Financial Times in the context of "US$"

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⭐ Core Definition: Financial Times

The Financial Times (FT) is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on financial journalism and economic analysis rather than generalist reporting, drawing both criticism and acclaim. It sponsors an annual book award and publishes a "Person of the Year" feature.

The paper was founded in January 1888 as the London Financial Guide before rebranding a month later as the Financial Times. It was first circulated around metropolitan London by James Sheridan, who, along with his brother and Horatio Bottomley, sought to report on city business opposite the Financial News. The succeeding half-century of competition between the two papers eventually culminated in a 1945 merger, led by Brendan Bracken, which established it as one of the largest business newspapers in the world.

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In this Dossier

Financial Times in the context of Robin Lane Fox

Robin James Lane Fox, FRSL (born 5 October 1946) is an English classicist, ancient historian, and gardening writer known for his works on Alexander the Great. Lane Fox is an Emeritus Fellow of New College, Oxford, and Reader in Ancient History, University of Oxford. Fellow and Tutor in Ancient History at New College from 1977 to 2014, he serves as Garden Master and as Extraordinary Lecturer in Ancient History for both New College and Exeter College. He has also taught Greek and Latin literature and early Islamic history.

His major publications, for which he has won literary prizes including the James Tait Black Award, the Duff Cooper Prize, the Heinemann Award and the Runciman Award, include studies of Alexander the Great and Ancient Macedon, Late Antiquity, Christianity and Paganism, the Bible and history, and the Greek Dark Ages. In addition, he is the gardening correspondent of the Financial Times.

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Financial Times in the context of Iron mine

Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite (Fe
3
O
4
, 72.4% Fe), hematite (Fe
2
O
3
, 69.9% Fe), goethite (FeO(OH), 62.9% Fe), limonite (FeO(OH)·n(H2O), 55% Fe), or siderite (FeCO3, 48.2% Fe).

Ores containing very high quantities of hematite or magnetite (typically greater than about 60% iron) are known as natural ore or [direct shipping ore], and can be fed directly into iron-making blast furnaces. Iron ore is the raw material used to make pig iron, which is one of the primary raw materials to make steel — 98% of the mined iron ore is used to make steel. In 2011 the Financial Times quoted Christopher LaFemina, mining analyst at Barclays Capital, saying that iron ore is "more integral to the global economy than any other commodity, except perhaps oil".

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Financial Times in the context of Bank of Saint George

The Bank of Saint George (Italian: Casa delle compere e dei banchi di San Giorgio or informally as Ufficio di San Giorgio or Banco) was a financial institution of the Republic of Genoa. It was founded on 23 April 1407 to consolidate the public debt, which had been escalating due to the war with Venice for trading and financial dominance. The Bank's primary mission was to facilitate the management of the San Giorgio shares (luoghi). It was one of the oldest chartered banks in Europe and of the world. The Bank's headquarters were at the Palazzo San Giorgio. The Financial Times hailed it as "the world's first modern, public bank", partly due to its innovative character.

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Financial Times in the context of Nikkei, Inc.

Nikkei, Inc. (Japanese: 株式会社日本経済新聞社, Hepburn: Kabushiki gaisha Nihon Keizai Shinbun-sha) is a Japanese media and publishing company which owns The Nikkei and the Financial Times. Its first publication was in 1876 with the publication of The Chugai Bukka Shimpo (Domestic and Foreign Prices News). In 1946, the company name was changed to Nihon Keizai Shimbunsha, while the newspaper changed its title to the Nihon Keizai Shimbun, both of which were later shortened to Nikkei.

Nikkei is an employee-owned company; Japanese law does not allow newspaper companies to be publicly traded.

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Financial Times in the context of Financial Times and McKinsey Business Book of the Year Award

Financial Times Business Book of the Year Award is an annual award given to the best business book of the year as determined by the Financial Times. It aims to find the book that has "the most compelling and enjoyable insight into modern business issues". The award was established in 2005 and is worth £30,000. Beginning in 2010, five short-listed authors each receive £10,000, an increase from the previous £5,000.

The award's principal partner was Goldman Sachs from 2005 to 2013, when it was known as the "Financial Times and Goldman Sachs Business Book of the Year Award". McKinsey & Company supported the Business Book Award from 2014 until 2021, when it was known as the "Financial Times and McKinsey Business Book of the Year Award".

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Financial Times in the context of Financial Times Person of the Year

The Financial Times, a British business newspaper, annually nominates a Person of the Year to the person the newspaper has considered has demonstrated considerable influence in a given year. There appear to have been a number of instances (1971, 1979, 1995) when no person was nominated.

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Financial Times in the context of Horatio Bottomley

Horatio William Bottomley (23 March 1860 – 26 May 1933) was an English financier, journalist, editor, newspaper proprietor, swindler, and Member of Parliament. He is best known for his editorship of the popular magazine John Bull, and for his nationalistic oratory during the First World War. His career came to a sudden end when, in 1922, he was convicted of fraud and sentenced to seven years' imprisonment.

Bottomley spent five years in an orphanage before beginning his career, aged 14, as an errand boy. Subsequent experience as a solicitor's clerk gave him a useful knowledge of English law, which he later put to effective use in his court appearances. After working as a shorthand writer and court reporter, at 24 he founded his own publishing company, which launched numerous magazines and papers, including, in 1888, the Financial Times. He overreached with an ambitious public flotation of his company, which led to his first arraignment on fraud charges in 1893. Despite evidence of malpractice, Bottomley, who defended himself, was acquitted. He subsequently amassed a fortune as a promoter of shares in gold-mining companies.

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Financial Times in the context of Financial News (1884–1945)

The Financial News was a daily British newspaper published in London. It was founded in 1884 by Harry Marks. Marks began his career with United States newspapers. He set up Financial News to expose fraudulent investments. Marks himself was key to the paper's early growth, when it had a buccaneering nature to fight against corruption and to compete with the Financial Times. After Marks' death, sales declined. Financial News was subsequently bought by publishers Eyre & Spottiswoode in 1928 and run by Brendan Bracken. It eventually merged with Financial Times in 1945.

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