Sign In
Subscribe
Open side navigation menu
Open search bar
Financial Times
Subscribe
Sign In
myFT
Search the
FT
Search
Close search bar
Home
World
Sections
World Home
Israel-Hamas war
Global Economy
UK
US
China
Africa
Asia Pacific
Emerging Markets
Europe
War in Ukraine
Americas
Middle East & North Africa
Most Read
Stormy Daniels gives graphic account of encounter with Donald Trump at criminal trial
Israel sends troops into Rafah
Xi Jinping lashes out at Nato over 1999 Belgrade bombing ahead of Serbia visit
Governments slap taxes on EVs as $110bn fuel duty shortfall looms
Germany partly to blame for Brexit, says CDU leader
UK
Sections
UK Home
UK Economy
UK Politics
UK Companies
Personal Finance
Most Read
Fewer Londoners leave for the country as pandemic-era exodus eases
BoE likely to flag future rate cuts as divided policy committee meets
UK suspects China behind cyber attack on military personnel data
Garrick Club votes to allow women members for the first time
Rachel Reeves claims prime minister ‘gaslighting’ British public over economy
Companies
Sections
Companies Home
Energy
Financials
Health
Industrials
Media
Professional Services
Retail & Consumer
Tech Sector
Telecoms
Transport
Most Read
PwC and EY hit with multimillion-pound fines over LCF audit failures
‘To what end?’: the murky question of Bill Hwang’s motive in Archegos trial
Disney shares fall 9.5% despite first profit in core streaming business
UBS reports first quarterly profit since Credit Suisse takeover
Boeing calls off Starliner spacecraft launch after problem with valve
Tech
Markets
Sections
Markets Home
Alphaville
Markets Data
Cryptofinance
Capital Markets
Commodities
Currencies
Equities
Wealth Management
Moral Money
ETF Hub
Fund Management
Trading
Most Read
News updates from May 7: White House tries revive ceasefire talks; Stormy Daniels gives graphic account of encounter with Donald Trump at criminal trial
PwC and EY hit with multimillion-pound fines over LCF audit failures
‘To what end?’: the murky question of Bill Hwang’s motive in Archegos trial
Pandemic-era winners suffer $1.5tn fall in market value
The SEC’s power grab on digital assets threatens US innovation
Climate
Opinion
Sections
Opinion Home
Columnists
The FT View
The Big Read
Lex
Obituaries
Letters
Most Read
Rishi Sunak reminds us that sometimes failure is the only option
Is the corporate DEI panic finally over?
Xi is probing for cracks in the EU and Nato
Biden has to find a way to convince Americans on the economy
The SEC’s power grab on digital assets threatens US innovation
Lex
Work & Careers
Sections
Work & Careers Home
Business School Rankings
Business Education
Europe's Start-Up Hubs
Entrepreneurship
Recruitment
Business Books
Business Travel
Working It
Most Read
Could ketamine be the next fix for workplace depression?
Wizz Air CEO: ‘Crisis management became a constant’
Grab your trainers, the non-doms are getting ready to run
Shameless comebacks show we are in the age of chutzpah
Life & Arts
Sections
Life & Arts Home
Arts
Books
Food & Drink
FT Magazine
House & Home
Style
Travel
FT Globetrotter
Most Read
Gadgets to keep your records looking (and sounding) gorgeous
The Met Gala — too-tight corsets, sustainable fabrics and a spotlight on Galliano
A holiday from reality: Cunard’s Queen Anne sets sail
How to get the perfect smile (without the smile lines)
Frighteningly good — in praise of horror fiction
HTSI
Menu
Search
Home
World
UK
Companies
Tech
Markets
Climate
Opinion
Lex
Work & Careers
Life & Arts
HTSI
Financial Times
Subscribe
Sign In
Search the
FT
Search
Close search bar
Looks like you can no longer use this link
Too many other people have used it to read this article before you.
To read the full story
Subscribe to the FT
Sign in
Check if your organisation subscribes to the FT
Feedback