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Investment allocations to ethnically diverse managers are still lagging far behind their white counterparts, as racial bias and outdated practices persist in the US fund industry, says John Rogers, founder of $17.8bn fund Ariel Investments. “People are used to thinking of minorities as experts in music or athletics, but not as mutual fund managers or investment

The study we conducted at Peterson Institute for International Economics showing that reducing tariffs would help ease inflation has struck a nerve among protectionists, illustrated by Oren Cass’s column “Cutting China tariffs will offer no respite from rising prices” (Opinion, May 2). Let us make clear what we are and are not saying. Tariff reduction

Efforts to deter migrants from crossing the English Channel through the threat of deportation may not be having the intended effect (Report, May 3), according to the latest figures. Whatever the outcomes of the new nationality and borders bill, we must remind ourselves that we are concerned with human lives and not statistics or political

Northvolt and Norsk Hydro will take their battery recycling joint venture to continental Europe later this year after the Swedish start-up and Norwegian aluminium producer opened their first plant in Norway. Hydrovolt has just started commercial operations for what is Europe’s largest battery recycling plant in the southern Norwegian town of Fredrikstad. The facility can

The first time Valentina De Santis set foot on the premises of Villa Passalacqua, she assumed it would also be her last. It was October 2018: the three-storey, 18th-century villa in the tiny Lake Como town of Moltrasio was being sold at auction, and De Santis and her father – the only bidders to appear in person – had

Emails from the archive of Rutherford Hall, critical communications strategist From: rutherford@monkwellstrategy Dear Oleg If only you had come to us sooner. At Monkwell, we offered a complete package — the oligarch special — perfectly tailored to your needs. A membership of Quintessentially, dinners with cabinet ministers, a hotline to Carter-Ruck and even a pathway

A Beijing school affiliated with the 450-year-old English public school Harrow has been forced to drop its famous brand name as part of a broad tightening of controls on education providers in China. Harrow Beijing has told parents that the bilingual school will in the future be known by the name Lide. A Harrow representative

Nicky Morgan’s plea (Opinion, April 30) for employment reform in parliament should start by making MPs and ministers employees of the state just as civil servants are, and by applying the same strict ban on having other jobs, accepting gifts from lobbyists, hiring unqualified members of their own families, or claiming expenses unconnected with their

UK employers with gaps in their workforce increasingly plan to train existing staff rather than raise wages to lure new recruits, according to a survey that suggests pay pressures may be easing. About two-thirds of employers expect to have difficulties filling vacancies over the next six months, and one-third expect these difficulties to be severe,

If nothing else, the metaverse is already creating job for futurologists to pontificate on how consumers will behave when we spend every waking hour strapped into VR headsets. For those in search of an insight into how we will dress in cyberspace, look no further than Screenwear, a paper from Vice Media’s creative agency Virtue

This article, picked by a teacher with suggested questions, is part of the Financial Times free schools access programme. Details/registration here. Specification: Climate change, ELSS Click to view the article below and then answer the questions: Climate graphic of the week: Record carbon dioxide levels alarm scientists Describe the trend of the graph showing atmospheric carbon

Asia’s richest man Gautam Adani has struck a deal with Swiss cement giant Holcim to acquire its Indian businesses for $10.5bn in cash, his biggest acquisition to date. The Adani Group, a coal-to-ports conglomerate, will acquire Holcim’s controlling 63.2 per cent stake in Ambuja Cement and its 54.5 per cent stake in ACC. Holcim said

The greatest week of Michelle O’Neill’s political career should have culminated in her appointment on Friday as first minister of Northern Ireland, crowning the nationalist Sinn Féin party’s triumph in becoming the region’s biggest for the first time. Instead, she will have to wait. Election runner-up the Democratic Unionist party has put forming a new

The writer is author of ‘You’re the Business: How to build a successful career when you strike out alone’ When Emma Chieppor, 25, started a new job as an actuary, she struggled with using Excel. Working remotely from her home in Pittsburgh, Pennsylvania, she ended up teaching herself using YouTube videos. Once she had mastered

Goldman Sachs has told its most senior bankers they will be allowed to take as much holiday as they want so they can “rest and recharge”.  Under a new “flexible vacation” scheme introduced from May 1, partners and managing directors will be free to “take time off when needed without a fixed vacation day entitlement”,

Goldman Sachs and Barclays have invested in Elwood Technologies, the cryptocurrency trading platform founded by British hedge fund billionaire Alan Howard, in a fresh bet on the mainstream adoption of digital assets. The two banks invested alongside venture capitalists Dawn Capital and the venture divisions of German lender Commerzbank and Galaxy Digital, US billionaire Mike

The writer, an MP, chairs the All Party Parliamentary Group on Anti-Corruption and Responsible Tax For too long the UK has been a “laundromat” for corrupt wealth. The ongoing Ukraine tragedy highlights our complicity in allowing dirty money to spread. But it should not have taken a horrific war. These deep-rooted problems became clear to

Flush with tax revenue from tech executives and other wealthy citizens, California’s budget surplus is expected to reach nearly $100bn, providing an election-year boon to the state’s Democratic governor, Gavin Newsom. Newsom, who campaigned four years ago as the leader of a national resistance to then-president Donald Trump, declared on Friday that the surplus was “simply

German foreign minister Annalena Baerbock said the G7 group of industrialised nations was urgently seeking alternative routes for the export of Ukrainian grain as Russia’s war against its western neighbour raised the risk of a global “hunger crisis”. Speaking at the conclusion of a three-day meeting of G7 foreign ministers in Germany, Baerbock said some

Finland’s president has told Vladimir Putin of the Nordic country’s plans to apply for Nato membership as a top Turkish aide downplayed fears that Ankara could torpedo its bid. Sauli Niinistö called Putin on Saturday to explain how Russia’s demand in late 2021 that Finland and Sweden not apply for Nato membership followed by its