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G7 member states have pushed back on the viability of a central part of Japan’s climate strategy, according to an environment ministers’ draft communiqué seen by the Financial Times, in a challenge to Tokyo’s efforts to shape Asia’s transition to cleaner energy. The scrutiny of Japan’s climate plans comes ahead of a meeting of G7

Greetings from a hot and sunny Washington where it is Day Three of the IMF/World Bank spring meetings – and climate finance has leapt to the top of the agenda. As Bo Li, deputy managing director of the IMF told a panel yesterday: “In every aspect of our surveillance and analysis we [at the IMF]

US president Joe Biden said he would use his trip to Northern Ireland to help “keep the peace” and leverage the benefits of a post-Brexit trade deal as the region marks the 25th anniversary of the agreement that ended three decades of conflict. Ahead of his departure to Belfast on Tuesday, the president talked about

BP has acquired a 40 per cent stake in the UK’s Viking CCS project from Harbour Energy as the government looks to accelerate plans to develop carbon capture and storage. The Viking project aims to meet up to a third of the UK’s annual target of capturing 30mn tonnes of carbon dioxide by 2030, by

In February 1637, at the peak of tulip mania, a single bulb of the red-and-white-striped Semper Augustus was valued at 10,000 guilders. It was the equivalent of more than 30 years’ wages for the average Amsterdam bricklayer. Almost three centuries later, it was discovered that the “breaking” colours that so beguiled the Dutch (where two hues

The Conservative party has dismissed comments made by Douglas Ross, its leader in Scotland, which suggested Tory supporters should vote tactically to remove the Scottish National party in the next general election. Ross, MP for Moray, said that while he would always “encourage Scottish Conservative voters to vote Scottish Conservative”, where possible voters should support

A federal judge in Texas has ordered the US Food and Drug Administration to withdraw its approval of a popular abortion pill in a move that, if upheld, would amount to a nationwide restriction on the drug. District judge Matthew Kacsmaryk ordered a preliminary injunction of the drug mifepristone, one of two drugs used to

Once a year, Milan is taken over by installations of furniture, lighting and interiors — spreading from its palazzi and gardens to its showrooms and even churches. Milan Design Week (taking place April 17-23) evolved from the annual furniture fair established in 1961, Salone del Mobile. That trade-focused event continues, April 18-23, at its home

BUY: Tracsis (TRCS) Recent industrial actions will encourage railway companies to invest more in software, writes Arthur Sants. Tracsis sells transport software. Around half its revenue comes from railway software, which does everything from monitoring the trains to improving the customer experience. The other half of the revenue comes from events, data analytics and consultancy,

The US is pushing back against efforts by some European allies to offer Ukraine a “road map” to Nato membership at the alliance’s July summit, exposing divides in the west over Kyiv’s postwar status. The US, Germany and Hungary are resisting efforts from countries such as Poland and the Baltic states to offer Kyiv deeper

The lodestars of the Latin American left used to be clear: the Cuban revolution, the beret-clad guerrilla leader Che Guevara, the state as engine of industrial development and bastion of anti-imperialism. The map of the region has once again turned pink but the ideological sky is murkier. Progressive presidents govern Latin America’s six biggest economies

It was the first shareholder meeting in four years, and the last of 167. Three police vans stood outside the entrance to the Hallenstadion on the outskirts of Zurich, as a crowd of mostly older white faces shuffled into Credit Suisse’s annual meeting. Two protesters — a mother and daughter — stood silently holding a

The Saudi wealth fund-owned Savvy Games Group acquired US-based games developer Scopely for $4.9bn in the kingdom’s latest gaming investment. The acquisition announced on Wednesday is still subject to regulatory approval. Savvy, which is owned by the sovereign Public Investment Fund and chaired by Crown Prince Mohammed bin Salman, has a war chest of more

This article is part of a new guide to Copenhagen from FT Globetrotter Long before new Nordic cuisine made Copenhagen a must-visit for international foodies, there was smørrebrød. Known in English as open-faced sandwiches, smørrebrød are a true Danish institution, found everywhere from children’s lunch boxes to motorway service stations. In Copenhagen, they are also

Regarding Edward Luce’s column “Biden’s awkward democracy summit” (Opinion, March 30), democracy is thriving in India and possibly in rude health, if measured by voter turnout. Talking about “democratic recession”, in the 2019 general election India had its highest voter turnout at 67 per cent, a huge improvement over 46 per cent seen in its

After travelling thousands of miles across swamp and jungle, Juan and his family had finally made it to the US-Mexico border when armed men kidnapped them. They were taken with dozens of other migrants to a house in Ciudad Juárez, he said, where one managed to secretly call 911. When the authorities arrived to rescue

Revlon will exit bankruptcy at the end of April after a federal judge on Monday approved its plan to shed $2bn in debt and end nearly 40 years of control by billionaire investor Ron Perelman. The US cosmetic group’s lenders will take control of Revlon’s new equity. Shareholders, including Perelman, who acquired the company via

It’s OK to be boring, especially when your job is to protect people’s money. Bragging that you have the “coolest banking job in the entire world” (Top Line, FT Weekend, March 18) as Greg Becker, boss of the now collapsed Silicon Valley Bank, did should be taken as a red flag. “Cool” and fiduciary duty

The chief executive of Allied Universal has put the company’s multibillion-dollar public listing on hold as the world’s largest private security group tackles hiring problems and rides out the turmoil in markets. “The last 10 to 12 months have been really choppy waters for public markets, so we’re very comfortable just continuing to remain private,”

The writer is a barrister and the author of ‘The Digital Republic: On Freedom and Democracy in the 21st Century’ The public debate around artificial intelligence sometimes seems to be playing out in two alternate realities. In one, AI is regarded as a remarkable but potentially dangerous step forward in human affairs, necessitating new and