Donald Trump imposes sanctions on Chinese companies over Iranian oil shipments

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US has imposed sanctions on two Chinese petrochemicals groups for allegedly importing Iranian crude oil, in the latest salvo of President Donald Trump’s “maximum pressure” campaign on the Islamic republic. The state … Read more

Yields up, (long-dated) borrowing down?

When interest rates are high people are supposed to think twice about borrowing. When they’re low, they’re supposed to be whipping out the metaphorical (or literal) credit card. This is the central idea underpinning central banks‘ monetary policy fiddling. Of course, central banks only set the short-term interest rate. Bond yields, while anchored by central … Read more

How US energy executives are navigating Trump’s America

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 Good morning, and welcome back to Energy Source, coming to you from New York. Greenpeace has been ordered to … Read more

Crypto world needs to get better at counterparty risk

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is founder and chief executive of Everett Capital Advisors and chair and co-founder of Agio Ratings Digital assets are going mainstream, turbocharged by recent endorsements from the US administration. If properly implemented, a … Read more

Government debt interest costs hit highest level since 2007

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Interest payments are swallowing the biggest portion of rich nations’ economic output since at least 2007, outstripping their spending on defence and housing, according to figures from the OECD.  Debt service costs as a percentage … Read more