When Angela Merkel met Donald Trump in 2017, reporters gathered in the Oval Office witnessed the bizarre spectacle of the US president refusing to shake the German chancellor’s hand. Even after Merkel quietly suggested they do so, for the cameras, Trump ignored her. She instantly regretted saying anything. “I had acted as though I were
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK stocks are set to outpace their European peers, according to some of Wall Street’s biggest institutions, with the London market viewed as better placed to weather the fallout from US president-elect Donald Trump’s plans
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. A wave of wealthy people is preparing to leave the UK before April to benefit from changes to non-dom rules in last month’s Budget, tax advisers say. Accountants and lawyers said that many people were
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US dollar rose on Tuesday after Donald Trump pledged to levy additional tariffs on imports from Canada, Mexico and China, reigniting concerns about his trade policies. The dollar index, which tracks a
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has said he will levy tariffs of 25 per cent on all US imports from Canada and Mexico, and an extra 10 per cent tariff on Chinese goods, in retaliation for
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Telegram has told investors that the detainment of chief executive Pavel Durov by French police has had no “material impact” on the messaging app’s operations, as financial disclosures showed that the surging value of its
Wall Street’s main indices edged higher, but small-cap stocks proved the highlight as they chalked up their first record intraday high in three years. The Russell 2000 gained as much as 2.5 per cent during Monday morning trading, to surpass its previous intraday peak from November 2021. However, the small-cap-focused index ultimately finished 1.5 per
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US Department of Justice is seeking to drop two federal criminal cases against Donald Trump, abandoning its historic attempts to prosecute the former president after voters sent him back to the White
Chancellor Rachel Reeves told sceptical corporate leaders on Monday there would be no more tax rises on British businesses, as she insisted there was no alternative to the £40bn increase in taxes in last month’s Budget. She said at the CBI annual conference she had no regrets about her fiscal decisions, even as some executives
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government’s impact assessment of its workers’ rights reforms is “not fit for purpose” because it does not explore the effect of higher costs for employers on wages, jobs and economic activity, a watchdog
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The main index of small US stocks hit a new record on Monday for the first time in three years, as investors bet that Donald Trump’s election victory would jump-start their performance after
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. The push to get UK pension funds to invest more in private markets would boost returns by just 2 per cent over a 30-year period, according to the government’s own forecasts. In her Mansion House
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A former chief UK negotiator for Brexit and three serving Whitehall department chiefs have made the shortlist to become the next cabinet secretary, with an announcement expected as soon as this week. Sir Keir Starmer
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. The writer is the author of several books on the City and Wall Street “This sector is the crown jewel in our economy,” chancellor Rachel Reeves told a City audience at this month’s Mansion
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The writer is a senior fellow at the German Council on Foreign Relations US president-elect Donald Trump has picked Scott Bessent to be his Treasury secretary. Having worked with him when he was
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Stay informed with free updates Simply sign up to the US & Canadian companies myFT Digest — delivered directly to your inbox. Macy’s has delayed the release of its third-quarter results after the US retailer revealed that an employee had hidden more than $132mn of delivery expenses since late 2021. The group said in a
President-elect Donald Trump namedhedge fund mogul Scott Bessentas the next Treasury secretary on Friday, ending a rough-and-tumble race that saw fierce jockeying among power players across Wall Street. I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States, Trump wrote in his announcement, posted
The website for controversial social media influencer Andrew Tates self-help site The Real World was reportedly hacked this week. The hackers were able to extract a trove of data from Tates site formerly known as Hustlers University that included approximately 794,000 user names, 324,382 unique email addresses and both public and private chat logs, according
President-elect Donald Trump namedhedge fund mogul Scott Bessentas the next Treasury secretary on Friday, ending a rough-and-tumble race that saw fierce jockeying among power players across Wall Street. I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States, Trump wrote in his announcement, posted
The Dow surged 426 points to a record close Friday, and all three major indexes posted weekly gains, as investors took comfort from data pointing to robust economic activity in the world’s biggest economy. The Dow Jones Industrial Average finished at 44,296.51, up 1%, a day after soaring more than 450 points. The S&P 500 gained 0.4%, while the
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