Today In The Markets

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Post Office investigator said he was taking instruction from the company’s lawyers when he claimed there were no problems with the Horizon IT system and denied acting like a “mafia gangster” in his dealings

Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US headline inflation edged up to 3.4 per cent for the year to December, as the Federal Reserve deliberates over when to cut interest rates from their 23-year-high. The US consumer prices figures published on

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The British government demonstrated rare imagination and initiative when it held an international summit in November to discuss the existential risks posed by artificial intelligence. Tragically, successive British governments have shown a shameful failure to

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The boss of shipping giant AP Møller-Maersk has warned it could take months to reopen the crucial Red Sea trading route, risking an economic and inflationary hit to the global economy, companies and consumers. Vincent

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. By 1890, so many European immigrants were arriving at New York City’s “Golden Door” that the US government began building a new reception station on Ellis Island. That year, 14.8 per cent of the American

Two days before the Slovakian election in September, a mysterious recording went viral on social media. In it, liberal opposition candidate Michal Šimečka could apparently be heard plotting with a journalist to buy votes and rig the result. “It will be done in a way that nobody can accuse you of taking bribes,” Šimečka purportedly

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump is expected to appear in a New York court on Thursday for closing arguments in a civil fraud trial that has already impugned his reputation for financial prowess and may yet imperil his

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. An oil tanker linked to a dispute between Iran and the US has been seized off the coast of Oman, in a raid UK maritime authorities said was carried out by individuals in black military-style

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apropos the SEC approving spot bitcoin ETFs overnight, choose your fighter. Deutsche Bank: ‘this is good for bitcoin! Aargh!!!!’ Despite prevailing consumer sentiment leaning towards negativity,* we anticipate further [bitcoin] price increases in the coming

Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. Hedge funds are challenging private equity firms over restrictions that dictate who can lend to or buy the debt of buyout-backed companies, weighing legal action to capitalise on a surge in corporate distress. Private equity

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A leading British university is lowering the entry requirements for some international students, who pay higher fees than domestic applicants, in response to “financial challenges”, according to an internal memo. The move by York university

This is part of a series, “Economists Exchange”, featuring conversations between top FT commentators and leading economists US Federal Reserve chair Jay Powell is earning plaudits these days because a scary spike in US inflation appears to be receding without major job losses or economic contraction. But American economist Stephanie Kelton argues that the Fed’s

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rich countries’ management of immigration has long employed the kind of misdirection of which a stage magician would be proud. For decades now, governments in the US and western Europe — particularly the UK —

Botlhokwa Ranta had never flown before, and she was frightened of both the flight and what awaited her when she landed. By the time the wheels of the aeroplane touched the tarmac in Nairobi, she was drunk. She was 26, and it was her first time outside South Africa. Ranta’s faux-leather handbag was filled with small

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ron DeSantis and Nikki Haley lashed out bitterly at each other even more than they attacked Republican presidential frontrunner Donald Trump, as they battled for second place in their party’s primary race. In a televised

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Former New Jersey governor Chris Christie has ended his campaign for president, in a move that was expected to consolidate support for Nikki Haley and the remaining Republicans challenging Donald Trump for the party’s nomination

US President Joe Biden plans to send a high-level delegation of former top officials to Taipei after the election in Taiwan on Saturday, in a move that could complicate efforts by Washington and China to stabilise their strained relationship. The White House has tapped James Steinberg, a former Democratic deputy secretary of state, and Stephen