11:00
4 mins read
Why AI won’t kill the creative class
Used right, the technology can unleash human creativity rather than destroy it
The writer is a professor at Vanderbilt University, a fellow of the Kresge Found...
10:59
3 mins read
A tale of two possums
In Australia the marsupials are treated with reverence, while in New Zealand they are being turned into ponchos
When I was eight years old my father called me...
10:59
4 mins read
Britain, Brexit and the cat-flap option
The political, strategic and economic momentum for a reversal of Brexit is growing
“Come all the way back.” That was Roland Lescure, France’s finance minister,...
05:30
5 mins read
Is the US economy as narrow as its stock market?
No*
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard...
04:00
4 mins read
There is a smarter way to tax the rich
Increasing US corporate tax raises government revenues without harming the tax base
The writer is the Eric M Zolt professor of tax law and policy at the UCLA S...
04:00
4 mins read
The huge lurking leverage of AI hyperscalers
While equity investors look to sunny futures, creditors are scrutinising liabilities like leases on data centres
The writer is a bond portfolio manager at Bark...
00:00
4 mins read
Europe can fight the ‘China shock’
But it requires Brussels to prioritise creative destruction over protectionism
This article is an on-site version of the Free Lunch newsletter. Premium subscri...
00:00
3 mins read
The collective global duty to safeguard time
World powers need to agree on standardisation crucial for infrastructure and space travel
Who should decide what time it is on the Moon? That is the question f...
23:01
4 mins read
How to pay for social care
Automatic enrolment worked for pensions — a similar scheme could pool the risk of heavy costs from illness and infirmity in later life
The writer is a partner...
15:13
4 mins read
Foreign policy matters — and the Democrats need one
Trump’s approach to the world has left Republicans floundering as the midterms approach. Liberals should plan their own strategy now
Foreign policy issues aren...
00:00
4 mins read
The world of one trade — AI
Investor portfolios have become alarmingly reliant on the fortunes of just one bet on the build-out of an uncertain technology
AI was the hot new investment th...
00:00
2 mins read
Chart of the Week: The US productivity-pay gap
Workers’ share of output is shrinking
This article is an on-site version of our Unhedged: Chart of the Week newsletter. You sign up here to get the newsletter...
00:00
4 mins read
The problem with your AI therapist
Millions are turning to chatbots for help with mental health but a technology that can’t go beyond words won’t heal them
You may have noticed some intriguing n...
00:00
3 mins read
What if AI prefers CVs written by AI?
The signs are that it does and one law firm’s experience is revealing
Earlier this year, in the depths of summer, the Addleshaw Goddard law firm found itself i...
00:00
3 mins read
Why are our children not flourishing at school?
AI is detonating the tired system of factory education that has predominated since the last century
The writer, an educationalist and author, is founding direc...
00:00
4 mins read
Democrats need a foreign policy
Trump’s approach to the world has left Republicans floundering as the midterms approach. Liberals should plan their own strategy now
Foreign policy issues aren...
00:00
2 mins read
Academic publishing is a study in fighting AI slop
Original thought, especially in the humanities, is more likely to remain the preserve of humans
Enshittification — the phenomenon of companies degrading their...
00:00
4 mins read
Left-of-Labour vote stagnates in Holborn and St Pancras
By-election defeat is setback for Greens as party fails to make sizeable gains on its May local election results
This article is an on-site version of our Insi...
00:00
4 mins read
Is my dog a racist?
Labradors were recently singled out as belonging to a nostalgic ‘far-right fantasy’. But all owners need to be vigilant
It’s a worry, isn’t it? You thought you...
00:00
5 mins read
High earners are right to wail about childcare costs
Calls to remove the £100,000 earnings limit on childcare benefits show how broken our tax system really is
Giving childcare benefits to people earning six-figu...
00:00
5 mins read
How to shield your portfolio if AI goes ka-boom
If you still wanted to own stocks, it used to be impossible to avoid the fallout. Not any more
You may have a different view of the world from me — and the cha...
