Last week, MainFT jumped on the potentially wild implications of an obscure but explosive provision buried deep in the Trump administration’s budget bill. Section 899 of the bill passed by House of Representatives last week would let the US to impose additional taxes on companies and investors from countries that it deems to have “discriminatory” … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Draconian US oil sanctions took effect on Venezuela last week after Washington refused to extend the licence of Chevron to operate in the country. The crackdown on the only big foreign oil operator in the … 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 A campaign by rightwing lawmakers in Texas to limit renewable power projects has failed, underscoring the state’s commitment to all sources of energy as it strains to meet exploding demand. A package of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Private credit is now so intertwined with big banks and insurers that it could become a “locus of contagion” in the next financial crisis, a group of economists, bankers and US officials has warned. Researchers … Read more
Stay informed with free updates Simply sign up to the Fintech myFT Digest — delivered directly to your inbox. Scalable Capital, a German investment platform backed by BlackRock, has raised €155mn in fresh equity at a valuation of about €1.5bn, as part of a push to become a pan-European investment powerhouse in the model of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mark Carney has vowed to work with Canada’s oil industry to boost production and reduce emissions, as the new prime minister touts an economic agenda to face down Donald Trump’s tariff threats. The Canadian leader … 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 Donald Trump’s administration has begun a process to open swaths of Alaska’s wilderness to oil drillers by scrapping Joe Biden-era restrictions as the president pushes ahead with sweeping green rollbacks. The US interior … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Aramco, the world’s largest oil company, said on Monday it had raised $5bn in a bond sale as it positions for a downturn in oil prices and prepares for further borrowing. Aramco said demand … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Google’s parent company Alphabet will spend at least $500mn over the next 10 years on rebuilding its global compliance structure, under the terms of a proposed settlement with shareholders suing it for alleged antitrust violations. … Read more
