Beyond BP: John Browne on the oil company’s green U-turn and a ‘once in a generation vibe shift’
Beyond BP: John Browne on the oil company’s green U-turn and a ‘once in a generation vibe shift’
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Singapore cuts growth forecast as trade war hits global outlook
Donald Trump signalled that smartphones and other consumer electronics imported to the US from China would face tariffs, dealing a blow to hopes of a reprieve for Big Tech companies such as Apple, Nvidia and Microsoft. “NOBODY is getting “off the hook” for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries … Read more
Wall Street stock futures rise after temporary US tech tariff exemption
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Futures pointed to a tech stock rally when global markets opened in Asia on Monday for the first time since the US spared smartphones and other consumer electronics from the harshest tariffs against China. Futures … Read more
UK races to secure coal needed to keep British Steel furnaces burning
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK government officials are scrabbling to secure access to critical coal and iron ore supplies to keep Britain’s blast furnaces firing after emergency legislation was passed to keep British Steel afloat. A shipment of coal, … Read more
The ‘Nixon shock’ might help us make sense of the Trump one
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The author is vice-chair at Oliver Wyman and former global head of banks and diversified financials research at Morgan Stanley What will the longer-term financial consequences of Trump’s tariffs be? We may be … Read more
Why did the UK rush to save British Steel and what happens next?
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 taken control of British Steel after passing emergency legislation on Saturday. Business secretary Jonathan Reynolds told MPs that ministers had no choice but to act to ensure the two blast furnaces … Read more
How will the ECB respond to Trump’s trade war?
The European Central Bank is widely expected to lower interest rates at its meeting next week, but investors will be more interested in any clues on what an escalating global trade war means for monetary policy later in the year. Markets have moved to price in a faster pace of rate cuts as Donald Trump’s … Read more
North Sea oil deals allow companies to offset billions in tax liabilities
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. North Sea oil and gas companies have agreed a series of mergers that will allow them to offset billions of pounds of tax liabilities against future profits. In three deals in the past … Read more
Pakistan copper mine could offer leverage in US tariff talks, says operator
Stay informed with free updates Simply sign up to the Mining myFT Digest — delivered directly to your inbox. A remote gold and copper mine beneath a volcano in south-west Pakistan could provide key leverage for trade talks with the US, according to its operator, as Islamabad tries to reduce “reciprocal” tariffs originally set at … Read more
Finnish utility explores buying part of Germany’s Uniper three years after exit
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Finnish utility Fortum is exploring buying part of its former subsidiary Uniper, three years after suffering multibillion-euro losses as the German gas importer was pushed to the brink of collapse. Fortum, majority owned by the … Read more