The US will resume deporting Venezuelans who have entered the country illegally, the State Department announced on Thursday afternoon. “This decision is consistent with the administration’s efforts to implement a strategy of humane, safe, and orderly enforcement of our immigration laws,” a State Department statement read. Venezuela, which is mired in economic and political crisis,
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Your browser does not support playing this file but you can still download the MP3 file to play locally. Rishi Sunak is pitching himself as the change candidate at the next election with a raft of policy shake-ups – but does the substance match the rhetoric? The FT’s Whitehall editor Lucy Fisher is joined by
When Rishi Sunak announced on Wednesday that he was scrapping the multibillion-pound HS2 railway line to Manchester, while standing in a former train station in the same city, the immediate cry from northern leaders and businesses was one of betrayal. The UK prime minister and his aides, however, use focus groups to test their policies
Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. The Labour party has spent £1.4mn in legal fees on a bitter dispute with five former staff accused of leaking an internal report and expects to spend another £868,000 as the case progresses,
Receive free US interest rates updates We’ll send you a myFT Daily Digest email rounding up the latest US interest rates news every morning. A surge in US borrowing costs has bolstered investors’ conviction that the Federal Reserve is finished raising interest rates, after months of aggressively increasing them in a historic battle against inflation.
Receive free Inside Business updates We’ll send you a myFT Daily Digest email rounding up the latest Inside Business news every morning. Every antitrust trial needs a supply of incriminating internal emails or direct witness testimony to bring the claims of illicit business behaviour to life. Without those headline-grabbing details, regulators usually find themselves falling
Receive free Rail updates We’ll send you a myFT Daily Digest email rounding up the latest Rail news every morning. Sir Keir Starmer, the Labour leader, has delivered an effective coup de grâce to the northern leg of the HS2 high speed rail line as he refused to commit to reversing Rishi Sunak’s decision to
Every email sent, photo or video captured, crypto token traded and online article published adds to the growing mass of digital data worldwide. Last year alone, nearly 100tn gigabytes of data were created and consumed, according to market researcher International Data Group, equivalent to 4.5tn times the entire text contents of Wikipedia. And the figure
Until recently, the so-called “$TLT” exchange traded fund — which tracks long-term Treasuries — seemed dull as ditchwater. The price used to move in tiny increments with modest trading volumes, making it suitable for widows and orphans — risk-averse investors, in other words. Not now. On Tuesday there were 71mn daily trades of the ETF,
Saudi Arabia’s bid to host the 2034 football World Cup is swiftly gathering momentum after countries in Asia and other regions lined up in support and a compressed selection process left scant time for a rival proposal. Fifa, football’s governing body, announced on Wednesday that the 2030 men’s tournament would be hosted jointly by Spain,
Receive free Metro Bank updates We’ll send you a myFT Daily Digest email rounding up the latest Metro Bank news every morning. Metro Bank’s chair and chief executive have been summoned to urgent talks with the UK’s top financial regulators today, after the bank’s share price plunged 28 per cent following reports of a large
Receive free Armenia-Azerbaijan conflict updates We’ll send you a myFT Daily Digest email rounding up the latest Armenia-Azerbaijan conflict news every morning. The writer is senior fellow at the International Institute for Strategic Studies and a former UK ambassador to Belarus After its latest military offensive two weeks ago, Azerbaijan is set to regain control
Receive free UK economy updates We’ll send you a myFT Daily Digest email rounding up the latest UK economy news every morning. UK construction activity posted its biggest monthly slide since May 2020 as a steep downturn in housebuilding led to a greater than expected fall in September, according to a closely watched survey. The
Receive free Alstom SA updates We’ll send you a myFT Daily Digest email rounding up the latest Alstom SA news every morning. Alstom shares plunged as much as 37 per cent on Thursday after the French maker of high-speed trains slashed its forecast for free cash flow as a UK project and other deliveries were
Receive free FT Magazine updates We’ll send you a myFT Daily Digest email rounding up the latest FT Magazine news every morning. Not to sound smug or anything, but I live in the western world’s capital of high-speed rail. From Paris, I zip by train to Amsterdam, Brussels, Marseille and other cities. I regularly power
Mortgage broker Nicholas Mendes can describe how his customers have felt over the past year in a single word: shocked. “People coming off their fixed rate from less than 2 per cent have that reaction of ‘Wow, that’s my new monthly repayment?’,” said Mendes who works at London-based company John Charcol. Across Europe, borrowers looking
Receive free Chinese business & finance updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese business & finance news every morning. Belgium’s intelligence service has been monitoring Alibaba’s main logistics hub in Europe for espionage following suspicions Beijing has been exploiting its growing economic presence in the west. European governments
A sell-off in global bond markets has pushed borrowing costs to their highest levels in a decade or more. That means potentially heavy losses for banks, insurers, pension funds and asset managers that own trillions of dollars of sovereign and corporate debt after loading up in recent years. Policymakers and investors are wary that the
Receive free US House of Representatives updates We’ll send you a myFT Daily Digest email rounding up the latest US House of Representatives news every morning. The clock is ticking for Republicans on Capitol Hill to elect a new leader, after the dramatic ouster of Kevin McCarthy this week left the House of Representatives without
In July 2022 Rishi Sunak did not want to kill HS2: he wanted to save it. When he stood to be Tory leader and UK prime minister against Liz Truss, Sunak claimed he supported the high speed rail project and even wanted to reinstate the Birmingham to Leeds leg, which had been axed by Boris
Oil prices notched their steepest fall in more than a year on Wednesday, settling near $85 a barrel and erasing gains from the past month. Brent crude fell 5.6 per cent to settle at $85.81 a barrel, its sharpest decline since August 2022. Last week, it approached the $100 mark, hitting an intraday high of