Being punctual is considered synonymous with being German. Yet, Germany’s connective tissue—its national railway system, Deutsche Bahn (BD)—struggles with it. The country of 84 million has been on football lovers’ radars this summer thanks to the Euro 2024 championship, which…
This is part of a series ‘Economists Exchange’, featuring conversations between top FT commentators and leading economists Sir Paul Collier has spent his career advising governments on how to improve lives in the world’s poorest countries. Now, the development economist…
Pro-EU demonstrators protest outside Parliament against Brexit on the fourth anniversary of Britain’s official departure from the European Union in London, United Kingdom on January 31, 2024. Future Publishing | Getty Images It’s been eight years since just under 52%…
Japan issued newly designed banknotes for the first time since 2004 in a move that may provide a small boost to the economy while potentially nudging some cash hoarders to invest money instead of stashing it under the mattress. The…
‘We accept that we are facing up to 10 years of a Labour government’ — Mel Stride © Getty Images Labour is heading for the biggest “landslide majority” Britain has ever seen, according to one of Rishi Sunak’s closest ministerial…
Former British finance minister Rishi Sunak won the most votes in the second round of voting. Leon Neal | Getty Images LONDON — After 14 years in power, the U.K.’s ruling Conservative Party looks to be standing on the brink…
In May, the parent companies of two leading British tea brands reported record sales: Kallo Foods, which owns Clipper Teas, jumped 8% to £121.7 million ($155.5 million) in 2023, while Bettys and Taylors, which owns domestic market leader Yorkshire Tea,…
Blackstone Group has become one of the biggest buyers of a type of bank loan that has become a lifeline for the private-equity industry, exposing the company to risks generated by its own business. The world’s largest buyout group, which…
Rep. Lloyd Doggett, D-Texas, makes his way to House votes in the U.S. Capitol on Wednesday, June 5, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images Rep. Lloyd Doggett of Texas urged President Joe Biden on Tuesday to…
The organization left behind the racist slur “redskins” as its name and retired the logo that was closely tied to that name: the profile of a Native man with long hair and two feathers. Now, a white Republican U.S. senator…