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Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. The UK is at high risk of a serious economic downturn next year, one of the world’s biggest active bond fund managers has warned. Daniel Ivascyn, chief investment officer at Pimco, told the Financial Times

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Adobe has terminated its proposed $20bn merger with product design software company Figma, following competition probes from EU and UK regulators. The UK’s Competition and Markets Authority said that combining the two companies would threaten

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The head of the IMF has urged Ukraine’s allies to rapidly unlock tens of billions of dollars for the country, as she warned delays in providing the extra funding would jeopardise Kyiv’s tentative economic

This article is an onsite version of our Europe Express newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday and Saturday morning A “remarkable strategic own goal by us” — that’s how Jake Sullivan, President Joe Biden’s national security adviser, this week described the risk of a lapse in

Ukraine’s Volodymyr Zelenskyy began this week hopeful that his two biggest allies in the face of Russia’s invasion would finally approve financial aid packages worth a total of $115bn. He ended it with little to show for it. Fraying support for Kyiv in Washington and Brussels coincided with Russian President Vladimir Putin vowing to attack

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. EU leaders agreed to open accession talks with Ukraine at a charged summit on Thursday, after Hungary’s prime minister relented in his opposition to the historic step for the war-torn country. The decision marks

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP said it had dismissed Bernard Looney, its former chief executive, who would forfeit as much as £32.4mn in pay after committing “serious misconduct” related to failing to disclose past relationships with colleagues. Looney stepped

Stay informed with free updates Simply sign up to the Accounting & Consulting services myFT Digest — delivered directly to your inbox. KPMG has underscored its position as laggard of the Big Four after it posted the slowest growth in global sales among the accountancy and consulting firms during the latest financial year. The smallest

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A draft agreement from the UN’s COP28 climate summit has dropped references to the phase out of fossil fuels after opposition from oil and gas-producing countries led by Saudi Arabia. The document — which will

Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. Nearly half of American voters think the US is spending too much on aid for Ukraine, according to a poll that underscores the fragility of domestic support just as Volodymyr Zelenskyy prepares to

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s national security adviser has warned that Israel “can no longer accept” the presence of Hizbollah forces on its northern border, and said it will have to “act” if they continue to pose a threat.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. EU lawmakers have agreed the terms for landmark legislation to regulate artificial intelligence, pushing ahead with enacting the world’s most restrictive regime on the development of the technology. Thierry Breton, EU commissioner, confirmed in a

Labour’s shadow City minister has unveiled 10 grandees from the Square Mile to advise the party, insisting her party has long stopped “sneering at business”. Tulip Siddiq said Labour wanted to work with the banking sector and she promised to prioritise stability after the upheavals of Brexit and Covid. “We are not coming in and

Behind the glittery facades of London’s Selfridges and New York’s Chrysler Building, Austrian property billionaire René Benko assembled a financial time bomb. Benko’s Signa Group, which bought stakes in the two trophy assets and amassed a €27bn ($29bn) property portfolio, racked up at least €13bn in debt during the years when the cost of borrowing

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has unveiled a highly contentious “emergency” bill that deems Rwanda a “safe” country in law in an effort to revive his policy of sending migrants to the east African nation. The bill states

Stay informed with free updates Simply sign up to the EU trade myFT Digest — delivered directly to your inbox. Brussels has proposed delaying the introduction of tariffs on electric vehicle sales between the UK and EU by three years, agreeing to a request from London backed by the automotive industry. The European Commission will

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Home secretary James Cleverly is set to unveil measures to reduce migration to the UK after official figures showed net legal migration soared to 745,000 last year. Changes expected to be announced on Monday include

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chair of Rockefeller International Though Indian Prime Minister Narendra Modi is in his 10th year in office, his position is as strong as ever. The Bharatiya Janata party’s overwhelming election victories in

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. EU leaders risk leaving Ukraine empty-handed at a perilous moment in its war against Russia as divisions over finances threaten a €50bn lifeline for Kyiv and Hungary vows to thwart its EU membership talks.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US defence secretary Lloyd Austin has warned Israel that it risks “strategic defeat” unless it protects Palestinian civilians in Gaza. In a sign of growing tensions between the close allies as Israel resumes its military