John Maynard Keynes once called it a “barbarous relic”, an ancient metal with little relevance in the modern world. When the gold-backed global monetary architecture came to an end in the early 1970s, central banks started selling their holdings — and they continued doing so for decades. For the guardians of the global economy, gold — … 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 An American financier invested $100mn in the Trump family’s flagship bitcoin project just nine weeks after a probe into his crypto business was dropped by the Trump administration. DRW Investments, a Chicago-based company … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world’s largest publicly listed oil tanker company is refusing new contracts to sail into the Gulf through the Strait of Hormuz following Israel’s attack on Iran, its chief executive has said. The decision by … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of the current market mysteries is why people are paying approximately $2 for $1 of bitcoin. After MicroStrategy discovered it could buy bitcoin in a recursive loop using money raised by selling shares and … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lower energy prices have been a rare bright spot for US consumers dealing with heightened inflation. After Israel’s strike on Iranian targets, that may well reverse. The Iran shock presents two risks to the price … 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 Israel’s strikes against Iran’s nuclear programme and military commanders have started a momentous war in the Middle East, sent oil prices soaring and left many wondering what happens next. Here are five key … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy Israel’s latest attack on Iran constitutes a bad shock for the global economy at an already fragile time. It raises … Read more
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Israel’s strikes against Iran have threatened to ignite a regional conflict that disrupts oil supplies across the Middle East, with traders reviving the decades-old question of whether Tehran could respond by closing the vital industry chokepoint … Read more
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