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Updates
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More people — particularly from the US — are flying across the Atlantic than ever before. Some investors are worried about how long the trend can keep climbing. Register with FT Edit to read for free. [total flights in either direction chat]
Record-breaking summer for flights across Atlantic tests demand for travel
ft.com
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The former manager took the England men’s football team to two major tournament finals and a semi-final in the space of six years. But easy routes through tournaments flattered his record: https://on.ft.com/3ygdpxY
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Opinion: The fallout appears to span large swaths of the world economy. Such a widespread failure will, at the very least, raise serious questions about quality control and internal testing processes. That should spook customers. https://on.ft.com/4cKvkMh
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Inflation is definitely helping to drive up the cost of car insurance, but below the surface it's a combination of everything from the lack of cost controls to the rise of electric vehicles. Register with FT Edit to read for free.
What’s driving the car insurance crisis?
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Global banks, brokers and financial technology companies including JPMorgan Chase, UBS and Bloomberg were hit by the global IT outage, leaving some traders unable to access their systems in order to process trades. https://on.ft.com/4f3eZnL
Trading disrupted as outage hits banks and brokers
ft.com
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‘Figures like that were unheard of five years ago in London and show how the industry has become more analogous to investment banking.’ A small group of partners in London, working mainly in the private equity space, now earn as much as $20mn a year at top US firms while average partner profits are $5mn or more, putting pressure on the ‘magic circle’ to respond https://on.ft.com/3LvlRwt
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Good morning New York. While you were sleeping (and if you're online) this was our most read piece. https://on.ft.com/468YPoJ
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The Microsoft problems are already shaping up to be one of the biggest IT outages ever, affecting countless businesses and individuals all over the world. But what actually happened? We explain https://on.ft.com/3Y9DzgE