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 claims to have received call from Xi and to have cut ‘200 deals’ on trade
Apple aims to source all US iPhones from India in pivot away from China
US judge arrested in escalation of immigration crackdown
Brussels rebuffs UK bid to prise open access to EU single market
Child abuse scandal engulfs French prime minister
UK
Sections
UK Home
UK Economy
UK Politics
UK Companies
Personal Finance
Most Read
Brussels rebuffs UK bid to prise open access to EU single market
UK must pay to join EU defence fund, says Brussels
We’re not spending cash, so why are we hoarding it?
Top Goldman Sachs banker quits UK after non-dom change
UK warns British lawyers about possible US sanctions over advice to ICC
Companies
Sections
Companies Home
Energy
Financials
Health
Industrials
Media
Professional Services
Retail & Consumer
Tech Sector
Telecoms
Transport
Most Read
Apple aims to source all US iPhones from India in pivot away from China
Playing ‘whack-a-mole’ with Meta over my fraudulent avatars
Spotify to raise subscription prices outside the US
How the Treasury market got hooked on hedge fund leverage
PwC partners ordered to cut ties with brokerage after internal investigation
Tech
Sections
Tech Home
Artificial intelligence
Semiconductors
Cyber Security
Social Media
Most Read
Apple aims to source all US iPhones from India in pivot away from China
Playing ‘whack-a-mole’ with Meta over my fraudulent avatars
Deliveroo opens door to £2.7bn meal deal with DoorDash
Baidu founder highlights ‘shrinking’ demand for DeepSeek’s text-based AI
Alphabet shares rise as Google search boosts profits
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
Milei taunts economists as Argentina’s peso defies predictions of sharp fall
How the Treasury market got hooked on hedge fund leverage
We’re not spending cash, so why are we hoarding it?
ESG fund outflows hit record as sustainable investing backlash grows
Trump’s chaos has left investors with frayed nerves
Climate
Opinion
Sections
Opinion Home
Columnists
The FT View
The Big Read
Lex
Obituaries
Letters
Most Read
Playing ‘whack-a-mole’ with Meta over my fraudulent avatars
We’re not spending cash, so why are we hoarding it?
The memoirs of a ‘Forrest Gump’ of banking shine light on an era
Trump discovers the US is no longer indispensable
Seven truths about trade
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
Deliveroo opens door to £2.7bn meal deal with DoorDash
Citi to close Málaga office that promised bankers better work-life balance
Direct Line investors urged to reject bonus awards ahead of Aviva takeover
UK executive pay increases surpass US competitors
Mexico’s fintech stars start to shine at last
Life & Arts
Sections
Life & Arts Home
Arts
Books
Food & Drink
FT Magazine
House & Home
Style
Puzzles
Travel
FT Globetrotter
Most Read
Spotify to raise subscription prices outside the US
Seven truths about trade
Ex-NHS boss Amanda Pritchard: ‘You can’t change your mind every five minutes’
The Settlers — Louis Theroux returns to the West Bank in potent BBC documentary
Inside Interpol’s innovation lab
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