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Is Britain ungovernable | FT #shorts
Financial Times· 2026-05-12 02:30
Is Britain ungovernable. >> I think it's become harder to run the country over the in over the many years that um we've all been writing about politics for a number of reasons. The economy stopped growing.Money's run out. Debt burden has risen from 35% or whatever it was under when Gordon Brown was prime minister to over to nearly 100%. So the absence of money, the absence of growth has made it much harder to be a leader because in the old days if you run into problems you could chuck a bit of money at at i ...
Can Tinder win back women | FT #shorts
Financial Times· 2026-05-12 00:29
Tinder is trying to fix one of its biggest problems. Simply too few women are using the app. Esmeras suggest that around three quarters of the dating app's users are men.And that imbalance has contributed to a decline in Tinder's popularity. Monthly active users have fallen from around 65 million in 2021 at the height of the pandemic to around 50 million last year. Now, MatchGroup's chief executive Spencer Rascoff says attracting women is his top priority for the group's flagship app.He argues that if Tinde ...
Why banking in 19th century America was like crypto today | FT #shorts
Financial Times· 2026-05-11 14:17
Until 150 years ago, you had this explosion of homemade finance. And as a result, you had this obsession with people worrying about whether something was real or fake. But there was a real sense that anyone could go out and kind of create their own money if they wanted.Then you had the state come in and essentially you took away people's power just to create their own money. But we're back now in a era that had so many echoes of this. So we've had the explosion of meme coins, cryptocurrencies, and now stabl ...
What the AI 'jobpocalypse' narrative misses | FT #shorts
Financial Times· 2026-05-11 07:51
If you've read any of the many reports on AI and the job market, you'll know the story. AI is going to destroy huge numbers of knowledge economy jobs, and we know this because it can write code, conduct research, write reports, just as well as we humans can. But, can AI do this task is only a tiny part of the picture.History tells us that whether new technologies lead to falling flat or rising employment depends on much more than that. Take the digital revolution. Huge productivity gains in software develop ...
UBS's Sergio Ermotti on Swiss plans for stringent capital requirements | FT Interviews
Financial Times· 2026-05-09 06:34
Sergio Hermotei is in his second stint as CEO of UBS, Switzerland's largest bank and Europe's largest wealth manager. In 2023, he was brought back just weeks after UBS agreed to rescue Kitty Swiss from the brink of collapse. Since then, he's been integrating Kyis Swiss and more recently he has found himself in a standoff with the Swiss authorities.Uh Sergio, before we get into the nitty-gritty of capital requirements, let's talk about you. How do you get into banking. >> Well, actually uh you know, when I w ...
Why airlines want to roll back passenger perks | FT #shorts
Financial Times· 2026-05-09 05:00
Whenever you get on an airplane, there are rules dictating lots of things. How many bags you can take, where that plane can refuel, where it can take off from the airport, and how much compensation you're going to get if it's delayed. Broadly, the airlines hate many of these rules.But with the Iran crisis having pushed up the price of global jet fuel and the industry in disarray, they smell an opportunity. Many of the airlines are pushing regulators and governments in Europe and the UK to roll back some of ...
Is the Strait of Mormuz open or closed | FT #shorts
Financial Times· 2026-05-09 01:37
This is the most important waterway in the world right now, the Strait of Hormuz. But keeping track of its status can be confusing. Is the Strait open or closed.Here's how things [music] looked a week before the war with as many as 140 ships crossing every day >> [music] >> until the US and Israel attacked Iran and Iranian media reported the Strait was effectively closed. Oil and gas prices surged [music] and shipping lines stopped transiting Hormuz given the risk of attack and sky-high insurance rates. Wit ...
What the local elections mean for British politics | FT #shorts
Financial Times· 2026-05-08 14:05
Although many more results are still to come than have been declared, what we know so far is that the Labour Party has been sharply repudiated in these elections, it has failed to do what has been in its eyes its central task of winning over reform voters and instead has been beaten back very badly in areas where reform is strong. But it has also lost voters to its left flank, to the populist left, to the Greens in many of its heartlands, with many of those still to come. For the Conservatives, traditionall ...
Ceasefire under strain as US and Iran exchange fire in Hormuz | FT #shorts
Financial Times· 2026-05-08 07:50
They trifled with us today. We blew them away. They trifled.They call that a trifle. I'll let you know when there's no cease You won't have to know. If there's no cease-fire, you're not going to have to know. You're just going to have to look at one big glow coming out of Iran. ...
European airports face jet fuel shortage within three weeks | FT #shorts
Financial Times· 2026-05-07 14:10
Whenever you get on an airplane, there are rules dictating lots of things. How many bags you can take, where that plane can refuel, when it can take off from the airport, and how much compensation you're going to get if it's delayed. Broadly, the airlines hate many of these rules.But with the Iran crisis having pushed up the price of global jet fuel and the industry in disarray, they smell an opportunity. Many of the airlines are pushing regulators and governments in Europe and the UK to roll back some of t ...