The US has imposed sanctions on Los Choneros, a feared Ecuadorean crime syndicate, and its fugitive leader José Adolfo Macías. Once a relatively tranquil country popular with foreign retirees, Ecuador is currently tackling a crime wave that has seen the murder rate increase nine-fold since 2017. “Drug trafficking gangs such as Los Choneros, many with
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Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. A US drone strike in Iraq killed the commander of a powerful Iranian-backed militia, the latest retaliatory move by American forces following an attack on a base that killed three US soldiers last month.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chip designer Arm beat Wall Street estimates for revenue and boosted its full-year forecast on Wednesday, sending the shares up about 20 per cent in after-hours trading. The company’s revenue of $824mn was up
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour leader Sir Keir Starmer was criticised by environmental campaigners on Thursday for abandoning his target to spend £28bn a year on green investment after weeks of confusion about the flagship policy. Starmer is poised
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli Prime Minister Benjamin Netanyahu has rejected as “delusional” Hamas’s conditions for a deal to release the hostages it holds in Gaza, warning that accepting the terms would lead to “another massacre”. In a press
Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. Saudi Arabia has reiterated that it would not normalise relations with Israel without western recognition of an independent Palestinian state, in an apparent warning to the US against overselling the prospect of
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. Senate Democrats are set to mount a last-gasp push to secure new funding for Ukraine, as the White House warned that there was “no alternative” to US backing for Kyiv’s war effort. The rush
Stay informed with free updates Simply sign up to the Monetary policy myFT Digest — delivered directly to your inbox. The writer is chair of the House of Commons Treasury select committee When the Bank of England voted to implement quantitative tightening in September 2022, it put the UK economy in uncharted territory — particularly
Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. Beijing has removed the powerful Communist party boss and chair of its securities regulator as authorities battle plunging confidence in Chinese stock markets. The Communist party’s central committee replaced Yi Huiman with Wu
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ørsted has suspended its dividend and slashed targets for developing renewables as the world’s largest offshore wind developer plots a recovery following a calamitous 12 months. The Copenhagen-listed company said on Wednesday it would also
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas is demanding a four-and-a-half month ceasefire in Gaza, an Israeli military withdrawal from the territory and the release of at least 1,500 Palestinians prisoners as part of a proposed three-phase deal to secure the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. How much of a mandate for change does a new government need? Is it enough simply to have won an election or does it require more detailed permission for the tougher parts of its political
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. Harry S Truman famously branded Congress as “do nothing” in 1948. To be fair, the then Republicans were obstructing the Democrats’ agenda because they disagreed with it. Today’s Republicans, on the other hand,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Barratt has reached a £2.5bn deal to buy rival Redrow, creating the UK’s largest housebuilder, as developers weather the property market downturn. The boards of both FTSE housebuilders have recommended that all-share combination, which they
Stay informed with free updates Simply sign up to the UK house prices myFT Digest — delivered directly to your inbox. UK house prices rose for the fourth consecutive month in January to their highest level since October 2022, adding to signs of stabilisation in the property market as mortgage rates ease. The average UK
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Standard Chartered has sounded out UK political heavyweights Sir Charles Roxburgh and Sir Sajid Javid as potential candidates for its next chair when José Viñals steps down. Executive search firm Spencer Stuart has been gauging
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shareholders in Meta are about to start receiving a dividend for the first time. Most of them probably won’t notice. Investors will receive a piddling 50 cents per share each quarter, starting next month. Given the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apologies in advance for another depressing story about aviation. This one at least has a happy ending. Yet a near-miss at Bordeaux-Mérignac airport, outlined in a report by France’s aviation accidents bureau last month, highlights
Being friends with Hank Medina is a dangerous game. Better known by his pen name Litquidity, he is always quietly looking for content — and even your attire could turn you into a viral meme. People who know him say Medina is the last person you would expect to be the “fin-meme lord” who has
This is part of a series ‘Economists Exchange’, featuring conversations between top FT commentators and leading economists Eurozone inflation has slowed from a peak of more than 10 per cent to below 3 per cent, bolstering hopes that the European Central Bank will start cutting interest rates soon, especially after the region’s economy ground to
In the days after Hamas’s October 7 attack and the war that followed, Israeli entrepreneur Ron Daniel left Dubai, his home since 2021, fearing that he was “sitting on a volcano”. The chief executive of asset manager and financial technology company Liquidity Group flew back to the United Arab Emirates a month later after deciding