Mexico’s opposition politicians have denied the country’s nationalist president the two-thirds majority he needed to change the constitution and implement a radical energy reform bill. The reform, which would have guaranteed state electricity group CFE 54 per cent of the market, spooked the private sector, opposition and the US government. Critics argued that it was
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US stocks and bonds fluctuated on Monday morning as investors look ahead to a busy week of corporate earnings and speeches from Federal Reserve officials that may give further guidance on how aggressively policymakers will raise interest rates this year. The S&P 500 swung between gains and losses in thin trading as markets reopened from
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Chinese immigration consultants say inquiries from wealthy individuals trying to leave the country have surged following the lockdown of Shanghai, underscoring the mounting frustration with Beijing’s zero-Covid strategy. Calls about emigration have risen sharply this month, according to more than a dozen consultancies, following an outbreak of the Omicron coronavirus variant that led authorities to
China is America’s nemesis when it comes to economic espionage. About 80 per cent of all economic espionage prosecutions brought by the US Department of Justice allege conduct that would benefit the Chinese state. One 2017 estimate put the cost to the US of stolen trade secrets, pirated software and counterfeiting by China at between
Pay for FTSE 100 chief executives bounced back to pre-pandemic levels after increasing by a third in 2021, as some sectors experienced a post-Covid boom and companies measured performance against conservative targets. An analysis by PwC of the first 50 FTSE 100 companies to publish their 2021 remuneration reports — based on financial years ending
“I’m trying to be nice but sometimes it comes out horrible,” says movie producer Cameron O’Neill at one point in Chivalry, offering a crisp encapsulation of this lively comedy about Hollywood’s hopelessly maladroit efforts to adjust to a post-#MeToo world. The new Channel 4 series is something of a high-wire act. A comedy set against
Economists’ definitions of so-called safe assets — those that serve as a bolt hole for nervous money in crises — are often devoid of political content. This omission is historically under-informed. Safe assets, like reserve currencies and financial centres, have largely lost their pre-eminent status thanks to war. Russia’s invasion of Ukraine serves as a
Janet Yellen, the US Treasury secretary, did something important and, for the most part, underreported last week. She relinked trade to values. In an address at the Atlantic Council in Washington, the secretary called for a new Bretton Woods framework and a revamp of the IMF and World Bank institutions, both of which are holding
Your browser does not support playing this file but you can still download the MP3 file to play locally. Many people with lingering symptoms of Covid-19 struggle to work or have been forced to leave the workforce entirely. Plus, the FT’s capital markets correspondent, Robert Smith, talks about the lessons learned from the collapse of
Last week everyone’s fave attention-junkie technology impresario launched a $43bn hostile offer for Twitter. It has raised Questions, to put it mildly. Apart from the company likely not wanting to sell at just $54.20 per share, a big challenge to Elon Musk’s bid is that the company is not exactly the profit machine that debt
This is an audio transcript of the FT Tech Tonic podcast episode: US-China Tech Race: Shock and Awe Demetri SevastopuloI mean, I have to be very careful and kind of not get into sourcing at all, but I can just say that I had a tip that China had done something incredible and that it
The author’s latest book is ‘Lift As You Climb: Women and the Art of Ambition’ At a conference in central London recently, I finished giving a talk and watched the audience stream out of the room, faster, it seemed to me, than in pre-pandemic times. Couldn’t wait to get away from me? Probably. Or just
A vessel docked at a jetty on Louisiana’s coast is claiming its cargo of liquefied natural gas. Ice forms on a pipe as chilled fuel extracted from fields as far away as Texas or Pennsylvania is sent into the tanker’s insulated hold for shipment overseas. Cheniere Energy’s Sabine Pass export terminal is one of seven
This week’s problem I have a manager who does not support my professional development. I asked other senior managers for feedback and based on what they told me, I have spent my own time and money on professional training and activities to improve my soft skills. When my manager heard about this, she started giving
To step inside Carmen Haid’s Marrakech home is to be immersed in a sunset palette of Sahara brown, ochre and burnt red – the same tones that define so much of the ancient city’s architecture. Haid, who embarked on a career in fashion and worked alongside Yves Saint Laurent in the 1990s handling his PR,
Susie Boyt was spot on in her excellent piece “A love letter to The Wolseley” (Life & Arts, April 9). John Betjeman, poet Laureate and saviour of Holy Trinity Sloane Square, famously noted that when the end of the world came he wanted to be in the haberdashery department of a certain iconic department store
There appears to be a prevailing belief that during lockdown Boris Johnson morphed into a 21st century Marie Antoinette, scoffing cake and guzzling wine, while saying, “Let them go to parties” — only to be reminded that his own rules prohibited them from doing so (FT View, April 13). Many commentators have written that he
Claer Barrett is right to say that higher national insurance, rising inflation and stratospheric energy bills will be financially catastrophic for millions of people on low incomes (FT Money, March 19). I’d go further — the cost of living crisis is a health crisis too. Health issues and problems with money exacerbate each other. Financial
By Tom Bartlett Often, colour is seen as being only decorative, but at Waldo Works, the agency I co-founded, it’s one of the first things we think about on a new project. Our approach has always been to use colour to enhance the architecture of a space: to provide emotional cues, reinforce design agendas and