Six lessons from history’s greatest financial crises The Babylonians had debt defaults. The S&L scandal led to 2008. What else does the past tell us?

Six lessons from history’s greatest financial crises ft.trib.al/7nWLlCX

…they place on environmental, social and governance targets in the past year, amid a global war for talent that has handed US executives outsized remuneration plans.

FTSE bosses receive 18% pay bump this year in global fight for talent Companies are also watering down ESG elements of pay plans as boards reassess whether such awards ‘make sense’

FTSE bosses receive 18% pay bump this year in global fight for talent-FTSE 100 companies have boosted chief executives’ pay by almost a fifth and reduced the importance… www.ft.com/content/474f... @aarmstrongsays.bsky.social @financialtimes.com

Humphrey Bogart’s Italian fedora maker seeks to get ahead in China 169-year-old luxury hat producer Borsalino plans to open its first store in Shanghai

Humphrey Bogart’s Italian fedora maker seeks to get ahead in China-A wonderful movie. www.ft.com/content/b68d... Thomas Hale @financialtimes.com

…for financial integrity and can facilitate regulatory circumvention”, the head of the Bank for International Settlements said in a speech in Japan on Monday.

US stablecoins pose danger to emerging markets, say central bankers Growth of dollar-pegged crypto assets under Donald Trump risks accelerating dollarisation and enabling criminal misuse

US stablecoins pose danger to emerging markets, say central bankers-Stablecoins — crypto assets pegged to fiat currencies such as the dollar — “raise serious risks… www.ft.com/content/7623... Martin Arnold @financialtimes.com

Iran accuses US of violating international law over vessel seizure Iran’s ambassador to UN also accused Washington of ‘continuing internationally wrongful acts’ that breached ceasefire agreement

Iran accuses US of violating international law over vessel seizure ft.trib.al/c3gAEJZ

…joined the Balikatan drills held by the US and Philippine militaries for the first time. Edward White

China sends warships to Pacific as Japan tensions grow Beijing deploys naval destroyer group on same day Tokyo joins annual US-Philippine military drills

China sends warships to Pacific as Japan tensions grow-
The timing of China’s deployment, said military experts in Tokyo, is significant. On Monday, Japanese combat troops… www.ft.com/content/61f8... @urbandirt.bsky.social @financialtimes.com

…included “manipulation with public tenders, blown-up prices, clientelism [and] corruption”.

Defence spending is ‘magnet’ for criminals, warns EU fraud chief Huge sums being invested in European rearmament are attracting fraudsters

Defence spending is ‘magnet’ for criminals, warns EU fraud chief-Klement declined to comment on specific defence-related cases, but said that issues in the sector… www.ft.com/content/fe78... @lauramdubois.ft.com @financialtimes.com

Giorgia Meloni hit by backlash over migrant ‘repatriation bonus’ for lawyers Proposal to pay advocates who persuade irregular migrants to leave Italy has provoked outcry

Giorgia Meloni hit by backlash over migrant ‘repatriation bonus’ for lawyers-a new proposal to pay immigration lawyers a €615 bonus for every irregular immigrant that they can persuade to leave the country. www.ft.com/content/87b8... @amykazmin.bsky.social @financialtimes.com

…into and explode Iranian-designed Shahed drones used by Moscow to pummel Ukrainian cities.

Ukraine’s drone pilots hit Russian targets from 500km away New internet-based guidance system allows operation of unmanned aerial vehicles far from battlefield

Ukraine’s drone pilots hit Russian targets from 500km away- entered combat last year as part of an effort by Ukraine to develop, mass-produce and deploy a new breed of interceptors designed to fly… www.ft.com/content/9287... @fabricedeprez.bsky.social @financialtimes.com

Pro-Russian ex-president wins Bulgaria’s election Rumen Radev’s parliamentary majority could turn EU and Nato member away from the west

Pro-Russian ex-president wins Bulgaria’s election-a result that may push the EU and Nato member closer to Moscow. www.ft.com/content/0a4f... Marton Dunai @financialtimes.com

…of Kyiv’s hopes of fast-track membership following a potential peace deal with Russia. @christopherjm.ft.com @henryjfoy.ft.com

