Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The dollar slumped on Monday as investors responded to mounting uncertainty over US economic policy following President Donald Trump’s attacks on Federal Reserve chair Jay Powell. The dollar fell to a three-year low … Read more
Crypto casino takings have soared to tens of billions of dollars a year, new data shows, as gamblers bypass blocks in their home countries to bet on unregulated offshore platforms. Despite being illegal in most countries, wagers paid in cryptocurrency last year generated $81.4bn in gross gaming revenue (GGR), the difference between bets taken in … Read more
Growing up in New Delhi, 38-year-old health worker Nausheen Zaidi said her parents invested in fixed deposits, life insurance and land. But after her husband introduced her to the stock market in 2012, Zaidi started small there, putting money into mutual funds, later investing Rs30,000 ($350) during the pandemic and “tasted blood”, she recalls. Her … 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 research fellow at the Mossavar-Rahmani Center for Business and Government in the Harvard Kennedy School and former assistant secretary for international affairs at the US Treasury Donald Trump has already withdrawn the … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US manufacturers and service sector companies will focus on a key activity number next week to assess the damage from Donald Trump’s tariffs. A monthly composite poll by S&P Global of purchasing managers, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Luxury chocolatiers are shrugging off volatile raw material costs to enjoy a boom in demand, saying some consumers are responding to the higher prices and reduced cocoa content in mass-market products by trading up to … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s latest export controls on rare earth minerals could cause shutdowns in automotive production, with stockpiles of essential magnets set to run out within months if Beijing fully chokes off exports. Beijing expanded its export … Read more
Argentina’s libertarian president Javier Milei made a high-stakes strategy change this week, scrapping a currency policy that has underpinned his battle against inflation but unnerved investors. Milei has relied in part on Argentina’s long-standing strict currency controls to tame chronic price rises. The central bank has dramatically strengthened the peso in real terms, but burned … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The simultaneous surge in the euro and German government bonds this month suggests a “capital flight” to Eurozone’s benchmark debt as a haven from trade war turmoil, say investors. German bonds and the euro typically … Read more
