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[EN] Financial Times

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