February 1 Donald Trump announces 25 per cent tariffs on imports from Canada and Mexico — except Canadian energy, to be tariffed at 10 per cent. US hits China with 10 per cent tariffs. In response, Canada puts 25 per cent tariffs on C$30bn (US$20bn) of US imports, rising to C$155bn after 21 days. Mexico … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s social media company slumped after the president opened the door to selling his entire $2.3bn stake, just as global investors are bracing themselves for his “liberation day” tariffs. Shares in Trump … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Greencore has struck a deal to acquire rival UK convenience food group Bakkavor for £1.2bn after being rebuffed with an earlier takeover offer. Pre-packed sandwich maker Greencore said on Wednesday that the acquisition would create … Read more
Commodities traders are using the bumper profits earned during the energy crisis to snap up assets and bet on new businesses, from petrol stations to power plants, in a shift that increases their hold over complex global supply chains. Leading private trading houses Trafigura, Vitol, Gunvor and Mercuria have collectively earned more than $57bn in … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Circle Internet, the US group behind the world’s second-largest stablecoin, has filed to list in New York, the first major cryptocurrency company to try for an initial public offering since President Donald Trump ushered in … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Deutsche Bank’s asset manager DWS has been fined €25mn by German prosecutors over a greenwashing scandal following long-running investigations by authorities in the US and Germany. DWS, which is 80 per cent owned by 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 Bank of England has fined the prominent English financier Jay Hambro for his conduct while a director of Wyelands Bank, the British lender owned by Sanjeev Gupta that collapsed in a scandal. The BoE’s Prudential … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nigeria’s president has replaced the board of the country’s state-owned oil company and put a former Shell executive in charge, as Africa’s largest crude producer tries to revive output and attract investment. President Bola Tinubu … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Monday was the end of the quarter, and you know what that means! That’s right: Trillions of dollars will be slightly rejigged because of an arbitrary date in an arbitrary calendar according to arbitrary rules … Read more
Stay informed with free updates Simply sign up to the Accountancy myFT Digest — delivered directly to your inbox. Talks to allow US accountants to practise in the UK and vice versa have stalled following disputes including over how to judge the quality of American audit training. Accounting profession leaders on both sides of the … Read more