News

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Manhattan prosecutors accused Donald Trump of violating a gag order mere steps away from the courtroom in which he is standing trial, as they asked a judge to impose fines and warn the former US

Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. The writer is senior fellow in geoeconomics at the European Council on Foreign Relations and the author of ‘Backfire’ On paper, commercial ties between Russia and China look huge: in 2023 trade turnover

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has pledged to lift UK defence spending to 2.5 per cent of GDP by the end of the decade, arguing the increase is necessary because the world is in its most dangerous state

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia has threatened to step up its attacks on logistics centres and storage facilities for western weapons in Ukraine, in Moscow’s first direct response to the passage of US military aid for Kyiv. Russian

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Russian state-controlled lender Sberbank is to pay Rbs752bn ($8bn) in dividends after posting its largest-ever profit last year, in a sign of the health of the country’s banking sector despite western sanctions. The payout by

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 should be wary of cutting rates too soon after years of above-target inflation, a senior policymaker has warned, as he reiterated the need for “restrictive” monetary policy.  The pound rose against

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK business activity rose more than expected in April, marking the fastest expansion since last May, according to a closely watched survey that also flagged increasing cost pressures in the economy. The S&P Global flash

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Police have arrested a staffer working for a German far-right member of the European parliament on charges of spying for China. Jian Guo, an employee of Maximilian Krah, was accused by Germany’s federal prosecutor on

Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Policy “inconsistency” in China is discouraging foreign investors despite Beijing’s efforts to reassure international companies, a leading American business lobby group has said. China’s President Xi Jinping last month sought to boost confidence

Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK grocery price inflation fell to a 30-month low in April, according to data that pointed to an easing of the cost of living crisis that has hit millions of households since late 2021. Grocery

Like hundreds of thousands of homebuyers in the UK every year, Steve didn’t think twice before applying for a short-term fixed-rate mortgage. It was only when his application was rejected on a technicality that the Somerset-based IT professional looked for other options. A mortgage broker suggested he try a new lender called Perenna. He was

Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. Economic policy in many countries has entered a new era of supports and subsidies. But global financial markets have yet to catch up. Consider some of the headlines over the past week or so. At

In 1973 and 1979 war in Israel and turmoil in Iran twice ruptured the oil market, triggering an inflationary surge that sapped western economies and unseated a US president. In the decades since, the possibility that new strife in the Middle East could deliver another administration-ending jump in oil and petrol prices has hung like

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Revolut is exploring plans to monetise customer data through sharing it with advertising partners, as the fintech seeks new sources of revenue while its application for a UK banking licence remains in limbo. “We could

Jeff Yass’s Susquehanna International Group first invested $80,000 in ByteDance, the Chinese owner of TikTok, on the back of an idea sketched on a napkin in a Beijing coffee shop more than a decade ago. His global quantitative trading firm followed up with another $2mn months later, becoming the first big backer of ByteDance founder

Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. Traders have built up bets that the Federal Reserve could raise interest rates again, a once-unthinkable prospect that highlights a shift in market expectations after stronger than expected US economic data and hawkish comments

In recent days, both the UK’s ruling Conservative party and the opposition Labour party have rebuffed an EU offer to open talks on an bloc-wide “youth mobility scheme”. The rejection comes despite successive Tory governments trying to negotiate bilateral agreements with several big EU countries, while Labour has promised to deepen relations with Europe if

The sight of a scowling Donald Trump sitting in a New York courtroom, flanked by lawyers, is by now so common that it no longer surprises. Still, there was an added, unspoken tension when the former — and perhaps future — US president appeared in Manhattan criminal court on Monday morning. The charges he was

The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering. The antitrust regulator on Monday alleged that the acquisition would eliminate “head-to-head” competition among the groups’ brands, including Capri’s Michael

Stay informed with free updates Simply sign up to the Retail & Consumer industry myFT Digest — delivered directly to your inbox. The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Goldman Sachs has moved its top investment banker for European financial companies from London to Paris, as the Wall Street bank finalises its post-Brexit relocation plans. Dirk Lievens, who is head of Goldman’s financial institutions