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The Biden administration on Monday announced a last-minute trade investigation into older Chinese-made “legacy” semiconductors that could heap more US tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear. US Trade Representative Katherine Tai said the probe aims to protect American and other semiconductor producers from China’s

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US companies are defaulting on junk loans at the fastest rate in four years, as they struggle to refinance a wave of cheap borrowing that followed the Covid pandemic. Defaults in the global leveraged loan

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Joe Biden has stamped his legacy on the federal bench after Senate Democrats raced to confirm more than 200 nominees to lifetime appointments in courts across the US, outpacing Donald Trump’s tally during

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Russian cargo vessel operated by the Ministry of Defence’s logistics fleet sank on Tuesday in international waters between Spain and Algeria while en route from St Petersburg to Vladivostok. The ship, called Ursa Major,

Stay informed with free updates Simply sign up to the Property sector myFT Digest — delivered directly to your inbox. The UK’s listed housebuilders are on track to build the fewest new homes for sale in a decade, as planning rules and high mortgage rates hold the market back despite the new Labour government’s push

Sir Keir Starmer’s friends say the prime minister needs a holiday. After a year of electoral triumph followed by a precipitous drop in support — with no time off in between — the UK Labour party’s high command appears exhausted. “He needs a break, they all need a break,” said one confidant. “These are people

Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. (noun) a brain-rotting vision of our artificially generated future   Weird pictures of a slimy pink Jesus made out of prawns probably weren’t what OpenAI had in mind when it warned that artificial intelligence could destroy

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€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. Working in the historic heart of London’s financial district, one is never far away from a church. Sometimes dwarfed by skyscrapers or blocked by office blocks, commuters may glimpse a spire or two as they

€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

€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

On a recent morning in the Syrian province of Latakia, more than a hundred former soldiers stood quietly, their eyes wide and cautious as they waited to register with the country’s new rebel rulers. A man in fatigues walked around with a poster of ousted president Bashar al-Assad’s face on a stick, asking the men

Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. The UK government has announced a consultation on its zero emission vehicle targets, following complaints from carmakers that the current regime could lead to job cuts as demand for electric vehicles stalls. Transport secretary Heidi

€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

€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

Department store chain Nordstrom will be acquired by its founding family and Mexican retailer Liverpool for nearly $4 billion in an all-cash deal, going private at a time when high-end retailers are grappling with slow demand. The company’s shareholders will get $24.25 for each share they own, Nordstrom said on Monday, an increase from a $23 offer made by the parties in September for shares they did not