June 2025

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Private market funds have underperformed large-cap US stocks over commonly measured time horizons for the first time in nearly a quarter of a century, as a slowdown in private equity dealmaking activity hampers the sector’s…

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. High-frequency trading firm Tower Research Capital is planning to launch a fund for external investors as it looks to shift beyond the ultrafast strategies that have made it a big player in global stock markets….

Every evening at dusk, about 90 kilometres north of Mexico City, the main highway lights up with flashing strobes. Truck drivers know this means one thing: illicit fuel is sold here. For decades, criminal groups in Mexico have stolen fuel from the state, a practice known as huachicol. But in recent years this has been…

.css-13hw3ep{margin-bottom:var(–o3-spacing-s);} .css-eh7lb7{margin:0;} Join FT Edit Only .css-79fz17{-webkit-text-decoration:none;text-decoration:none;}$49 a year .css-1h69zf4{margin:0;white-space:pre-wrap;font-family:var(–o3-type-body-base-font-family);font-weight:var(–o3-type-body-base-font-weight);font-size:var(–o3-type-body-base-font-size);line-height:var(–o3-type-body-base-line-height);color:var(–o3-color-use-case-support-inverse-text);} Get 2 months free with an annual subscription at was .css-lhfuqt{-webkit-text-decoration:line-through;text-decoration:line-through;}$59.88 now $49. Access to eight surprising articles a day, hand-picked by FT editors. For seamless reading, access content via the FT Edit page on FT.com and receive the FT Edit newsletter.

.css-13hw3ep{margin-bottom:var(–o3-spacing-s);} .css-eh7lb7{margin:0;} Join FT Edit Only .css-79fz17{-webkit-text-decoration:none;text-decoration:none;}$49 a year .css-1h69zf4{margin:0;white-space:pre-wrap;font-family:var(–o3-type-body-base-font-family);font-weight:var(–o3-type-body-base-font-weight);font-size:var(–o3-type-body-base-font-size);line-height:var(–o3-type-body-base-line-height);color:var(–o3-color-use-case-support-inverse-text);} Get 2 months free with an annual subscription at was .css-lhfuqt{-webkit-text-decoration:line-through;text-decoration:line-through;}$59.88 now $49. Access to eight surprising articles a day, hand-picked by FT editors. For seamless reading, access content via the FT Edit page on FT.com and receive the FT Edit newsletter.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Scania wants to form a consortium to buy Northvolt’s research laboratory to retain critical battery expertise in Europe, the Swedish truck company’s boss has said. Christian Levin told the Financial Times that Scania was in…