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Accessibility helpSkip to navigationSkip to contentSkip to footer * S&P 500+1.53% * Shanghai+0.82% * FTSE 100+1.23% * Euro/Dollar+0.45% * Brent Crude Oil+4.30% * 10 Year US Gov+0.21% Visit Markets Data COOKIES ON FT SITES We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used. Accept & continue Manage cookies * Sign In * Subscribe Open side navigation menuOpen search bar Financial Times SubscribeSign InmyFT Search the FT Suggestions include News Securities * See all quotes matching undefined SearchClose search bar * Home * Markets Data * Home * World Sections * World Home * Global Economy * UK * US * China * Africa * Asia Pacific * Emerging Markets * Europe * War in Ukraine * Americas * Middle East & North Africa * Australia & NZ Most Read * India and China undercut Russia’s oil sanctions pain * Military briefing: Ukraine gains momentum with Kharkiv offensive * Fed governor backs ‘significant increase’ in benchmark rate * Europe sounds ‘full mobilisation’ after Kremlin shuts key gas pipeline * US lawmakers warn Apple on using Chinese group’s chips in new iPhone * US Sections * US Home * US Economy * US Companies * US Politics & Policy Most Read * Companies Sections * Companies Home * Energy * Financials * Health * Industrials * Media * Professional Services * Retail & Consumer * Tech Sector * Telecoms * Transport Most Read * Stores close and events cancelled as UK businesses pay respects to Queen * Citigroup wins appeal over $500mn it sent by mistake * Evergrande crisis deepens after lender seizes headquarters * FTX Ventures buys 30% stake in Scaramucci’s SkyBridge Capital * Builders and estate agents braced for UK housing downturn * Tech * Markets Sections * Markets Home * Alphaville * Markets Data * Cryptofinance * Capital Markets * Commodities * Currencies * Equities * Fund Management * Trading * Moral Money * ETF Hub Most Read * India and China undercut Russia’s oil sanctions pain * News updates following the death of Queen Elizabeth II on September 9 * Europe sounds ‘full mobilisation’ after Kremlin shuts key gas pipeline * FTX Ventures buys 30% stake in Scaramucci’s SkyBridge Capital * US stocks close higher to end three straight weeks of declines * Climate * Opinion Sections * Opinion Home * Columnists * The FT View * The Big Read * Lex * Obituaries * Letters Most Read * My former tutorial partner is now Britain’s prime minister. Here’s my advice to her * The great British housing wealth divide * Cyrus Mistry, businessman, 1968-2022 * Consultants must hope Rees-Mogg’s Bain ban is not a sign of pain to come * The illusion of knowledge for investors * Work & Careers Sections * Work & Careers Home * Business School Rankings * Business Education * Entrepreneurship * Recruitment * Business Books * Business Travel Most Read * Hybrid working: why the office-home balance is still a challenge * As a high-level administrator, can I aim for a senior management role? * C&A’s Giny Boer: ‘What we want to do now is democratise sustainable fashion’ * Life & Arts Sections * Life & Arts Home * Arts * Books * Food & Drink * FT Magazine * House & Home * Style * Travel * FT Globetrotter Most Read * Can a Nazi holiday resort reinvent itself as a 21st-century beach retreat? * Elizabeth II: an appreciation by Simon Schama * Philosopher William MacAskill: ‘The world is a darker place than it was just five years ago’ * A tiny particle can travel through concrete. It could save many lives * Retrofit radicals: housing can be energy efficient and beautiful * HTSI MenuSearch * Home * World * US * Companies * Tech * Markets * Climate * Opinion * Work & Careers * Life & Arts * HTSI Financial Times SubscribeSign In Search the FT Suggestions include News Securities * See all quotes matching undefined SearchClose search bar FINANCIAL TIMES HOME King Charles III King Charles promises to serve ‘with loyalty, respect and love’ New monarch pays emotional tribute to Queen Elizabeth II ahead of formal proclamation as king on Saturday The Big Read. Queen Elizabeth II: inside the royal finances opinion content. The Queen’s constancy never went out of style Jo Ellison Americans, long besotted by royalty, mourn Britain’s Queen The Queen’s 70-year reign in 10 charts TOP STORIES EU energy News in-depth. EU sounds ‘full