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In a brutal year for technology investors, Twitter has made for an unusual bright spot. On Tuesday, the mercurial Elon Musk delivered his latest surprise. He sent a letter to the social media company declaring his newfound interest in closing a transaction to buy the company at the contractually agreed-upon price of $54.20 per share.

Prime minister Liz Truss has told the party faithful that she will lead Britain through “stormy days” during the economic “tempest” caused by the Covid-19 crisis and Russia’s invasion of Ukraine. The prime minister, in power for a month, sought to rally Conservative MPs behind her faltering leadership, at a party conference that has descended

Your browser does not support playing this file but you can still download the MP3 file to play locally. The UK government reversed course on a tax cut, Brazil’s president Jair Bolsonaro defied expectations in the first round of election voting, and Credit Suisse is trying to reassure investors that rumours about its financial health

Credit Suisse has spent the past few days battling social media rumours about the strength of its balance sheet and trying to convince investors and clients that its plummeting share price and spiking credit default swaps are not telling the true story of the bank’s health. At the centre of the storm is a simple

PwC is seeking to poach staff from its Big Four rival EY and capitalise on “disruption” and “uncertainty” caused by the latter’s decision to split its accounting and consultancy arms. Bob Moritz, PwC’s global chair, told the Financial Times he was expecting to lure senior managers and even some partners as the firm pursues a

Liz Truss has pledged to reverse the decision to dramatically scale back the government’s flagship rail scheme in the north of England. The prime minister said on Monday she would commit to a new high-speed line spanning the entire width of northern England between Liverpool and Hull. This would include a stop in Bradford, a

While Facebook and Microsoft believe future interactions, and transactions, will take place in the metaverse — an entirely digital world where people exist as avatars in virtual reality (VR) — Niantic founder John Hanke has been pursuing a “real-world metaverse”, using augmented reality (AR) to encourage people to explore their actual surroundings. Spun out of

You can enable subtitles (captions) in the video player So, Tim, we’re on the road again, back in Devon again, this time to see Riverford, the organic veg box company. Actually, I’ve been to see them a couple times before, at various times in their history. And I’m always excited to see where they’re going

The heirs of a late sultan have launched legal proceedings to seize as many as a dozen Netherlands businesses of Malaysian state oil company Petronas in a move set to further infuriate Kuala Lumpur after similar actions in Luxembourg in July. Representatives of the heirs of the last sultan of Sulu said on Thursday they

In William MacAskill’s Lunch with the FT (Life & Arts, September 10) he comments that the benefits of curing cancer “are smaller than one might think” and only achieve a net increase of two years in global life expectancy. In the US, spending on cancer healthcare was $161.2bn in 2017. In addition, there was $30.3bn

Treacle Walker, shortlisted for the 2022 Booker Prize, is superficially notable for two things. It contains the fewest number of words of any of this year’s shortlisted titles, and its author, Alan Garner, is the oldest ever to be nominated — his 88th birthday falls on the same day the Booker winner is announced. Garner

The strength of the US dollar is putting new pressure on airlines’ fragile balance sheets, driving up the cost of everything from the fuel used to power their planes to the aircraft themselves. A wave of dollar strength has sent currencies from the pound to the yen tumbling this year, and the US dollar index,

Maybe it was when a Russian officer, lacking an encrypted line, inadvertently blurted out to the world that the country’s highest ranking uniformed officer had been killed that Russia’s mastery of cyber warfare first came into question. That was in the first week of March. Russian cyber attacks on Ukraine and its allies since then

The tut-tutting from EU policymakers can almost be heard from across the English Channel. Current and former officials in continental Europe are barely even trying to conceal their Schadenfreude over the market turmoil that has greeted the UK government’s plan to fund £45bn of tax cuts mostly for high-earners by increasing debt. The French, German

Given the drama surrounding sterling, one might be forgiven for thinking that this was an isolated issue. But although the UK has demonstrated an odd willingness to punch itself in the face in recent years, the pound is far from the only currency wilting against the dollar. Earlier today, the Chinese renminbi touched the 7.25

One scoop to start: Jens Welter, one of Credit Suisse’s most senior remaining dealmakers, has quit to join Citigroup less than nine months after being named co-head of global banking, prompting a reshuffling at the Swiss lender. Keep reading for details. Plus, one invite to start: We’re weeks away from our annual summit — Due

A steady hand on the wheel is a given for Saga’s cruise ships. But its car insurance business shows signs of veering off-course. The over-50s market specialist slashed its profit guidance by two-fifths as a result of the rising cost of motoring claims on Tuesday. Shares lost up to a quarter in response. That left

In his first address to investors in May, new Burberry chief executive Jonathan Akeroyd said he wanted to return to highlighting Burberry’s Britishness. It was a departure from the strategy laid down five years ago by his predecessor Marco Gobbetti and chief creative officer Riccardo Tisci, who wanted to position Burberry as a more international

Update: We’ve hit capacity for the venue, but if you would like to be added to a waiting list in case of drop-outs, please contact us via the details below. It’s back. After a pandemic-induced hiatus, the FT Alphaville pub quiz is making a triumphant return to London. We’ve booked a function room battle arena

Steven Kelly is a senior research associate at the Yale School of Management’s Program on Financial Stability. It’s always fun when Jamie Dimon is trending. He’s one of few people in business who effectively have tenure. Remember when he said JPMorgan would outlive the Chinese Communist party? It was top-notch entertainment from the person who