The global crisis left many economies heavily indebted. But there are ways policy makers can repair the damage Read more

A breakdown of all of the recepients in this year’s list Read more

Martin Stabe

The European Central Bank on Sunday released the long-awaited results of its stress test.

The test, conducted on 130 euro area lenders, requires banks to have common equity tier one ratios of more than 5.5 per cent even under a “adverse scenario” of falling economic output, rising unemployment and declining house prices.

The stress test found 25 banks had capital shortfalls under the adverse scenario applied to banks’ balance sheets as of the end of 2013. However, that number fell to 13 once capital raised by the banks in 2014 was taken into account.

This sortable table shows a summary of the results of the stress test, including any shortfall after net capital raised since December 2013 is taken into account. Read more

The world’s population is changing in ways that could barely be imagined a generation ago, and at a pace that is faster than any in recorded history. Not only are we all living longer, but in the richest countries – and in many newly middle class nations – people are having too few babies to keep population stable. By 2050, according to UN projections, those aged over 65 will outnumber children aged 5 and under, for the first time in human history. Read more


Based on the voter registration data and the Press Association’s estimated declaration times, here is an approximate timetable of what to expect during the night of the count Read more

Interactive map by Jennifer Bissell

The interactive map below, based on data from International Rivers, shows the 24 dam projects in Africa that involve either Chinese sources of finance or Chinese developers or construction firms.

Base map design: Mapbox, Base map data: OpenStreetMap contributors

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So the UK economy grew 0.8 per cent in the second quarter of 2014, leaving output on this preliminary estimate at just about the previous peak set in Q1 2008, over six years ago. For an economy that produces almost £400bn a quarter in gross domestic product, exceeding the previous peak by £752m is really small beer, as our first chart below the break shows.

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Since 2008, the Tier 1 (General) visa has allowed 33,756 people to come to the UK as highly skilled migrants. They brought 47,535 dependents with them.

On December 22nd, 2010, the visa route was closed to new overseas applicants.

For those who came to the UK on this visa and have been here for five years, there is one last test to pass in order to be allowed to stay in the UK indefinitely – without further visa restrictions.

Would you qualify to stay in the UK as a highly skilled migrant?

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Isis in Iraq interactive map

The offensive of insurgent groups led by the Islamic State of Iraq and the Levant (known as Isis) has taken Iraq to the brink of a sectarian civil war. Iraq’s army buckled under the advance last week, allowing Sunni militants to over-run major towns and cities, including Mosul, Iraq’s second-largest city.

While Isis aims to wipe away post-colonial borders to create an Islamic state across much of Syria and Iraq, it joined with other Sunni insurgent groups opposed to the Shia government in Baghdad. With Kurds in northern Iraq also seeing an opportunity to consolidate greater autonomy, the crisis theatens Iraq’s very existence. Read more

Top bankers examined for the Financial Times’ annual research of bank chief executive pay have been rewarded more generously in 2013, making good for a drop in the previous year and bringing pay back above 2011 levels.

Average chief executive pay at 15 leading US and European banks increased 10.1 per cent last year to $13m, according to data compiled exclusively for the FT by Equilar, the executive pay research firm.

Explore the bank chief executives and their pay in this interactive graphic.

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Voters will go to the polls in all 32 London boroughs, 36 metropolitan authorities and handful of other councils on May 22. This interactive map and cartogram shows the current state of parties in the local authorities holding elections, and some of the possible scenarios for the elections’ outcomes.

The recovery in the world’s leading economies is strengthening, according to the Tracking Indices for the Global Economic Recovery, the Brookings Institution-Financial Times index of the global economy.

Explore the index with this interactive graphic. You can read more analysis from Eswar Prasad, Karim Foda, and Arnav Sahu on the Money Supply blog.

Russia is just the latest of more than 40 countries subject to sanctions since 2000, with 35 restrictions still in placeincluding a growing range of targeted measures.

Martin Stabe

Banks have paid more than $100bn in legal settlements with US regulators since the financial crisis, data compiled by FT reporters shows.

Update, November 12, 2014: Our dataset now includes the settlements with the the US Office of the Comptroller of the Currency and the Commodity Futures Trading Commission relating to the global probe into allegations of widespread forex rate-rigging. The new data bring the total fines and settlements in 2014 to $56.7bn, making it the most expensive year on record. Read more

More millionaires migrated to the UK between 2003 and 2013 than to any other country worldwide, and London topped the rankings for millionaire residents in a single city.

A net flow of 114,100 dollar millionaires flocked to the UK over the decade in question, taking the country’s total to 815,000, or 13 people per 1,000 residents.

More than 60 per cent of millionaires moving to the UK since 2003 were from Europe, according to the report compiled by specialists in wealthy individuals, New World Wealth. The figures exclude the value of primary residences.

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Members of the professional middle class in England and Wales have seen a rapid decline in their options when looking for a place to buy a house. The number of electoral wards where the average property price is above the affordability threshold has risen from just 101 (1.1 per cent) in 1995 to 489 (5.7 per cent) in 2012.

Martin Stabe

Surprisingly strong Christmas period retail sales data out today showed that UK shoppers spent 7.1 per cent more than in December 2012. Read more

London is getting younger. In contrast, the UK as a whole is getting older.

At least since Michael Goldfarb’s incendiary op-ed in the New York Times, there has been discussion about a “great exodus” from London. This chart shows that there is nothing new in recent history about net internal emigration from the capital. …

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Martin Stabe

Will your area of London be affected by the closure of ten fire stations today?

This map divides London into regions around each existing fire station. In areas shaded dark red, the nearest fire station will be closed. In regions shaded lighter red, the local station will lose a fire engine or specialist rescue unit. In blue-shaded regions, the nearest fire station will gain an additional fire engine.

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