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
Hope Hicks says Donald Trump ‘concerned’ by affair allegations during 2016 race
US stocks rally as cooling labour market boosts rate cut hopes
Marine Le Pen grows wary of ‘crazy’ German far right
Births in Germany fall to lowest for a decade
Canada charges three Indian nationals with murder of Sikh separatist
UK
Sections
UK Home
UK Economy
UK Politics
UK Companies
Personal Finance
Most Read
Conservatives battered in local elections as losses mount
Boris Johnson turned away from polling station without proper ID
Cost of bankrupt Birmingham’s equal-pay claim likely far lower than £760mn
Tory plot to topple Rishi Sunak fizzles despite crushing election losses
Conservative Ben Houchen holds on as mayor in key Tees Valley race
Companies
Sections
Companies Home
Energy
Financials
Health
Industrials
Media
Professional Services
Retail & Consumer
Tech Sector
Telecoms
Transport
Most Read
SEC shuts down Trump Media auditor over ‘massive fraud’
Gazprom plunges to worst loss in decades as sales to Europe collapse
SocGen trader fired for ‘unauthorised’ bets blames ‘risk team and bosses’
Berkshire after Buffett: prized energy business faces upheaval
Private equity firms step up plans to edge banks out of low-risk lending
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
SEC shuts down Trump Media auditor over ‘massive fraud’
Live news: S&P 500 jumps the most since February on softer-than-expected jobs data
US stocks rally as cooling labour market boosts rate cut hopes
Gazprom plunges to worst loss in decades as sales to Europe collapse
SocGen trader fired for ‘unauthorised’ bets blames ‘risk team and bosses’
Climate
Opinion
Sections
Opinion Home
Columnists
The FT View
The Big Read
Lex
Obituaries
Letters
Most Read
Is remote work good for women?
The strange new economy of all-you-can-eat buffets
Sunak’s instincts are leading the Tories to ever worse defeat
Russia’s new economy may end up prolonging its war
Giving away local power has come back to bite the political centre
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
Europeans have more time, Americans more money. Which is better?
Economist Joseph Stiglitz: ‘Trump is what neoliberalism produces’
The active commuters making travelling to work a workout
Be a team player: bring all your selves to work
Fintechs lead way on smashing the glass ceiling
Life & Arts
Sections
Life & Arts Home
Arts
Books
Food & Drink
FT Magazine
House & Home
Style
Travel
FT Globetrotter
Most Read
Taiwan’s everywhere war
Former Supreme Court justice Stephen Breyer: ‘Are you kidding? You’ll get more cases than ever!’
Return to Palermo
The lesson of Loki? Trade less
Foreign buyers eye up Sweden’s secluded island sanctuaries
HTSI
Menu
Search
Home
World
UK
Companies
Tech
Markets
Climate
Opinion
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