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This article is an on-site version of our Trade Secrets newsletter. Premium subscribers can sign up here to get the newsletter delivered every Monday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Welcome to Trade Secrets. Last week Olaf Scholz was in Beijing; this week Xi Jinping is in the EU,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. During the pandemic, Americans desired more wheels, both stationary and mobile. Two of the standout winners of 2020 were Peloton, the pricey exercise bike company, and used auto retailer Carvana. Both were lossmaking business models

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nintendo’s flagship Nintendo Switch has rewritten game console history. Until the Switch’s launch in 2017, the life cycle of a gaming console was typically about five years. Going into the eighth year since its launch,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK accounting watchdog has imposed multimillion-pound fines on PwC and EY for failures in their audits of London Capital & Finance, the defunct investment group at the centre of one of the biggest retail

Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. China’s President Xi Jinping has lashed out at Nato over its “flagrant” bombing of the Chinese embassy in Belgrade in 1999 as he tries to cement ties with Serbia ahead of a visit

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS has reported its first quarterly profit since taking over Credit Suisse as the Swiss lender begins to reap the benefits of rescuing its former rival. The group on Tuesday reported $1.8bn in net profit

Dmytro Zolotoverekhky, a dentist from Kyiv, says he is “packed and ready to go” on his first deployment as a drone operator for the Ukrainian army. Unlike most regular soldiers who have spent months if not years on the front with little time for rest and recuperation, he will be allowed to return to his

Germany’s main opposition party leader has said Berlin and Brussels are partly to blame for Brexit because they were unwilling to offer the UK real concessions before its pivotal EU referendum in 2016. Friedrich Merz, head of the centre-right Christian Democrats, stopped short of naming Angela Merkel but implied the former chancellor could have done

Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. The writer is the co-founder of Ethereum and CEO & founder of Consensys, a blockchain software company Imagine a scenario in which the US government — suddenly, arbitrarily and without any justifiable authority — outlawed a

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What should politicians do when they have no winning moves left? Rishi Sunak’s allies may have a superficially plausible account about how most of the damage to the party happened before he became prime minister:

Every year, St James’s Place, which over the last three decades has become one of the UK’s most successful financial services companies, organises a glitzy show for its thousands of investment advisers. Guest speakers have included Bill Clinton, Bob Geldof and David Beckham, while top-performing advisers were paraded onstage to huge cheers from their colleagues at

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has carried out night air strikes on Rafah and said a ceasefire proposal accepted by Hamas fell “far from Israel’s necessary requirement”, as international mediators and officials struggled to continue talks to halt fighting

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japanese conglomerate SoftBank is leading an investment of more than $1bn into UK self-driving car start-up Wayve, marking Europe’s largest artificial intelligence deal to date. The funding round, which also includes Nvidia and existing investor

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The personal details of UK military personnel have been targeted in a cyber attack by a hostile state, the British government is expected to announce on Tuesday. The Chinese state is suspected of being behind

Data analytics group Palantir lifted its full-year outlook after a forecast-beating first quarter, although not by as much as Wall Street expected. The company forecast full-year revenue between $2.68bn and $2.69bn, which was slightly higher than its previous estimate, but below consensus expectations for $2.71bn, according to a LSEG poll. Its projection for revenue of

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US aviation safety regulators have opened their second investigation into Boeing this year, after the company revealed falsified inspection records for some of its 787 Dreamliner aircraft. The Federal Aviation Administration’s probe will add to

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global trade growth is set to more than double this year as inflation eases and a booming US economy helps to drive activity, according to international bodies. The OECD, IMF and World Trade Organization are