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A police officer and a rescue worker walk in front of the remains of Ria Pizza restaurant in Kramatorsk © AP Two Russian S-300 missiles struck the eastern Ukrainian city of Kramatorsk on Tuesday evening, killing two people and destroying a popular pizzeria and shopping centre, according to regional authorities. One missile struck near Hotel

Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. This economy keeps throwing up surprises. New orders for

Receive free Nigeria updates We’ll send you a myFT Daily Digest email rounding up the latest Nigeria news every morning. Nigeria’s oil and gas industry, the source of much of the country’s foreign receipts and more than half of government revenues, is in bad shape. Although figures released by Nigeria’s national statistics bureau show $45.6bn

If it was the intention of Bola Tinubu, Nigeria’s new president, to attract the attention of investors, he could not have picked five more potent words to achieve his aim. “The fuel subsidy is gone,” he blurted out during his May inauguration speech — departing from prepared remarks that had spoken merely of “phasing out”

Thames Water has announced its chief executive Sarah Bentley was stepping down with immediate effect, as the UK’s largest water utility struggles to transform its record on pollution and leaks. The abrupt exit follows criticism from regulator Ofwat over its record on sewage pollution amid increasing public anger over the sector’s environmental record. Bentley and

Receive free Sam Bankman-Fried updates We’ll send you a myFT Daily Digest email rounding up the latest Sam Bankman-Fried news every morning. Sam Bankman-Fried must face the full suite of criminal charges brought against him over the multibillion-dollar collapse of his FTX cryptocurrency exchange, a New York court has ruled. In an order on Tuesday,

Receive free Lex updates We’ll send you a myFT Daily Digest email rounding up the latest Lex news every morning. TikTok’s comment section is filled with viewers asking creators where they bought the shirt/bag/lipstick they are wearing in the video. Parent company ByteDance wants to cash in on that interest. Its ambitions for logistics will

One scoop to start: Chancellor Jeremy Hunt will use his Mansion House speech next month to outline wide-ranging plans for channelling UK pension investments worth billions of pounds into fast-growing British companies. Investors navigate higher interest rates Central banks have come under the spotlight as policymakers increased rates last week in an attempt to rein

The 820,000km of electricity cables criss-crossing Britain have proved a solid investment for those who swooped on the electricity network sector post-privatisation in 1990.  International investors including Warren Buffett, Li Ka-shing and major global infrastructure funds have enjoyed the comfort of owning regulated monopolies in a relatively sleepy sector that attracts less of the political

Stuart Kirk (“I don’t own greens funds because I want to live”, Opinion, June 17) questions the sustainability of investment in so-called artificial intelligence stocks on the basis of the possible threat AI poses should it run out of our control. That ignores the fact that the greatest threats — from lethal autonomous weapons systems

As colleagues over the decades will confirm, the investment subject I loathe more than any other is house prices. Even gold — occupying the vacuous outer space of finance — comes a distant second. And I’ve never typed a word on the yellow metal. So imagine my dread when it became clear I couldn’t avoid

Lex (“Visa/Mastercard: fee plea”, June 20) notes that credit card processing costs, so-called swipe fees, in America average 1.8 per cent per transaction. Since my card company pays me 2 per cent for using their card (which I do for everything that I can), I suppose that I owe a debt of gratitude to all

Shares in British online grocer Ocado surged as much 43 per cent on Thursday following rumours that it could be a bid target for Amazon. Ocado’s stock was last trading at 580p, or 35 per cent higher, after The Times newspaper reported that the UK company could be of interest to “technology heavyweights”, including Amazon.

Britain needs to overhaul its pension system to create “superfunds” that can take controlling stakes in large companies and drive business investment, a leading think-tank has argued. A long-term decline in capital spending by UK businesses is a key reason why living standards have not improved in line with those of other rich countries, according

Hello from London, where hundreds of officials, civil society representatives and business people are convening today and tomorrow to discuss Ukraine’s recovery from Putin’s war. As a top aide to Ukrainian president Volodymyr Zelenskyy made clear in our Monday edition, the country is looking to put green finance at the centre of its reconstruction strategy.

Michelle Taylor, director of marine biology at the University of Essex, is still buzzing about “one of the most exhilarating experiences of my life”. In April, when her submersible crested the ridge of a submerged volcano 600 metres below the ocean surface in the Galápagos marine reserve, its powerful headlights revealed a previously undiscovered coral

Germany’s top carmakers have been accused of using forced labour in their Chinese supply chains, in one of the first official complaints against domestic companies to be brought under the country’s new supply chain law. On Tuesday, the European Center for Constitutional and Human Rights, a non-profit organisation based in Berlin, said it had filed

Villa, Capo Carbonara, Sardinia, Italy, €22mn Where On the Capo Carbonara peninsula in the south-east corner of Sardinia. Cagliari, the island’s capital, and its international airport are just over an hour’s drive along the coast. The resort of Villasimius, a former fishing village, is 3km from the house. What A five-bedroom contemporary villa on the

Brussels faces resistance from frugal European capitals as it seeks an additional €66bn for the bloc’s common budget to cover rising interest costs, migration-related expenses and commitments stemming from the war in Ukraine.  As part of an overhaul of the EU’s seven-year budget proposed on Tuesday, the European Commission seeks support for a €50bn package

One of my more reckless childhood experiments was shaving my entire body at a sleepover party. It was the late ’90s and laser hair removal was beginning to take off; billboards were covered with silky legs and armpits. My mother, a second-wave feminist, was distraught. I was banned from picking up a razor until my late