News

€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT

In the early 2000s, Hank Paulson travelled extensively to China seeking access to the country’s financial markets for Goldman Sachs, where he was chief executive. The investment bank’s top brass believed the deal he eventually cut would only be a temporary one. The thinking was that an alliance with Fang Fenglei, a mainland investment banker

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world When Joe Biden departs the White House and Donald Trump re-enters, America’s trading partners fear the US will distort commerce with high import tariffs, treat World Trade Organization rules with open contempt and

China has prepared powerful countermeasures to retaliate against US companies if president-elect Donald Trump reignites a smouldering trade war between the world’s two biggest economies, according to Beijing advisers and international risk analysts. Chinese leader Xi Jinping’s government was caught off-guard by Trump’s 2016 election victory and the subsequent imposition of higher tariffs, tighter controls

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Republicans have won a majority in the House of Representatives, giving Donald Trump’s party full control of both chambers of the US Congress and wide latitude to push a radical agenda through the

Donald Trump has chosen Tulsi Gabbard, a former Democratic congresswoman from Hawaii, to be the director of national intelligence in his second administration. Gabbard is known for her pro-Russian views, including blaming Nato and Joe Biden’s administration for Russia’s full invasion of Ukraine that began in February 2022. She has also claimed Syrian dictator Bashar al-Assad

UK chancellor Rachel Reeves is to legislate to develop eight pension “megafunds” as part of reforms to Britain’s fragmented local government retirement scheme that she claims could unlock £80bn of investment. But the chancellor has rejected more radical options including forcing pension funds to invest in British assets, or creating one single Canadian-style fund out

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Matt Gaetz, the incendiary Republican congressman from Florida, has been nominated by Donald Trump to be US attorney-general in his second administration, a surprise pick for the post that will reverberate across the

The Israeli right has rejoiced after US president-elect Donald Trump nominated ardent supporters of Prime Minister Benjamin Netanyahu and Iran hawks to his incoming administration. Nominees including Pete Hegseth, Trump’s pick for defence secretary, and Mike Huckabee, the future US ambassador to Israel, were adored on the Israeli right for their unflinching support for Israel’s

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Kamala Harris’s fears of a progressive backlash killed a plan for her to appear on Joe Rogan’s podcast, a campaign official has said, shedding light on a decision that infuriated some Democrats who

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Large UK brands have been told they will need to rein in “aggressive” intellectual property claims after the country’s highest court found that media company Sky acted in “bad faith” by registering trademarks for a

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world South Dakota senator John Thune will be the next Republican leader in the Senate and the most powerful Republican on Capitol Hill, after garnering the support of a majority of the party’s lawmakers

Pete Hegseth has carved out a lucrative career as a rightwing television personality revealing what he says is the secret flaw behind the US military’s stumbles in Iraq and Afghanistan: wokeness. Now, as Donald Trump’s nominee for secretary of defence, the Princeton-educated Fox News host and military veteran is a vote away from managing the

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Canadian pension investor PSP has acquired the UK airports operator of Aberdeen, Glasgow and Southampton airports for £1.5bn from Ferrovial and Macquarie, marking the latest deal in the sector amid a post-pandemic rebound in travel.

Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US inflation rose to 2.6 per cent in October, as the Federal Reserve debates whether to cut interest rates at its last meeting before US President-elect Donald Trump takes office. Wednesday’s figure from the Bureau

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Apparently it is time to let go of your old mindset (man). Forget about the past. Imagine a new and more glorious future. And buy bitcoin. This is a serious struggle for normies

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world In 2002, researchers looked at American social trends and found an “emerging Democratic majority”. The party has lost as many presidential elections since then as it has won. In 2019, when Britain’s Conservatives

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Klarna has fired the starting gun on its long-anticipated stock market flotation after the Swedish buy now, pay later pioneer said it had filed initial public offering documents in the US. The Swedish fintech said

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Baidu has unveiled artificial intelligence-powered smart glasses as Chinese tech groups race with global rivals to capitalise on AI-integrated hardware. Li Ying, head of Baidu’s hardware brand Xiaodu, said its smart glasses would “become a

€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT

When Donald Trump returns to Washington on Wednesday, the president-elect will receive a hero’s welcome from fellow Republicans on Capitol Hill. “We are going to raise an ‘America First’ banner above this place,” Republican Speaker of the House Mike Johnson told reporters on the steps of the US Capitol this week. “This leadership will hit