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Business
FirstFT: Defence groups set to rake in record cash as military spending soars
Good morning. We start the week with updates on hostilities in the Middle East and Ukraine, including a visual deep dive into Ukraine’s Kursk incursion.The conflicts have led to a…
SocGen’s Slawomir Krupa struggles to turn tide as investors snub lacklustre reset
The night before Société Générale’s chief executive Slawomir Krupa was due to lay out his strategy for the French bank last September, he warned his board to brace themselves for a…
NatWest’s change of guard: a new era or more of the same?
NatWest chief executive Paul Thwaite has spent most of his career at the high street bank. It is one of the few things he has in common with his predecessor, Dame Alison Rose, who…
Top private equity firms put brakes on China dealmaking
Most of the world’s biggest private equity firms, including Blackstone, KKR and Carlyle, have put the brakes on deals in China this year as geopolitical tensions rise and Beijing…
UK ‘altnets’ raise fresh funding as finance deals heat up
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Alternative network providers Fibrus and Community Fibre…
Fed's actions spoke louder than words to markets in fight against inflation, research finds
The credibility of the Federal Reserve helped financial markets in the central bank's multiyear battle against inflation, but it had to back up its verbal promises to restore…
Musk's SpaceX to help return astronauts despite federal investigations of billionaire's businesses
Elon Musk's SpaceX is answering the call to help NASA rescue stranded astronauts from the International Space Station despite the federal government's investigations of the…
Private astronauts in space and Nvidia reports Q2 earnings
Hello and welcome to the working week.One event worth keeping an eye on is set to happen high above our heads on Tuesday when the Polaris Dawn space mission is set to launch with…
Babe Ruth 'called shot' jersey sells for more than $24 million at auction
Babe Ruth’s "called shot" lives as one of the most famous moments in the lengthy history of Major League Baseball and the jersey from the achievement shattered a record.…
San Francisco officials weigh in on departure of Musk's X: 'Good riddance'
X owner Elon Musk's plan to move the social media platform's headquarters out of San Francisco has some city officials eager to bid farewell to the billionaire's business. "I…