Calls to the UK financial watchdog related to investment scams have nearly tripled over the past five years, as fraudsters use inflationary pressures to better target victims. The data reflects the wider growth of so-called authorised push payment fraud, in which consumers are tricked into sending money to scammers who pose as trusted figures. “Scammers
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Good morning. It was a busy weekend in Munich as the world’s defence and security community digested almost a year of horrendous war in Ukraine, an increasingly tense US-China relationship and three ballistic missile tests by North Korea. What a time to be alive. Plus, Poland’s president Andrzej Duda used an interview with the FT’s
Friday marks the first anniversary of Russia’s full-scale invasion of Ukraine, an event that shocked the world by bringing large-scale conflict to European soil. US president Joe Biden’s visit to Poland at the start of the week will serve as a show of strength to Ukrainian and Nato allies in the face of Russia’s long-expected
The writer is a historian at the University of Oxford and author of ‘Royals and Rebels: The Rise and Fall of the Sikh Empire’ The Koh-i-Noor diamond appears to be taking early retirement. The notorious gem sits in Queen Mary’s Crown, which has been on display at the Tower of London since 2002. After Queen
The writer is a former head of responsible investment at HSBC Asset Management and previous editor of Lex What a time to be a business columnist — and thank goodness I’m not one. Having to ponder what chatbots mean for companies the world over is some ask. Bill Gates calls “generative AI” as important as
The vocal that launches Caroline Polachek’s latest album sounds somewhere between a siren’s call and a primal scream. It’s alluring, eerie and tricky to pin down — a description that could be applied across Polachek’s prolific catalogue. Her credits as singer-songwriter present a giddy whirl, from her emergence in Brooklyn indie outfit Chairlift to numerous
Jola Ayeye’s popular I Said What I Said podcast is a regular delve into life as a young woman in Nigeria, enlivened by boisterous discussions with her co-host and guests about pop culture, celebrity, love and friendship. But she has recently added another topic to the conversation: the need for her generation to get out
Management consultants are hopeful that tighter government spending this year will spark more work, as departments and local authorities seek help with cost-cutting and restructuring. The government spends around £300bn a year on public procurement — buying in goods, services and work — which is roughly one in every three pounds of public money. And
Portugal has become the second EU country this week to scrap “golden visas” for wealthy non-Europeans, joining Ireland in abolishing a programme that helped pull in foreign investment but sparked controversy. António Costa, Portugal’s prime minister, on Thursday said his government would stop issuing new golden visas in order to “fight against price speculation in
There is nothing quite like widening the goalmouth after the striker has missed it by a mile. That is what UK fast-fashion group Boohoo plans to do. When John Lyttle became chief executive in 2019, he could have earned up to £50mn from a five-year incentive plan by boosting the stock price. Instead, the market
Your browser does not support playing this file but you can still download the MP3 file to play locally. World Bank president David Malpass will step down from his post at the end of June, US authorities have begun the year looking to further crack down on crypto companies, and Nicola Sturgeon announced her resignation
Allen & Overy is introducing an artificial intelligence chatbot to help its lawyers draft contracts, as the magic circle legal firm seeks to adopt the much-hyped technology to find efficiencies for its lawyers and clients. The London-based group told the Financial Times it had rolled out a chatbot named Harvey after testing it since November
Western intelligence shows Russia is amassing aircraft close to the border with Ukraine, an indication that Moscow is preparing to throw its jets and helicopters into the war to support a stuttering land offensive. The fear of a looming air war in Ukraine has prompted allies to prioritise rapid shipments of air defence assets and
It’s not easy to get changed outside for a swim in a Scottish loch. Especially when it’s January, the air temperature is hovering around -1C and you are trying to preserve some shred of modesty among the strangers who surround you. This bare-cheeked frozen misery marked the start of one of the best weekends of
Russia’s invasion of Ukraine has made an unlikely celebrity of Professor John Mearsheimer. His 2015 lecture — “Why is Ukraine the West’s fault? — has now racked up 28mn views on YouTube. In that lecture, and in later articles and talks, the University of Chicago academic argued that the west had provoked a war in
Pub and bar bankruptcies across the UK were near the highest level in a decade with more than 500 businesses folding last year, according to an analysis of official figures, as hospitality venues struggled with rising costs and tepid demand. Some 512 companies went out of business in 2022, up 56 per cent from the
This week’s earthquakes in Syria and Turkey are the deadliest in either country since 1939, according to the Centre for Research on the Epidemiology of Disasters. The latest estimates suggest that at least 25,000 people were killed in the disaster and the number is still rising. Improvements in early detection, infrastructure and emergency response systems
It used to be Sweden. People loved Sweden. Here was a land of superb public services and big-hearted welfare. Here was a culture without Anglo-American neuroses about sex. Name a statistic — female labour force participation — and Sweden scored well. Abroad, it wasn’t warlike. It dealt in things like diplomacy and soft power instead,
Today’s top stories Governments and international organisations are stepping up financial support for Turkey and Syria as the death toll from this week’s earthquake surpassed 22,000 people, with millions expected to be displaced. Japan is expected to appoint Kazuo Ueda, a respected monetary policy expert, as its new central bank chief, ending speculation among global
European scientists are in the final stages of preparation for one of the most ambitious space projects ever undertaken, launching a 12-year mission to the outer solar system to investigate whether three of Jupiter’s moons might support life. The European Space Agency’s €1.6bn Juice spacecraft will launch in April carrying 10 scientific instruments that will
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