The economic impact of extreme heat

Meta will cut 10% of its staff next month, BP suffered a heavy defeat at its annual shareholder meeting, and the Paramount–Warner Brothers Discovery deal is one step closer to being sealed. Plus, the Trump family’s crypto company is in hot water, and a US official is vying to get ...  Show more

Tesla’s profits rebounded from last year’s lows, Brent crude jumped back above $100 a barrel on Wednesday after Iran’s navy said it seized two commercial ships in the Strait of Hormuz, and China’s new trade rules have concerned businesses operating in the country. Plus, the FT’s ...  Show more

The world economy has experienced many shocks over the past few years: A pandemic. Russia’s invasion of Ukraine. Skyrocketing inflation. These are the stories that have dominated headlines — and for good reason.

But they’ve also overshadowed a set of deeper, more fundame ...