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Javier Milei has learned to love the peso. Will Argentina follow him?

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Argentine peso, Javier Milei told voters while seeking the presidency, was “worth less than excrement”. His solution? To replace it with the US dollar and burn down the central bank. Eighteen months later, Milei … Read more

Will China back down?

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The White House has announced dizzyingly high — and hard-to-follow — tariffs on goods from China. And Beijing has responded. But the real trade war may be between the US president and the American consumer. … Read more

Blackstone joins forces with big asset managers to expand into individuals’ portfolios

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blackstone is joining forces with asset management companies Vanguard and Wellington Management in a “strategic alliance” aimed at creating hybrid public and private funds for wealthy individuals and retirees. The three groups said on Tuesday … Read more

The UK government needs a proper plan for steel

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has engaged in a dramatic rescue of British Steel, operator of the country’s last two blast furnaces at Scunthorpe in Lincolnshire. After recalling parliament from recess to pass emergency legislation, ministers have … Read more