International donors on Monday committed over $9 billion to help Pakistan recover from ruinous floods last year, exceeding its external financing goals and paving the way for a new model on raising funds to fight climate disasters in poorer countries. Officials from some 40 countries…

Vale has received multiple bids for a stake in its base metals business after talks with parties from carmakers to sovereign wealth funds, its chief executive said, as he predicted the division could become “even bigger” than the Brazilian mining group itself. Eduardo Bartolomeo said…

Digital currencies will have a “very important place” in finance, according to veteran banker Bob Diamond, even as last year’s market carnage thwarted his plan to take stablecoin group Circle public.The former Barclays chief executive told the Financial Times that “there’s going to be a…

The writer is president of financial reform advocacy group Better Markets This year looks to be both busy and consequential for the development of better protection for investors and markets in the US. The ongoing crypto carnage is the latest reminder of how important that is.In…

TikTok is offering cheaper advertising rates than rival social media platforms as the fast-growing video app moves to grab a larger share of the digital ads market amid a slowdown in online spending. Advertisers, industry bodies and brands have told the Financial Times an increasing…

Two scoops to start: First, CVC-owned US public relations firm Teneo is set to deepen its footprint in the UK financial communications market on Tuesday with the purchase of smaller rival Tulchan. And second, US activist investor Jeff Ubben has taken a $500mn stake in…