FirstFT: The world’s largest sovereign restructuring
Also in today’s newsletter, US-Iran hotline and Germany’s warship fiasco
Also in today’s newsletter, US-Iran hotline and Germany’s warship fiasco
Read the June forecast from the FT’s Monetary Policy Radar team
Venezuela is set to reveal a $240bn debt pile, much higher than previously thought
Sonja Hutson talks to James Fontanella-Khan and Kate Duguid
Three unions say more than 1,000 people have signed up to stage a walkout on hottest day of year with a high of 39C forecast
Political inaction in the battle against climate change is costly and getting costlier
Likely next prime minister has signalled he wants to draw on Manchester example and shift power away from Westminster
Forging alliances with China would help the struggling sector offload some of its bloated costs. It may be the pick of a bad bunch
Prime Minister Sheikh Mohammed says Gulf state will resume normal LNG production within weeks
The decline in privately educated pupils has not been as big as many — including me — anticipated
On the eve of its 250th birthday, America and the world order it created are in crisis
The risks of decisions in Westminster are overplayed compared with global turmoil
Caracas to disclose it has much more borrowing than expected after overthrow of Maduro
What 10 years covering the Manchester mayor’s many reinventions taught me about the man who wants to lead Britain
In a world of untested treatments, disputed policies and untried inventions, it can’t be hard to remember why evidence is so important
Ontario-born chef Jonny Lake, of the two-Michelin-star Trivet restaurant in Bermondsey, shares his take on the country’s national treat
President-elect Abelardo de la Espriella wants to take a chainsaw to the state and build mega-prisons in the Amazon
As heatwave intensifies, far-right champions air conditioning while the left calls for renovations and green spaces
One of UK’s biggest private schemes wrote off stake in beleaguered utility in 2024
The lender’s Swiss unit is under formal investigation over whether it helped Riad Salame embezzle funds
Critics dub Aliko Dangote a crony capitalist. He says he is pioneering Asian-style economic development
Classic, contemporary, graphic, sleek – there’s a timepiece for every wrist
Does a Sotheby’s sale of works amassed by billionaire Joe Lewis and his daughter Vivienne signal the top of the market?
Investments create benefits but also lead to higher costs and risk of inequality