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UK investors poured more than £1bn into venture capital trusts in the tax year just ended, in a record fundraising season for the early-stage businesses investment vehicles. Figures published by the Association of Investment Companies (AIC) show that a record £1.13bn was invested in venture capital trusts in 2021-22, a 65 per cent increase compared
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Imran Khan faces the greatest challenge of his political career after Pakistan’s supreme court ruled that the prime minister’s attempt to avoid a no-confidence vote by dissolving parliament was unconstitutional. The ruling, announced late on Thursday evening, set the stage for a weekend showdown in the national assembly that is widely expected to end the
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Russian missiles on Friday hit a railway station in Kramatorsk, killing “dozens” in the town in Ukraine’s eastern Donetsk region as Moscow strengthened its offensive in the east of the country. “Thousands of people were at the station during the missile strike, as residents of Donetsk region are being evacuated to safer regions of Ukraine,”
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I was surprised to read Jonathan Guthrie’s statement that “good governance . . . prescribes box ticking over the independence of non-executive directors and similar matters of little significance” (“ESG category errors need unbundling for ethical investors”, Opinion, April 5). Especially when the FT’s own non-executive director (NED) diploma — quoting from Sir David Walker’s “Review of Corporate Governance
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John Thornhill’s recent article looking at a potential artificial intelligence power imbalance between the public and private sectors (Opinion, April 1) certainly doesn’t understate the risks of a brain drain from AI research into industry. Translation of deep tech research into successful industrial applications has always been a challenge in the UK — and having
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The UK government has moved fast after Russia’s invasion of Ukraine to draw up a strategy for energy security. If its targets can be achieved it will do much to expand homegrown and green supply sources long-term. But internal wrangling has left two large holes. By backing away from targets for the cheapest and fastest
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On Tuesday, Russia’s new AntiFake TV show aired on the most popular Kremlin-controlled television channel. Superimposed on the horrifying images that have emerged of Ukrainian civilians lying dead in Bucha’s streets was the word “FAKE”. As the TV hosts accused Ukraine of colluding with western media by hiring “poorly-trained actors” to play victims in the
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The number of Britons living with long Covid stands at its highest level since official statistics on the phenomenon were first collected a year ago. Figures from the Office for National Statistics published on Thursday showed an estimated 1.7mn people, or 2.7 per cent of the UK population, reported experiencing symptoms lasting for more than
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With Covid-19 restrictions now lifting and clear signs that business travel is recovering after an enforced two-year hiatus, companies large and small in the UK are starting to examine what that means — post-Brexit — for UK travel to the EU. According to the British Chambers of Commerce, the Trade and Cooperation Agreement contains more
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