00:00
4 mins read
A very German spy scandal
The latest example of the genre involves a retired 80-year-old top spook and the foreign intelligence agency’s chief of staff
The writer directs the Center on...
00:00
3 mins read
Trump and Hegseth’s execution-type deal
The decision to livestream the execution of Nidal Malik Hasan is a sign of profound moral decay
A raucous crowd of 20,000 gathered in Owensboro, Kentucky in 19...
00:00
2 mins read
Slowing deals are another flashing red sign for equity markets
Some deals will still squeak through, but appetite for risk has been hit by rising yields and AI jitters
Think of it as a bull market with no horns. Earlier th...
00:00
5 mins read
‘The whole operation was a bloody shambles’ — Jay Rayner reviews RH London, Mayfair
Warm water, missing dishes and interminable waits: our critic found little luxury in a spectacular Mayfair dining room
If you should ever have a total lapse of...
00:00
3 mins read
Our 1990s nostalgia is far too rose-tinted
It’s flattering to believe your generation could have been effortlessly cool. Spoiler alert: most of us were not
The writer is an academic, critic and broadcas...
00:00
2 mins read
Why OpenAI’s revenue numbers really matter
Vague figures may lay the groundwork for inflated valuations when much-hyped companies finally go public
OpenAI claimed this week that it had solved hundreds o...
00:00
2 mins read
Caribbean cruises are going cheap, and so are operators’ shares
Cut-price holidays reflect capacity outpacing demand
Who wouldn’t dream of wintering in the Caribbean, especially as the northern hemisphere gets chilly? But t...
00:00
4 mins read
Get used to multi-party politics, it’s here to stay
The prime minister’s promise on electoral reform could entrench the complex fights between five, even six parties
The writer is Professor of Democratic Politic...
00:00
3 mins read
Don’t panic about the plague
While the chances of a lab accident triggering an epidemic are virtually zero, the disease remains an active threat in many parts of the world
The writer is a...
00:00
7 mins read
Hannah Arendt and why friendship matters more than truth
In a polarised age, the political theorist’s notion of civic fellowship is essential
In January 1946, Hannah Arendt received a furious letter from her friend G...
00:00
4 mins read
The danger of pessimism fatigue
Too many have cried wolf about too many things and the public is now perilously nonchalant
Dinner at Legado. It has been open for more than a year, so should b...
00:00
4 mins read
Are you stuck in linguistic limbo?
For the jargon of a digitally minded profession, journalese is still strangely anchored in the past
This week I received a glossary of terms from the managing...
00:00
8 mins read
Whatever happened to big, boozy wine?
For decades, wines grew more potent as hotter summers met a taste for strong, ripe flavours. Now drinkers want freshness without sacrificing character — and win...
00:00
4 mins read
The narrow Tory path to power
We are now going to see a fight to the death on the right — which the Conservatives may yet lose
First, get a hearing. Since the Conservatives lost the general...
00:00
4 mins read
There’s nothing wrong with being a food snob
I’ll eat cheap white bread, greasy-spoon sausages and microwave-baked potatoes. But caring about provenance, quality and how our food is produced shouldn’t be d...
00:00
4 mins read
The wisdom of prediction markets
Trades can contain valuable cues for businesspeople and investors
The writer is head of consilient research at Counterpoint Global, Morgan Stanley Investment M...
00:00
3 mins read
The remarkable resilience of the global economy
The surprising robustness of growth and trade rests on shaky foundations
The global economic backdrop does not look pretty. Even though US courts have curbed m...
00:00
2 mins read
A Starbucks-Chipotle merger offers the wrong kind of synergy
The overlap between the two brands is unlikely to be enough to justify a takeover premium
Putting the band back together is surely a great feeling, but a dubio...
00:00
4 mins read
Irate farmers should not limit the EU’s geopolitical ambitions
Resistance to Ukraine’s agricultural exports is undermining the bloc’s influence
If the EU wants to get geopolitical, Ukraine is its chance to prove it. A Euro...
00:00
8 mins read
France’s far right goes woke. Or is it neoliberal?
Marine Le Pen gives a cognitive dissonance-inducing economic speech
This article is an on-site version of the Free Lunch newsletter. Premium subscribers can si...
