Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Chinese authorities have opened a probe into Zhongzhi, one of the biggest conglomerates in the country’s sprawling shadow financing market, days after the group declared that it was “severely insolvent”. Beijing police said
Of the four men who lined up at an army recruitment centre in Kyiv one morning this month, only one was there voluntarily. Oleksandr, a 34-year-old used-car dealer, said he could no longer watch from the sidelines after five acquaintances were killed in Europe’s biggest war since 1945. He built up a financial cushion for
Stay informed with free updates Simply sign up to the EU trade myFT Digest — delivered directly to your inbox. Major European shipping nations are resisting the EU’s plans to charge vessels entering their waters for emissions, saying the policy could divert maritime trade away from the bloc. In a letter to the European Commission,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The National Infrastructure Commission chair has poured cold water on Rishi Sunak’s plan to get private developers to fund an expensive tunnel under London connecting the HS2 rail line to Euston in the heart of
Stay informed with free updates Simply sign up to the Gig economy myFT Digest — delivered directly to your inbox. EU consumers will have to pay higher prices to cover better rights for gig workers but the increases will not kill the industry’s business model, a senior Brussels official has predicted. Speaking to the Financial
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Trading in a controversial type of derivative known as “zero-day” options is spreading to Treasury and commodity markets, as Nasdaq and other exchange groups try to replicate a boom that has transformed trading in US
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Give someone a list of political leaders and ask which of them have charisma and which don’t, and you will almost always get the same answers. Barack Obama, Tony Blair, Margaret Thatcher, Donald Trump? Albeit
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. The US’s successful prosecution of Binance’s Changpeng Zhao this week removed the top executive at the world’s largest cryptocurrency exchange, a key target in its efforts to clean up a market with a Wild West reputation.
In the 1920s, the Canadian politician Raoul Dandurand described the country as a “fireproof house” — surrounded on three sides by the Pacific, Arctic and Atlantic oceans, and with a friendly neighbour in the US to the south. It is a comforting view of the world that has helped define Canada’s identity, even as it
Another holiday season, another gift. It’s hard to keep things interesting. Even gifts for the home can get a little repetitive. Your mom probably has enough picture frames to last for several generations and your sister already has four blenders. This year, aim to give something fun and unique. From family and friends to coworker
Top Stories This Week US officials announce $4.3B settlement with Binance, plea deal with CZ Binance and its co-founder, Changpeng “CZ” Zhao, have reached a settlement over criminal and civil cases with the United States Department of Justice. CZ will plead guilty to one felony charge as part of the negotiated agreement. Attorney General Merrick
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A slim boy with dark hair and spectacles dashed down an Israeli hospital corridor towards a man in a checked shirt, who scooped him into a bear hug. After 49 days in captivity, including his
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas is expected to release at least a dozen more hostages who are being held in the Gaza Strip on Saturday as a four-day truce stretches into its second day. Israel and Hamas conducted the
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia launched its largest drone attack of the war in the early hours of Saturday morning, targeting Kyiv in what Ukrainian officials fear is the start of a winter campaign aimed at destroying the
Stay informed with free updates Simply sign up to the Currencies myFT Digest — delivered directly to your inbox. The Israeli shekel is the world’s top performing currency this month, driven by billions of dollars of purchases by the central bank since the outbreak of the war with Hamas. The currency has risen by around
BitMEX co-founder Arthur Hayes is bullish on Bitcoin (BTC). Hayes shared his thoughts on X Alongside a chart depicting net reverse repurchase agreement (RRP) and treasury general account (TGA) balance changes, Hayes referred to United States Treasury Secretary Janet Yellen as “Bad Gurl Yellen.” In the X post, Hayes encouraged fellow Bitcoin enthusiasts to stay focused,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Om Yazan Qodeih struggled to hold back the tears as she surveyed the wreckage of her home in southern Gaza destroyed by an Israeli strike. All she could salvage from the broken concrete were a
“Tis the season to be jolly,” and while many people are excited about the holiday season, not everyone is feeling so cheerful and jovial. According to Thumbtack, 58% of Americans feel stressed about the holidays. Home preparation is a major source of stress, according to Morgan Olsen, Thumbtack’s home & design expert. In fact, she
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. The writer is a technology analyst Over the past week, OpenAI’s board went through four CEOs in five days. It accused the original chief executive, Sam Altman, of lying, but later backed down from that
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Year-ahead outlook season is upon us again and the déjà vu vibe is strong. This time last year, investors and analysts were busy telling the world about their key convictions about 2023. Chief among them:
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has become locked in a diplomatic dispute with Spain and Belgium after it accused the EU countries of supporting terrorism in response to their prime ministers’ criticism of its bombardment of Gaza. The Israeli