Also in this newsletter, Omnicom and Interpublic in talks to merge and why Washington law firms are expanding their tariff advice
Frozen public sector wages and tax thresholds create unhelpful incentives, leading to recruitment woes on Whitehall
And quality in the small cap rally
Plus, an ‘anti-woke’ ETF, a private markets push and the V&A has a Naomi Campbell retrospective
Also in this newsletter: How to protect critical undersea cables
Changing spaces
Parliament and the executive
Fiscal policy
Personal Finance
Winner of the 2024 FT Schools/Royal Geographical Society student essay competition
Plus, inflation updates from the US and Germany while the ECB is expected to lower borrowing costs by a quarter-point
Călin Georgescu appeared set to win the presidential election until the nation’s high court annulled the first-round result
Plus, Q&A with JPMorgan’s co-head of sports, and more
Postmodern fascism may well be in our future but a new oligarchy is taking shape beneath our noses
Also in today’s newsletter, corporate DEI faces mounting attacks
Also in this newsletter, South Korea’s ruling party warns president could impose martial law again and the FT’s most influential women of 2024
PM speech may herald a Starmerite era of public sector reform mirroring that of Tony Blair, but it faces economic challenges
And today’s job report
Also in this newsletter: Is France Eurosceptic?
Plus, a new ‘anti-woke’ index fund makes its debut at Mar-a-Lago and the boomtimes ahead for American bank deals
Ten topical questions to test your news nous
Business sentiment in countries such as Spain toward the UK has improved, but comes with expectations attached.
Plus, does Trump spell good news for bankers?
Producers are unlikely to follow Trump’s marching orders amid muted global demand and Wall Street calls for higher returns
Also in this newsletter, French parliament removes prime minister and Trump discusses replacing defence secretary pick