UK starts hunt for buyer for British Steel

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK officials and industry experts have started work on an “investment case” to attract a buyer for British Steel, after the government dramatically stepped in to seize control of the company.  Ministers are concerned that … Read more

IMF chief cuts growth forecast over ‘off the charts’ trade uncertainty

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Uncertainty over global trade policies is “off the charts”, the head of the IMF has warned, saying Donald Trump’s tariffs were set to hit global growth, push up prices and potentially play havoc with financial … Read more

The belated CLO ETF stress test

It’s not just stocks or rates. Corporate debt markets have also been “yippy” lately. And one corner to keep an eye on are exchange traded funds that invest in collateralised loan obligations. CLO ETFs have exploded in popularity over the past couple of years, with aggregate assets across the handful of funds surging to $30bn … Read more

Is geothermal the new zero-carbon answer to US power needs?

This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Welcome to Energy Source, coming to you from New York. Federal Reserve chair Jay Powell said Donald Trump’s tariffs … Read more

Donald Trump’s policies could give China the lead in global energy race, say experts

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world China could replace the US as the world’s dominant energy power as Donald Trump’s trade war rattles American oil producers and Beijing extends its cleantech lead, analysts have warned. The US president announced … Read more