Today In The Markets

A top Swiss court on Wednesday acquitted Credit Suisse, now part of UBS, of failing to prevent money laundering by a Bulgarian cocaine trafficking gang, overturning a 2022 conviction. The Federal Criminal Court’s original ruling was seen as a test case for the prosecution of banks. It had found an ex-employee of the bank guilty of money-laundering, and Credit Suisse of

Serena Williams husband and Reddit founder Alexis Ohanian has revealed that he had half his thyroid removed. On Thanksgiving, the father of two, 41, shared an update on his health with fans on social media, saying he underwent preventative surgery after “tracking some suspicious nodules” in the last four years. “The nodules were getting bigger &

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Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The crypto entrepreneur who paid $6.2mn for a banana taped to a wall has eaten the art work in an onstage spectacle, declaring that, like a digital asset, “the real value is the

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Eurozone inflation rose to 2.3 per cent in November, exceeding the European Central Bank’s target for the first time in three months. The rise in consumer prices was in line with economists’ expectations and surpassed

This article is an on-site version of our Inside Politics newsletter. Subscribers can sign up here to get the newsletter delivered every weekday. If you’re not a subscriber, you can still receive the newsletter free for 30 days Louise Haigh has resigned as transport secretary after admitting that she had pleaded guilty to a criminal

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Swiss private bank Lombard Odier has been charged with aggravated money laundering by Switzerland’s federal prosecutor. In charges filed on Friday, the prosecutor said Lombard Odier — one of the country’s most illustrious financial institutions

Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. China’s long-term bond yields have fallen below Japan’s for the first time, as investors bet that the world’s second-biggest economy will become bogged down by the deflation that has long afflicted its neighbour. A rally

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK transport secretary Louise Haigh has resigned after admitting that she had pleaded guilty to a criminal offence over a missing mobile phone. “Whatever the facts of the matter, this issue will inevitably be a

Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. Carmakers may be permitted to sell Prius-style hybrid models in the UK until 2035, as ministers consider ways to water down the country’s electric vehicle sales regime, according to people with knowledge of the discussions. 

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The yen briefly strengthened past the level of ¥150 against the US dollar on Friday, as hotter than expected inflation readings fuelled more bets that the Bank of Japan will raise interest rates in December.

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. So much has happened in America in recent months that one big positive story has probably got less attention than it deserves. A few weeks ago, the US Centers for Disease Control and Prevention published

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Decades ago, I might have been sacked for being pregnant, or seen my pay crash to zero after giving birth. These days (mostly through the FT) I get job protection, a generous chunk of maternity

Donald Trump is set to begin his second term in the White House surrounded by China hawks. His pick for secretary of state, Marco Rubio, has campaigned against Chinese influence and championed crackdowns on tech groups such as Huawei. Michael Waltz, the incoming national security adviser, calls China an “existential threat”. However, one of the

K-pop band NewJeans attends the Billboard Women in Music Awards in the US last March © Mario Anzuoni/Reuters Shares of Hybe, South Korea’s leading K-pop agency, fell nearly 5 per cent on Friday morning as its popular idol group NewJeans plans to break up with the music powerhouse in a move that could spark a

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Louise Haigh, the transport secretary, has admitted she pleaded guilty a decade ago to a minor criminal offence relating to a mobile phone she wrongly claimed had been stolen.  Haigh, who is on the left

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves has pushed back the timing of the Treasury’s multiyear spending review to June as the government struggles to get to grips with the volume of decisions it needs to make on its funding

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Britain’s Labour party came to power on a mandate to boost the UK’s underperforming economy. In its first five months in government it has made the task even harder by sapping the “animal spirits” of

France’s borrowing costs have surpassed those of Greece as investors fret about the French government’s ability to pass a deficit-trimming budget — and its ability to survive at all. The far-right Rassemblement National, led by Marine Le Pen, has threatened to back a censure motion against the government as soon as next week unless its

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Aviva has contacted shareholders in Direct Line in a move that could pave the way for a hostile takeover bid for its smaller rival. The FTSE 100 insurer began to approach its target’s shareholders on