The Bank of England does not need to ‘follow the Fed’
The decisions of the US central bank can have a mixed impact on the domestic UK economy
How war stopped working
Ukraine, Iraq, Afghanistan — the story of the century so far is the ineffectiveness of force
Third runway will cost £15 per passenger, Heathrow boss claims
Comments by Thomas Woldbye come as Britain’s hub airport awaits crucial ruling by regulator
Sell-side research in the Substack era
Market-moving distribution with zero disclosure
Commons Speaker told police Mandelson was a flight risk
Lindsay Hoyle admits his tip to police prompted arrest of Peter Mandelson
The other side of the ‘net zero’ ledger
Government policy will be crucial if the fledgling carbon removal sector is to get off the ground
Paul McCartney’s ‘uncool’ years reconsidered in Man on the Run
Documentary skips through the 1970s as the musician forms Wings and searches for ordinary life amid notoriety and sheep
US-UK tech deal cautiously restarts with focus on nuclear projects
Deal to collaborate on atomic energy, AI and quantum computing was paused as part of wider trade wrangling
FirstFT: Trump lashes out at Iran’s ‘sinister’ nuclear ambitions
Also in today’s newsletter: Anthropic and defence secretary feud, as well as the stocks benefiting from the AI sell-off
Loie Hollowell is turning motherhood into ‘cosmic energy’
The New York artist’s punchy canvases are inspired by pregnancy and birth
UK AI start-up Wayve raises $1.2bn from carmakers and Big Tech
Self-driving group valued at $8.6bn as it gears up to launch robotaxi service in London this year
Merz meets China’s Xi as trade tensions mount
German chancellor calls on Beijing to appreciate currency, cut subsidies and reduce industrial ‘overcapacity’
Submit your questions: How should Europe prepare for a transatlantic divorce?
Take part in a live Ask an Expert Q&A with Ben Hall, the FT’s Europe editor, on Thursday February 26 at 1pm (GMT)
A Green triumph would leave Labour red-faced
Breakthrough in Gorton and Denton would show Zack Polanski’s insurgent party is not a wasted vote in some cases
GSK secures potential ‘multi-blockbuster’ drug in $950mn deal
New chief Luke Miels swoops on Canada’s 35Pharma in push to replenish pipeline and boost revenues
Louvre boss resigns months after €88mn jewel heist
Laurence des Cars quits in wake of theft that exposed poor security at Paris museum
World’s best-performing market gets boost from corporate reform bill
Law ends practice that investors say helps owner families maintain control at expense of minority shareholders
HSBC on track to deliver cost savings six months early
Boost to UK bank comes after $14bn privatisation of Hang Seng
British energy bills to fall as price cap cut by 7%
Typical households will pay £1,641 per year, down from £1,758 after energy-efficiency scheme scrapped
Australian and NZ dollars surge as traders position for global rate rises
Commodity-linked currencies acting as ‘canaries in coal mine’ for shift towards rises in borrowing costs
New Diageo CEO slashes dividend and signals price cuts
Dave Lewis moves to reduce shareholder payouts and outlines plan to cut prices to revive demand at ailing Guinness maker
Yen weakens after Takaichi picks dovish Bank of Japan candidates
Academics favouring lower interest rates could challenge governor Kazuo Ueda’s efforts to normalise policy, analysts say
Transcript: European investment banks’ killer year
Marc Filippino talks to Simon Foy and Humza Jilani
The AI doomers aren’t done yet
Plus AMD and Meta