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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 Donald Trump’s team has told European officials that the incoming US president will demand Nato member states increase defence spending to 5 per cent of GDP, but plans to continue supplying military aid

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US Congress is racing to pass a short-term spending bill by the end of Friday after Donald Trump, Elon Musk and JD Vance convinced Republicans to ditch bipartisan legislation to avert a

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Leading central banks have warned that inflation is proving stickier than expected and that they will only cut borrowing costs gradually in 2025, in a shift that hit bond markets on both sides

Donald Trump is still weeks away from taking the oath of office, but the president-elect’s vow to enact a sweeping policy overhaul is already looming large over the Federal Reserve. The Fed trimmed interest rates by a quarter of a percentage point on Wednesday in its third consecutive reduction, but officials’ projections for half as

Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. The Federal Reserve cut its benchmark interest rate by a quarter of a percentage point but signalled a slower pace of easing next year, sending the dollar higher and US stocks lower.  The Federal

Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK inflation accelerated to 2.6 per cent in November, in line with analysts’ predictions, cementing expectations that the Bank of England will hold rates steady at its meeting on Thursday. The year-on-year rise in the

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. North Korean troops have fought for the first time alongside Russian forces against Ukrainian soldiers in Russia’s Kursk region and taken heavy casualties, the Pentagon said on Monday. Ukrainian troops launched an incursion into

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top Russian general has died after a bomb went off at the entrance to his home in Moscow early on Tuesday, investigators said, killing him and his assistant. Russia’s Investigative Committee, a major crimes

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves’ increase in business taxes is taking a toll on the UK economy as companies cut back hiring, adding to warnings that the chancellor’s October Budget has sapped corporate confidence heading into the new

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world In his first term as president, Donald Trump talked about bolstering US manufacturing but did little to support it. Industrial policy has been Joe Biden’s thing, and conventional wisdom is that Trump will

Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The writer is chair of Rockefeller International. His latest book is ‘What Went Wrong With Capitalism’  Having tagged America’s inordinately large share of global financial markets as “the mother of all bubbles” in my last

On a recent Friday morning in Alianza Industrial Park, dust billowed up as diggers and lorries cleared land near a site for Chinese tyre maker ZC Rubber. A crane was poised to lift material for lithium and lead battery maker Leoch. A sign at its entrance welcomed another new firm in Mandarin and English. Germany’s

Bashar al-Assad’s central bank airlifted around $250mn in cash to Moscow in a two-year period when the then Syrian dictator was indebted to the Kremlin for military support and his relatives were secretly buying assets in Russia. The Financial Times has uncovered records showing that Assad’s regime, while desperately short of foreign currency, flew banknotes

Chancellor Rachel Reeves came to office in July pledging to make stronger growth the number one mission of the new Labour government. Official figures on Friday underlined how far she is from achieving this ambition.  After gaining momentum since 2023, output slipped back in September and October. The figures confirm that businesses and households shied

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy unexpectedly shrank 0.1 per cent in October, the second contraction in a row, in a blow to the Labour government’s economic agenda. The monthly change in GDP published on Friday by the

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 granted clemency to almost 1,500 people, the largest-ever number in a single day, saying he was “extending mercy to people who have demonstrated remorse and rehabilitation”. The White

Shares in software provider ServiceTitan have closed their debut up 42 per cent in New York, wrapping up the US calendar for large public listings with an encouraging signal for 2025. The lossmaking group, which provides tradespeople with services such as scheduling and advertising, raised $625mn selling shares at $71 apiece, having raised its initial

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In a 26-acre glasshouse in Lincolnshire, a robot is slowly wheeling down a long line of strawberry plants, picking ripe red fruit to be dispatched to supermarkets. This is the latest project of James Dyson,

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. So Dominic Cummings was right after all, at least in his own dispassionate analysis. Boris Johnson’s chief strategist proclaimed his vindication after Keir Starmer echoed his indictments of civil service failures. There ought to be