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The operator of the world’s second-largest container ship fleet will resume sending tankers through the Red Sea after a US-led coalition began providing naval security against attacks by Iran-backed Houthi rebels. Denmark’s AP Møller-Maersk said on Sunday that it would stop rerouting vessels around southern Africa, a long and costly route, and would proceed through
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The influence of China’s once-powerful central bank has diminished as Beijing steps up a drive to centralise Communist party control over financial regulation. Some of the powers formerly held by the People’s Bank of China have been taken over by a party oversight body and a revamped financial regulator as Beijing resets its growth model.
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An American soldier, the kind you really don’t want to mess with, trains his gun on a pair of quivering, cringing targets. “Hey, there’s some kind of misunderstanding here,” one of them pleads desperately. “We’re American.” “OK,” comes the reply, very slowly; the soldier’s eyes are still murderously narrowed. “But what kind of American are
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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. Sir Jim Ratcliffe has agreed to buy a roughly $1.3bn stake in Manchester United, ending more than a year of uncertainty over the English football club’s ownership and highlighting continued investor appetite for sports assets.
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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. Israel’s Prime Minister Benjamin Netanyahu has vowed to fight on in the war against Hamas, despite a mounting death toll and growing international calls to alleviate the humanitarian suffering in the Palestinian enclave and halt
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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. A chemical tanker operating in the Indian Ocean has been attacked by a drone launched from Iran, according to the US military, expanding the threat faced by international merchant shipping. The Pentagon said in a
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Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. (noun) A large language model that can create text, images and code that mimic human ability In 2023, artificial intelligence burst into the mainstream. The decades-old discipline had been advancing quickly in recent years, steadily
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With just three weeks to go until Taiwan’s presidential election, emotions are running high in one of the world’s biggest geopolitical flashpoints. The ruling Democratic Progressive party’s candidate Lai Ching-te has said the opposition’s plans for closer ties with China put the country’s sovereignty and democracy at risk. Hou Yu-ih, running for the opposition Kuomintang,
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Crypto companies have sharply increased donations to US politicians as sentiment in Washington hardens against the digital assets market. Companies including Coinbase, the Nasdaq-listed exchange, stablecoin operator Circle and a16z, the crypto investing arm of venture capitalists Andreessen Horowitz, are directing more funds towards electing pro-crypto legislators and influencing stalled bills in Congress ahead of
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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. Blackstone invested more in European real estate than in any other region in 2023, as the world’s largest commercial property owner picked up bargains from market turmoil and distressed sellers.  Real estate deal-making collapsed this
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