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02/09/2024

Good morning, Asia. While you were sleeping, this was our most-read story.

Parties in Chancellor Olaf Scholz’s three-way coalition government receive a drubbing

01/09/2024

Just published: front page of the Financial Times, international edition, Monday 2 September https://on.ft.com/3T8cTJR

01/09/2024

Just published: front page of the Financial Times, UK edition, Monday 2 September https://on.ft.com/3Mt0Uml

01/09/2024

'The deaf community are not usually in a concert hall. This is not inclusion, it is integration.'

01/09/2024

'All of economics is a behavioural science. The difference is whether you think the behaviour is irrational or rational.'

The giant of modern finance discusses the wisdom of crowds and locking horns with the investment industry – over Lunch with the FT: https://on.ft.com/4dKvKTo

31/08/2024

L'As du Fallafel in Le Marais serves actor Natalie Portman's 'favourite meal in Paris'. But what makes this specific version of the chickpea snack stand out? https://on.ft.com/4dEqdxO

31/08/2024

A few months before the Ducati Senna bike’s release, in May 1994, Ayrton Senna, one of Formula One’s most legendary drivers, died at the San Marino Grand Prix. The bike produced in his honour was eventually unveiled as a memorial later that year.

Thirty years later, the bike remains one of the most beloved – and is racing ahead at auction:

A bike designed for Ayrton Senna is racing ahead at auction

31/08/2024

In which of their eras will you be attending Oasis 2025? Will you, like the Swifties, wear some token of your ardour to exchange with other fans? Maybe you can swap tambourines or bucket hats? Will you adopt the Noel mod haircut?

The FT's Jo Ellison thinks there is really only one Oasis era – which is it? Tap here to find out:

The band’s getting back together. But what does it all mean?

30/08/2024

First-half figures at Sotheby’s main auction business have revealed the extent of the financial pressure the group came under before it struck an investment deal with Abu Dhabi earlier this month. https://on.ft.com/4fZBg6p

30/08/2024

UK house prices are rising at their fastest pace since 2022, as cheaper mortgages continue to power a gradual recovery in the property market.

Mortgage approvals have also reached their highest level since the market was hit by Liz Truss's mini-Budget.

Mortgage approvals reach highest level since market was hit by Liz Truss’s mini-Budget

30/08/2024

Deciding how to transfer wealth is tricky for a lot of families.

Work out what you want to achieve and start early, says Moira O'Neill. The principles will probably remain the same, regardless of any changes in the autumn Budget.

Here's the rest of her advice.

Work out what you want to achieve and start early. The principles will probably remain the same, regardless of any changes in the autumn Budget

30/08/2024

For a chancellor looking to find £22bn, pensions are an obvious target. But how far will Rachel Reeves go?

Fiddling with pensions taxation could blight the retirement prospects of millions, says Claer Barrett. Here's why.

Fiddling with pensions taxation could blight the retirement prospects of millions

30/08/2024

The move comes as the country’s population shrinks and ages https://on.ft.com/4dFrq8b

30/08/2024

The Italian government is proposing a sharp increase in tourist taxes to help make visitors 'more responsible' amid a growing public backlash against over-tourism. https://on.ft.com/3AKk7xi

30/08/2024

The company’s bondholders have suffered steep losses after French authorities charged Pavel Durov for allegedly failing to address criminality on the messaging app. https://on.ft.com/3yPH8hQ

30/08/2024

Ukraine's positions in the strategically important Donetsk region were weakened by the redeployment of thousands of troops for the Kursk incursion, critics say. https://on.ft.com/3YYOkmm

30/08/2024

FT Exclusive: Donald Trump's running mate told the FT that tech giants should be split up to promote innovation, and Google was 'way too big, way too powerful'. https://on.ft.com/3AKVLU2

30/08/2024

The vice-president also distanced herself from the Democratic party's left on issues such as immigration, climate and Gaza. https://on.ft.com/3Mod1kq

30/08/2024

The social media platform refused to meet a 24-hour deadline to name a legal representative in the country. https://on.ft.com/4g6lmH7

30/08/2024

Good morning, Asia. While you were sleeping, this was our most-read story.

In FT interview, Republican vice-presidential nominee also says Google ought to be broken up

29/08/2024

Shares in the Silicon Valley-based company were down by more than 6% on Thursday after the chipmaker's latest earnings report failed to live up to Wall Street's lofty expectations. Despite the drop, Nvidia's shares are still up about 140% since the start of 2024. https://on.ft.com/4e3tR3X

29/08/2024

FT Exclusive: Donald Trump’s running mate JD Vance has urged tech billionaire Peter Thiel to 'get off the sidelines' and help bankroll the Republicans’ White House bid, he said in an interview with the Financial Times. https://on.ft.com/3Z3O1Xu

29/08/2024

Yemen’s Houthi rebels said they would allow a burning tanker to be salvaged from the Red Sea, amid international pressure to avert a huge oil spill following an attack on the ship by the militant group.

The incident, which threatened to become an environmental catastrophe, marked the latest attack in the Houthis’ campaign of targeting commercial ships, a move they have said is in support of Gaza’s Palestinians during Israel’s war with Hamas. https://on.ft.com/3TcJXAj

29/08/2024

The significance of a BoE monetary policy meeting on Sept 19 lies not in the likely decision to hold interest rates at 5%, but what is set for the path ahead for quantitative tightening, writes our economics commentator Chris Giles.

Here are three reasons why the decision on future QT matters.

