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Receive free UK economy updates We’ll send you a myFT Daily Digest email rounding up the latest UK economy news every morning. UK economic activity has fallen at the fastest pace since January 2021, according to a closely watched survey that suggests the chances of a recession have increased. With service sector activity weakening, the

Receive free UK interest rates updates We’ll send you a myFT Daily Digest email rounding up the latest UK interest rates news every morning. The Bank of England has held interest rates at 5.25 per cent after a knife-edge vote that is likely to signal the peak of borrowing costs in this cycle. Following better

Receive free UK inflation updates We’ll send you a myFT Daily Digest email rounding up the latest UK inflation news every morning. UK inflation was lower than expected in August, falling to 6.7 per cent from 6.8 per cent in July, rather than increasing on the back of higher petrol costs. The drop in almost

Receive free Canada updates We’ll send you a myFT Daily Digest email rounding up the latest Canada news every morning. Canada’s prime minister has said there are “credible allegations” that India’s government was involved in the fatal shooting of a prominent Sikh leader in British Columbia, citing intelligence from national security services. Justin Trudeau on

Western companies that have continued to operate in Russia since Moscow’s full-scale invasion of Ukraine have generated billions of dollars in profits, but the Kremlin has blocked them from accessing the cash in an effort to turn the screw on “unfriendly” nations. Groups from such countries accounted for $18bn of the $20bn in Russian profits

Receive free Share buybacks updates We’ll send you a myFT Daily Digest email rounding up the latest Share buybacks news every morning. Share buybacks on the US stock market have dropped to the slowest pace since the early stages of the Covid-19 pandemic as rising interest rates undermine the incentive for companies to purchase their

Receive free SoftBank Group Corp updates We’ll send you a myFT Daily Digest email rounding up the latest SoftBank Group Corp news every morning. SoftBank is on the hunt for deals in artificial intelligence, including a potential investment in OpenAI, after the blockbuster listing of UK chip designer Arm bolstered Masayoshi Son’s multibillion-dollar war chest.

Receive free Chinese politics & policy updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese politics & policy news every morning. The US government believes Chinese defence minister Li Shangfu has been placed under investigation in the latest sign of turmoil among elite members of Beijing’s military and foreign policy

Receive free Electric vehicles updates We’ll send you a myFT Daily Digest email rounding up the latest Electric vehicles news every morning. Beijing has attacked the EU’s anti-subsidies investigation into China’s electric car industry as a “naked protectionist act” and warned that it will have a negative impact on relations in its first official comments

BP chief executive Bernard Looney is to resign less than four years into the job, according to two people with knowledge of the decision. Looney, 53, joined BP in 1991 aged 21 and has spent his entire career at the company. The Irish citizen was appointed chief executive in 2020 to transform the oil producer

The world is at “the beginning of the end” of the fossil fuel era, according to the leading global energy watchdog, which for the first time has forecast that demand for oil, natural gas and coal will all peak before 2030. New projections by the International Energy Agency forecast that the consumption of the three

Janet Yellen has rejected accusations that the G20 watered down its position on Ukraine over the weekend, as the US treasury secretary touted the summit of world leaders’ accomplishments in boosting funding for developing economies. In an interview with the Financial Times, Yellen defended the joint statement agreed at the end of the summit in

G20 leaders have failed to condemn Russia’s invasion of Ukraine in a joint statement after China and Russia rejected language that blamed Moscow for the conflict, highlighting the lack of global consensus in support of Kyiv. The New Delhi summit declaration refers only to the “war in Ukraine”, a formulation that supporters of Kyiv such

The US and EU are set to support the development of a new ship and rail corridor connecting India to the Middle East and beyond — an infrastructure project crossing Saudi Arabia and the United Arab Emirates that could challenge China’s economic clout in the region. The plan is expected to be launched on Saturday

The UK’s plans to develop cleaner energy have suffered a major blow after the government failed to attract offshore wind developers to its latest round of contracts for new projects. No offshore wind projects won contracts in this year’s annual auction for subsidies, according to results published on Friday, after developers had warned that the

China’s exports fell 8.8 per cent in August compared with a year earlier, marking their fourth consecutive month of decline in another hit for the ailing manufacturing sector in the world’s second-largest economy. The August contraction was less severe than a forecast fall of 9.2 per cent, according to analysts polled by Reuters, and better than

Britain’s aviation regulator will launch an independent review into the failure of the air traffic control system over the August bank holiday that grounded hundreds of aircraft and left thousands of passengers stranded. The review by the Civil Aviation Authority comes after an interim report by the National Air Traffic Services (Nats) found that a

Apple and Microsoft, the most valuable companies in the US, have argued some of their flagship services are insufficiently popular to be designated “gatekeepers” under landmark new EU legislation designed to curb the power of Big Tech. Brussels’ battle with Apple over its iMessage chat app and Microsoft’s search engine Bing comes ahead of Wednesday’s

Chinese lenders stepped in to extend billions of dollars to Russian banks as western institutions pulled back their operations in the country during the first year of Moscow’s invasion of Ukraine. The moves by four of China’s biggest banks are part of Beijing’s efforts to promote the renminbi as an alternative global currency to the

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