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
Israel-Hamas war
Global Economy
UK
US
China
Africa
Asia Pacific
Emerging Markets
Europe
War in Ukraine
Americas
Middle East & North Africa
Most Read
Stormy Daniels gives graphic account of encounter with Donald Trump at criminal trial
Judge in Donald Trump classified documents case postpones trial indefinitely
US revokes licences for supply of chips to China’s Huawei
Governments slap taxes on EVs as $110bn fuel duty shortfall looms
Xi Jinping lashes out at Nato over 1999 Belgrade bombing ahead of Serbia visit
UK
Sections
UK Home
UK Economy
UK Politics
UK Companies
Personal Finance
Most Read
Taxpayers set to fund HS2 tunnel under London despite Sunak pledge
Are Labour and the Conservatives adopting ‘Heevesian’ economics?
Garrick Club votes to allow women members for the first time
Holding back the floods for 40 years: Thames Barrier is due an upgrade
P&O Ferries boss took six-figure bonus after sacking of UK-based crew
Companies
Sections
Companies Home
Energy
Financials
Health
Industrials
Media
Professional Services
Retail & Consumer
Tech Sector
Telecoms
Transport
Most Read
Deutsche Bank’s DWS inflated client asset inflows by billions of euros
Silver Lake targets ‘bigger bets’ as it raises its largest fund
‘To what end?’: the murky question of Bill Hwang’s motive in Archegos trial
Disney shares fall 9.5% despite first profit in core streaming business
Toyota seeks to create ‘game changer’ to take on Chinese rivals
Tech
Markets
Sections
Markets Home
Alphaville
Markets Data
Cryptofinance
Capital Markets
Commodities
Currencies
Equities
Wealth Management
Moral Money
ETF Hub
Fund Management
Trading
Most Read
Pandemic-era winners suffer $1.5tn fall in market value
Live news: UK expels Russian defence attaché for spying
News updates from May 7: White House tries revive ceasefire talks; Stormy Daniels gives graphic account of encounter with Donald Trump at criminal trial
Deutsche Bank’s DWS inflated client asset inflows by billions of euros
Traders bet against sterling in belief BoE will cut rates by summer
Climate
Opinion
Sections
Opinion Home
Columnists
The FT View
The Big Read
Lex
Obituaries
Letters
Most Read
Is the corporate DEI panic finally over?
Biden has to find a way to convince Americans on the economy
How missiles became the modern weapon of choice
Rishi Sunak reminds us that sometimes failure is the only option
The long shadows of America’s growing debt
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
Wizz Air CEO: ‘Crisis management became a constant’
Could ketamine be the next fix for workplace depression?
Grab your trainers, the non-doms are getting ready to run
Shameless comebacks show we are in the age of chutzpah
Life & Arts
Sections
Life & Arts Home
Arts
Books
Food & Drink
FT Magazine
House & Home
Style
Travel
FT Globetrotter
Most Read
The Met Gala — too-tight corsets, sustainable fabrics and a spotlight on Galliano
Gadgets to keep your records looking (and sounding) gorgeous
How to spot it – on safari with the world’s first smart binoculars
Best new thrillers — double trouble for Bond fans, Russian finger-pointing and a mafia kidnap plot
How to get the perfect smile (without the smile lines)
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