News

The writer is chief executive of Schroders Bitcoin’s price collapse will raise satisfied smiles from sceptics. They can congratulate themselves for being right on the valuations, at least for now. They are right that over-exuberance is a danger — history has made that point several times. But the birth and growth in popularity of cryptocurrencies

Though coal has a uniform colour, it has varying qualities for different uses. This year the world has focused on the surging demand for thermal coal used to generate electricity as Russia’s energy squeeze on Europe made prices soar. At the same time the price of that used in steelmaking, known as metallurgical or coking

The EU’s chief diplomat said he hoped there would be a deal this week to allow Ukrainian grain to be exported from Black Sea ports, amid fresh efforts to avert a global food crisis in the wake of Russia’s invasion of the country. “I have a hope that this week it will be possible to

Hundreds of defence and aerospace executives will this week descend on an airfield in southern England along with ministers, generals, air marshals and hangers-on, to attend the industry’s version of the Glastonbury music festival. This year, they will meet with a renewed sense of purpose. Until it was interrupted by the Covid-19 pandemic, the Farnborough

This is an audio transcript of the FT News Briefing podcast episode: Sri Lanka picks a new leader Marc FilippinoGood morning from the Financial Times. Today is Monday, July 18th, and this is your FT News Briefing. [MUSIC PLAYING] Sri Lanka’s lawmakers start to rebuild their government this week. Financial technology companies were so hot,

Rolls-Royce plans to test whether hydrogen can safely power a small aircraft in ground trials using two of its engines as the UK engineering group steps up research into cutting-edge technologies. The first trial will be carried out in the UK this year using one of its AE 2100 turboprop engines that powers civil and

Autcraft, a Minecraft server for autistic children, was about to celebrate its ninth anniversary when the troll attacked. They sent explicit photos and abusive messages to the autistic children on Autcraft’s social network, wreaking so much havoc that founder Stuart Duncan was forced to shut down the site. Nearly a decade of community history was

One thing to start: Last week the Scoreboard team participated in a virtual event to discuss how long the boom in sports investing will last. Subscribers can watch a replay here exclusively here. Is women’s football the next big investment opportunity? That’s been on my mind ever since England’s Lionesses scored eight times against Norway,

Worried about a three-hour drive home after working a 14-hour day for BT Sport at the Women’s Super League in 2020, a camera operator asked if he could book accommodation for the night. “They said tough luck,” explained the freelance worker, who asked not to be named. Five years away from retirement, he stopped taking

I’ll be spending a week in Tuscany – split between the hilltop towns, vineyards and beaches of the Maremma and Val d’Orcia – with my husband and three tiny children. There will be pool time, walks through the countryside, bike rides along the coast… and lots of pasta. Sadly, most of my suitcase will be

Italy was plunged into political turmoil on Thursday when prime minister Mario Draghi offered to resign after a split in his national unity government. The former European Central Bank president said conditions were no longer in place for him to carry on after the populist Five Star Movement refused to support his government in a

May I dissent from your argument that the “Supreme Court has weakened legal predictability in the US”? (FT View, July 12). I suggest the opposite is true. This term’s decisions show the Supreme Court’s fealty to the plain language of the constitution, a resurrection of the separation of powers between the legislative and executive branches

In 2016, an Italian oilfield engineer called Saipem tried to raise €3.5bn from shareholders, failed, and left its underwriting banks holding a stick of about €400mn. No lessons were learned. Saipem this week tried to raise another €2bn from shareholders, failed, and left its underwriting banks holding a stick of about €400mn. The shares have

The pandemic gave rise to an explosion in beauty apps, and now, acclaimed beauty therapists are going mobile. If you are summering on a Balearic beach or in a breezy Hamptons home, you can now summon a Lanserhof practitioner for a medical-grade facial, or Cindy Crawford’s make-up artist to give you a sultry smokey eye.  “Our

Record fuel prices are hitting oil demand in developed countries harder than anticipated, the International Energy Agency warned on Wednesday, in the latest sign of inflationary pressures forcing consumers to cut back. Paris-based IEA, which is primarily funded by OECD members, said that growth in oil demand was slowing as the global economy faltered, but cautioned

You can enable subtitles (captions) in the video player Water is life. But as the world warms up it’s also increasingly becoming a commodity. For example, the NASDAQ Veles California Water Index Futures was launched in 2020, allowing investors, farmers, and municipalities to bet on the forward cost of water in California and hedge against

Rishi Sunak, the UK’s former chancellor, has officially launched his campaign to become the next prime minister in a bid to outpace his rivals, with cabinet endorsements by deputy prime minister Dominic Raab and transport secretary Grant Shapps. Sunak is the frontrunner in the battle to become Tory party leader, with more publicly declared support

The dollar surged and government bonds rallied on Monday, while stock markets tumbled, as traders considered the prospect of further aggressive interest rate rises in the US and intensifying recession risk in Europe. The dollar index, which tracks the US currency against six others and has a large euro weighting, rose 0.9 per cent to

Private equity tycoons are not patient people. They are often happy to pay more for convenience. When leveraged buyout firms assemble an acquisition or investment they request that their limited partners wire the required portion of capital pledged. That process can be time-consuming. Enter opportunistic banks. Lenders are increasingly offering so-called capital call or subscription

Just as founding father Alexander Hamilton did then, Americans today should look uneasily at division and disunion (“A divided America can still lead the west”, Opinion, July 5). Economic prowess is not enough to ensure stability and co-operation with other states. Athens, Carthage and Rome, the latter being referenced in Janan Ganesh’s article, were ruined