Capital Group: the slow-moving giant in dangerous waters
Earlier this year, with markets in turmoil, Capital Group, one of the world’s largest money managers, arranged for two guests...
Business
Harbour Energy profits boom as prices soar for consumers
Harbour Energy has become the latest UK energy group to report booming profits on the back of higher prices, while...
Rishi Sunak criticises government handling of Covid response
Conservative leadership contender Rishi Sunak on Thursday issued a scathing criticism of the UK government’s handling of the coronavirus pandemic,...
Jay Powell faces tough crowd in Jackson Hole after inflation errors
As central bankers from around the world descend on Jackson Hole, Wyoming, for the first in-person annual conference since 2019,...
Yen weakness forces unprecedented PlayStation price rise
Sony has raised the price of its PlayStation 5 console in Europe, the UK, Japan, China and other key markets...
Ethiopia’s ceasefire ends as fighting erupts in north
Fighting has erupted in northern Ethiopia, ending a months-long ceasefire and dashing hopes for peace in a conflict that has...
Hip-hop producer DJ Premier: ‘I’ll be 90 and making boom-bap!’
“When I left Houston to go live in New York, my father said: ‘Son, I don’t get this whole hip-hop...
BoE/rates: rising reserve costs may prompt stealth tax on banks
Banks have waited years for higher interest rates to revive their fortunes. But in the UK, where markets predict interest...
FirstFT: Biden’s student debt relief plan triggers inflation warnings
Good morning and we start today with Joe Biden’s long-awaited student debt relief proposal.The US president yesterday said that the...
Pfizer races to beat rivals for slice of $10bn respiratory jab market
Pfizer has said it will seek approval for a vaccine targeting respiratory syncytial virus in older adults after reporting positive...
The carbon footprint fixation is getting out of hand
Do you remember where you first heard the term “carbon footprint”? Neither do I. For many of us, the term...
A Beautiful Ending by John Jeffries Martin — on the bright side
The world is coming to an end. The fact isn’t controversial; just the timetable. As Bertrand Russell said about nuclear...
Level of top GCSE grades drops as schools return to exams after Covid disruption
The level of top GCSE grades awarded in England, Wales and Northern Ireland fell this year, as schools and colleges...
Hyundai tackles Washington over loss of electric vehicle subsidies
The chair of Hyundai Motor has gone on an urgent trade mission to Washington this week, after the Korean car...
Global stocks rise ahead of Jackson Hole economic symposium
Global stocks ticked up on Thursday as investors braced themselves for a deluge of headlines from the Jackson Hole central...
China’s power crunch and why SoftBank cut back on Alibaba
Hello, this is Kenji from Hong Kong, where we are in the midst of the mid-year earnings season. The overall...
New PM told to ‘think the unthinkable’ on energy bills – as British Gas announces plan to help
The government must increase its energy bills discount by at least 150% or risk pushing millions of households into financial...
Four-day working week trial at Atom bank has been ‘overwhelmingly positive’
App-based lender Atom bank says its four-day working week trial has been a resounding success.The bank, which is based in...
UK imported no fuels from Russia in June while import of goods also dropped to £33m
Britain imported no fuels from Russia in June for the first time on record following the imposition of sanctions over...
UK economy edges closer to stagnation with factory slump
UK private sector growth has moved closer to stagnation as it slowed to a new 18-month low, dragged down by...