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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The amount US financial institutions have loaned to shadow banks such as fintechs and private credit groups has passed $1tn, as regulators warn that growing ties between traditional and alternative lenders could present systemic risks.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Democrats sought to rally around Joe Biden on Friday after they were left reeling by a special counsel’s report that cast the US president as a “well-meaning, elderly man with a poor memory”. As the

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer has insisted the British public would “appreciate” him being “straight” about Labour’s plans for the economy after he slashed the party’s long-standing £28bn annual green spending commitment. Starmer on Friday said Labour

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has attacked Sir Keir Starmer’s decision to water down his flagship green investment programme, saying the move shows the Labour leader lacks a consistent plan. The Conservative prime minister said Starmer had a

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chip designer Arm beat Wall Street estimates for revenue and boosted its full-year forecast on Wednesday, sending the shares up about 20 per cent in after-hours trading. The company’s revenue of $824mn was up

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli Prime Minister Benjamin Netanyahu has rejected as “delusional” Hamas’s conditions for a deal to release the hostages it holds in Gaza, warning that accepting the terms would lead to “another massacre”. In a press

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Uber is courting one of its oldest foes, the London black-cab driver, as it looks to add a new taxi option to its fleet in the UK capital next year. San Francisco-based Uber has begun

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A 737 Max jet left a Boeing factory missing four bolts designed to secure a door panel that blew off in mid-flight last month, according to a preliminary report by a US regulator. The National

Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. A Bank of England rate setter has warned that the central bank may be “underplaying the downside risks” for the UK economy as she called for immediate interest rate cuts because of weak consumer

Stay informed with free updates Simply sign up to the Accountancy myFT Digest — delivered directly to your inbox. The US accounting firm Baker Tilly has agreed to sell a majority stake to the investment groups Hellman & Friedman and Valeas, marking the largest private equity deal to date in the sector. The sale gives

Stay informed with free updates Simply sign up to the Global inflation myFT Digest — delivered directly to your inbox. A rapid fall in US inflation has opened the way for interest rate cuts within months, the OECD said, but it warned that Britain would suffer from the G7’s fastest price growth. The OECD’s interim

Iran used two of the UK’s biggest banks to covertly move money around the world as part of a vast sanctions-evasion scheme backed by Tehran’s intelligence services. Lloyds and Santander UK provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company based near Buckingham Palace, according to documents seen by the

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As Iran’s best-known moderate Hassan Rouhani was being blocked from the powerful body with responsibility to appoint the country’s supreme leader, his hardline successor as president, Ebrahim Raisi, was handed a clear run at the

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US forces have carried out a second phase of air strikes in response to the deaths of three American troops in Jordan last weekend, this time hitting targets in Yemen where Iranian-backed Houthi rebels have

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US authorities have indicted nine individuals in connection with alleged schemes to smuggle Iranian oil, marking Washington’s latest salvo against Tehran as military tensions escalate between the two countries. The US Department of Justice on

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US carried out strikes in Iraq and Syria on Friday, hitting targets that included elements of Iran’s Islamic Revolutionary Guard Corps, in retaliation for a drone attack killed three American troops based in Jordan.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple’s revenue returned to growth during the holiday period, beating analysts’ expectations with a boost from its services division and solid iPhone sales, but ongoing concerns about declining sales in China made investors wary. Apple’s

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Meta, the parent of Facebook and Instagram, has announced its first ever dividend and an additional $50bn in share buybacks as bumper fourth-quarter results sent its shares up by more than 12 per cent in

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The EU has agreed a deal on a €50bn financial support package for Ukraine after Hungarian Prime Minister Viktor Orbán rescinded his veto on the aid. The compromise on the aid, which Kyiv says

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US Federal Reserve held interest rates at a 23-year high on Wednesday, but gave little immediate indication of when it would begin cutting borrowing costs this year. The Federal Open Market Committee’s decision to