Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s five biggest state-run banks cut deposit rates on Friday as Beijing strengthened efforts to protect lenders’ profitability and provide a buffer against further economic headwinds amid flagging growth. Chinese banks including the Industrial and
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When Joe Biden broached the conflict in Gaza at a fundraiser in Washington earlier this month, his audience would not have immediately sensed anything out of the ordinary. The US president made a point of telling the Democratic donors gathered at the luxurious Salamander hotel on December 12 that America’s commitment to Israel was “unshakeable”.
Stay informed with free updates Simply sign up to the Social affairs myFT Digest — delivered directly to your inbox. The holiday season is a time to reflect on some important questions. How did the year go? Which gifts should you buy? What are the chances that over the next decade we’ll be wiped out
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a science commentator The October email might as well have asked if I would like to continue breathing. Would I consider representing my alma mater, it inquired, on Christmas University Challenge, a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US law firm Paul Weiss has signed the largest commercial office lease in the country this year, according to its new landlord, taking more than 18 floors of a Midtown Manhattan skyscraper in a move
Nike warned of a softer revenue outlook in its second half and that it planned to cut $2bn in costs over the next three years, ultimately sending its shares more than 7 per cent lower in after-hours trading. The athletic apparel group said Thursday that areas of potential savings included simplifying its product mix, increasing
Running Hong Kong’s stock exchange was never going to be an easy job for Nicolas Aguzin, but some who worked with the former star JPMorgan banker say the task was not helped by some of his more unconventional ideas. Months after joining Hong Kong Exchanges and Clearing as chief executive in May 2021, Aguzin proposed
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. Joe Biden has thrown his support behind investigating Nippon Steel’s purchase of US Steel on national security grounds, despite Japan’s status as one of Washington’s closest allies. Nippon’s proposed $14.9bn acquisition of the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt has raised the prospect of the Bank of England reducing interest rates in 2024, saying a cut would be a crucial moment in shifting the economic mood in what is expected to be
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A striking story is bubbling away in the private capital world about Chinese tech company ByteDance, owner of the short-form video platform TikTok. This is not (just) about accusations that TikTok’s user community has a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has said its plans to increase the salary threshold needed to sponsor a loved one for a visa will begin with a jump to £29,000, after a widespread backlash to proposals to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock’s push into alternative investments led it to hold talks with Warburg Pincus as the world’s largest money manager seeks a transformational deal that could reshape the $27tn private funds industry. The two investment groups
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England is likely to incur much bigger losses on its quantitative easing programme than other central banks, according to an analysis by a former member of its interest rate-setting committee. Michael Saunders,
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. The US and China resumed high-level military contacts that have been suspended since a bitter falling out over Taiwan in 2022, with the Pentagon’s top officer on Thursday holding his first call with his counterpart
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japan plans to ease weapons exports curbs to allow several dozen domestically-produced Patriot air defence missiles to be shipped to the US, a move that will help Washington step up critical supplies to Ukraine. Tokyo
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 defended actor Gérard Depardieu, who faces multiple allegations of sexual assault and one of rape, saying calls for him to be stripped of his Legion of Honour medal amounted to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The west is toying with the idea of letting Vladimir Putin have Ukraine. Newly committed western aid to the country dropped nearly 90 per cent from a year earlier, even before the US and EU
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Football’s governing bodies have lost a landmark court case that threatens their hold over the sport in Europe, potentially opening a path for the biggest clubs to form new breakaway competitions. The EU’s top court
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK public sector borrowing fell to £14.3bn in November, as lower spending on government energy support schemes offset a higher bill for benefits. According to data published by the Office for National Statistics on Thursday,
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. This is the last edition of Unhedged for 2023. We will have more to say about both the year that is ending and the year to come in January,
A global rally in government debt has already driven yields past many Wall Street targets for the end of 2024, highlighting how recent market moves have taken analysts by surprise. When banks began sending out their annual forecasts to clients a month ago, they were broadly united in the view that government bonds would rally