The UK’s richest man has built a multi-billion pound business by buying unloved assets.
Your FT guide to next week’s big events
With worldwide debt at $164tn, 190 countries will be included in database dating back to 1950s
With global debt currently at a record high, the International Monetary Fund is launching a database of public and private borrowing across 190 countries – virtually the entire world – dating back to the 1950s.
In April the fund said the global economy was more indebted than before the financial crisis and immediate action needed to be taken before the next downturn. It said worldwide debt now stood at $164tn, equal to 225% of global GDP and up from a previous record of 213% in 2009.
My easy like Sunday morning reads: • How the Father of Computer Science Decoded Nature’s Mysterious Patterns (New York Times) see also The Man Who Changed the World, Twice (New York Times) • A journey through a land of extreme poverty: welcome to America (The Guardian) • David Swensen Wrote an Angry Email. Then He Pressed Send. (Institutional Investor) • The surprising…
Novelis president criticises White House for fuelling volatility
fyc.netflix.com/fysee.html I’m numb. I drove home with the radio off. I just want to bask in the experience, the greatness, of two men still at the top of their game in the flesh. It was the sensibility, the quickness, the jokes. We were eavesdropping on two men talking about their history and their craft. It…