00:00
4 mins read
Badenoch’s punchy plan to reunite the right
It was just a speech, but the Tory leader’s rejection of Reform reveals a new and determined strategy
Tough on Reform. Tough on the causes of Reform. After two...
00:00
3 mins read
Cyber war won’t be the same in the age of AI
The old Russian maskirovka doctrine doesn’t apply when non-human agents create uncertainty for both attackers and defenders
The writer is the author of Full St...
00:00
3 mins read
The UK cannot afford to waste its DeepMind dividend
A shortage of domestic capital and the lure of the US threaten the benefits of Britain’s biggest AI research success
Bizarrely, one of the most energising thin...
00:00
3 mins read
Repeated US Treasury interventions risk an erosion of credibility
A key policy tool to stabilise stress in markets could turn into a source of moral hazard and deeper volatility
The writer is the Rene M Kern professor of prac...
00:00
3 mins read
The energy crisis is changing what investors want from oil majors
Iran conflict has snarled up usually free-flowing energy markets
The immense dislocations wrought on markets by war in Iran have created opportunities for ener...
00:00
2 mins read
Boots buyout proves old age can be an asset on the UK high street
A pivot to beauty products has helped. Its next opportunity may lie in offering more services, such as in-store health checks
By all rights, Boots should no lo...
00:00
3 mins read
Setting up an African rating agency is the easy part
Governments should devote more effort to improving the investment climate itself
This week, with some fanfare, the African Union launched the Africa Credit Rat...
00:00
5 mins read
Hedge funds as systemic risks
And another word on inflation-linked bonds
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsl...
00:00
4 mins read
Five ways to tell if market trouble lies ahead
The cost of credit default swaps for AI companies looking to borrow is rising
Two decades ago, I discovered the signalling power of credit default swaps. When...
00:00
4 mins read
Big Tech sets out its pitches on AI agents
Race to develop new services has moved into high gear with a series of launches
In the years before the iPhone, there was general agreement in the tech world t...
00:00
4 mins read
F1 is shifting away from Europe. Can Britain keep what’s left?
Fans mourn the loss of historic races, but they are looking at the wrong map. The one that matters shows a strip of English countryside that Britain takes dange...
00:00
2 mins read
Why bank stocks are falling despite surging interest rates
If funding costs rise, the expanding profit margins banks have enjoyed may start to reverse
Rising interest rates can be either good or bad for banks. More oft...
00:00
2 mins read
Why Starbucks and Chipotle really don’t belong together
The overlap between the two brands is unlikely to be enough to justify a takeover premium
Putting the band back together is surely a great feeling, but a dubio...
00:00
4 mins read
Could The Celebrity Traitors tempt workers back to the office?
The ‘unhinged uncle’ energy of actor Richard E Grant may yet achieve what free coffee and other perks have not
It’s autumn: the time for coats and curling leav...
00:00
6 mins read
Daisies to light up an October garden
A Malvern garden is inspiration for the autumnal brightness of asters — but watch out for mildew, slugs and overcrowding
During the persistent heat and drought...
00:00
4 mins read
Some much-needed American optimism on Europe
Siloed national markets, anti-competitive culture and low investment have stunted growth — but the opportunity is there
Even casual observers of equity markets...
00:00
3 mins read
AI agents could cost banks $500bn — by winning savers better rates
But banks will gain from AI as well as lose
It is a fact of banking that the less you care, the more your bank earns. Lenders make a handsome profit by taking...
00:00
3 mins read
Five things Kemi Badenoch must do to win
While Tory leader’s popularity is clear, she must still neutralise areas of weakness and move closer to the Labour government
This article is an on-site versio...
00:00
4 mins read
What is the real price of oil any more?
Crude futures are no longer a reliable guide to the inflationary impact of fuel prices
The writer is director of market intelligence and co-founder at Energy A...
00:00
4 mins read
Kemi Badenoch’s European nightmare
The biggest threat to this potential prime minister is that she defends an unpopular hard Brexit
A while ago, this column advised readers to bet on the Conserv...
