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This is the final instalment of a three-part series on the booming labour market in the US Speaking at a community college in Cleveland, Ohio, a year ago, US president Joe Biden heralded the dawn of a new kind of labour market recovery under his watch. “My sole measure of economic success is how working

Muddled marketing of climate-friendly products threatens to undermine confidence in investing based on environmental, social and governance factors, according to big fund managers who say clearer regulatory standards are needed. Until recently, rapidly rising prices for assets that scored well on ESG factors, such as green energy and tech companies that have a low carbon

Your browser does not support playing this file but you can still download the MP3 file to play locally. Hedge funds are trying to reposition themselves in the middle of this year’s heavy tech stock sell-off, and the director of the UN’s World Food Programme, David Beasley, explains how the war in Ukraine is causing

Your browser does not support playing this file but you can still download the MP3 file to play locally. Russia’s blockade of the port of Odesa is preventing Ukraine from exporting vital supplies of grain to a hungry world. A failure to resolve the problem will lead to food price rises and starvation, resulting in

Irish prime minister Micheál Martin calls for a “joint, pragmatic solution” over the Northern Ireland protocol (FT View, May 20), but in July last year Jonathan Faull, a former director-general at the EU Commission, offered just such a collaborative solution — where the UK and the EU would each retain their own customs rules and

The battle against antibiotic resistance is often portrayed as a race between pharmaceutical science and bacterial evolution. Yet health experts warn that prevention is better than cure — and the potential of vaccines in combating drug-resistant infections is often overlooked. Of the six bacteria that are responsible for the most deaths linked to drug-resistance —

The growing importance of technology in Africa is evident from the first FT-Statista ranking of the continent’s fastest growing companies: the sector is second only to financial services for the number of businesses listed. Of the 75 companies ranked, 12 per cent are in the technology sector, just behind financial services, on 13 per cent,

Local governments across China are turning a blind eye to labour violations in an attempt to boost the economy by helping struggling businesses. Dozens of cities and provinces have recently announced reprieves for “minor” breaches, such as forcing employees to work dangerously long hours or gender and ethnic discrimination during the hiring process. The relief

Inflation is a topic currently on everyone’s mind (Report, May 21). UK inflation has hit a 40-year high of 9 per cent, leading to widespread speculation that a recession is looming for one of Europe’s largest economies. Many commentators have highlighted the significant parallels with the energy crisis of the 1970s. A political conflict led

The climate faces tipping points that have the potential to be extremely serious for mankind. Pilita Clark (Opinion, May 25) advocates a precautionary approach, taking action now, rather than talking about it. Stuart Kirk, the HSBC banker who accused policymakers of climate change hyperbole, vents about retired central bankers and poor economic forecasting, about “toast

Turkey will not be rushed to drop its opposition to moves by Sweden and Finland to join Nato by next month when leaders of the alliance’s member states meet for a summit in June, a senior adviser to President Recep Tayyip Erdoğan said. Turkey first expects “concrete steps” from the two Nordic states on its

Federal Reserve officials discussed the possibility of moving the US central bank to a “restrictive” policy stance that would better fight inflation through more aggressive interest rate increases, but worried that this could undermine the strong recovery in the jobs market.  According to minutes of the most recent FOMC meeting held in early May, most

ExxonMobil shareholders on Wednesday backed a measure calling on the oil company to lay out how a rapid global shift away from fossil fuels would affect its finances. The vote, which was backed by 52 per cent of shareholders, marks another victory for climate campaigners against America’s most valuable oil company, a year after an

While most investors in our sector are nursing significant losses after the recent change in sentiment towards tech and crypto, there are still some winners and bargain hunters out there. Anyone taking a long-term view is able to invest in some potentially undervalued companies right now, and venture capital firm Andreessen Horowitz is showing its

Boris Johnson must “bear responsibility” for the culture in Downing Street during the pandemic that allowed repeated breaking of Covid rules, senior civil servant Sue Gray concluded in her long-awaited verdict on the partygate scandal. Gray’s 37-page report — plus photographs — is an indictment of lawbreaking and drinking in 10 Downing Street in the

The use of code names for bribes including “newspapers”, “filings” and “chocolates” might seem like the stuff of fiction — but for Glencore’s oil trading unit it was normal business practice for more than a decade, prosecutors revealed this week. Cash payments, sham consulting agreements and inflated invoices were all used by traders at the

Like a day-old burger, Wendy’s shares are no longer piping hot. The US’s third-largest burger chain has shed more than a quarter of its market value this year as sales growth slows and inflation takes a toll on profits.  But one investor is betting that Wendy’s is ready to sizzle again. Nelson Peltz, the billionaire

A once-stable, “safe and happy” crypto project named terraUSD imploded earlier this month, prompting an “I told you so” chorus from detractors aimed at those unfortunate enough to be duped — and inked — by the latest crypto calamity. It’s hard not to poke fun at a decentralised, trustless, permissionless, hard-money utopian future of finance

Pakistan’s foreign minister said he hoped the country could renegotiate a deal with the IMF in response to the surge in global food and fuel prices, as mounting political unrest piled pressure on Shehbaz Sharif’s new government. Officials are in talks with the IMF to resume lending under a $6bn loan programme agreed in 2019

Hedge funds that use powerful computers to run their portfolios are making huge profits in this year’s market turmoil, marking a resurgence for a sector trying to recover from a long stretch of weak performance. Trend-following hedge funds, which use mathematical models to try to predict market movements, had struggled for years as central bank