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France’s central bank head has warned that the recent turmoil in the UK’s bond markets illustrates the “vicious loop” governments face if they undermine efforts by rate-setters to curb soaring inflation. François Villeroy de Galhau, who sits on the European Central Bank’s rate-setting governing council, said in an interview that the sharp rise in the

UK bosses were left stunned on Monday when chancellor Jeremy Hunt ripped up almost all of a series of promised “pro-business” tax changes, although he stuck by plans to lift a cap on banker bonuses. Hunt axed proposals around cutting dividends tax, repealing off-payroll working rules, a new VAT-free shopping scheme and a freeze on

Ulf Kristersson will be named Sweden’s new prime minister on Tuesday as the mainstream rightwing politician becomes the first in the country’s modern history to take power thanks to the support of a far-right party. Kristersson won the vote in Sweden’s parliament 176-173 with the backing of the three centre-right parties that will be in

After the disruption of the past few years, it was no doubt a sensible move to plan a cautious opera season. The novelties at the Royal Opera are spaced out to allow multiple performances of old favourites, not least a run of 17 performances of Puccini’s La bohème. There are three casts. The selling point

Joe Biden is one of the few world leaders who will vividly remember the Cuban missile crisis. He was a student, almost 20 years old, when the US and the Soviet Union came to the brink of nuclear war. Now, as US president, Biden has half-mused, half-warned that the world is currently closer to nuclear

Japan’s prime minister Fumio Kishida is seizing on an expected surge in spending by international tourists following the lifting of Covid-19 travel curb as an opportunity to emphasise the upsides of a sinking yen. Economists have estimated annual foreign tourist spending could exceed the government’s annual target of ¥5tn ($35bn), a level that would help

The world’s energy infrastructure is at “significant” risk from climate change, as extreme weather events threaten dams, thermal power plants and nuclear stations, the World Meteorological Organization said this week. In its latest report, the WMO said existing energy infrastructure was already “under stress” and climate change was likely to directly affect fuel supply, energy

Whoever hired Henry Mance to play himself in the TV show Industry and then provided him with a script missed a trick (“My bit part in the golden age of TV”, Opinion, Life & Arts, October 1). When I was hired to play myself conducting interviews for an Afternoon Play on BBC Radio 4 many

All the answers here are linked in some way. Once you’ve spotted the link, any you didn’t know the first time around should become easier. What kind of animal is the world’s smallest mammal (by mass)? What is the oldest continually occupied castle in the world? Which Stephen King novel has the shortest title? Which

In recent years, the Art Basel fairs have been edging towards more openness to young galleries. Not only have they relaxed some of the more stringent criteria for scoring a coveted place in their grand fairs, they are even offering various kinds of subsidy and financial help towards the high costs (and considerable risks) facing

The UK prime minister’s U-turn on corporate tax is likely to leave a black hole of several tens of billions of pounds in the public finances, economists warn. Liz Truss said on Friday that she will revert to an increase in the corporate levy to 25 per cent, as announced by Rishi Sunak and the

Despite the deepening economic and political uncertainty, London’s Frieze art fairs opened to much enthusiasm this week. Visitors to the temporary tents in Regent’s Park included the American actor Jared Leto, tennis legend Maria Sharapova and Rishi Sunak, the MP who lost out to Liz Truss in the latest competition to become the UK’s prime

Kwasi Kwarteng has quashed calls to impose a new “tax” on Britain’s banks that might have raised billions of pounds, following strong opposition from the sector and warnings that the costs would be passed on to consumers. The UK chancellor was urged by influential economists to raid what one banker called the “ultimate cash behind

GlaxoSmithKline said its potential new blockbuster shot for respiratory syncytial virus appears to be more effective than rival Pfizer’s vaccine candidate, as the pair compete for a new market protecting older adults against the common lung infection. In data released on Thursday, GSK said its vaccine showed overall efficacy of 82.6 per cent in a

Shortly after Russian missiles rained down on Kyiv and other Ukrainian cities on Monday, Oleksandr Kamyshin, head of the state-owned Ukrainian Railways, posted a solemn tweet. “As of 21.00 we have 42 trains delaying [sic],” he observed after a missile landed next to Kyiv’s main station. Kamyshin went on to explain that 14 trains were

The title, Rebel Rebel, is David Bowie’s. The soundtrack mixes 1970s pop, film scores and folk ballads. The vibe is dizzying funhouse — a mirrored disco-ball setting opens with a tessellated glass monolith inspired by Stanley Kubrick’s 2001: A Space Odyssey, casting strange lights and shadows as you move around it. But the paintings with which Soheila Sokhanvari

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. Kwasi Kwarteng is aiming to cut the foreign aid budget as part of his efforts to demonstrate that he can make his “mini” Budget balance. The political difficulties

Good morning and welcome to Europe Express. One development that may have gone unnoticed earlier this week in the maelstrom created by Russia’s renewed rocket offensive in Ukraine is the realisation, at the top EU level, that the bloc is quickly burning through cash — in part because of the fallout of the war and

This article is part of a guide to New York from FT Globetrotter The artist: Marsden Hartley (1877-1943) Hartley was one of the best early American modernist painters. He travelled to Europe in 1912, where, in Paris, he got to know Matisse and Picasso through Gertrude and Leo Stein. He then moved to Germany, where

Your browser does not support playing this file but you can still download the MP3 file to play locally. Fans of business and work podcasts won’t need any introduction to Steven Bartlett (Diary of a CEO), Bruce Daisley (Eat, Sleep, Work, Repeat), Jenna Kutcher (The Goal Digger Podcast) and Emma Gannon (Ctrl Alt Delete). All