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Receive free Cboe Global Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Cboe Global Markets news every morning. The chief executive of Cboe Global Markets has resigned after failing to disclose personal relationships with colleagues. Edward Tilly, who has been at Cboe for 35 years, “did not disclose personal

Receive free Hedge funds updates We’ll send you a myFT Daily Digest email rounding up the latest Hedge funds news every morning. A build-up of leveraged bets has the potential to “dislocate” trading in the $25tn US Treasuries market, the umbrella group for central banks said, the latest high-profile warning over the potential for crowded

Receive free Share buybacks updates We’ll send you a myFT Daily Digest email rounding up the latest Share buybacks news every morning. Share buybacks on the US stock market have dropped to the slowest pace since the early stages of the Covid-19 pandemic as rising interest rates undermine the incentive for companies to purchase their

Receive free Arm Ltd updates We’ll send you a myFT Daily Digest email rounding up the latest Arm Ltd news every morning. Arm’s $5bn initial public offering this week was the most expensive in fees for five years, earning a $84mn windfall for the professional services firms that advised it, including Deloitte. The SoftBank-backed chip

Receive free UK labour disputes updates We’ll send you a myFT Daily Digest email rounding up the latest UK labour disputes news every morning. The UK’s train drivers’ union has announced a new set of strikes targeting the Conservative party’s annual conference in October. Aslef said on Friday that drivers at 16 train companies would

Receive free European Central Bank updates We’ll send you a myFT Daily Digest email rounding up the latest European Central Bank news every morning. The European Central Bank has raised interest rates to an all-time high in a bid to cool consumer prices, despite faltering growth in the eurozone. The ECB’s knife-edge decision to lift

Bernard Looney’s short tenure at the top of BP will now always be associated with his failure to disclose the extent of past personal relationships with colleagues. The oil man, who resigned late on Tuesday, is the third BP chief executive to exit prematurely since May 2007. Despite this, he deserves credit for forcing BP

Bernard Looney’s sudden resignation as chief executive of BP has cast greater doubt over the energy company’s strategy, with investors watching closely to see who takes over the top job for clues. Looney, who stepped down on Tuesday after admitting he had failed to disclose the extent of past relationships with colleagues, had positioned BP

Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. US Treasury yields and the dollar edged lower on Wednesday, as investors shrugged off figures showing that US inflation last month was higher than expected. Yields on the interest rate-sensitive two-year US Treasuries fell to

Professional services firm EY will add more than 1,000 jobs in Northern Ireland in the next five years, more than doubling its employment in the region as it trims jobs and pay elsewhere in the UK. The jobs, announced as a UK government-sponsored investment summit in Belfast gets under way on Wednesday, will be a

The writers are the finance ministers of France and Germany Europe’s economic strength in the next decades will be determined by our ability to mobilise private investment. We must accelerate the green and digital transitions of our economy. To do so, we must enable businesses to raise the massive amounts of private capital necessary —

In May, hundreds of leading figures in artificial intelligence issued a joint statement describing the existential threat the technology they helped to create poses to humanity. “Mitigating the risk of extinction from AI should be a global priority,” it said, “alongside other societal-scale risks such as pandemics and nuclear war.” That single sentence invoking the

If there is anyone who knows how to destroy the Conservative party it is Dominic Cummings. The leader of Vote Leave and former strategist to Boris Johnson delivered two huge victories for his cause but at a high price to the vehicle. Now, exiled and angry, he is turning his mind to smashing and replacing

Receive free US economy updates We’ll send you a myFT Daily Digest email rounding up the latest US economy news every morning. Investment chiefs at two of the world’s largest asset managers have warned that the risk of a US recession is rising, even as government officials and a growing number of investors believe the

Inflation has started to show signs of easing from the multi-decade highs reached in many countries following Russia’s full-scale invasion of Ukraine. The latest figures for most of the world’s largest economies still make for worrying reading, with price pressures remaining high as the war in Ukraine continues to keep energy and food prices elevated.

US inflation exceeded forecasts in August after fuel prices rose, but underlying price pressures eased. The headline rate of consumer prices rose 3.7 per cent year on year, according to the Bureau of Labor Statistics, up from 3.2 per cent in July and higher than consensus forecasts of 3.6 per cent. On a monthly basis,

UK wages grew much more than expected in the three months to June, according to official figures that are likely to reinforce policymakers’ concerns over the pressures fuelling inflation.  In April to June, annual growth in regular pay, which excludes bonuses, was 7.8 per cent, the highest regular annual growth rate since comparable records began

One of Europe’s biggest buyout groups, CVC Capital Partners, has revived plans for a multibillion-euro stock market listing that could come before the end of the year, according to people familiar with the matter. The secretive firm, which owns the maker of PG Tips tea and has made major bets on rugby and Formula One,

Republican-controlled areas of the US are dominating a rush of clean technology project investment as President Joe Biden goads opponents for “claiming credit” for the jobs boom despite their efforts to block his landmark climate legislation last year. More than 80 per cent of investment in large-scale clean energy and semiconductor manufacturing pledged since last

The era of cheap streaming is ending, as Hollywood’s largest studios turn the screws on customers with price rises that rival the expensive cable television “bundle” consumers began ditching for Netflix 15 years ago. A basket of the top US streaming services will cost $87 this autumn, compared with $73 a year ago, as Disney,