to Russia’s influence abroad

      Self-proclaimed republic of Nagorno-Karabakh ceases to exist after Azerbaijan takes control of mountainous region

      A police officer guides the driver of a car
    • Thursday, 28 September, 2023
      Slovakia
      Illegal migration wave raises tensions ahead of Slovak elections

      Hungarian leader accused of allowing people to cross into Slovakia to boost anti-immigrant politician Robert Fico

      Six men sit on the ground with some of their belongings in plastic bags. Houses and mist can be seen in the background
    • Thursday, 28 September, 2023
      Libya
      Warlord’s iron grip on eastern Libya survives flood outrage

      Khalifa Haftar brooks no dissent and is expected to enjoy reconstruction ‘bonanza’

      People sit among the rubble in Derna, Libya, following a deadly flash flood
    • Thursday, 28 September, 2023
      Democratic Party US
      New York immigration crisis exposes tensions among Democrats

      City’s mayor and federal government spar as thousands of people arrive seeking work and housing

      A Venezuelan woman carries a child after arriving from Texas at the Port Authority Bus Terminal in New York City this month
    • Thursday, 28 September, 2023
      Denmark
      Obesity drugmaker’s expansion raises dominance worries for Denmark

      Soaring sales for Novo Nordisk’s products mean market capitalisation now exceeds country’s GDP

      An Ozempic injection pen
    • Thursday, 28 September, 2023
      Wind power
      Jersey Shore mobilises against offshore wind power

      Pushback from coastal residents adds to economic pressures for nascent US industry

      A fisherman unloads fish in New Jersey
    • Thursday, 28 September, 2023
      Semiconductors29 min
      The race for semiconductor supremacy | FT Film

      Can the US regain a leading role in advanced chip manufacturing?

      Silicon Supremacy
    • Thursday, 28 September, 2023
      Nikkei Asia
      China’s top developers lost close to $3bn due to weakened renminbi

      US-dollar indebted Evergrande, Sunac and Country Garden head list of groups suffering forex risks

      A residential development built by Chinese developer Country Garden Holdings in eastern Anhui province, wih a semi-transparent 100 renminbi note overlay
    • Wednesday, 27 September, 2023
      Donald Trump
      ‘As bad as it gets’: Trump’s New York business empire imperilled by fraud ruling

      Court’s decision casts doubt on the fate of the former president’s real estate holdings

      Trump Tower
    • Wednesday, 27 September, 2023
      Football
      Olympique Lyonnais seeks to raise €300mn and sell assets in turnaround push

      New owner John Textor says he wants to sell ‘non-core assets to focus on football’

      Lyon’s French forward Alexandre Lacazette, left, fights for the ball with Le Havre’s Senegalese defender Arouna Sangante
    • Wednesday, 27 September, 2023
      German politics
      German far-right party surges on immigrant ‘dystopia’

      Alternative for Germany is stoking anti-migrant sentiment in the town of Görlitz — and nationwide

      Sebastian Wippel speaks at an AfD election campaign event in Görlitz
    • Tuesday, 26 September, 2023
      Nigeria
      Nigerian rapper’s death exposes murky side of Afrobeats music

      Rising star’s sudden demise after raising maltreatment accusations puts genre in the spotlight

      People hold candle lights and a flare during a minute of silence at a protest inside a park in Lagos, Nigeria to demand justice for Afrobeat star MohBad following his mysterious death
    • Tuesday, 26 September, 2023
      Armenia-Azerbaijan conflict
      ‘We were betrayed’: Armenians on the run after Azerbaijan’s blitz attack

      Refugees flee disputed region of Nagorno-Karabakh

      An ethnic Armenian boy from Nagorno-Karabakh, looks on from a car upon arrival in Armenia’s Goris
    • Tuesday, 26 September, 2023
      Media
      Bob Iger and Brian Roberts lock horns over ‘kingmaker’s asset’ Hulu

      Disney and Comcast prepare for battle over the price of full ownership of the streaming service

      Brian Roberts and Bob Iger with the Hulu logo in the background
    • Tuesday, 26 September, 2023
      Poland
      Poland’s lurch to the right ahead of elections unsettles Brussels

      Warsaw’s recent anti-Ukraine rhetoric to placate potential far-right ally has sent shockwaves through EU’s capital

      PiS party leader Jaroslaw Kaczynski speaks at a campaign rally
    • Tuesday, 26 September, 2023
      Cryptocurrencies
      Hong Kong fraud probe tests city’s pro-crypto stance

      Regulators accuse trading platform JPEX of misleading investors

      JPEX logo
    • Monday, 25 September, 2023
      Accounting & Consulting services
      Big Four shed UK staff after pandemic hiring boom

      ‘Overhiring’ in some areas has led consultancies to make job cuts, say recruiters and analysts

      Montage of commuter in London, EY, Pwc, KPMG and Deloitte
    • Monday, 25 September, 2023
      Chinese business & finance
      Western companies take slow steps towards China ‘de-risking’

      Most strategies are focusing on ways to insulate China operations rather than reduce them

      Western company logos with China flag
    • Monday, 25 September, 2023
      Food & Drink9 min
      Growing calls for crop diversity | FT Food Revolution

      Our food system depends on a small number of highly uniform crops which are vulnerable to risks such as pests and climate change

    • Sunday, 24 September, 2023
      English devolution
      English devolution ‘comes of age’ as Manchester takes on the buses

      Andy Burnham hails shift from Thatcher’s deregulated model back to local public control

    • Sunday, 24 September, 2023
      UK local government finance
      ‘Dormant volcano’ returns to active duty to rescue Birmingham council

      Veteran fixer Max Caller lured out of retirement to bring UK’s largest local authority back from the brink

      Max Caller
    • Sunday, 24 September, 2023
      Poland
      Polish far-right party jostles for third-place powerbroker role

      Confederation could decide whether ruling Law and Justice party stays in office

      Confederation leader Krzysztof Bosak
    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 SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT Schools

    Tools

    PortfolioToday’s Newspaper (FT Digital Edition)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

    Community & Events

    FT CommunityFT Live EventsFT ForumsFT Board DirectorBoard Director Programme

    More from the FT Group

    Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2023. 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
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
    • Climate
    • Opinion
      • Columnists
      • The FT View
      • 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
    • Visual and data journalism
    • Newsletters
    • Video
    • Podcasts
    • News feed
    • FT Live Events
    • FT Forums
    • Board Director Programme
    • myFT
    • Portfolio
    • Today’s Newspaper (FT Digital Edition)
    • Crossword
    • Our Apps
    • Help Centre
    • Subscribe
    • Sign In