Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. In recent years, June Fridays have often been viewed by financiers as a good moment to work from home. Not now. As news spread about the Israeli air strikes on Iran, traders across Wall Street … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Regardless of ideological parti pris, politicians have an uncanny knack of misconstruing the dynamics of the financial services sector as they seek to bend it to their cause. Consider, first, UK Labour chancellor Rachel Reeves … Read more
John Plender is a Financial Times columnist. He has written for the FT since 1981, before which he was financial editor of The Economist. He is a winner of the Wincott Foundation senior prize for excellence in financial journalism. Until the late 1990s he combined his work for the FT with broadcasting roles at the … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump has disclosed almost $60mn in income from one of his cryptocurrency ventures, highlighting how the US president has benefited from his embrace of the digital asset industry. Trump on Friday reported … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. By cancelling the permits of four out of five nickel mining companies operating in Indonesia’s Raja Ampat archipelago, President Prabowo Subianto this month handed a rare win to environmental groups that have long criticised the … Read more
John Maynard Keynes once called it a “barbarous relic”, an ancient metal with little relevance in the modern world. When the gold-backed global monetary architecture came to an end in the early 1970s, central banks started selling their holdings — and they continued doing so for decades. For the guardians of the global economy, gold — … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world An American financier invested $100mn in the Trump family’s flagship bitcoin project just nine weeks after a probe into his crypto business was dropped by the Trump administration. DRW Investments, a Chicago-based company … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world’s largest publicly listed oil tanker company is refusing new contracts to sail into the Gulf through the Strait of Hormuz following Israel’s attack on Iran, its chief executive has said. The decision by … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of the current market mysteries is why people are paying approximately $2 for $1 of bitcoin. After MicroStrategy discovered it could buy bitcoin in a recursive loop using money raised by selling shares and … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lower energy prices have been a rare bright spot for US consumers dealing with heightened inflation. After Israel’s strike on Iranian targets, that may well reverse. The Iran shock presents two risks to the price … Read more