Today In The Markets

Republican and Democratic leaders on Capitol Hill have reached a $1.66tn agreement on the level of US federal spending for 2024, in a breakthrough that moves Congress one step closer to avoiding a costly government shutdown. The news was jointly announced on Sunday by Chuck Schumer, the Democratic Senate majority leader, and Mike Johnson, the

Rishi Sunak, prime minister, will on Monday claim that Britain enters an expected election year “pointing in the right direction”, as he put the promise of tax cuts at the heart of his attempt to revive Tory fortunes. Sunak is attempting to emulate John Major’s unlikely 1992 Tory election win by deploying the same core

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Republican and Democratic leaders on Capitol Hill have reached an agreement on the level of federal spending for 2024, in a breakthrough that moves Congress closer to avoiding a costly government shutdown. The news was

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Members of the RMT union have called off a week of strikes across the London Underground network after a late breakthrough in discussions with Transport for London, the capital’s public transit body. The UK’s largest

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A dangerous mid-air breach in the fuselage of a 737 Max is just the latest production lapse at Boeing, raising questions about whether the manufacturer can deliver a quality product as it strives to build

Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. US defence secretary Lloyd Austin has taken the blame for concealing his hospitalisation this week in a breach of protocol that left US President Joe Biden in the dark about his health. The

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Over the next 12 months, voters in countries representing more than half of the world’s population will get the chance to head to the ballot box — a record-breaking year for democracy. And yet in

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Israeli military says it has successfully destroyed Hamas as an organised fighting force in northern Gaza and has shifted its focus to the centre and south of the battered territory in a fresh stage

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Federal investigators in the US have launched a probe into how a section of a new Boeing 737 Max blew out mid-flight, as airlines in Turkey and Panama grounded their planes for inspection.  The withdrawals

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European Council president Charles Michel has announced he will run in EU-wide elections in June in a move that would force him to step down early from his current role if elected and could hand

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two-thirds of Republican voters say they trust Donald Trump more than any other GOP presidential candidate to manage the US economy, according to an FT-Michigan Ross survey that underscores his dominance on bread-and-butter issues a

EY’s attempt to split its audit and consulting business sent shockwaves through the top tier of the accounting profession.  The break-up, eventually abandoned last year after infighting among EY’s top ranks, challenged the prevailing partnership model in which professional services firms are owned and run by their senior practitioners without external investors.   Below the top

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Grant Thornton has been relegated from the UK regulator’s top tier of audit supervision after the firm cut its number of high profile clients, removing more than 70 per cent of those in the “public

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US’s largest exporter of liquefied natural gas has defended its industry from criticism by green activists, saying it was vital for keeping the lights on in Europe. “I would actually like to think that

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The global shipping fleet has reached its oldest average age in almost 15 years, despite growing pressure on shipowners to order new, greener vessels and help decarbonise global trade. Shipbrokers, who advise owners on shipbuilding,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. I can’t pinpoint the precise time it happened but my transformation from a great parent to an embarrassing one was reinforced the other day when I casually dropped “rizz” into a conversation at home. It

Russia’s presidential election in March will not be an election, in the sense of a genuinely competitive contest, at all. Every Russian voter knows in advance that President Vladimir Putin will win. This ritual will nonetheless throw useful light on four aspects of the country’s political system — sycophancy, persecution, vulgarity and conspiracy theories. Another

Russia’s record number of aerial attacks on Ukraine over the New Year period has highlighted Kyiv’s struggle to bolster its electronic warfare technology aimed at jamming and diverting enemy drones and guided missiles. Both sides have invested heavily in systems that can neutralise each other’s drone armies, but Moscow maintains the upper hand as it