Thames Water creditors plan board shake-up if utility avoids nationalisation
Move aims to reassure government there would be a change of leadership under their ownership
Are graduates prepared for the AI era? FT Working It
How AI is changing university graduates' pathways to lucrative careers
FTAV’s further reading
Debt/equity; census; Strategy; AI; peptides; dead link
Warsh seeks to soothe investors’ nerves as signs of economic strain mount
Economists criticise Fed chair’s communication strategy as policymakers prepare to gather at Jackson Hole symposium
The great re-equitisation and the dollar
Plus, weathernomics
FirstFT: Europe trails as AI drives US investment
Also in this newsletter: UK pledge to Ukraine and German public-private partnerships
European allies flock to Kyiv to pledge more defences against Russian bombardment
Also in this newsletter: An outburst of gun violence in the EU’s capital
Shein seeks $27bn valuation from Hong Kong IPO
Market capitalisation is nearly three quarters below its peak after fast-fashion retailer’s attempts to list in New York and London failed
KPMG Australia cuts hundreds of workers and partner pay after audit scandal
Big Four firm to let go of 5% of country staff and reduce compensation by 13% as consulting revenue tanks
Analysts’ views: forecasters continue to see Fed and Bank of England on hold this year
Fed and BoE will remain on hold, with rate rises from ECB and Bank of Japan to come this year, according to our August survey
Singapore offers parents $55,000 in battle to boost birth rates
City-state is on course to become a ‘super-aged’ society this year
Transcript: Warsh heads to Jackson Hole as economic worries mount
Victoria Craig talks to Claire Jones and Lee Harris
UK statistics agency turns to AI to cut costs and improve data
ONS says technology will help save thousands of hours a year as it seeks to strengthen core output
Does AI belong on your face?
Big Tech thinks wearables are the gateway to artificial intelligence. Critics call it cringe stalkerware
Saudi Arabia holds talks over state-backed war insurance as costs jump
Insurers have raised prices or restricted coverage for ships and other firms in the region owing to Iran conflict and Houthi attacks
Shell draws Exxon interest in $8bn US chemical assets sale
US supermajor and LyondellBasell among suitors as UK group looks to shed underperforming plants and refocus on oil and gas
A ‘democratised’ financial crisis is still a crisis
Private credit’s insurance boom could have hidden costs
A Beautiful Obsession — a strikingly raw account of Pep Guardiola’s Man City
In an age of hagiographic sports documentaries, Kevin Macdonald’s Prime Video series offers a refreshingly unfiltered view of the manager’s final seasons
Climate is driving new geostrategy
Environmental changes are reshaping trade, commerce, logistics and geopolitics
Black September by Sandro Veronesi — a boy’s own story
The multi-award-winning Italian writer turns memory into drama in this warm, teasing account of an early-1970s adolescence
Where Venice Film Festival insiders go after the credits roll
Veterans of one of cinema’s most glamorous gatherings share their favourite places in La Serenissima
Hanneli Rupert, the Richemont scion building a Davos for craft
Meet the woman turning Homo Faber into a design powerhouse
UBS concern over private markets push by manager of $1bn sustainable finance fund
Ties between Swiss bank and Record soured but UK partner remains as manager, according to insiders
My summer without running water
Drought and heatwaves have played a part in shortages but the main culprit is years of under-investment in the water industry after privatisation