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href="https://markets.ft.com/data" data-trackable="Markets Data" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Markets Data</a></li><li class="o-header__drawer-menu-item"><a href="/crypto" data-trackable="Crypto" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Crypto</a></li><li class="o-header__drawer-menu-item"><a href="/capital-markets" data-trackable="Capital Markets" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Capital Markets</a></li><li class="o-header__drawer-menu-item"><a href="/commodities" data-trackable="Commodities" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Commodities</a></li><li class="o-header__drawer-menu-item"><a href="/currencies" data-trackable="Currencies" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Currencies</a></li><li class="o-header__drawer-menu-item"><a href="/equities" data-trackable="Equities" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Equities</a></li><li class="o-header__drawer-menu-item"><a href="/ft-wealth-management" data-trackable="Wealth Management" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Wealth Management</a></li><li class="o-header__drawer-menu-item"><a href="/moral-money" data-trackable="Moral Money" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Moral Money</a></li><li class="o-header__drawer-menu-item"><a href="https://etf.ft.com" data-trackable="ETF Hub" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">ETF Hub</a></li><li class="o-header__drawer-menu-item"><a href="/fund-management" data-trackable="Fund Management" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Fund Management</a></li><li class="o-header__drawer-menu-item"><a href="/ft-trading-room" data-trackable="Trading" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Trading</a></li></ul></li><li class="o-header__drawer-menu-item"><a href="/climate-capital" data-trackable="Climate" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">Climate</a></li><li class="o-header__drawer-menu-item"><div class="o-header__drawer-menu-toggle-wrapper"><a href="/opinion" data-trackable="Opinion" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--parent">Opinion</a><button aria-controls="o-header-drawer-child-7" data-trackable="sub-level-toggle | Opinion" class="o-header__drawer-menu-toggle o-header__drawer-menu-toggle--unselected">Show more Opinion</button></div><ul id="o-header-drawer-child-7" data-trackable="sub-level" class="o-header__drawer-menu-list o-header__drawer-menu-list--child"><li class="o-header__drawer-menu-item"><a href="/columnists" data-trackable="Columnists" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Columnists</a></li><li class="o-header__drawer-menu-item"><a href="/ft-view" data-trackable="The FT View" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">The FT View</a></li><li class="o-header__drawer-menu-item"><a href="/the-big-read" data-trackable="The Big Read" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">The Big Read</a></li><li class="o-header__drawer-menu-item"><a href="/lex" data-trackable="Lex" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Lex</a></li><li class="o-header__drawer-menu-item"><a href="/obituaries" data-trackable="Obituaries" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Obituaries</a></li><li class="o-header__drawer-menu-item"><a href="/letters" data-trackable="Letters" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Letters</a></li></ul></li><li class="o-header__drawer-menu-item"><a href="/lex" data-trackable="Lex" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">Lex</a></li><li class="o-header__drawer-menu-item"><div class="o-header__drawer-menu-toggle-wrapper"><a href="/work-careers" data-trackable="Work & Careers" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--parent">Work & Careers</a><button aria-controls="o-header-drawer-child-9" data-trackable="sub-level-toggle | Work & Careers" class="o-header__drawer-menu-toggle o-header__drawer-menu-toggle--unselected">Show more Work & Careers</button></div><ul id="o-header-drawer-child-9" data-trackable="sub-level" class="o-header__drawer-menu-list o-header__drawer-menu-list--child"><li class="o-header__drawer-menu-item"><a href="https://rankings.ft.com/business-education" data-trackable="Business School Rankings" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Business School Rankings</a></li><li class="o-header__drawer-menu-item"><a href="/business-education" data-trackable="Business Education" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Business Education</a></li><li class="o-header__drawer-menu-item"><a href="https://rankings.ft.com/incubator-accelerator-programmes-europe" data-trackable="Europe's Start-Up Hubs" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Europe's Start-Up Hubs</a></li><li class="o-header__drawer-menu-item"><a href="/entrepreneurship" data-trackable="Entrepreneurship" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Entrepreneurship</a></li><li class="o-header__drawer-menu-item"><a href="/recruitment" data-trackable="Recruitment" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Recruitment</a></li><li class="o-header__drawer-menu-item"><a href="/business-books" data-trackable="Business Books" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Business Books</a></li><li class="o-header__drawer-menu-item"><a href="/business-travel" data-trackable="Business Travel" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Business Travel</a></li><li class="o-header__drawer-menu-item"><a href="/working-it" data-trackable="Working It" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Working It</a></li></ul></li><li class="o-header__drawer-menu-item"><div class="o-header__drawer-menu-toggle-wrapper"><a href="/life-arts" data-trackable="Life & Arts" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--parent">Life & Arts</a><button aria-controls="o-header-drawer-child-10" data-trackable="sub-level-toggle | Life & Arts" class="o-header__drawer-menu-toggle o-header__drawer-menu-toggle--unselected">Show more Life & Arts</button></div><ul id="o-header-drawer-child-10" data-trackable="sub-level" class="o-header__drawer-menu-list o-header__drawer-menu-list--child"><li class="o-header__drawer-menu-item"><a href="/arts" data-trackable="Arts" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Arts</a></li><li class="o-header__drawer-menu-item"><a href="/books" data-trackable="Books" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Books</a></li><li class="o-header__drawer-menu-item"><a href="/food-drink" data-trackable="Food & Drink" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Food & Drink</a></li><li class="o-header__drawer-menu-item"><a href="/magazine" data-trackable="FT Magazine" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">FT Magazine</a></li><li class="o-header__drawer-menu-item"><a href="/house-home" data-trackable="House & Home" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">House & Home</a></li><li class="o-header__drawer-menu-item"><a href="/style" data-trackable="Style" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Style</a></li><li class="o-header__drawer-menu-item"><a href="/travel" data-trackable="Travel" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Travel</a></li><li class="o-header__drawer-menu-item"><a href="/globetrotter" data-trackable="FT Globetrotter" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">FT Globetrotter</a></li></ul></li><li class="o-header__drawer-menu-item"><div class="o-header__drawer-menu-toggle-wrapper"><a href="/personal-finance" data-trackable="Personal Finance" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--parent">Personal Finance</a><button aria-controls="o-header-drawer-child-11" data-trackable="sub-level-toggle | Personal Finance" class="o-header__drawer-menu-toggle o-header__drawer-menu-toggle--unselected">Show more Personal Finance</button></div><ul id="o-header-drawer-child-11" data-trackable="sub-level" class="o-header__drawer-menu-list o-header__drawer-menu-list--child"><li class="o-header__drawer-menu-item"><a href="/mortgages" data-trackable="Property & Mortgages" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Property & Mortgages</a></li><li class="o-header__drawer-menu-item"><a href="/investments" data-trackable="Investments" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Investments</a></li><li class="o-header__drawer-menu-item"><a href="/pensions" data-trackable="Pensions" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Pensions</a></li><li class="o-header__drawer-menu-item"><a href="/tax" data-trackable="Tax" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Tax</a></li><li class="o-header__drawer-menu-item"><a href="/banking-savings" data-trackable="Banking & Savings" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Banking & Savings</a></li><li class="o-header__drawer-menu-item"><a href="/advice-comment" data-trackable="Advice & Comment" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Advice & Comment</a></li><li class="o-header__drawer-menu-item"><a href="/next-act" data-trackable="Next Act" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--child">Next Act</a></li></ul></li><li class="o-header__drawer-menu-item"><a href="/htsi" data-trackable="HTSI" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">HTSI</a></li><li class="o-header__drawer-menu-item"><a href="/special-reports" data-trackable="Special Reports" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">Special Reports</a></li></ul><h2 id="ft-recommends" class="o-header__drawer-menu-item o-header__drawer-menu-item--heading">FT recommends</h2><ul aria-labelledby="ft-recommends" class="o-header__drawer-menu-list"><li class="o-header__drawer-menu-item"><a href="/alphaville" data-trackable="Alphaville" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">Alphaville</a></li><li class="o-header__drawer-menu-item"><a href="/ft-edit" data-trackable="FT Edit" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">FT Edit</a></li><li class="o-header__drawer-menu-item"><a href="/lunch-with-the-ft" data-trackable="Lunch with the FT" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">Lunch with the FT</a></li><li class="o-header__drawer-menu-item"><a href="/globetrotter" data-trackable="FT Globetrotter" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">FT Globetrotter</a></li><li class="o-header__drawer-menu-item"><a href="https://www.ft.com/tech-asia" data-trackable="#techAsia" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">#techAsia</a></li><li class="o-header__drawer-menu-item"><a href="/moral-money" data-trackable="Moral Money" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">Moral Money</a></li><li class="o-header__drawer-menu-item"><a href="/visual-and-data-journalism" data-trackable="Visual and data journalism" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">Visual and data journalism</a></li><li class="o-header__drawer-menu-item"><a href="/newsletters" data-trackable="Newsletters" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">Newsletters</a></li><li class="o-header__drawer-menu-item"><a href="/video" data-trackable="Video" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">Video</a></li><li class="o-header__drawer-menu-item"><a href="https://www.ft.com/podcasts" data-trackable="Podcasts" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">Podcasts</a></li><li class="o-header__drawer-menu-item"><a href="/news-feed" data-trackable="News feed" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">News feed</a></li><li class="o-header__drawer-menu-item"><a href="/ft-schools" data-trackable="FT Schools" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">FT Schools</a></li><li class="o-header__drawer-menu-item"><a href="https://events.ft.com/events-list" data-trackable="FT Live Events" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">FT Live Events</a></li><li class="o-header__drawer-menu-item"><a href="https://forums.ft.com/" data-trackable="FT Forums" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">FT Forums</a></li><li class="o-header__drawer-menu-item"><a href="https://bdp.ft.com/" data-trackable="Board Director Programme" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected">Board Director Programme</a></li></ul><ul class="o-header__drawer-menu-list o-header__drawer-menu-list--divide"><li class="o-header__drawer-menu-item"><a href="/myft" data-trackable="myFT" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--secondary">myFT</a></li><li class="o-header__drawer-menu-item"><a href="https://markets.ft.com/data/portfolio/dashboard" data-trackable="Portfolio" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--secondary">Portfolio</a></li><li class="o-header__drawer-menu-item"><a href="https://www.ft.com/todaysnewspaper" data-trackable="FT Digital Edition" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--secondary">FT Digital Edition</a></li><li class="o-header__drawer-menu-item"><a href="https://www.ft.com/crossword" data-trackable="Crossword" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--secondary">Crossword</a></li><li class="o-header__drawer-menu-item"><a href="https://www.ft.com/tour/apps" data-trackable="Our Apps" class="o-header__drawer-menu-link o-header__drawer-menu-link--unselected o-header__drawer-menu-link--secondary">Our Apps</a></li></ul></nav><nav data-trackable="user-nav" class="o-header__drawer-menu o-header__drawer-menu--user"><ul class="o-header__drawer-menu-list"><li class="o-header__drawer-menu-item"><a href="https://help.ft.com" data-trackable="Help Centre" class="o-header__drawer-menu-link">Help Centre</a></li><li class="o-header__drawer-menu-item"><a href="/products?segmentId=d290332b-e8e8-d29b-2ff4-2019b13f008a" data-trackable="Subscribe" 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