Move comes after US investment group agreed with companies last month to relax 10% cap on holdings

Forecasts downgraded for a dozen G20 economies and alarm sounded on ‘ratcheting up’ of trade barriers

There is no reason why the four countries can’t share information to see which approach is working

Downgrade comes ahead of Spring Statement, when official forecasts are expected to show much weaker GDP outlook

UK defence technology group says trading conditions are ‘tough’

The collaboration dividend will bring pay-offs

The momentum-surfing vehicles have taken off in the US with investors seeking the potential of uncorrelated returns

London-listed pharmaceuticals group expands investments in cancer cell therapies with EsoBiotec acquisition 

‘Climate whiplash’ for some of the world’s biggest centres

Asset manager blames ‘different macro backdrop’ for change of tack on climate divestments

Pay award comes as remuneration in financial services sector draws greater scrutiny

Picking stocks; institutional landlords; Canada; Nick Leeson; restaurant productivity; Substack; The Beatles; and a coup

Plus the flat dollar

Taara start-up aims to compete with Elon Musk’s Starlink to connect remote areas to the internet using light beams

US central bank risks relying too much on backward-looking data, economists warn

FT analysis finds that while liquidity usually improves, adding a New York listing does not always boost multiples or coverage

Defence spending at 3.5% of GDP would have cost EU an extra nearly $390bn a year since end of Cold War

Kasia Broussalian talks to Leslie Hook and Chloe Cornish

The government needs to view the hard times coming upon us as an opportunity, as well as a crisis

The former first lady teams up with her elder sibling Craig Robinson in a series about . . . well, what?