UK energy groups ask for government ‘bad bank’ to weather gas crisis

The UK’s largest energy groups are requesting a multibillion-pound emergency package from the government to help them survive the crisis sparked by high gas prices, including the creation of a…

Australia and France intensify war of words over cancelled submarine deal

Geopolitics updates Sign up to myFT Daily Digest to be the first to know about Geopolitics news. Australia’s prime minister Scott Morrison defended his decision to renege on a submarine…

At the UN, Biden should champion a new people-centred global order

US foreign policy updates Sign up to myFT Daily Digest to be the first to know about US foreign policy news. The writer is an FT contributing editor and author…

Forget the ‘she-cession’ — women will redefine the labour market

Employment updates Sign up to myFT Daily Digest to be the first to know about Employment news. Are we moving towards the feminisation of work? And could this lead to…

Energy prices will push up inflation across Europe, economists warn

Newsletter: Europe Express Your essential guide to what matters in Europe today. Delivered every weekday. Soaring energy prices will push up broader inflation across Europe this year, hurting consumers and…

Universal Music: how much is the world’s biggest label worth?

When Vivendi rejected an $8.5bn offer from SoftBank to buy Universal Music Group in 2013, industry analysts and executives were baffled.  The French group turned down a price that was…

US stock market rally bolsters state pension plans

Pensions industry updates Sign up to myFT Daily Digest to be the first to know about Pensions industry news. A record-breaking rally for US stocks has powered the strongest annual…

Federal Reserve expected to offer clues on stimulus taper timeline

Federal Reserve updates Sign up to myFT Daily Digest to be the first to know about Federal Reserve news. Federal Reserve officials are expected to next week send a clearer…

Murdoch set up TV station because he ‘wanted something to watch’

Like many people in the UK and around the world, Rupert Murdoch has been watching more television than usual. Like some viewers, he has been unhappy with the channels on…

French rage triggered by exclusion from Indo-Pacific deal

When Antony Blinken came to Paris on June 25, French leaders told the US secretary of state that France attached the “utmost importance” to its strategic submarine deal with Australia…