The companies benefiting from Europe’s defence revival

Two years into Russia’s full-scale assault on Ukraine, Europe’s defence industry is booming. The conflict and rising geopolitical tensions elsewhere, including in the Middle East, have boosted the order books of large established players and their suppliers. Global defence spending hit a record $2.2tn last year, while in Europe it …

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McKinsey and BCG warn staff face jail if they reveal Saudi work

Stay informed with free updates Simply sign up to the Accounting & Consulting services myFT Digest — delivered directly to your inbox. The heads of consulting giants McKinsey and BCG told US lawmakers on Tuesday that their employees in Saudi Arabia could face jail if the firms handed over details …

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Yale admissions dean says ‘standardized tests are imperfect and incomplete alone,’ but he’s still bringing back SAT and ACT requirements

Yale University is bringing back the SAT and ACT as requirements for undergraduate admission after years of not asking students to submit standardized exams.   The school will begin the change in the fall and will also accept scores from Advanced Placement or International Baccalaureate exams as an alternative to …

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2025 Renault 4: Reborn electric hatch spied

Renault is busy developing two electric vehicles (EVs) that pay homage to two of the most iconic small cars in its history. Previewed by the 4Ever Trophy concept late in 2022, the revived Renault 4 has been spied testing ahead of an expected debut this year. Like its 5 sibling, …

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McKinsey-led think-tank advised China on policy that fed US tensions

A McKinsey-led think-tank advised China to deepen co-operation between business and the military and push foreign companies out of sensitive industries as part of a project for the central government in 2015. The recommendations in a book by the Urban China Initiative, commissioned by the Chinese government’s central planning agency, …

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McKinsey in soul-searching mood after Bob Sternfels’ re-election

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When Bob Sternfels welcomed guests to a memorial for McKinsey’s revered former global managing partner Ron Daniel on New York’s Park Avenue last Thursday, it was not clear if his …

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