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
    • Kevin McCarthy ousted as House Speaker by Republican rebels
    • ‘Now what?’: Kevin McCarthy’s historic downfall stuns Washington
    • India tells Canada to withdraw dozens of diplomatic staff
    • EU estimates Ukraine entitled to €186bn after accession
    • Germany becomes scapegoat in Poland’s bitter election campaign
  • 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
      • Revolut strikes share deal with SoftBank to remove barrier to UK licence
      • Blackstone funds legal action over soured Bain Capital deal
      • News updates from October 3: McCarthy ousted as House speaker, Japanese yen falls through 150 level
      • Hedge funds Millennium and Schonfeld in advanced partnership talks
      • The London office market is becoming harder work
    • Tech
    • Markets
      Sections
      • Markets Home
      • Alphaville
      • Markets Data
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      Most Read
      • Bond sell-off intensifies as long-term US yields hit 16-year high
      • Revolut strikes share deal with SoftBank to remove barrier to UK licence
      • Live news: Steve Scalise follows Jim Jordan into House Speaker race
      • News updates from October 3: McCarthy ousted as House speaker, Japanese yen falls through 150 level
      • Hedge funds Millennium and Schonfeld in advanced partnership talks
    • Climate
    • Opinion
      Sections
      • Opinion Home
      • Columnists
      • The FT View
      • Lex
      • Obituaries
      • Letters
      Most Read
      • Italians have embraced ‘fake English’
      • Britain is Europe’s haven from the hard right
      • Can China overcome its demographic deficit?
      • The return of American isolationism
      • Chief executives really need to lengthen their attention spans
    • Work & Careers
      Sections
      • Work & Careers Home
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      Most Read
      • Why personal conduct is a growing risk for business
      • The ghastly modern office needs a reboot
      • ‘Talk to everyone you can’: Plaid’s Zach Perret on navigating a failed sale and Covid upheaval
      • Labour conference will be so full of execs it will look like Davos, only in Liverpool
    • Life & Arts
      Sections
      • Life & Arts Home
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
      Most Read
      • How to look rich
      • David Bowie — six songs that shook the world of music
      • Climate change leads homebuyers to seek a place not in the sun
      • At home with Frankel, the racehorse turned super-stud
      • Partygate, Channel 4 review — Covid-era docudrama pulls no punches
    • HTSI
    MenuSearch
    • Home
    • World
    • US
    • Companies
    • Tech
    • Markets
    • Climate
    • Opinion
    • Work & Careers
    • Life & Arts
    • HTSI
    Financial Times
    SubscribeSign In

    Peter Wells

    Breaking news reporter

    Email Peter Wells @_peterwells  on Twitter (link opens in a new browser window)

    Add to myFT Digest

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

    • Wednesday, 4 October, 2023
      FT live news
      Oil sinks more than 5% in biggest one-day drop in more than a year
      Live
    • Tuesday, 3 October, 2023
      FT live news
      News updates from October 3: McCarthy ousted as House speaker, Japanese yen falls through 150 level
    • Monday, 2 October, 2023
      FT live news
      News updates from October 2: Treasury yields hit 16-year high, Tesla reports weak Q3 deliveries
    • Friday, 29 September, 2023
      FT live news
      News updates from September 29: BP’s top US executive to leave, Eurozone inflation falls
    • Wednesday, 27 September, 2023
      FT live news
      News updates from September 27: Soldier Travis King ‘in US custody’, Argentina’s poverty rate hits 40%
    • Tuesday, 26 September, 2023
      FT live news
      News updates from September 26: US launches Amazon lawsuit, JPMorgan to settle Epstein lawsuits
    • Monday, 25 September, 2023
      FT live news
      News updates from September 25: Nissan boss says ‘move on’ from petrol cars, Global trade contracts
    • Friday, 22 September, 2023
      FT live news
      News updates from September 22: US senator Menendez indicted, Bank of Japan maintains ultra-low rates
    • Thursday, 21 September, 2023
      FT live news
      News updates from September 21: Rupert Murdoch to step down as Fox chair, BoE holds interest rates
    • Wednesday, 20 September, 2023
      FT live news
      News updates from September 20: Fed holds rates at 22-year high, UK inflation falls to 6.7%
    • Tuesday, 19 September, 2023
      FT live news
      News updates from September 19: Oil rises above $95, FTX sues Bankman-Fried’s parents
    • Monday, 18 September, 2023
      FT live news
      News updates from September 18: Saudi minister defends production cuts, Truss and Carney trade blows
    • Friday, 15 September, 2023
      FT live news
      News updates from September 15: Union launches strike against Detroit carmakers, Zelenskyy to meet Biden in Washington
    • Thursday, 14 September, 2023
      FT live news
      News updates from September 14: ECB raises rates to all-time high, Arm shares jump in debut
    • Wednesday, 13 September, 2023
      FT live news
      News updates from September 13: Kim Jong Un meets Putin, US inflation higher than expected
    • Tuesday, 12 September, 2023
      FT live news
      News updates from September 12: BP CEO Looney to resign, Birkenstock files for Wall Street IPO
    • Monday, 11 September, 2023
      FT live news
      News updates from September 11: Instacart aims for $9.3bn IPO valuation, EU downgrades growth forecast
    • Friday, 8 September, 2023
      FT live news
      News updates from September 8: Yellen dismisses China concerns, Greek debt returns to investment grade
    • Thursday, 7 September, 2023
      FT live news
      News updates from September 7: Former FTX executive pleads guilty, rouble and renminbi sink
    • Wednesday, 6 September, 2023
      FT live news
      News updates from September 6: Latest Eurozone data clouds economic outlook, WeWork to renegotiate most of its leases
    • Tuesday, 5 September, 2023
      FT live news
      News updates from September 5: Oil rises above $90 a barrel, Spanish women’s football manager sacked
    • Friday, 1 September, 2023
      FT live news
      News updates from September 1: US jobs grow more than forecast, Walgreens Boots CEO steps down
    • Wednesday, 30 August, 2023
      FT live news
      News updates from August 31: UBS breaks record with $29bn profit after Credit Suisse deal, Eurozone inflation stickier than forecast in August
    • Wednesday, 30 August, 2023
      FT live news
      News updates from August 30: Country Garden loses record $7bn in H1, Gabonese military completes coup
    • Monday, 28 August, 2023
      FT live news
      News updates from August 29: 3M settles earplug lawsuit, Bitcoin soars on Grayscale ETF court ruling
    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