On the tarmac of Waco Regional Airport last weekend, just a few miles from the site of the deadly stand-off between federal law enforcement and members of the Branch Davidian religious cult 30 years ago, Donald Trump delivered his latest, defiant manifesto for his place in American politics. “I am your warrior, I am your
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The Kremlin has adopted a new foreign policy doctrine which identifies the US as the “main source of threats” to Russian security while describing Russia as a “distinctive state-civilisation” with a “unique historical mission”. The document is the first update to the doctrine since 2016 and reflects the “radical changes in the international affairs”, President
The indictment of Donald Trump takes America into truly uncharted waters. Never before has a current or former US president faced criminal charges. The indictment brought against him in New York falls well short of the allegations being investigated elsewhere that he fomented an assault on the US Capitol to overturn the result of an
Donald Trump will turn himself in to New York prosecutors on Tuesday, his lawyer said, insisting the former president would “not be put in handcuffs”. Joe Tacopina added he expected the charges — the first criminal indictment in history of an ex-US president — to relate to payments to buy the silence of porn actress
The writer is an FT contributing editor and writes the Chartbook newsletter Faced with a rash of banking crises it is tempting to declare, plus ça change. There is nothing more inevitable than death, taxes and bank failures. But what about the bailouts? The publicly subsidised takeover of Credit Suisse by UBS and the hasty
Russian and Belarusian tennis players will be allowed to compete in this year’s Wimbledon Championships after a ban in place since last year was lifted on Friday by the UK’s governing body for the sport. The Lawn Tennis Association last year barred players from the two countries from entering tournaments held in Britain following Russia’s
Just after sunset on Tuesday, Humza Yousaf led his family in Islamic prayer and broke his Ramadan fast in unusual surroundings: the 18th-century chandeliered drawing room of Bute House, grand Edinburgh residence of Scotland’s first ministers. Yousaf, 37, had just made history. Scotland’s devolved parliament had that day confirmed him as the nation’s first Muslim
The Biden administration has offered limited relief to carmakers worried about being frozen out of generous new US tax credits for electric vehicles, proposing rules on battery minerals that would expand access to the subsidies. The long-awaited guidance released by the Treasury department on Friday spells out details on EV incentives established by the Inflation
A top UK fund manager has defended domestic pension funds for cutting their exposure to London-listed stocks, warning that the City has fallen into the “backwater” of global equity markets. Nick Train, who co-founded investment firm Lindsell Train, which manages over £18bn, said that “the sad fact is you can understand pension fund asset allocators’
Donald Trump on Thursday became the first former president to be indicted in the near-250-year history of the US. Trump, who leads in polling to be the Republican candidate for president in 2024, was charged by a New York state grand jury following an investigation by Manhattan district prosecutors led by Alvin Bragg. Trump, 76,
Eurozone inflation has fallen more steeply than expected to its lowest level for a year after a decline in energy costs. But economists warned an acceleration in the rate of price increases for food and services was likely to worry the region’s rate-setters. Consumer prices in the euro area rose 6.9 per cent in the
Passengers flying from London’s Heathrow airport face potential disruption over the Easter holidays after security staff began a strike in a row over pay. More than 1,400 members of the Unite union began 10 days of industrial action on Friday after last-ditch talks to find a deal broke down. The strike will run until Easter
European stocks and US futures inched higher on Friday ahead of closely watched inflation readings on both sides of the Atlantic, with traders on the alert for the impact on consumer prices of higher interest rates. Europe’s region-wide Stoxx 600 was flat shortly after opening and is on track to finish the quarter up more
China’s non-manufacturing sector activity expanded at the fastest rate in more than a decade in March, but manufacturing growth dipped from the previous month in further signs of an uneven recovery as the economy struggles to emerge from the shadow of the pandemic. The National Bureau of Statistics non-manufacturing purchasing managers’ index, which includes the
During the depths of the global financial crisis, Colm Kelleher was instrumental in keeping Morgan Stanley afloat — an experience the Irish finance veteran will draw on as he oversees the biggest bank takeover since those tumultuous days. “He was on the phone with regulators all the time,” recalled John Mack, Morgan Stanley’s chief executive
I’m not sure people on my side of the Atlantic fully appreciate quite how much better off the average American is than the average European. A car-wash manager in Alabama can now earn $125,000, about 50 per cent more than the head of cyber security at the UK Treasury even after accounting for different living
Donald Trump was a norm-shattering American president during four tumultuous years in the White House. Now, with a Manhattan grand jury handing down a criminal indictment against him on Thursday evening, Trump and the US have once again hurtled into uncharted — possibly dangerous — territory. The news of the grand jury’s vote upended recent
When troubles come, they come not single spies but in battalions. Donald Trump’s criminal indictment — the first in history of a former, and possibly future, US president — has a Shakespearean quality to it. This dramatic moment has been long anticipated and cued by Trump himself, who expected it to take place last week.
Donald Trump has been indicted following a years-long investigation by Manhattan prosecutors that has led to the first criminal charges against a former US president in the country’s history, according to his lawyers. “President Trump has been indicted. He did not commit any crime. We will vigorously fight this political prosecution in court,” his lawyers
Japan is planning to impose export restrictions on 23 types of equipment used to manufacture semiconductors, as the geopolitical tensions between the US and China sharpen, the government said on Friday. The restrictions, which will come into effect in July, will require Japanese companies that feature heavily and critically in the global semiconductor supply chain,
Europe should reject Washington’s demands to curb trade with Beijing, a senior Chinese diplomat said, warning any country that shredded business ties with his nation would do so “at their own peril”. Fu Cong, China’s ambassador to the EU, claimed the US would “stop at nothing” to disrupt normal relations between the bloc and China,