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Hello and welcome to Working It. Two beloved colleagues left the FT this week and it reminded me of the importance of marking those occasions. We celebrated their time here with drinks and warm words. Ritual is as important at work as it is in the rest of our lives, although we often forget it.
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Stay informed with free updates Simply sign up to the Michael Moritz myFT Digest — delivered directly to your inbox. Michael Moritz is leaving Sequoia Capital after almost 40 years leading the Silicon Valley firm’s investments in companies including Google, Yahoo, YouTube and PayPal. The departure of one of the tech industry’s best-known investors from
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Some of the negative reaction to the chancellor’s proposed pension reforms is depressing but unsurprising (Report, July 11). Pension trustees should be willing to embrace positive changes that continue to protect the primacy of members’ interests, while enabling greater diversity in investment strategies, particularly if this brings significant potential benefits to the wider economy. After
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British government ministers are fond of reminding voters that the UK has the second-most Nobel laureates of any nation and four of the world’s top 20 universities. It is a comforting counter-narrative in an era when the country seems to be struggling to keep up with developed-country peers on everything from productivity growth to healthcare
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Receive free Chinese politics & policy updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese politics & policy news every morning. China’s outspoken foreign minister Qin Gang has not been seen in public for more than three weeks, missing important diplomatic engagements and prompting growing speculation about his whereabouts. Qin
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Receive free On Wall Street updates We’ll send you a myFT Daily Digest email rounding up the latest On Wall Street news every morning. The writer is a former investment banker and author of ‘Power Failure: The Rise and Fall of an American Icon’ How much is a top chief executive worth to a company?
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Your browser does not support playing this file but you can still download the MP3 file to play locally. Miranda Green is joined by FT columnists Stephen Bush and Robert Shrimsley to ask whether there’s any way out of the economic and political “doom loop” afflicting Rishi Sunak’s government. Plus, the FT’s political editor George
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Receive free Travel updates We’ll send you a myFT Daily Digest email rounding up the latest Travel news every morning. This August, I’m heading to the Swiss Alpine village of Klosters en famille. With two toddlers in tow, we will have to skip the 700km network of hiking trails. Our activities will be gentler: refreshing
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The writer is chair of Marks and Spencer When Margaret Thatcher came to power, she recognised that, for free enterprise to succeed, ordinary people needed to feel they had a stake in society. A million council house tenants were enabled to buy their own homes and, when our nationalised industries were privatised, large allocations were
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“It’s like a declaration of war,” Robert Habeck, Germany’s vice-chancellor and economics minister, said last month. The object of his ire was not the Russian invasion of Ukraine nor Chinese military exercises around Taiwan. Instead, he was complaining about the raft of subsidies and tax breaks for manufacturers on offer in the US — Germany’s
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Do Conservatives still believe in capitalism? Or to put it less starkly, do they still have faith in their economic model? For decades, Tories were unified behind Thatcherite economics that preached free markets, private enterprise, lower taxes, fiscal prudence, deregulation and globalisation. Free trade was an unquestioned good. Oligarch money was welcome in London, China
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Sweden is on the cusp of joining Nato after Turkey dropped its objections, in a historic turning point for the Scandinavian country that cherished its militarily non-aligned status for more than two centuries. Swedes became aware of Moscow’s growing aggressiveness when the Russian air force simulated a nuclear attack on a facility close to Stockholm
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