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Goldman president warns private credit funds are not marketed properly
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Goldman Sachs’ president criticised investment firms for failing to clearly market private credit funds to individual investors, who have been blocked...
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Trumpflation hits the World Cup: Fans face $80–$100 transit fares on top of $4,000-plus tickets | Fortune
In an economy squeezed by tariffs, elevated fuel costs, and stubborn inflation, the FIFA World Cup was supposed to be America’s summer triumph. For millions of fans, it’s shaping up to be something else: a financial gauntlet. Before they...
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‘Megadeals’ defy market fears and volatile geopolitics
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bigger is always better in Donald Trump’s world. So it is perhaps appropriate that a record number of “megadeals” were struck...
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A $24 billion Dutch lender is cutting its workforce—and to get the remaining staff on board, the CEO is having sandwiches with them |...
The $24 billion Dutch bank ABN Amro is cutting a fifth of its workforce over the next three years—so how is its CEO Marguerite Bérard rallying the troops? By sacrificing her long meals and talking over the growing pains...
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Why women in groups face a ‘collaboration penalty’ that solo female stars like Taylor Swift and Coco Gauff escape
When Taylor Swift’s Eras Tour became the highest-grossing concert tour of all time in 2024, hauling in more than US$2 billion, it was hailed as a breakthrough for women in music.But Swift’s success, it...
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European airports warn new border system causes up to three-hour delays
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.European airports in 15 countries have reported “very bad” delays resulting from the EU’s new electronic border system, with the sector...
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The dirty secret behind Big Tech’s AI arms race: Massive hardware investments that are obsolete in 3 years | Fortune
There’s a wild paradox in the middle of the biggest story in tech right now. The GPUs and other essential hardware that the hyperscalers are spending so lavishly to pack into their data centers with, it turns out, go...
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‘Bifs’ replace ‘Piigs’ as Europe’s bond market whipping boys
Britain, Italy and France have borne the brunt of a sovereign debt sell-off sparked by the Iran war
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Trump’s White House: America is short 10 million houses | Fortune
White House economists estimate the United States has a shortage of 10 million houses, according to a new report out Monday — and say regulatory cuts could lead to more construction to stabilize prices, increase home ownership and fuel faster economic...
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Pope Leo urges Cameroon to reject violence
Pope Leo XIV stopped in Cameroon as part of his 11-day Africa trip. During a Mass attended by over...