00:00
3 mins read
Italy’s wine harvest is creeping ever earlier
Extreme heatwaves are burning grapes, accelerating the annual vendemmia
Before setting out for my first day of grape-picking I smothered myself in sun cream an...
00:00
4 mins read
We need a US debt conversation — will the Republicans have one?
Borrowing heavily to finance tax cuts for the wealthy leaves us less prepared for emergencies when they come
The writer represents Pennsylvania’s second congre...
00:00
2 mins read
Sleepy European telcos turn to data centre craze
With data centres, companies in the sector may finally be on to happier hunting grounds
European telecoms groups have scant access to exciting investment trend...
00:00
3 mins read
The important judgments for Healey in the coming Budget
No fancy equations or AI models will illuminate the right path for the chancellor
At a time of geopolitical tension and bond market volatility, the UK’s econom...
00:00
4 mins read
What is the real price of oil?
Crude futures are no longer a reliable guide to the inflationary impact of fuel prices
The writer is director of market intelligence and co-founder at Energy A...
00:00
4 mins read
Retirement flats have been a miserable investment
To assess value sensibly, the purchaser has to balance initial, recurring and final costs against unpredictable longevity — this is difficult to do
An apartmen...
00:00
4 mins read
The race for Britain’s car market is wide open — for now
All manner of trade barriers loom
Picture some cars racing to win a trophy: the British market. The stakes are high. Ranked by value, Britain is the third larg...
00:00
4 mins read
Japan was never normal — and it’s not going to be now
The LDP needs to rethink decades of small-business policy for an era of far bigger problems
To lose one century-old, Sendai-area producer of leaf-shaped sasaka...
00:00
3 mins read
Badenoch’s UK Conservatives are a work in progress
Burnham’s leftward shift opens space in the centre. The Tories should occupy it
Kemi Badenoch has come quite a distance in 12 months. A beleaguered figure at l...
00:00
3 mins read
Norway lays down a line for EU on AI glasses
Proposed ban will be test case for broad restrictions on the eyewear after fierce backlash over their use
“Pervert glasses” that enable privacy intrusion or on...
00:00
2 mins read
Japan’s small-cap cull is an opportunity for AI funds
Finding needles amid haystacks is a task for AI
Stock market reforms don’t come much more brutal. Japan’s Topix, followed by about $1tn of funds, has ditched a...
00:00
6 mins read
Tips and Linkers
Not as safe as they seem
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered ev...
00:00
4 mins read
Real men don’t do climate change
Research on the gender differences in how people think about global warming suggests campaigns and communications may need a rethink
If you are a man who cares...
00:00
4 mins read
California’s oligarch tax would change America
The goal of its framers is political rather than budgetary
What happens in California rarely stays in California. Should the state’s voters pass a wealth tax o...
00:00
8 mins read
Why are bond yields so high?
An attempt to shed some light on the big question of 2026
This article is an on-site version of our Chris Giles on Central Banks newsletter. Premium subscriber...
00:00
4 mins read
We should call time on the ‘end times’
Narratives of looming apocalypse are a sign that something has gone seriously wrong with our politics
The writer is professor of intellectual history at the Eu...
00:00
2 mins read
Silicon Valley’s acqui-hire ruse may have passed its prime
Nvidia’s raid on a rival’s top talent has raised hackles among employees not invited to the party
Imagine not being invited to the office party — one where att...
00:00
3 mins read
If supermarket M&A is back, Sainsbury’s is in a sweet spot
Consolidation makes sense because there are too many stores chasing a market where demand is not growing
There is one big takeaway from recent merger discussio...
00:00
3 mins read
Tribology makes the economic world go round
The science of friction and wear plays a central role in making industry run more smoothly
The writer is a science commentator
In the early 1960s, just after...
00:00
5 mins read
How AI tempts the lazy mind
The real risk of generative artificial intelligence is not that we will trust it completely, but that we will stop caring enough to check
A few months ago, Jac...
00:00
5 mins read
Neat tricks to help French bonds
And why they won’t work
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered eve...
