FirstFT: King Charles aims to unite UK as he embarks on tour of nations


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Good morning. King Charles III will embark on a tour of the United Kingdom this week, in a public show of commitment to the architecture of the UK as it comes under increasing strain. Liz Truss, the new prime minister, will accompany the King at church services during his tour under long-planned official arrangements.

This morning, the new King has been addressing both houses of parliament in London before embarking on a series of visits, including Scotland today, Northern Ireland tomorrow and Wales on Friday.

His trip will begin in Edinburgh, where the body of the late Queen Elizabeth II arrived yesterday after a six-hour procession from Balmoral that attracted large crowds along the route.

The King and his siblings are expected to lead the procession taking the coffin from Holyroodhouse, up Edinburgh’s Royal Mile to St Giles’s Cathedral. They will follow the hearse on foot. After that, the King will meet Nicola Sturgeon, Scotland’s first minister, and join a session of the Scottish parliament.

Queen Elizabeth II’s state funeral will take place at 11am next Monday, September 19. Here’s a short guide to the funeral and the mourning period.

Go deeper: Robert Shrimsley explains how King Charles will influence UK politics.

Queen Elizabeth II met countless people during her 70-year reign. Did she ever come to your workplace or community? Please share your story via this short form. Thank you for reading FirstFT Americas

1. Ukraine’s defence minister warns of Russian counter-attack Ukraine needs to secure the vast territory it has recaptured from possible Russian counter-attack, the country’s defence minister has warned, as he said Kyiv’s lightning offensive had gone far “better than expected”. The attack has routed the Kremlin’s forces, prompting an unusual admission by Russia’s defence ministry that its troops had to retreat. This morning, Ukraine was also restoring power services after Russian strikes had attacked the country’s infrastructure in retaliation.

2. Swedish election results The nationalist Sweden Democrats, condemned by the centre-left government as “neo-fascists” have become the country’s second-largest party, pushing the opposition rightwing to a slender lead in parliamentary elections that remain too close to call.

3. Wall St jobs are hot again as tech and crypto lay off staff After years of fighting to attract computer engineers who would rather work for big tech groups or crypto start-ups, Wall Street firms say they are recovering lost ground in the talent war as lay-offs and hiring freezes spread through Silicon Valley. Find out why.

4. LumRisk suffers exodus of senior staff The Switzerland-based risk analytics fintech chaired by multi-millionaire financier Arki Busson has lost a number of senior managers as it tries to raise capital and repay bondholders including Louis Bacon’s investment firm Moore Capital.

5. UK economy stagnates as cost of living crisis hits The UK economy stagnated in the three months to July, as the cost of living crisis hit household finances and business activity. UK output was flat in the period compared with the previous three months, according to data from the Office for National Statistics released today.

Line chart of Real GDP index, 2019=100 showing The UK economy stagnated in the three months to July

The day ahead

Oracle reports its results today.

ECB conference The European Central Bank’s seventh annual flagship research conference begins, with opening comments from board member Isabel Schnabel. The Jean Monnet Lecture will be delivered this year by Nobel laureate Jean Tirole.

IAEA gathers The International Atomic Energy Agency’s board meets in Vienna, three months after it passed a resolution condemning Iran for failing to satisfy its inquiries over uranium traces found in three sites.

EU Covid vaccines The European Court of Auditors publishes a special report on the procurement of jabs in the bloc.

What else we’re reading

Repression and poverty trigger record migration in the Americas The Americas are in the grip of their biggest migration crisis, Michael Stott, our Latin America Editor reports. Ricardo Zúñiga, Joe Biden’s special envoy for the “Northern Triangle” countries of Guatemala, El Salvador and Honduras, told the Financial Times that an “alarming” increase in authoritarianism and a failure by governments to improve lives lay behind the record human displacement. He added: “We have never seen anything of this scale in the Americas”.

Biden calls on Americans to defend democracy On the 21st anniversary of 9/11 yesterday, Joe Biden called on Americans to defend their democracy “every single day.” Speaking at the Pentagon, one of the sites struck by a hijacked aeroplane in the 2001 attacks, the US president underscored citizens’ obligation to “defend, preserve and protect” the democratic principles that underpin the nation’s social, political and economic fabric.

The Merge: a blockchain revolution or just more hype? If there is one thing the crypto community has in good supply, it’s promises. Critics have highlighted the industry’s links to criminal activity and its huge carbon footprint. But enthusiasts say Ethereum’s switch to a greener system is a long-awaited chance to prove them wrong.

Disney boss rejects Loeb’s calls to spin off ESPN Bob Chapek, Walt Disney chief executive, has rejected calls by activist investor Dan Loeb to sell or spin off the ESPN sports television network, vowing to restore the business to its one-time status as a growth engine of the company. Chapek told Christopher Grimes: “We have a plan for it that will restore ESPN to its growth trajectory.

Fans wait in line to visit the D23 Expo Marketplace to buy merchandise during the Walt Disney D23 Expo in Anaheim, California
The plans for the future of Disney may be changing © AFP via Getty Images

Scientists discover how air pollution causes lung cancer An international team of scientists has made a breakthrough in identifying how air pollution causes lung cancer in people who have never smoked, a development that could help medical experts prevent and treat tumours.

Don’t be indispensable at work The internet teems with advice on how to become “the person no one can live without”. But, as Miranda Green explains, making people dependent on you, can actually be a terrible trap.


After being hard hit by Covid, New York is looking to the future. After a major redevelopment during the pandemic, David Geffen Hall, home of the New York Philharmonic, is due to reopen at the Lincoln Center next month — two years ahead of schedule. The Philharmonic is also launching an imaginative programme for the opening season, but Deborah Borda, president, chief executive, and clearly a crucial player behind all this activity has announced she is to leave her post. Richard Fairman speaks to the living legend among American arts administrators, to find out what’s next for her, and the orchestra.

Disrupted Times — Documenting the changes in business and the economy between Covid and conflict. Sign up here

Asset ManagementSign up here for the inside story of the movers and shakers behind a multitrillion-dollar industry

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