Defence stocks have outpaced the global market this year by the most in almost a decade, on expectations of higher military spending by western governments and as ethically minded investors re-evaluate the sector. An MSCI index tracking aerospace and defence shares has beaten a broader gauge of worldwide equities by 17 percentage points in dollar

Among all of the cost pressures racking up for British supermarkets, one of the most persistent and intense is staff wages. Tesco this month became the latest big grocer to increase basic hourly pay rates above £10, higher than both the statutory minimum wage of £9.50 and the voluntary “UK real living wage”. Asda is

Boris Johnson flew back to London from India on Friday, probably wishing he could stay longer in a country where he was greeted by dancers, avenues lined with children waving union jack flags and billboards featuring his ruffled features. “I felt like Sachin Tendulkar,” the UK prime minister said, referring to the Indian cricketing demigod.

Donald Trump appearing to storm out of a world-exclusive interview is just the kind of episode that Piers Morgan needs to attract attention to his show on TalkTV, the UK’s newest television station. That the former US president has claimed its producers doctored the pre-released footage has only added to the buzz surrounding the launch

Reading Gillian Tett’s column, an inquiry into the logic of banning Russian arts in response to war crimes in Ukraine (Magazine, FT Weekend, April 16), there was a missed opportunity to draw upon Julian Barnes’s novel The Noise of Time, the semi-fictionalised account of the trials and tribulations of Dmitri Shostakovich and his perseverance in

Andres Schipani’s report “Culture: Battle to save churches and heritage” (April 16) concludes with the comment of Father Nestor Kyzyk that “without the past we’ll never have a future”. As many as 29 churches and other historic buildings have been damaged or destroyed in Mariupol and Kharkiv. Yet Russia is a signatory to the 1954

In “Moments to change a life” (Life & Arts, April 16) Enuma Okoro’s Easter reflections on the Emmaus story — so timely and timeless — invited us to celebrate good reading, with echoes of Archimedes’ Eureka turning point in a lightbulb moment for Mr and Mrs Cleopas in Saint Luke’s Gospel. Okoro’s optimism, coupled with

As I read Janan Ganesh’s piece “A slap in the face for psychobabble” (Opinion, Life & Arts, April 9), I was probably, like many readers of the FT, racking my brains to pinpoint exactly where, and how much of this gobbledegook I have heard in, say, the last week. In the bank, in the surgery,

The profile of Father Paolo Benanti (“The monk helping the Vatican take on AI”, Magazine, April 9) covered some incredibly important issues concerning the ethics of artificial intelligence. But unmentioned was AI-originated existential risk (AIXR), which is less tangible than bias or inequality, but equally profound. Some scientists and philosophers argue that ever-more-capable AI might

What was your childhood or earliest ambition? To work with animals. The novels of Dick King-Smith had a significant impact on my early life. Private school or state school? University or straight into work? Two different state schools in rural County Cork, both Catholic, then art college in Dublin, specialising in sculpture. I was a

Shell has begun the “nightmare” task of extricating itself from its biggest Russian energy project as China’s state-owned companies line up as the only current option for western oil and gas majors divesting Russian assets that much of the world will not touch. The UK-headquartered group is in “early stage negotiations” with Cnooc, CNPC and

As the Russian delegation prepared to speak at Wednesday’s G20 meeting, finance ministers and central bank governors from the US, EU, UK and Canada got up and walked out. They did not stay to listen to what Russian finance minister Anton Siluanov, who joined virtually, or his deputy Timur Maksimov, who was in the room,

Coronavirus infection rates are falling rapidly across the UK, easing pressure on the strained health service, according to official data. About 3.7mn people were infected with Covid-19 in the week ending April 16, according to Office for National Statistics estimates published on Friday. The latest infection figures are 15 per cent lower than those recorded

A KPMG investigation into German property group Adler found widespread governance and compliance shortcomings, the risk of big writedowns and questionable payments to a real estate investor who has long denied influence over the company. Adler, which owns 52,000 flats in north and western Germany, came under fire last year from short-selling group Viceroy Research,

Would you apply for a job which requires you to be “dynamic” or a “digital native”? If you’re over 40, it might not be worth bothering. Until recently, it looked as though Generation X had never had it so good. But age discrimination is alive and well — and the exodus of older workers in

Investors’ expectations for US inflation have shot to their highest level in decades even as the Federal Reserve signals an aggressive tightening of monetary policy is imminent, underscoring the challenge central banks face in convincing markets they can tame runaway price growth. A historic bond rout has intensified this week as officials from both the

It is a basic formula in the television business: make a hit show, renew it and lock in ever bigger audiences. But Netflix, which has spent more than 20 years upending the rules of the entertainment business, may have found a way to defy even this convention. This spring the streaming service will roll out

Belgian brewer Anheuser-Busch InBev is in talks to sell its stake in its Russian and Ukrainian joint venture to its Turkish partner, in a deal that could cause a $1.1bn hit to the world’s largest brewer. The maker of Budweiser, Stella Artois and Corona is seeking to sell its non-controlling interest in joint venture AB

As state after state in America’s conservative heartland adopts reactionary abortion legislation, the beacon of the free world looks bizarrely out of kilter with even socially conservative neighbours like Mexico, where more progressive policies are being implemented. Abortion is already a divisive political issue in the US. It is becoming a business issue too. Companies

Landscape architect Todd Longstaffe-Gowan’s new book is, as befits its subject, a glorious cabinet of curiosities. Covering a wide selection of idiosyncratic gardeners and their equally singular gardens, it ranges from the early 17th to the early 20th centuries, taking in many of the stranger features of the English tradition of landscape design. Longstaffe-Gowan avoids