Senior Trump administration officials attended an event on Thursday celebrating the $18bn expansion of an LNG export terminal by Venture Global, the upstart producer lauded as a harbinger of renewed US energy dominance. But just as energy secretary Chris Wright praised chief executive Mike Sabel as a “great, bold founding CEO” in his speech at … Read more
Banks are trying to catch up to one of the hottest trends in consumer finance and head off competition from fintech start-ups, allowing clients to buy what they want when they want it and pay later on instalment — usually interest free. JPMorgan announced a new partnership with Affirm in February to offer the instalment … Read more
For SpaceX, 2025 should have been the best year yet. Elon Musk, the founder of the private space company, is one of the most influential people in the Oval Office, and President Trump has endorsed his vision of sending humans to Mars. But so far, it has not been a great year for the rocket … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. How do you know when a bubble has popped? Twenty-five years ago on Monday, a multiyear US stock rally hit its peak and began a precipitous decline that would wipe 77 per cent off the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s largest wealth managers are selling their holdings in investment trusts, leaving the £274bn industry exposed to more opportunistic and activist investors, experts have warned. Wealth managers divested some 1.2mn investment trust shares last … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. JPMorgan Chase claimed to the UK financial regulator that it had evidence indicating former Barclays chief executive Jes Staley was involved in criminality related to sex offender Jeffrey Epstein’s convictions, a London court was told. … Read more
A day after landing on the moon, the robotic Athena spacecraft built by Intuitive Machines of Houston is dead. In an update on its website on Friday, the company confirmed that Athena had tipped onto its side — the same fate that befell its first lunar lander, Odysseus, last year. With its solar panels unable … Read more
Oil prices rebounded on Friday after Russia’s deputy prime minister suggested oil cartel Opec+ could reverse a plan to increase crude production. Alexander Novak said that while Opec+ would proceed with a plan to start pumping more oil in April, the group could “always play in the other direction” if the market became oversupplied. In … Read more
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Revolut and Visa have filed legal challenges against the UK’s Payment Systems Regulator, with the companies arguing that the watchdog has overstepped its powers with a proposed cap on international digital transaction fees. The … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brazil is to slash import duties on foodstuffs ranging from sugar to sardines in a bid to control rapidly rising prices, running counter to Donald Trump’s protectionist onslaught and the spectre of trade wars it … Read more