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Bond markets have entered a new era of antagonism with governments, fund managers say, as investors sell sovereign debt in big economies such as the UK, France and the US amid a deluge of borrowing. The UK’s heavy-borrowing budget in October has triggered sell-offs in the gilt market, pushing the 10-year yield to its highest

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Less than three months after delivering her first Budget, Rachel Reeves is running into treacherous fiscal waters as rising UK borrowing costs erode her room for manoeuvre.  There is now a real risk that the chancellor will be forced to impose tighter fiscal policy as soon as March, when the Office for Budget Responsibility presents

Financial Times reporters consider the rise of “sovereign” artificial intelligence, the prospects for electric car sales and whether the “masters of the universe” will be investing your pension savings, in our survey of business trends in the year ahead. Technology Trend to watch The short history of generative artificial intelligence has been shaped by the

To call 44-year old Barry Collins a “points nerd” feels woefully inadequate given his level of devotion to the craft. More accurately, he is a points millionaire after completing a challenge set in the closing months of 2024 by Scandinavian airline SAS — to fly around the world using routes operated by 15 members of

In my day job as an FT columnist, I cast a sceptical, often irreverent eye over the world around me. I tend to be someone who challenges everything — not for the sake of it, but because I’m suspicious when a whole group of people believes the same thing. I have often been labelled a “contrarian”. I once hosted a podcast series

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US investors in Chinese venture capital funds are racing to comply with new rules that ban them from backing companies that develop artificial intelligence and other advanced technologies used by the People’s Liberation

Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. The UK’s financial watchdog has yet to penalise any company that failed to take down illegal crypto adverts, despite half of all banned promotions remaining online after the watchdog asked for their removal. Only

€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer has used his first New Year message as UK prime minister to promise “a year of rebuilding” for Britain in 2025, conceding: “There is still so much more to do.” In the

The US’s S&P 500 index has risen more than 20 per cent for the second year in a row, as investor excitement about artificial intelligence fuels strong gains in megacap technology stocks. Despite a sell-off in December, the basket of blue-chip stocks has ended 2024 up 23.3 per cent, following a 24.2 per cent gain

€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. French President Emmanuel Macron has said that he takes responsibility for the political divisions caused by his decision to hold snap parliamentary elections in the summer, saying the move had created “more instability than peace”.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK officials are studying ways to price NHS patients’ data to streamline the sale of information to companies and researchers, as part of proposals to mine the value of the health service’s vast store of

Stay informed with free updates Simply sign up to the Investment Banking myFT Digest — delivered directly to your inbox. Banks are on course to generate their highest annual trading revenues since 2010, as equity derivatives and credit deals help power the business. The industry is expected to bring in almost $225bn in trading revenues

Russian gas flows through Ukraine are set to stop on Wednesday when a transit deal between the two countries expires in the wake of Moscow’s full-scale invasion. The pipeline was one of the last two routes still carrying Russian gas to Europe nearly three years into the full-scale war. EU countries will lose about 5

Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. Chinese President Xi Jinping has stressed support for the country’s vulnerable elderly and youth in a new year address that acknowledged the strains on some of the 1.4bn-strong population. Xi’s speech comes after

Russia’s military prepared detailed target lists for a potential war with Japan and South Korea that included nuclear power stations and other civilian infrastructure, according to secret files from 2013-2014 seen by the Financial Times. The strike plans, summarised in a leaked set of Russian military documents, cover 160 sites such as roads, bridges and

A recent feature of the FT’s annual predictions has been that what was once seen as a light-hearted exercise has increasingly had to grapple with issues of war and peace. This year our writers offer predictions on conflicts in Ukraine, the Middle East, Sudan — and another kind of war, of tariffs. Readers may disagree,

Stay informed with free updates Simply sign up to the Travel & leisure industry myFT Digest — delivered directly to your inbox. New Year’s Eve revellers welcoming 2025 at a 35-hour-long event will be the last to grace the dance floor at the Watergate club, an iconic Berlin venue that has become the latest victim

€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT