BUSINES

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Drax power station, which has dominated the North Yorkshire countryside near Selby for more than half a century, was given another lease of life this week. The biomass generating plant with 12 water cooling towers … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Major insurers face billions of dollars in losses from the Los Angeles wildfires, they said this week, despite dropping clients in California before the catastrophe. AIG and Allstate are among the national insurers that warned … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Microsoft has accused the UK’s antitrust regulator of “looking backwards” by ignoring how artificial intelligence is reshaping the technology industry, in its response to the agency’s investigation into the £9bn UK cloud computing market. The … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Indian billionaire industrialist Gautam Adani paid £4mn to sponsor the green energy wing of London’s Science Museum, a contentious tie up that sparked protests and scrutiny of his conglomerate’s extensive coal business. UK Cabinet Office … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. My commute to the office last Wednesday was unexpectedly dramatic. As the doors of the Tube carriage shut, a mobile phone was snatched from the hands of the passenger opposite. As the train pulled off, … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s coal plant construction surged last year to the highest level in almost a decade, conflicting with President Xi Jinping’s promise that carbon emissions would peak before 2030, researchers have said. In a report released … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Microsoft is shuttering its Skype video-calling service 14 years after buying the company for $8.5bn, hanging up on a pioneer of internet communications that upended the telecoms industry and paved the way for WhatsApp and … Read more

Britain is “going bust” in its pursuit of net zero and its zeal to tackle climate change without collective action from the rest of the world, the right-leaning media tycoon behind GB News has told the Financial Times. Hedge fund boss Sir Paul Marshall is urging the UK government to repeal the Climate Change Act … Read more

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has lashed out at the UK’s demand for Apple to grant secret access to its most secure cloud storage system, comparing the move to “something . . . that you hear about with China”. In … Read more

Atlantis Studio in Stockholm is where Abba recorded tracks such as “Waterloo”, “Dancing Queen” and “Mamma Mia”. But on a recent bitter winter day it was home to a different Swedish icon: the most powerful figure in Ikea’s sprawling business empire. Jesper Brodin, complete with electric guitar, was at the studio to talk both about … Read more