News

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

“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

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,

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

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

Memories of Britain’s 1982 war with Argentina over the Falkland Islands may have faded in London but the wounds in Buenos Aires remain fresh: an image of the islands in the blue and white of the Argentine flag was beamed on to the national congress building on the 40th anniversary this month of the military

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,

A defiant Boris Johnson will on Tuesday face MPs for the first time since being fined over the “partygate” affair, with allies privately criticising the Metropolitan Police’s handling of the issue. The UK prime minister will apologise to MPs but will insist that he was not aware he was breaking his own Covid-19 lockdown rules;

Officials in Lviv said seven people were killed in Russian missile strikes on the city in western Ukraine on Monday as Moscow’s brutal siege of Mariupol in the country’s south-east appeared to be entering its final stages. Andriy Sadovyy, Lviv’s mayor, reported “five targeted missile strikes” on the city, a haven for people fleeing violence in

Companies owned by rightwing conspiracy theorist Alex Jones have filed for bankruptcy after being hit by defamation lawsuits over Jones’s claims that the Sandy Hook school shooting was a hoax. Three companies, including Jones’s InfoWars media outlet, filed for Chapter 11 protection in Southern Texas on Sunday. InfoWars, which has been widely criticised for promoting