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Senior US officials will this week be forced to defend Joe Biden’s record on combating climate change after a string of setbacks has thwarted the president’s sweeping agenda. On Monday, a US official told reporters: “The press and the pundits may like to declare President Biden’s climate agenda dead, but this week we will show

Last week, Bank of England researchers published a blog outlining a new study into the predictability of exchange rates. They stumbled over a simple strategy that appears to churn out results that would be the envy of any hedge fund trader. It’s simple: buy currencies against the dollar which attract little interest in options markets,

Your browser does not support playing this file but you can still download the MP3 file to play locally. Bank of America gave a bullish revenue outlook as the second-largest US lender reported better than expected earnings, and Mexico’s opposition politicians helped defeat a radical energy reform bill backed by President López Obrador. Plus, the

One podcast to start: A year after the collapse of Greensill Capital, DD’s Rob Smith and the FT’s Marc Filippino look back on how a slick pitch bamboozled investors and landed Britain’s former prime minister David Cameron in hot water. Listen to Monday’s episode of the FT News Briefing on Apple Podcasts, Spotify, FT.com or

In early 2020, British oncologist Dr Sheeba Irshad was preparing to start a trial of three new treatments for patients with an aggressive form of breast cancer. Then Covid-19 derailed years of planning. Only three of the study’s nine prospective sites have since resumed recruitment. The remainder have faced staff shortages as hard-pressed teams in

Elon Musk is the living embodiment of a Twitter feed — a rapid-fire mix of jokes, arguments and ideas. Chaos is part of the appeal. Trying to apply financial norms to his proposed takeover of Twitter is pointless. In two weeks Musk has disclosed a major stake in Twitter, agreed to join its board, reversed

The UK government’s top law officer should have a better idea by the end of next month of the extent of the problems at the Serious Fraud Office that led to the quashing of two convictions in one of the agency’s biggest corruption cases. Attorney-general Suella Braverman is due to receive the results of a

Binance is a curious company. Founded in China and registered in the Cayman Islands, it is by far the world’s largest platform for cryptocurrency trades. It also has no official headquarters and operates outside regulatory control. That may not stop spin-off Binance.US from targeting public markets, after it raised funding at a $4.5bn valuation this

Passive funds are set to become investors of last resort in UK fossil fuel companies, a trend that could create stewardship “inertia” and threaten the climate transition, a think-tank has claimed. Common Wealth argued that passive, index-tracking funds should bolster their stewardship activities to help support the transition to a decarbonised economy as they become

While the UK government launches a search for Brexit opportunities, one group has already discovered them: Dutch warehouse owners. An influx of British-based companies to the Netherlands has swelled as they struggle with the disruption of a customs border across the North Sea. More than 90 investors have built or rented distribution space since 2017,

“Modernise or decline”. A service under threat from “the explosion of digital media”. A company in need of “commercial confidence, capital and corporate experience”. Those were warnings not about Channel 4, though they chime with the tone of last year’s not exactly open-minded consultation about its future. They were instead made almost 14 years ago

DIOSynVax, a UK start-up founded by a vet-turned-vaccinologist, is hoping genetic sequences of viruses discovered in animal faeces will give vital clues for creating a vaccine to help prevent future pandemics. The Cambridge university spinout is working on two vaccines that it believes will outlive the current crop of Covid-19 jabs, including the one created

Rugby union’s governing body is considering external investment to fund the sport’s growth in the US ahead of the men’s and women’s World Cups in the early 2030s. World Rugby is set to confirm next month that the US will host the men’s tournament in 2031 and the women’s in 2033, having entered exclusive negotiations

When Rachel* got Covid, her employer expected her to carry on working remotely rather than take a sick day. “I was very, very tired,” she says. “[It] was very difficult to focus.” The special needs teacher based in the south-east of England delivered her lessons from home to pupils in the classroom, helped by a

Korean Air’s chief executive has urged South Korean authorities to lift pandemic restrictions on air passengers, warning the country was opening “too slowly” to beat regional rivals in the race to capture pent-up demand. Walter Cho, chief executive and scion of the controlling family of the airline’s parent Hanjin Group, said bookings were full for

By Marta Bausells They had me at “Somewhere in northern Italy”. The phrase is scribbled over the opening shots of Call Me by Your Name: the protagonist Elio, played by Timothée Chalamet (pictured, above), pulling on a T-shirt as he looks out the window of the house of my dreams, watching Oliver (Armie Hammer), the

Professor Nick Bosanquet and Andrew Haldenby vividly highlight the impending emergency in world food stocks and the urgent need to increase arable planting (“Act now on food stocks to avert famine”, Letters, April 12). This is a need we in the UK are disregarding. The land in south Lincolnshire and much of East Anglia is

There has been hardly a better place to live through the Covid-19 pandemic than in Taiwan. With strict border controls, meticulous tracking and tracing and almost universal use of face masks, the country recorded among the lowest infection and death rates in the world, and achieved that even without lockdowns. However, that recipe for success

China’s economy grew faster than expected in the first quarter but official data revealed a recent contraction in consumer activity as lockdown measures to counter the spread of Covid-19 weighed on the country’s outlook. China’s gross domestic product rose 4.8 per cent compared with the same period a year earlier, after expanding by 4 per

The writer is head of the centre for financial crime and security studies at the Royal United Services Institute think-tank As the Russian war in Ukraine grinds through its second month, Britain’s foreign secretary faces a looming challenge in applying financial pressure on Moscow. Since the UK has already used its most powerful sanctions tools,

Bank of America gave a bullish revenue outlook as the second-largest US lender reported better than expected earnings and brushed off recession concerns heightened by the war in Ukraine. The Charlotte, North Carolina-based bank expects net interest income, a closely watched metric that measures the profitability of a bank’s deposits, to jump about 20 per