An MPC meeting next month looks set to shape interest rates, normalise risk taking and kill a silly fiscal rule

29/08/2024

The UK public is estimated to give about £26.4bn to charity each year. But research suggests that better financial advice would help people to be more philanthropic https://on.ft.com/4e2BIyC

29/08/2024

Will the Gulf serve as a lesson in how – or how not – to deal with scorching urban temperatures? Either way, the vastly differing experiences of the well-off and the labourers and security guards that keep the region functioning show worsening inequality.

From Dubai to Mumbai, cities are having to adapt to hotter summers, often exacerbating economic inequality in the process

29/08/2024

Like many poor countries, Benin has been trapped in a trading pattern in which it sells cheap raw commodities and imports expensive finished goods.

That is until now.

Benin is trying to achieve what few countries on the continent have managed: transform its raw materials into finished goods

29/08/2024

More buyers and sellers have been coming back to the market after almost two years of muted activity caused by higher borrowing costs.

For-sale stock of homes up 14% in August compared with year before as interest rate cut boosts activity

29/08/2024

Residents reported snipers, drones and intermittent gun battles in one of the largest incursions into West Bank Palestinian cities in recent memory. https://on.ft.com/3Xl1MQd

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Videos

After months on the back foot, Ukraine's forces invaded its invader, pulling off a spectacular counterpunch against Russia. Here's how it happened: ig.ft.com/ukraine-incursion

A new breed of AI-generated fake pictures, videos and audio clips is spreading across the internet - content anyone with an internet connection can generate. Our new series on Tech Tonic investigates what can be done about deepfakes: https://on.ft.com/3WNSZEY

One of the UK's best-known tech entrepreneurs, Mike Lynch, is among those still missing after a luxury yatch sank off the coast of Sicily. His 18-year-old daughter Hannah is also missing while his wife and 14 other guests and crew members have been rescued by the Italian coastguard, according to local authorities and people familiar with the matter. https://on.ft.com/4dGb3YE

WHO declares mpox public health emergency as cases surge in Africa

The decision is the World Health Organization's second international public health emergency in barely two years over an outbreak of mpox. https://on.ft.com/3YLLocI

Kamala Harris formally introduced Tim Walz as her running mate in the US presidential election on Tuesday. After their first rally together in Pennsylvania, the two are expected to speak at campaign rallies in Las Vegas, Phoenix, Detroit, Raleigh and western Wisconsin later this week. https://on.ft.com/4diBkfO

Since the beginning of the summer, wildfires burning across the northern hemisphere in parts of Canada, Russia and the US have led to a surge in carbon dioxide emissions and smoke trails as their intensity rises. Scientists at international agencies have been tracking emissions and monitoring a significant increase in fire radiative power, which indicates the intensity of the fires. https://on.ft.com/4dtTuun

Inside the race to make the world’s fastest running shoes

The Paris Olympics is not just a competition between the world’s greatest athletes. It will also be a battleground for the latest in footwear technology. https://on.ft.com/4d10nUg

Inside the race to make the world’s fastest running shoes

In the past year alone, both the men’s and women’s marathon world records have been shattered with the help of the latest footwear innovations. What makes these shoes so fast? https://on.ft.com/4d1Li4K

Netanyahu meets Biden after polarising address to Congress

The meeting is Netanyahu’s first visit to the White House since he returned to power in late 2022. It's seen by US officials as a chance to push the Israeli premier on a proposed Gaza ceasefire and hostage deal that he has yet to publicly endorse, including in his congressional speech. https://on.ft.com/3SpKBtT

The challenge facing Europe’s best known office district is not just millions of square feet of vacant office space, but the number of buildings due to empty out over the next few years. Economists and investors now wonder: What will it cost to adapt and find new tenants? ft.com/canary-wharf

Private equity firms have become an integral part of the global economy, owning everything from housing groups to supermarkets. As the industry has grown, so too has its borrowing. The FT explores whether private equity’s opaque ecosystem could pose a systemic risk: https://on.ft.com/3LEOIP3

What’s behind Kenya’s violent protests

The Kenyan president’s tax-raising efforts have ignited a social movement that should be a warning to other fiscally constrained governments. We explain why Kenyan citizens are rejecting austerity measures: https://on.ft.com/3WrhdWp

Paris mayor Anne Hidalgo and the head of the Olympics committee have taken a dip in the Seine, in a bid to prove that a costly clean-up had made the river ready for athletes to use at the upcoming games. https://on.ft.com/3Y8ZcOa

As results are being tallied in the French parliamentary election, explore the second round of National Assembly voting with our interactive tracker: https://on.ft.com/4cuqmmF

Viktor Orbán meets Vladimir Putin despite EU outcry

The unannounced trip is a stark demonstration of Orbán’s position as one of the west’s most pro-Russian leaders, in what officials have said breached diplomatic protocol and undermined EU and Nato unity. https://on.ft.com/4eU4djE

Sir Keir Starmer has declared a historic Labour victory in Britain’s general election. But where were the key wins and how did the night unfold? See the latest results from our live map here: https://on.ft.com/4bC5xV7

As diplomats scramble to prevent a full-scale war between Hizbollah and Israel, Israel’s military has laid waste to swaths of southern Lebanon, ravaging a 5km-wide strip of land. https://on.ft.com/3VFZMQn

Julian Assange lands in Australia after walking free from US court

Julian Assange has landed in Australia after being freed by a US federal court, concluding more than a decade of legal wrangling between Washington and the WikiLeaks founder. https://on.ft.com/3RL5WgW

Based on the latest polling, this is what results could look like across the UK on July 4 and how they will differ from the results we saw in 2019 https://on.ft.com/3VRs2kj

UK ambassador to Mexico has been sacked after pointing gun at staff

The UK ambassador to Mexico picked up a gun in the vehicle he was travelling in during an official visit and pointed it at a colleague, according to the video and people familiar with the matter. https://on.ft.com/3VnZxus