The writer is chief economic strategist at Netwealth The Bank of England reaches the milestone of a quarter-century of independence in early May. After some initial benefits, it is hard to claim that the experience has been an unbridled success. There are strong reasons this milestone should trigger a fundamental rethink of the Bank’s remit
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If Twitter’s board initially thought Elon Musk’s offer to buy the social media company for $43bn was just a stunt, it has now found itself on the defensive on multiple fronts. After the world’s richest man revealed on Thursday how he plans to fund his takeover bid, Twitter’s directors are under pressure to come to
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This is an audio transcript of the FT News Briefing podcast episode: Introducing: the FT Climate Game Marc FilippinoGood morning from the Financial Times. Today is Friday, April 22nd, and this is your FT News Briefing. [MUSIC PLAYING] Elon Musk really wants to own Twitter, and he’s putting his money where his mouth is. Richard
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Reading Gideon Rachman’s column “Patriots vs globalists is the new battlefield”(Opinion, April 19) it occurs to me, as an economist, that nationalism vs globalisation resembles a typical decision in finance. It is a trade-off between risk and return. Nationalists, as in economic autarky, seek to avoid the risks from problems beyond their control but at
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America looms over Audrey Diwan’s Happening. The film is set in Angoulême, south-west France, but the year is 1963, and the students here are besotted with the transatlantic exports of chewing gum and rock’n’roll. Now, in 2022 this bold, clear-eyed drama, which won the top prize at last year’s Venice Film Festival, is about to
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Melissa Aldana’s cultured, light-toned tenor saxophone is steeped in the winding pathways, dynamic contrasts and harmonic thickets of contemporary narrative jazz. Raised in Santiago, Chile, she graduated from Berklee College of Music in 2009, and, based in New York, is a fixture in international jazz. This quartet gig, an early evening full-house show, presented music from
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It should be no surprise that a beauty business is a dab hand at putting a good face on things. Nutrition, beauty and logistics group THG’s cut to its profit margin outlook for this year came with something to pretty it up: the confirmation that it had received “indicative proposals from numerous parties” to buy
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Tycoons, bankers and bosses are vying for control of Generali, Italy’s largest insurer. This acrimonious and, at times, personal battle has divided the Italian financial establishment. The outcome will matter far beyond this tight circle. Generali is worth about €30bn, employs roughly 75,000 people and serves approximately 67mn customers. Construction tycoon Francesco Caltagirone leads rebels
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