France and Germany plan ‘symbolic’ EU membership benefits for Ukraine Berlin and Paris say no to Kyiv accessing bloc’s budget and having voting rights until it becomes a full member

France and Germany plan ‘symbolic’ EU membership benefits for Ukraine-a pre-accession phase that excludes EU farming subsidies and voting rights, falling short… www.ft.com/content/d44b... @paolatamma.bsky.social @financialtimes.com

ECB frontrunner Hernández de Cos is most qualified candidate for top job, economists say Former Spanish central bank chief ranks first in poll of monetary policy experts in ‘tight race’ for Lagarde succession

ECB frontrunner Hernández de Cos is most qualified candidate for top job, economists say—In the past, frontrunners have not always been successful, and compromise candidates have emerged towards the end of the process. www.ft.com/content/29fc... @olafstorbeck.ft.com @financialtimes.com

…Restoring essential services, rebuilding critical infrastructure and supporting economic recovery in the devastated Palestinian enclave over the next 18 months will cost an estimated $23bn, according to the report.

Gaza reconstruction to cost more than $70bn, officials say First damage assessment since US-backed ceasefire comes as progress on peace plan stalls during Iran war

Gaza reconstruction to cost more than $70bn, officials say— a joint report by the EU, UN and the World Bank, the first assessment since a fragile US-backed ceasefire went into effect in October… www.ft.com/content/9bc4... Heba Saleh @financialtimes.com

…and a US first edition of De Profundis, the 50,000-word letter that Oscar Wilde wrote to his lover, Lord Alfred Douglas, while imprisoned for “gross acts of indecency”, including four additional letters.

Stolen rare books returned to Whitney heirs decades after theft Trove including works by John Keats and Oscar Wilde will be auctioned by family for charity in New York

Stolen rare books returned to Whitney heirs decades after theft—The collection includes 37 Keats love letters, dated between 1819 and 1820, which are valued at about $2mn. There is also a signed copy of James Joyce’s Finnegans Wake… www.ft.com/content/9238... @kayewiggins.ft.com @financialtimes.com

As Apple celebrated its 50th anniversary last month with a private Paul McCartney concert at its California HQ, @patrickmcgee.bsky.social delved into the story of the iPhone-maker's rise to superstardom.

With the announcement of Apple's next CEO, don't miss this two-part series on #FTEdit 👇

A retro rally is coming from e-merging markets For now South Korea and Taiwan are the biggest beneficiaries of the AI wave

A retro rally is coming from e-merging markets-When the AI arms race cools and demand for chips subsides, the spotlight on these nations will fade. For now, though, the e-merging markets are again having a moment. www.ft.com/content/3f33... Ruchir Sharma @financialtimes.com

…would ultimately translate into more spending, higher living standards and, importantly, a smaller trade surplus.

China does have one powerful lever to boost consumption A permanent cut in the payroll tax could benefit workers and the world

China does have one powerful lever to boost consumption-the most urgent priority is boosting consumption, not optimising the revenue mix. More money in the pockets of Chinese workers…
www.ft.com/content/d078... Steven Barnett @financialtimes.com

The annoyance economy isn’t going anywhere We must find our own amusements in dealing with spam, robocalls and chatbots

The annoyance economy isn’t going anywhere-Some annoyances might be accidental, stemming from dilapidated, byzantine systems, but others are deliberate, profitable for business but costly for the consumer. www.ft.com/content/0d08... @emmavj.bsky.social @financialtimes.com

…an asymmetric security relationship, of the kind that gave birth to Nato after the second world war, but a true partnership of equals based on deeper economic and industrial integration.

The US and Europe are still stronger together Despite Trump and the war with Iran, Brussels’ interests remain deeply entwined with Washington’s

The US and Europe are still stronger together-The only hope that either the US or Europe has of surviving the current geoeconomic moment is to create a new type of alliance — one based not on…
www.ft.com/content/e4c9... @ranaforoohar.bsky.social @financialtimes.com

Of course Trump thinks he’s the Messiah — his disciples tell him so The ‘devout’ Christians in the US president’s life are really just fawning sycophants

Of course Trump thinks he’s the Messiah — his disciples tell him so-It’s not as if he has ever shown any sign that he worships anyone but the man looking back at him in the mirror. www.ft.com/content/529d... @jemima.bsky.social @financialtimes.com