00:00
3 mins read
Can I appoint a guardian to look after my children if I die?
I do not believe it would be in their best interests to be cared for by their father
I have separated from my children’s father and am updating my will to appo...
00:00
2 mins read
Bank mergers arrive in Europe with a whimper rather than a bang
More banking consolidation requires things that don’t yet exist, such as harmonised regulation and acquiescent local politicians
Europe has a Nimby problem whe...
00:00
3 mins read
Pedro Sánchez’s big electoral gamble
Opinion polls suggest it may be the last for the Spanish prime minister
Spanish Prime Minister Pedro Sánchez has made a career out of high-stakes gambles. His...
00:00
5 mins read
How much longer can the world absorb the Iran shock?
The disruption to oil supply, oil prices and the world economy has been surprisingly manageable so far
The war that was intended to deliver a swift overthrow o...
00:00
3 mins read
The tide of bank branch closures is starting to reverse
The business virtues of having a network are being rediscovered in the US and UK
Banks have spent the last few decades frantically closing branches, cutting re...
00:00
3 mins read
Bond turbulence means it’s time for the ECB to put QT on hold
Prudence suggests a halt by the central bank until more stable conditions are restored
The writer is a former member of the executive board of the European Cen...
00:00
3 mins read
Latino Americans are the real swing voters
The ‘moveable middle’ who remain undecided could be unusually influential in next month’s midterm elections
The writer is a contributing columnist
Over 5mn La...
00:00
6 mins read
Donald Trump’s diesel export coercion will not strengthen the US
The demand-destroying response to the 1973 Arab oil embargo shows the risk of stopping exports
This article is an on-site version of our Trade Secrets newslett...
00:00
4 mins read
Putin’s nuclear threats no longer work
The weakening of Russian deterrence has global implications — and they are not all positive
Russia has the largest nuclear arsenal in the world — and it wants...
00:00
3 mins read
The dangerous myth behind AI agent hacks
These are not simply cyber security flaws but problems with the way that models are trained
The writer is professor of computer science at the Université de Mo...
00:00
3 mins read
Burnham’s Budget must not be overshadowed by the OBR
Rather than being buffeted by the official forecasts, Number 10 should seek to turn them to their advantage
The writer is the former chief of staff to Rachel R...
00:00
4 mins read
Andy Burnham’s Manchester City problem
The prime minister’s economic vision looks dangerously like a game of two halves
The fact that Manchester City have been found guilty of 114 of the 115 charges...
00:00
2 mins read
BT’s swoop on TalkTalk has regulators over a barrel
UK watchdog typically takes a robust view of reduced competition in telecoms market but is taking a back seat this time
Half a century after losing its monopol...
00:00
4 mins read
How AI could scupper the dollar
Things are fine until they’re not
Good morning. I just spent a very pleasant weekend in Rennes, France — beautiful buildings, amazing food markets, good vibes,...
00:00
4 mins read
How to dress like a man
As the way men and women dress overlaps, where does that leave the idea of a ‘manly’ aesthetic?
Is there such a thing as masculine style? In one sense the answ...
00:00
2 mins read
Schneider’s bet on a new world clashes with finance’s old rules
It is harder to be good at many things than one — and branching out into software leaves the stock exposed to AI threats
Schneider Electric’s $23.7bn purchase...
00:00
2 mins read
Why accountancy firm listings don’t add up
Private equity’s role in consolidating the sector is raising the stakes, making partnerships less sustainable
Accountants should be whizzes at working out how...
00:00
4 mins read
Britain has turned digital ID into a growth industry
Start-ups such as Yoti and Luciditi are meeting demand for age and identity verification as the government retreats
Along with many FT readers, I have reached...
00:00
4 mins read
The politics of losing sleep
There is still a class divide when it comes to work that tramples over your body clock
In the 1920s, a pair of sociologists set out to study “the interwoven tr...
00:00
3 mins read
Brazil’s Bolsonaro comeback exposes Lula’s weakness
Incumbent’s fading appeal has opened the door to a family revival in Brazil
When former president Jair Bolsonaro was given a 27-year jail sentence last year fo...