An illustration by Joe Cummings depicting Prince Alwaleed bin Talal ©Joe Cummings Person in the news 8:40pm

Prince Alwaleed, singular Saudi scion

A wrangle over a rich list reveals much about a royal with towering ambition, says Michael Peel

The A-List

Amid congressional dysfunction, the central bank’s strategy of unorthodox monetary policy seems to be the only way forward
– Mohamed El-Erian
The news from Caracas reminds Chinese officials that their government continues to depend on commercial relations with relatively unpredictable countries
– Ian Bremmer
The signs are encouraging for Republicans to co-operate with the president on the issue
– Bruce Bartlett
OPINION 5:41pm

Iraq: a display of declining US power

The only winners were the forces the coalition of the willing sought to defeat, writes David Gardner

J. McHugh illustration OPINION 8:00pm

A prescription to restore NHS to health

Changes to practices and policies might improve the service, writes Sarah Neville

Christopher Caldwell from COLUMNISTS 5:32pm

Apathy over the Dow’s rise is unsurprising

What looks like a rally may just be the effect of elites passing money among themselves

OPINION 7:35pm

It is rash to blunt the UK’s fighting edge

German withdrawal is welcome but the assault on defence spending carries risks, says Max Hastings

Undercover Economist 8:06pm

A ‘simple rule’ about migrants and benefits

Clues to the UK’s woes lurk in its own backyard, writes Tim Harford

FT Editorial
Chief Executive Officer of the Swiss company Rolex Watches, Patrick Heiniger smiles after being made Head of Arts and Letters by French Minister of Culture Renaud Donnedieu de Vabres (not pictured) during a ceremony 27 January 2005, in Paris ©AFP OBITUARIES 6:38pm

Patrick Heiniger, watch executive

Rolex chief who designed a crucial restructuring

On Wall Street from MARKETS 4:01pm

Bond traders take bearish action on junk

Selling may trigger major dislocation for interest rate markets

Illustration by Shonagh Rae of Britain being cut in half by a letter A ©Shonagh Rae Gillian Tett from LIFE & ARTS 6:18pm

Where austerity really hits home

The next time that a market analyst blithely demands yet more austerity, they should visit the backstreets of a northern town

Inside London from MARKETS 3:06pm

Aviva’s woes expose insurance deal legacy

Buying shares triumph of hope over experience