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Weak oil prices are adding to pressure on Saudi Arabia’s vast spending programme as Riyadh prepares to unwind crude production cuts starting on Tuesday, which is likely to push prices lower. Economists said the kingdom would probably need to slash expenditure by more than the 3.7 per cent annual drop planned for 2025, as oil … Read more
Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. A surge in Eurozone government borrowing costs as a result of Germany’s planned defence spending spree will intensify debt pressures on other countries in the bloc and could make it harder for them to mount … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Europe urgently needs to make its capital markets more attractive or risk having all its technology companies list on US stock markets, Sweden’s prime minister has warned. Ulf Kristersson was speaking after his country lost … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global markets fell on Monday over fears of an intensified global trade war ahead of Donald Trump’s expected unveiling of a swath of extra tariffs. Japanese, South Korean and Hong Kong stocks fell sharply, accelerating … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government should replace the windfall tax on oil and gas “as soon as practicable”, a business-led task force has said, warning the window of opportunity to secure the future of the North Sea … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The Trump administration is revoking a number of permits and licences that enable western oil companies to do business in Venezuela, as it ratchets up economic and diplomatic pressure on President Nicolás Maduro. … Read more
The engine shuddered to life around half past noon local time on Sunday, and with a guttural roar, the 92-foot-tall Spectrum rocket lifted slowly away from its launch tower, marking the first liftoff of its kind on the European continent. The rocket, launched by Isar Aerospace from within the Arctic Circle at a spaceport on … Read more
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 stop-start trade war has sparked big swings across financial markets this year and triggered a sell-off on Wall Street. So investors are waiting nervously for the US president’s “liberation day” on … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. AP Møller-Maersk has warned that plans for a shipping emissions trading scheme intended to fix the price gap between fossil fuels and green energy would only encourage the sector’s use of LNG. The measures will … Read more
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. International bondholders have recovered less than 1 per cent of nearly $150bn of bonds defaulted on by China’s property developers since 2021, despite years of negotiations and nearly a dozen restructuring agreements. Just … Read more