News

Hello and welcome to the working week. Firstly, thank you Rafe Uddin for shepherding this newsletter last week while I took a look ahead to my eldest son’s future with some university open days. Now, back to this week and this year’s theme of important ballots. The biennial event of a nationally significant American election

Lee Zeldin’s surprisingly strong campaign for New York governor has been fuelled by an obsessive focus on crime and lawlessness that has resonated with an anxious public. It has also been sustained by millions of dollars from the billionaire Ronald Lauder. Earlier this year, Zeldin, a Republican congressman and ardent supporter of Donald Trump, was

Serbia is considering a move to retake majority control of NIS, its main oil company, from Russia’s Gazpromneft as it rushes to protect itself from the impact of sanctions on Moscow, said the Balkan country’s president. Belgrade is also preparing a half-dozen other projects to diversify the country’s energy sources, including closer co-operation with Hungary, in

Edward Cutler knows a lot about a very particular sort of international travel. The company he runs, Slaters International Funeral Directors, specialises in repatriating people who have died in the UK. It has a fleet of private ambulances that transfers them from around Britain to be flown out of Heathrow or Gatwick airport. Like the

Precious metal miners Pan American and Agnico Eagle have made a joint $4.8bn bid for Yamana Gold, swooping in after Gold Fields faced an uphill battle convincing investors to back its takeover offer. The two companies offered a shares and cash deal that represents a 15 per cent premium to the all-stock offer made in

This article is the latest part of the FT’s Financial Literacy and Inclusion Campaign How much have you talked to your children about the cost of living crisis? Our instinct as parents is to shield our children from the financial problems of the adult world, but it’s getting harder to do. Even if your family

The crisis engulfing Austria’s government deepened after Thomas Schmid — the official at the centre of a sprawling, multiyear probe into corruption — outraged lawmakers by refusing to answer questions at a parliamentary committee, triggering contempt proceedings against him. Opposition parties united in condemnation of Schmid, a key ally of former chancellor Sebastian Kurz, and

US stocks sank in late trading after Federal Reserve chair Jay Powell warned that the US central bank still had “some ways to go” in its quest to tame soaring prices. Wall Street’s benchmark S&P 500 index ended Wednesday 2.5 per cent lower and the Nasdaq Composite fell 3.4 per cent after a volatile afternoon

Joe Biden said American democracy was facing an “unprecedented” threat from political candidates who refuse to commit to accepting election results, as the US president made an eleventh-hour appeal to voters ahead of next week’s crucial midterm elections. “There are candidates running for every level of office in America: for governor, for Congress, for attorney-general,

This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday. Good morning. Several of you have asked what I make of Matt Hancock appearing on I’m A Celebrity . . . Get Me Out Of Here! As ITV continues to make it next to

Another Big Four accounting firm (EY) has reported that its partners earned an average at or close to £1mn per annum (£800,000 in EY’s case). It would be instructive to compare the average remuneration of the Big Four’s clients’ chief financial officers with the 4,000 to 5,000 UK audit partners’ earnings. Do the Big Four

Climate pledges made by countries worldwide are “dangerously overreliant” on tree planting and land restoration that would require an area greater than the size of the US and risked sparking conflict, a study has concluded. The assessment of the national climate plans submitted by nearly 200 nations to the UN found they would require a

Your browser does not support playing this file but you can still download the MP3 file to play locally. As more people fly, aviation is on track to becoming a much bigger problem for climate change. Host Pilita Clark, FT columnist and climate journalist, looks at the potential for a more sustainable aviation industry, a

The chief executive of British Cycling has stepped down with immediate effect, weeks after the organisation faced backlash from campaigners and members for agreeing a sponsorship deal with oil company Shell. British Cycling, the governing body for the sport in the UK, said on Monday that Brian Facer had left by mutual agreement with the

Greetings from California, where I arrived late last week to take part in the Real Time with Bill Maher television show in Los Angeles. To my delight — and surprise — the HBO show (which featured Yuval Noah Harari, the author of Sapiens, and Quentin Tarantino, the film-maker) included an unplanned debate on climate change.

After the acclaim and awards showered on The White Lotus, Mike White’s bijou hotel-based black comedy-drama, the show returns for a second series, now shifted from Hawaii to a Sicilian coastal resort. It introduces us to a new crop of crazy rich Caucasians, several of whom — as we see in the flash-forward opening scene

Late November heralds one of the highlights in the FT Weekend calendar — our annual Books of the Year series — in which FT writers and critics choose their favourite titles of the past 12 months on subjects ranging from politics, economics, science and history to art, tech, food and the environment. Novels, poetry and

Workers have been staging an exodus this weekend from the world’s largest iPhone factory, amid a coronavirus outbreak at the Foxconn plant in central China. The huge complex in the city of Zhengzhou, which workers say produces Apple’s iPhone 14, is the latest manufacturing centre to be hobbled by President Xi Jinping’s tough zero-Covid policies.

BDO has fired one of its accountants for tampering with files earmarked for inspection by UK regulators in the latest case of an auditor losing their job for retrospectively altering paperwork. The dismissal follows a £14.4mn fine for KPMG this year after auditors at the Big Four firm deliberately misled regulators by changing audit records

Glencore has cut its guidance for zinc, nickel and coal production, as disruption from the war in Ukraine, flooding in Australia and industrial action have reduced its output. The worsening outlook mirrors the rest of the mining industry, which is under pressure from bad weather, higher costs and supply chain challenges. The Switzerland-based resources company,