mobilisation’ after Kremlin shuts gas pipeline Some analysts believe Russia’s pressure campaign began to lose its potency this week EU ministers back gas price cap and windfall levy on power companies Markets markets content. Markets Briefing. US stocks close higher to end three straight weeks of declines Euro and pound rise against greenback day after ECB lifts interest rates by 0.75 percentage points Fed governor backs ‘significant increase’ in benchmark rate War in Ukraine US warns of sanctions for buyers that ignore price cap on Russian oil Treasury guidance would give teeth to G7 plan to curtail Moscow’s energy revenues US-China trade dispute US lawmakers warn Apple on using Chinese group’s chips in new iPhone Tech company accused of ‘playing with fire’ if it buys data storage components from YMTC SPOTLIGHT King Charles III Person in the News. King Charles III, a life-long apprentice steps into the spotlight The new monarch may no longer be as outspoken on the subjects he has previously championed War in Ukraine Military briefing: Ukraine gains momentum with Kharkiv offensive Latest attack designed to trap Russian forces around Izyum, a strategic flash point in eastern Donbas region BEST OF WEEKEND FT Life & Arts Lunch with the FT. Philosopher William MacAskill: ‘The world is a darker place than it was just five years ago’ The prophet of ‘Effective Altruism’ on giving away his earnings — and how we can save the world, one small act at a time opinion content. Britain’s mid-Atlantic way on race Janan Ganesh opinion content. A Hollywood story that’s all froth and no moral Jan Dalley Retrofit radicals: housing can be energy efficient and beautiful opinion content. India seen through the eyes of its young women Nilanjana Roy Climate change opinion content. FT Magazine. We’re moving into a more optimistic era for climate action Policymakers are finally moving from stick to carrot, and good ideas will spread fast Simon Kuper opinion content. FT Magazine. Palantir, protests and shedding light on ‘spy tech’ Gillian Tett MOST READ 1 King Charles III promises to serve with ‘loyalty, respect and love’ 2 Elizabeth II: an appreciation by Simon Schama 3 opinion content. My former tutorial partner is now Britain’s PM. Here’s my advice to her 4 US lawmakers warn Apple on using Chinese group’s chips in new iPhone 5 EU sounds ‘full mobilisation’ after Kremlin shuts gas pipeline NEWS Pollution Scientists discover how air pollution causes lung cancer New techniques to prevent and treat tumours could be developed after researchers identify role played by inflammation 3 hours ago UK politics & policy Truss accused of ‘ideological purge’ in sacking of top civil servant Ousting of Treasury chief will make it harder to speak ‘truth to power’, Whitehall insiders fear Private equity Apollo veteran Josh Harris launches $5bn investment group Billionaire’s 26North venture to deal in private equity, credit and insurance War in Ukraine News in-depth. ‘We’re playing with fire’: the Ukrainian nuclear plant held hostage by Russia The battle to control Zaporizhzhia plant risks ‘very serious nuclear accident’, warns UN atomic energy chief Ukraine appeals for $17bn emergency fund as winter looms Cyrus Mistry Obituary. Cyrus Mistry, businessman, 1968-2022 The understated billionaire was known for his long-running dispute with one of India’s biggest conglomerates Climate change News in-depth. California heatwave exposes limits of climate plans Record temperatures show grid weakness as governor makes aggressive push to boost renewables Climate Capital. California power demand hits record high during heatwave Cie Financiere Richemont SA News in-depth. Johann Rupert, the luxury boss who saw off a hedge fund in the mood for a fight Activist investor Bluebell had accused the chair of Richemont of wielding too much power and wanted change OPINION opinion content. The Queen was an important reminder of a less cynical age Nations lose something when they lack a figure everyone can share an affection for Stephen Bush opinion content. Elizabeth II was Global Britain personified The Queen oversaw the country’s transition from an empire to a post-imperial power Gideon Rachman opinion content. Truss must rekindle Britain’s spirit of sacrifice as winter approaches Camilla Cavendish opinion content. The