Fundraising for the tax-efficient assets is up 10 per cent this year — but they remain a niche choice

Putting odds on the economy

Also in this newsletter: why the EU shouldn’t let itself be bullied on tech regulation

Fund paves way for similar vehicles exceeding 15% cap on illiquid holdings for open-ended funds

Innovations may be a costly trap

One of my cardinal rules for investing is to ignore politics — I’m not breaking it yet

While concerns over privacy and control are not without substance, there are strong economic gains to be had

Pound is on course for best month against dollar since September as Trump trades unwind

SEC questions how fund will maintain liquidity and value debt as product begins trading

Executives have met investors this week to test waters on offering that could value company at $35bn

S&P 500 index on course for worst week since September after sell-off in tech sector

If its shift to renewables was premature, its return to oil may also prove ill-timed

It’s not clear whether the stars will align in the latest government attempt to boost activity in UK markets

Steve Parish tells FT summit the watchdog will not actually help clubs

Group will create two new businesses focused on offering green AI computing power and capturing CO₂ emissions

The president sparked enthusiasm for American liquefied natural gas exports by lifting a pause on government permit approvals

Murray Auchincloss predicts ‘tremendous’ demand for oil and gas beyond 2050

US president has threatened 25% duties on EU imports as well as levies on other major trading partners

Company reports drop in assets under management after departure of Ben Whitmore

Plus the continent’s defence industry