One should not read too much into the ratio. It is not a leading indicator. When people are nervous, they tend to buy staples, and when people are worried markets also tend to fall. The ratio is ...

China has introduced retaliatory tariffs on about $22bn of US goods, including agricultural exports, targeting President Donald Trump’s rural base in the latest trade war escalation between the ...

Today, I explain the battle over how to spend the EU’s new €150bn defence fund, and ask whether medicines are Europe’s next foreign dependency set to be exploited. Ursula von der Leyen has nine days ...

Plus, the ‘Wild West’ of family offices, star traders’ succession issues, and Renaissance Siena at the National Gallery ...

FT survey finds ‘large fiscal capacity’, but economists urge would-be chancellor Friedrich Merz to spend funds wisely ...

New Orleans during Mardi Gras week should have been the perfect venue for a boisterous party celebrating a global M&A blowout ...

For example, as of the fourth quarter, Helocs totalled just under $400bn, roughly 2 per cent of tappable home equity. At its ...

What happens in the White House over the next four years may influence financial markets for decades to come. Retirees, like ...

Acquisition activity among Britain’s banks has been muted since the 2008 financial crisis, when Royal Bank of Scotland became ...

Presented by Martin Wolf. Produced by Laurence Knight. Manuela Saragosa is the executive producer. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley. View our ...

The Lagos of my childhood was thrilling for trips to the beach and dancing with cousins at family parties while uncles and aunties pressed crisp naira notes against my forehead; it was the land of ...

The “circle of life” is one guide: it is the cycle of politics in which crisis forces reform, which generates recovery but then breeds complacency and decay. The cycle then starts again, crisis to ...