Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU is weighing whether to add Russia to its “grey list” of countries with lax money laundering controls, as lawmakers in Brussels aim to increase financial pressure on Moscow. European Commission officials said they … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk’s artificial intelligence company xAI was closing in on a $5bn debt financing package to fund new data centres and chips to power its business. Then on Thursday the world’s wealthiest man torpedoed his … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gemini, the cryptocurrency exchange run by the Winklevoss twins, has filed to list in the US, aiming to capitalise on soaring investor demand for some of the digital asset industry’s biggest names. The company said … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Crypto has got its claws into the White House and is swiftly growing into a global financial stability risk. Up to now, what happened in crypto stayed in crypto. If you buy a token of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Federal Reserve’s new financial supervision chief has promised a significant overhaul of US banking rules, vowing to address industry concerns that regulations imposed after the 2008 financial crisis are too onerous. Michelle Bowman, who … Read more
The writer is professor of economics at Harvard University and author of ‘Our Dollar, Your Problem’ US fiscal policy is running off the rails, and there seems to be little political will in either party to fix it until a major crisis occurs. The 2024 budget deficit was a mind-blowing 6.4 per cent of GDP; … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US import costs of steel and aluminium, used in everything from baseball bats to cars and aircraft parts, are expected to rise by more than $100bn after Donald Trump raised tariffs on the metals to … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tata Steel has warned that it could be excluded from tariff-free access to the US under the UK’s trade agreement with Washington, putting more than £150mn worth of annual exports at risk. Britain’s largest steel … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Swiss government has proposed increasing UBS’s capital requirements by up to $26bn in an attempt to reduce the risk of another Credit Suisse-style collapse, a move UBS previously called “extreme” and “excessive”. Switzerland’s Federal … Read more
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. The UK financial regulator is planning to lift a ban on some retail investment products linked to cryptocurrencies, in a thawing of its hardline stance on digital assets as the British government pushes to make the … Read more