Not many central bankers get to be remembered as being truly great. You rarely see statues paying tribute to deft monetary policy. If the world rapidly manages to escape its current high-inflation, low-growth rut, the leaders of central banks in the UK, US and EU will certainly have earned some recognition. For now, that seems

KPMG has ditched struggling German real estate giant Adler as an audit client less than an hour after the company told investors it was in “very professional discussions” with the Big Four firm and wanted to keep it as its auditor. In late February, KPMG refused to sign off Adler’s 2021 financial report, saying it had

If BP is a cash machine, as it has claimed, Saudi Aramco is a high-capacity printer of banknotes. First-quarter net income rose 82 per cent to $39.5bn from a year earlier, the group said on Sunday. Rampant energy prices mean the business is the world’s most valuable company as well as its biggest oil producer.

This article is part of the Financial Times free schools access programme. Details/registration here. Social media video platforms should step up safeguards for their teenage users, enforce age limits and increase monitoring against harmful content to make them kinder, safer places for young people, students say. Ellie Hattam, one of the winners of a joint competition

In his general election campaign of 2019, Boris Johnson promised the country that he would “get Brexit done”. He has failed. Once again he is planning a law to allow him to repudiate parts of the UK’s Brexit deal on Northern Ireland, on which he campaigned. This would destroy the UK’s reputation for keeping its

Elon Musk displays an almost anarchic disregard for the rigid rules and regulations that bind other business leaders of his stature. The Tesla boss, who has clashed with regulators before, has come under scrutiny for recent tweets about his proposed acquisition of Twitter. These had the effect of moving the markets to his advantage by

Moscow said an agreement had been reached to evacuate wounded Ukrainian fighters from the Azovstal steel mill in Mariupol, the besieged Ukrainian port town. “On May 16, as a result of talks with representatives of the Ukrainian military blocked on the territory of the Azovstal metallurgical plant in Mariupol, an agreement was reached on the

Whatever Russia does in Ukraine, the China threat is still Joe Biden’s priority — he has made that plain. What he is reluctant to broadcast, however, is that America is approaching the China duel with one arm tied behind its back. The US is happy to boost its military budget, send more ships to the

Russia will probably be permanently shut out of the global energy market once Europe weans itself off the country’s oil and gas, according to executives of energy producers Chevron and Woodside Petroleum, in a boost for rivals in the US and Australia. European nations are seeking new sources of oil and gas after Russian president

I was only a few hours into my stay at Suite Dior 30 Montaigne, the ultra-exclusive new accommodation located in the French house’s historic headquarters, when I realised I could abandon the habit of picking up after myself. When I left a room for a short amount of time, anything left askew was snappily rearranged. The handbag

Elon Musk said his agreed $44bn purchase of Twitter “cannot move forward” until the social media platform provides proof over the number of fake accounts, just hours after he warned the takeover might fall through. On Tuesday morning, Musk hit out again at Twitter chief executive Parag Agrawal for refusing to provide proof over the

Landsec, one of the UK’s largest listed landlords, has swung back to profitability, reversing some of the losses incurred during the pandemic as people gradually return to high streets and offices. The FTSE 100 company posted pre-tax profits of £875mn for the 12 months to the end of March, swinging from a £1.4bn loss the

If Japanese prime minister Fumio Kishida is to succeed in his aim of awakening the “animal spirits” of capitalism in his country, then the local start-up scene will be one place to look for evidence. The scene is so under-developed that even Masayoshi Son, SoftBank’s Tokyo-based founder and the world’s largest tech investor, has largely

I am a British expat living in Spain considering sending my child to school in the UK. I’m aware that an unintended consequence of this can be an unwanted change in my tax residence status. What can you tell me about this? Annie Bouch, associate in the tax and wealth planning team at law firm

Boeing’s decision to transplant its corporate headquarters from Chicago to Arlington, Virginia should have signalled a new chapter in the industrial giant’s history. Instead, the move has drawn criticism for taking management further from the company’s spiritual home, the commercial aircraft factories of Seattle, and closer to its defence operations. Unions and industry experts have

We and the Iranian people are still paying a high price for the 1953 coup that replaced Mohammad Mossadegh, the widely popular prime minister of Iran, with the autocratic rule of the Shah. That coup, organised by the CIA with Britain’s enthusiastic assistance, eventually led to the Islamic Revolution of 1979 and everything that flowed

John Plender (The Long View, May 7) is not alone in believing that “the rate of interest”, as measured by bond yields and the central bank rate, defines monetary policy. But the Federal Reserve’s actions on interest rates cannot explain the current inflation surge. The federal funds rate was lowered from a bit above 1.5

Archer Daniels Midland is partnering with a lab-grown meat start-up as the US agricultural trader expands its alternative protein business, further diversifying the company beyond trading and processing agricultural commodities. The Chicago-headquartered group has entered into a joint development agreement with California-based Eat Just, which became the world’s first lab-grown meat maker to receive regulatory

It was impressive timing. Just five weeks after Treasury minister John Glen stood up and made an unexpected pitch for the UK to be “the very best place in the world to start and scale crypto-companies”, the crypto markets have experienced a disorderly collapse that has prompted questions about the entire endeavour. First, a huge

In the early 1980s, a young man became so obsessed with Hollywood actress Jodie Foster after seeing her in the film Taxi Driver that he attempted to assassinate US president Ronald Reagan in a bid to gain her attention. His many handwritten letters to her went unanswered and he didn’t stop hounding her until he had been