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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. Britain’s flagship Hinkley Point C nuclear plant has been delayed until 2029 at the earliest and could end up costing up to £35bn, or nearly twice the initial budget, in the latest blow to a

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US and UK launched another round of joint air strikes against Houthi targets in Yemen on Monday, the second time that Britain has been directly involved in the military action targeting the Iran-backed rebel

Conservative ministers have “opened themselves” up to the charge that a new voter identification scheme is designed to benefit the Tory party, according to the head of the UK elections watchdog. John Pullinger, chair of the Electoral Commission, warned that the “very, very tight” rules that will force voters to carry ID at this year’s

Stay informed with free updates Simply sign up to the Hedge funds myFT Digest — delivered directly to your inbox. The world’s most successful hedge funds made their biggest profits on record last year as punchy bets on stock markets paid off when share prices surged. The top 20 managers made profits for investors of

Ron DeSantis has suspended his campaign for president and endorsed Donald Trump as the Republican nominee for the White House in 2024, in a significant blow to Nikki Haley with just two days to go until the New Hampshire primary. DeSantis announced his decision in a video posted to social media on Sunday afternoon, saying

Stay informed with free updates Simply sign up to the Hedge funds myFT Digest — delivered directly to your inbox. Assets managed by the Chinese operations of Bridgewater and Two Sigma surged as the US hedge funds outperformed their local peers during the market turbulence of last year. Bridgewater China Investment Management, the local arm

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran accused Israel of killing four members of its elite Revolutionary Guards and a number of Syrians forces in an air strike that targeted a building in Damascus. Tasnim, an Iranian news agency affiliated to

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Until this week, the UK economy looked increasingly set for a smooth “soft landing”, with inflation dropping sharply and early signs of growth picking up. But data releases in the past few days have added

Chancellor Jeremy Hunt is set to be handed a multibillion-pound boost by official forecasters next week, paving the way for a package of pre-election tax cuts. Leading economists predict that lower UK borrowing costs could give Hunt significantly more fiscal headroom in his March 6 Budget, paving the way for income tax cuts or further

Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. Private equity executives are predicting a sharp increase in takeover activity as buyout firms that have held on to investments in the hope of higher prices finally begin to capitulate. There has been a marked

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Jeremy Hunt has signalled he wants to cut taxes further in the coming months and left open the possibility of holding two Budgets ahead of this year’s general election. Hunt said on Thursday

Bobby Jain’s new hedge fund is falling short of its original $8bn-$10bn fundraising target, thwarting his ambition for the industry’s largest-ever debut. The Credit Suisse veteran and former co-chief investment officer of Millennium Management has told potential clients he is now aiming to launch Jain Global in July with $5bn-$6bn of assets, according to investors.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European stocks and bonds fell after European Central Bank president Christine Lagarde signalled that interest rates would come down in summer rather than spring and UK inflation rose unexpectedly for the first time in 10

Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation unexpectedly accelerated in December raising questions over how soon the Bank of England will start cutting interest rates. Consumer prices rose at an annual rate of 4 per cent in December, up from

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two deputy Conservative party chairs quit on Tuesday as Rishi Sunak suffered the biggest revolt of his premiership, with 60 rebel Tory MPs attempting to force him to toughen up his Rwanda legislation. Lee Anderson

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump is expected to win the first ballot of the 2024 presidential race, as voters in Iowa gather on Monday night for caucuses that will set the pace for the Republican campaign for the

Stay informed with free updates Simply sign up to the German economy myFT Digest — delivered directly to your inbox. German output contracted 0.3 per cent last year as high inflation, rising interest rates and elevated energy costs made Europe’s largest economy one of the weakest performers in the world, according to an initial estimate

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Security officials from 83 countries gathered in Davos on Sunday to discuss Ukraine’s demands for ending the war with Russia, in talks marked by rising non-western participation but limited progress towards peace. Held on

The UK government tried to block the Japanese software company implicated in the Post Office scandal from new public IT contracts in the early 2010s in a drive nicknamed “Project Sushi”, according to British officials. The Cabinet Office pushed to formally exclude Fujitsu and other companies from bidding for government deals on the basis of

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump is the first choice of just under half of likely Republican caucus goers, according to a new poll that underscores the former president’s dominance heading into the Iowa caucuses on Monday. The poll,