BUSINESS

James Litinsky made a $100mn bet in 2015 on the distressed debt of a flailing natural resources company. His wager has now paid off spectacularly, after Donald Trump’s administration thrust the group to the centre of the US strategy to counter China’s dominance in critical minerals. Shares in Litinsky’s MP Materials surged 48 per cent last … Read more

Stay informed with free updates Simply sign up to the Fintech myFT Digest — delivered directly to your inbox. Starling Bank is examining the case for listing in New York, as the UK digital bank presses ahead with an expansion into the US. Declan Ferguson, the chief financial officer of the London-based fintech, told the … Read more

Catastrophe bond sales hit record as insurers offload climate risks

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chief executive of Lloyds Banking Group and a member of the British Infrastructure Taskforce and the Defence & Economic Growth Taskforce There has been some sobering news on the state of the UK … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves will use her Mansion House speech to call for a big dialling- up of risk in financial services, with looser regulation and what City of London figures are dubbing a new “Tell Sid” … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Calpers, the largest public pension fund in the US, has signalled an appetite for more exposure to private equity despite concerns that these assets could expose retirees to too much risk. Stephen Gilmore, chief investment … Read more

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world After passing his tax-cutting “big, beautiful bill”, Donald Trump has been busy reviving his protectionist agenda. Last week the US president extended the 90-day pause on his “liberation day” import duties until August … Read more

Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. We try, valued reader. We really do try. We want to approach all types of tokenised finance with an open mind. Maybe one day, someone will invent something to do with a blockchain that’s not crime, … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Crypto asset manager Grayscale has filed for an initial public offering in the US, in the latest sign of how the Trump’s administration’s warm embrace of the industry has set off a rush of listings … Read more