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
    • Devastating earthquakes in Turkey and Syria leave thousands dead
    • Joe Biden to revive plan for billionaire tax in State of the Union address
    • Russia’s budget deficit soars as energy revenues slump by almost half
    • Erdoğan declares state of emergency in Turkey after deadly earthquake
    • Iran’s ‘ghost fleet’ switches into Russian oil
  • 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
      • Rothschild family plans to take investment bank private
      • Ammo supply chain crisis: Ukraine war tests Europe in race to rearm
      • Adani to repay $1.1bn share-backed loan early in push to stem crisis
      • New Carlyle CEO Harvey Schwartz in line for $180mn pay deal
      • BP slows oil and gas retreat after record $28bn profit
    • Tech
    • Markets
      Sections
      • Markets Home
      • Alphaville
      • Markets Data
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      Most Read
      • Russia’s budget deficit soars as energy revenues slump by almost half
      • Live news: MPs accuse UK banks of not passing on higher interest rates to savers
      • Iran’s ‘ghost fleet’ switches into Russian oil
      • Live news updates from February 6: Quake hits Turkey and Syria, Rothschild family plans bank buyout
      • UK to design ‘digital pound’ that could fend off future private tech rival
    • Climate
    • Opinion
      Sections
      • Opinion Home
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
      Most Read
      • Brexit could be reversed — here’s how
      • The case for a land value tax is overwhelming
      • The paradox of financial conditions
      • We should all be asking more questions
      • Pakistan is on the brink
    • Work & Careers
      Sections
      • Work & Careers Home
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      Most Read
      • Barclays chief: the life lessons I have discovered during cancer treatment
      • Management research: why are so few of its ideas taken up?
    • Life & Arts
      Sections
      • Life & Arts Home
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
      Most Read
      • How long would you wait for a steak?
      • Hogwarts Legacy review — 1890s-set prequel is a step forward for Harry Potter
      • The menopause makeover — what to make of a ‘gold rush’ of new products
      • After hours with 10 Foot, London’s most notorious graffiti writer
      • Happy Valley’s classy finale — and the legacy it leaves
    • HTSI
    MenuSearch
    • Home
    • World
    • US
    • Companies
    • Tech
    • Markets
    • Climate
    • Opinion
    • Work & Careers
    • Life & Arts
    • HTSI
    Financial Times
    SubscribeSign In

    News

    Add to myFT Digest

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

    • Tuesday, 7 February, 2023
      Ecuador
      Referendum gamble backfires for Ecuador’s centre-right leader

      Guillermo Lasso’s defeat over key reforms and mayoral contests prompts call for early election

      updated
    • Tuesday, 7 February, 2023
      Technology sector
      Farewell, FTAV’s sweet prince

      All hail the dauphin of degens

      new
    • Tuesday, 7 February, 2023
      UK crime
      Former Met police officer jailed for minimum of 30 years over series of rapes

      David Carrick raped and sexually abused 12 women over the course of 17 years

      1 hour ago
    • Tuesday, 7 February, 2023
      The Royal Mint
      British coins tested for quality in 700-year-old ‘Trial of the Pyx’

      Annual ceremony dating back to the 12th century returns with rare addition to mark reign of King Charles III

      1 hour ago
    • Tuesday, 7 February, 2023
      Earthquakes
      Erdoğan declares state of emergency in Turkey after deadly earthquake

      More than 5,000 people confirmed dead in Turkey and Syria as search goes on for survivors

      2 hours ago
    • Tuesday, 7 February, 2023
      Exchange traded funds
      ETFs following US lawmakers’ stock trades go live

      NANC and KRUZ will be aligned with either Democratic or Republican Congress members’ own transactions

      2 hours ago
    • Tuesday, 7 February, 2023
      Adani Group
      Adani’s ports business to repay $600mn in race to cut debt

      Billionaire owner of group moves to shore up investor confidence after damaging short-seller report

      3 hours ago
    • Tuesday, 7 February, 2023
      UK politics & policy
      Sunak breaks up business department to refocus on energy and science

      Greg Hands appointed as Conservative party chair to replace Nadhim Zahawi

      3 hours ago
    • Tuesday, 7 February, 2023
      Corporate bonds
      US junk bonds rally on economic ‘soft landing’ bets

      Spreads between yields on high risk companies’ debt and Treasuries are at their lowest for 10 months

    • Tuesday, 7 February, 2023
      Investing in funds
      Most fund managers are above average*

      *as long as they can pick the timeframe

    • Tuesday, 7 February, 2023
      BP PLC
      BP slows oil and gas retreat after record $28bn profit

      Chief Bernard Looney says recent years show world needs ‘secure’ energy alongside renewables

    • Tuesday, 7 February, 2023
      Carlyle Group LP
      Carlyle fundraising slowed sharply during chief executive hunt

      Slowdown underlines pressure on Harvey Schwartz after he was appointed to the top job this week

    • Tuesday, 7 February, 2023
      Global inflation
      Global inflation tracker: see how your country compares on rising prices

      Inflationary pressures are beginning to wane

    • Tuesday, 7 February, 2023
      SoftBank Group Corp
      SoftBank’s Vision Funds post $5.5bn loss as Masayoshi Son steps back from spotlight

      Billionaire founder opts out of presentation for first time in decades

    • Tuesday, 7 February, 2023
      Gambling industry
      Super Bowl betting expected to hit $16bn

      More than 50mn Americans set to bet on the event either casually among friends or through an official channel

    • Tuesday, 7 February, 2023
      Fund management
      Singapore’s GIC cuts exposure to H2O Asset Management

      Decision by sovereign wealth fund follows French market regulator’s fine last month

    • Tuesday, 7 February, 2023
      Global Economy
      Policy before profits

      The BIS is relaxed about central bank losses

    • Tuesday, 7 February, 2023
      Carlsberg AS
      Carlsberg seeks buyback clause as it nears exit from Russia

      Danish brewer’s chief says he wants to give successors options in event country takes a ‘different direction’

    • Tuesday, 7 February, 2023
      Mitsubishi Heavy Industries Ltd
      Mitsubishi scraps SpaceJet project to focus on fighter jets

      Airliner programme that launched 15 years ago has struggled with delays and impact of Covid-19

    • Tuesday, 7 February, 2023
      FT live news
      Live news: MPs accuse UK banks of not passing on higher interest rates to savers
      Live
    • Tuesday, 7 February, 2023
      Politics
      Fisking the Trussay

      Because someone has to, we suppose

    • Tuesday, 7 February, 2023
      BNP Paribas SA
      BNP Paribas raises profit targets after Bank of the West windfall

      French bank benefits from US disposal and ECB interest rate rises

    • Tuesday, 7 February, 2023
      War in Ukraine
      Ammo supply chain crisis: Ukraine war tests Europe in race to rearm

      Manufacturers struggle to replenish national weapons stockpiles and meet demand from Kyiv

    • Tuesday, 7 February, 2023
      Oil & Gas industry
      Iran’s ‘ghost fleet’ switches into Russian oil

      Sanctions-busting vessels make sudden shift after introduction of oil price cap and other restrictions

    • Tuesday, 7 February, 2023
      EU economy
      Brussels response to US green push falls short, says top official

      Constant changes to EU subsidy rules create confusion for businesses, says commissioner Thierry Breton

    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 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
      • 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 Live Events
    • FT Forums
    • Board Director Programme
    • myFT
    • Portfolio
    • Today's Newspaper (ePaper)
    • Crossword
    • Our Apps
    • Help Centre
    • Subscribe
    • Sign In