Friends with fiscal benefits
Cross-class friendships appear to be one of the strongest predictors of upward mobility for people in low socio-economic groups
Will the Fed’s hawkish stance survive contact with jobs data?
Market Questions is the FT’s guide to the week ahead
School IB economics: The hottest rave this summer? Just add caffeine
Competitive market equilibrium
Burnham tightens prisoner release scheme and insists he is ‘tough on crime’
Prime minister had faced criticism over moves to avert overcrowding in prisons in England and Wales
‘New York loves Canada’: US cities want their Canadian tourists back
American tourism businesses try to overcome cross-border travel boycott over Trump administration’s hostility to its northern neighbour
Pharma stocks soar as investors seek AI alternatives
Pricing deals with the White House and positive clinical data boost sector
Iceland rejects reopening talks on EU entry
‘No’ vote prevails in knife-edge referendum prompted by Donald Trump’s threats to annex Greenland
Nepal rescue effort intensifies as death toll passes 700
Authorities warn rising water could complicate recoveries with more than 3,000 still missing
CEO of India’s largest private bank to step down
HDFC Bank chief’s exit will come just months after chair departed, citing ‘ethical differences’
What’s the fiscal hit from higher yields?
A long answer to a simple question
Incoming Swiss banking chief warns against regulatory over-reach
Comments from chief executive of EFG International signal how opposition to new rules extends across the industry
Women make friends differently from men at work
They build tighter, more genuine connections that may not always be to their advantage
Anglo Teck up against Glencore’s ‘hardball’ negotiators to deliver merger gains
Anglo American and Teck promised investors $1.4bn in added profits annually from combined Chile copper mines but are still in talks with part-owner Glencore
Nicotine pouch sales jump in UK as companies step up marketing
Campaigns come ahead of ban on advertising and sponsorship for all non-medicinal products from next June
Burnham’s summer of quietly backing away from radical pledges
From Thames Water to electoral reform, the prime minister seems to be diverging from his campaign rhetoric
One fix for UK plc’s underperformance: equity for all
A new proposal suggests doubling the pay of board directors using stock options
Summer might be ending, but we can hold on to some of its magic
It offers not the opportunity to do nothing but to have the time to do things slowly
Rising bond yields add tens of billions to G7 countries’ debt costs
World’s biggest developed economies face higher financing costs since start of US-Iran war, weighing on public finances
EU to help tourism hotspots crack down on Airbnb-style holiday rentals
Measures imposed on short-term lets by cities such as Florence often result in drawn-out legal battles
Your body is not a machine
Mechanical metaphors are useful, but such reductionism is no guide to life
‘SmashCos’: Europe’s oil majors create new generation of independent companies
Jointly owned independent oil and gas producers are an increasingly important part of the biggest players’ strategies
The companies desperate to hire graduates
Entry-level roles are under threat from AI but some employers still struggle to find skilled young workers
The Gazan amputees turning to football
Sports league aims to bring hope to some of the thousands who have lost limbs during Israel’s devastating campaign
Claridge’s operator bets on US and UK visitors to offset Middle East
Maybourne chief executive says it has ‘proactively pivoted’ to other areas to counter drop in Gulf bookings