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

SFO charges Lloyd’s insurance broker over Ecuador bribery allegations

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Lloyd’s of London insurance broker has been charged by the Serious Fraud Office over alleged bribes paid to officials in Ecuador via US intermediaries to land contracts from state-owned companies in the Andean nation. … Read more

UK banks regulator scraps ‘protectionist’ new collateral rule

Stay informed with free updates Simply sign up to the Financial & markets regulation myFT Digest — delivered directly to your inbox. The Prudential Regulation Authority doesn’t do clickbait, so you’d be forgiven for skipping a rulebook update from the UK banks regulator based on its headline alone: Modification by consent of the Liquidity Coverage … Read more

Decoding recent moves in Treasury yields

This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. The S&P 500 fell 2.2 per cent yesterday, after it was revealed US export controls would restrict Nvidia’s … Read more

Santander deposes UBS as continental Europe’s most valuable bank

Stay informed with free updates Simply sign up to the European banks myFT Digest — delivered directly to your inbox. Santander has overtaken UBS as continental Europe’s most valuable bank after Donald Trump’s tariff-induced market rout hit the Swiss lender harder than peers. UBS’s shares have slumped nearly 15 per cent since the US president … Read more

Donald Trump’s tariff threats boost demand for currency hedging

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s on-off tariffs have pushed currency volatility to multiyear highs and boosted demand for foreign exchange hedging products as companies struggle to adjust to market swings. Currency volatility has surged in recent days to … Read more

Binance acting as adviser to governments on crypto regulations

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Binance, the world’s biggest cryptocurrency exchange, which in 2023 pleaded guilty to US criminal charges, is advising several countries on creating their own digital assets regulations and establishing national strategic bitcoin reserves. Richard Teng, the … Read more