Chancellor Olaf Scholz is coming under growing pressure to drop his resistance to sending German-made cruise missiles to Ukraine after the US allowed Kyiv limited use of its weapons for strikes inside Russia. US President Joe Biden has authorised Ukraine to launch limited strikes into Russia’s Kursk region using US-made long-range missiles, a major policy
A May aerial photo shows progress of New Terminal One construction at New York’s Kennedy airport.JFK New Terminal One The developers of New Terminal One at New York’s John F. Kennedy International Airport are in the position that any salesperson would want: they have something you can’t find anywhere else. It’s the biggest airport public-private
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. The writer is a software engineer and author of ‘Popping the Crypto Bubble’ Remember when cryptocurrency was supposed to disrupt and replace finance? Well, history had other plans. As bitcoin surges past $85,000, doubling in price
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world We all know the slogan. But Donald Trump will not make America great again by waging war on his domestic enemies. Instead Trump’s vengeance campaign threatens the real foundations of American greatness. The
Meal replacement company Huel has reported a surge in profits as its customer base grows beyond the time-pressed “tech bros” of the UK brand’s early years and expands its product range into chewable food. Huel’s pre-tax profit for the year to July 31 almost tripled compared with the year before, rising 194 per cent to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. An octogenarian oil trader has been given a 17-and-a-half-year jail sentence in Singapore for defrauding HSBC, in a long-running case that sent shockwaves through the city-state’s commodity trading sector. Lim Oon Kuin, known as OK
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Central Bank is debating whether to publish sensitive research showing capital requirements for big EU lenders would rise by a double-digit percentage if they had the same rules as large Wall Street rivals.
US business leaders are warning that Donald Trump’s plan to deport millions of undocumented workers could create mass labour shortages, closing restaurants, crippling farms and small businesses, and raising prices. Food producers, manufacturers and hotels were hiring lawyers to audit the legal status of their workers, said Amy Peck, an immigration attorney who represents employers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of the UK’s Government Legal Department is pushing for more of a “revolving door” with industry, as US law firms in London spur large salary increases, putting extra pressure on public sector hiring.
Emma Reynolds, UK pensions minister, has left the door open to forcing pension schemes to invest more in British assets if reforms fail to drive savings into domestic infrastructure and companies. The government announced this week it would create a series of “megafunds” to steer more of the UK’s £1.3tn defined contribution and local authority pension industry
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 chair of Rockefeller International. His latest book is ‘What Went Wrong With Capitalism’ Having turned the vote his way in just about every corner of the 50 states, Donald Trump’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Optimists express confidence that the “special relationship” between the US and UK will survive even Donald Trump’s most anarchic instincts. Perhaps. But our governing values and fortunes are now an ocean apart at least in
About 150 miles south-east of the US city of New Orleans, Shell’s newest oil platform looms above the choppy waters of the Gulf of Mexico. Dubbed Vito, the structure embodies a new approach to offshore drilling both for the company — and the industry at large. “Vito represents the future of Shell in the Gulf
Amazon chief executive Andy Jassy recently told employees that a new plan requiring them to be in the office five days a week did not amount to a “backdoor lay-off”. Yet his reported comments at a company-wide meeting last week did not rebut a previous suggestion from a senior manager that staff who fail to
Donald Trump’s election as US president is already threatening international initiatives on climate change and taxation, as diplomats from the world’s richest nations struggle to maintain a shaky consensus on the eve of a G20 summit in Brazil. Argentina and its President Javier Milei, a close ally of Trump, threatened to block a joint communiqué
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US President Joe Biden has authorised Ukraine to launch limited strikes into Russia using US-supplied long-range missiles, in a big policy shift before the end of his White House term in January, two
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s advisers have sought assurances from the top candidates to be Treasury secretary that they are committed to his sweeping tariffs plans, people familiar with the discussions said. The pressure from Trump’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer, UK prime minister, will urge G20 leaders to “double down” on their support for Ukraine, as he seeks to rally support for Kyiv ahead of Donald Trump’s inauguration as US president in
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Call me a Cassandra. Many have. But I am already dreading the downturn that must surely come at some point during Donald Trump’s presidency. Yes, the short-term sugar high of deregulation and tax
Approximately 1 in 3 U.S. adults ages 18 to 34 live in their parents’ home, according to U.S. Census Bureau data. The pandemic caused more young adults to return home or remain living with their parents into their late 20s and 30s, but aside from that spike, the numbers have remained fairly consistent in recent
Stay informed with free updates Simply sign up to the German politics myFT Digest — delivered directly to your inbox. A Social Democrat politician has become the first sitting SPD MP to call for the popular defence minister Boris Pistorius to run as the party’s candidate for chancellor in February’s snap elections instead of Olaf