Long View. A more sober outlook weighs on investors Katie Martin opinion content. On Wall Street. Countries do not control their own currencies Brendan Greeley opinion content. The FT View. Britain enters the era of King Charles III The editorial board opinion content. The Windsor grandmother I knew Dan Stewart opinion content. Lex. Malaria/vaccine development: injection of hope MORE OPINION The FT View Lex Unhedged Markets Insight Inside Business EUROPE NEWS Energy bills lifted by failure to agree deal with EU over power cables Electricity flow through cross-border subsea connectors is now more costly for Britain Populist Sweden Democrats seek ‘seismic’ election breakthrough Five EU states vow to introduce minimum corporate tax ECB to start talks on shrinking its balance sheet Climate Capital. Alpine glaciers fall victim to Europe’s warming climate Second German gas supplier seeks state bailout Solar power generation hits EU record in energy crisis MORE EUROPE NEWS European economy European Union EU foreign policy European companies European equities The Rachman ReviewListen to the latest episode PODCASTS FT Weekend podcast. The legacy of Queen Elizabeth II 19 min listen Payne's Politics. In memory of Queen Elizabeth II 30 min listen FT News Briefing. Britain in mourning 10 min listen Rachman Review. How Italy is facing a crucial election 24 min listen LIFE & ARTS Arts Books Food & Drink FT Magazine Style House & Home Travel FT Globetrotter HTSI Food & Drink HTSI. Carole Bamford and 20 years of Daylesford Food & Drink FT Magazine. What happened when I began to treat cooking like thinking Wine opinion content. FT Magazine. Blind tasting is a game, and rarely a fair one Books Review. The best books of the week Life & Arts opinion content. What Esther Perel taught me about starting anew VIDEO play content. Queen Elizabeth II13 min video content. Queen Elizabeth II: a long life of duty and service play content. Energy Source24 min video content. How Putin held Europe hostage over energy play content. Martin Sandbu20 min opinion content. 'Why we need a wealth tax' play content. World13 min video content. China's unseen war for strategic influence HIGHLIGHTS What is your personal inflation rate? Our free online calculator reveals the pinch points in your budgets video content. Energy Source. How Putin held Europe hostage over energy Will recession cool a ‘red hot’ business graduate jobs market? Obituary. Brenda Trenowden, banker and campaigner, 1967-2022 Dear Jonathan. As a high-level administrator, can I aim for a senior management role? Hybrid working: why the office-home balance is still a challenge opinion content. You can’t buy integrity, but you can nick the idea Rutherford Hall MORE HIGHLIGHTS Moral Money Due Diligence Cryptocurrencies Special Reports Climate Capital Moral MoneySign up for our newsletter MARKETS NEWS UK energy package will weigh on gilts and pound, analysts warn Funding for programme announced by Liz Truss will imply a big jump in borrowing Solar power generation hits EU record in energy crisis Banks try to offload $15bn of Citrix buyout debt to ‘gun-shy’ investors Oil prices fall on recession fears despite Opec+ output cut Yen hits new lows even after Japan steps up verbal intervention ETF Hub. Investors exit European equity ETFs at fastest pace since Brexit Industrial metal prices melt as global recession fears flare up MORE MARKETS NEWS Alphaville Markets Data Capital Markets Commodities Currencies Equities Fund Management FT Trading Room Moral Money ETF Hub TECHNOLOGY FT Alphaville. Barclays’ esports/crypto crossover: insert coin Futures made of virtual insanity Trump’s plan to take his media business public in jeopardy Naspers confirms move of Tencent shares to Hong Kong clearing system UK online car seller Cazoo pulls plug on European operations opinion content. Inside Business. The tech slowdown starts to bite Richard Waters #techAsia. Nidec’s hunt for a successor starts over and Tencent turns seller Private equity group Thoma Bravo pulls out of Darktrace bid talks MORE TECHNOLOGY #techFT FintechFT FintechFTSign up for our newsletter UPCOMING EVENTS Discover unmissable flagship events and members only communities to expand your thinking and elevate your career. 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