Sign In
Subscribe
Open side navigation menu
Open search bar
Financial Times
Subscribe
Sign In
myFT
Search the
FT
Search
Close search bar
Home
World
Sections
World Home
Middle East war
Global Economy
UK
US
China
Africa
Asia Pacific
Emerging Markets
Europe
War in Ukraine
Americas
Middle East & North Africa
Most Read
Trump asked Zelenskyy if Ukraine could hit Moscow, say people briefed on call
UK set up secret Afghan immigration scheme after data leak and gagged media
Trump’s Maga base split over handling of Jeffrey Epstein files
Trump is flunking his Epstein test
Catastrophe bond sales hit record as insurers offload climate risks
UK
Sections
UK Home
UK Economy
UK Politics
UK Companies
Personal Finance
Most Read
UK set up secret Afghan immigration scheme after data leak and gagged media
Why a clean sweep on tax reform is the easiest option
Reeves to reform UK bank ringfence rules in financial services overhaul
Pity the policymakers in the AI jobs tsunami
FTSE 100 hits 9,000 points for first time
Companies
Sections
Companies Home
Energy
Financials
Health
Industrials
Media
Professional Services
Retail & Consumer
Tech Sector
Telecoms
Transport
Most Read
Catastrophe bond sales hit record as insurers offload climate risks
How BYD caught up with Tesla in the global EV race
Reeves to reform UK bank ringfence rules in financial services overhaul
LVMH’s Loro Piana placed under court administration over alleged worker exploitation
‘Murky’ Air India crash report deepens uncertainty for owner Tata
Tech
Sections
Tech Home
Artificial intelligence
Semiconductors
Cyber Security
Social Media
Most Read
How BYD caught up with Tesla in the global EV race
Nvidia shares climb as White House relaxes export rules on China chip
China’s ecommerce giants battle for instant delivery crown
Meta trial becomes test of board culpability over corporate scandals
Post Office scandal clouds Fujitsu’s AI rally
Markets
Sections
Markets Home
Alphaville
Markets Data
Crypto
Capital Markets
Commodities
Currencies
Equities
Monetary Policy Radar
Wealth Management
Moral Money
ETF Hub
Fund Management
Trading
Most Read
Catastrophe bond sales hit record as insurers offload climate risks
Reeves to reform UK bank ringfence rules in financial services overhaul
FTSE 100 hits 9,000 points for first time
The small mining company that won backing from the Pentagon — and Apple
BDO’s audit work strongly criticised by UK regulator
Climate
Opinion
Sections
Opinion Home
Columnists
The FT View
The Big Read
Lex
Obituaries
Letters
Most Read
Trump is flunking his Epstein test
Why a clean sweep on tax reform is the easiest option
Pity the policymakers in the AI jobs tsunami
How magical thinking came for net zero critics
The markets are signalling a clear winner in the Middle East
Lex
Work & Careers
Sections
Work & Careers Home
Business School Rankings
Business Education
Europe's Start-Up Hubs
Entrepreneurship
Recruitment
Business Books
Business Travel
Working It
Most Read
Starbucks to require corporate staff work from office four days a week
Reader callout: Have you signed a prenuptial agreement — or do you wish you had?
London’s best restaurant wine lists: an insider’s top five
New York City is still the best place to buy women’s shoes
Life & Arts
Sections
Life & Arts Home
Arts
Books
Food & Drink
FT Magazine
House & Home
Style
Puzzles
Travel
FT Globetrotter
Most Read
Move over, matcha: a hojicha latte is summer’s buzziest order
What could Zohran Mamdani mean for NYC’s prime property market?
Can you really get a great suit for under £1k?
The Mesopotamian Riddle — the race to crack ancient languages
Hot property: five homes in Perugia province, Umbria
HTSI
Menu
Search
Home
World
UK
Companies
Tech
Markets
Climate
Opinion
Lex
Work & Careers
Life & Arts
HTSI
Financial Times
Subscribe
Sign In
Search the
FT
Search
Close search bar
Looks like you can no longer use this link
Too many other people have used it to read this article before you.
To read the full story
Subscribe to the FT
Sign in
Check if your organisation subscribes to the FT
Feedback