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
Brussels rebuffs UK bid to prise open access to EU single market
China seizes disputed reef in the South China Sea
World leaders attend Pope’s funeral mass in Rome
Contender to succeed Jay Powell blames Fed for ‘systematic errors’
US judge arrested in escalation of immigration crackdown
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
Reeves and Bessent can see ‘landing zone’ for a UK-US trade deal, say British officials
UK warns British lawyers about possible US sanctions over advice to ICC
Take heart, quiet majority. ‘Headphone dodgers’ can be silenced
We’re not spending cash, so why are we hoarding it?
Companies
Sections
Companies Home
Energy
Financials
Health
Industrials
Media
Professional Services
Retail & Consumer
Tech Sector
Telecoms
Transport
Most Read
Republicans plan to scrap US audit regulator
Spotify to raise subscription prices outside the US
Playing ‘whack-a-mole’ with Meta over my fraudulent avatars
Deliveroo opens door to £2.7bn meal deal with DoorDash
Apple aims to source all US iPhones from India in pivot away from China
Tech
Sections
Tech Home
Artificial intelligence
Semiconductors
Cyber Security
Social Media
Most Read
Playing ‘whack-a-mole’ with Meta over my fraudulent avatars
Deliveroo opens door to £2.7bn meal deal with DoorDash
Apple aims to source all US iPhones from India in pivot away from China
Baidu founder highlights ‘shrinking’ demand for DeepSeek’s text-based AI
China isn’t trying to win the AI race
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
Republicans plan to scrap US audit regulator
Investors bank on Bessent to tame the drunken dragon
We’re not spending cash, so why are we hoarding it?
Milei taunts economists as Argentina’s peso defies predictions of sharp fall
How the Treasury market got hooked on hedge fund leverage
Climate
Opinion
Sections
Opinion Home
Columnists
The FT View
The Big Read
Lex
Obituaries
Letters
Most Read
Where the west still wins
Playing ‘whack-a-mole’ with Meta over my fraudulent avatars
Investors bank on Bessent to tame the drunken dragon
The battle for the Catholic Church’s future will not be over doctrine
‘Fluent Korean cooking with a French twang’ — Jay Rayner reviews Calong
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
Revolut ends stock-only bonuses ahead of potential IPO
Direct Line investors urged to reject bonus awards ahead of Aviva takeover
Mexico’s fintech stars start to shine at last
Take part in our survey: Asia-Pacific’s Best Employers 2026
Life & Arts
Sections
Life & Arts Home
Arts
Books
Food & Drink
FT Magazine
House & Home
Style
Puzzles
Travel
FT Globetrotter
Most Read
Where the west still wins
Spotify to raise subscription prices outside the US
Simon Schama: Trump’s war on knowledge
‘Fluent Korean cooking with a French twang’ — Jay Rayner reviews Calong
Take heart, quiet majority. ‘Headphone dodgers’ can be silenced
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