One thing to start: Tim Leissner, the disgraced former Goldman Sachs banker at the heart of the multibillion-dollar 1MDB scandal, has been sentenced to two years in prison, ending one of the most infamous prosecutions in Wall Street’s history. And another thing: Wall Street is warning that a little-publicised provision in Donald Trump’s budget bill … Read more
Nigeria cracks down on ‘spraying’ money at parties to defend currency
Our co-host Rob Armstrong has been talking about the “Taco trade” (Trump Always Chickens Out) for a few weeks, and on Wednesday a journalist asked the US president about it. Trump did not like the question, not one bit. But the internet did. Now traders are worried Trump might not chicken out. Did Rob just … Read more
European private equity group EQT should capitalise on investor fears about the US to build up its business in the country, buying up rival firms if necessary, its founder and chair has told the Financial Times. “We probably need to get more presence in the US,” said Conni Jonsson, who started the asset manager in … Read more
Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. China has pledged to open its markets to more products from Pacific Island nations, increase economic assistance and step up support for their fight against climate change as the US retreats from the … 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 Wall Street is warning that a little-publicised provision in Donald Trump’s budget bill that allows the government to raise taxes on foreign investments in the US could upend markets and hit American industry. … 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 Donald Trump has been on quite a journey since the days when he said bitcoin “seems like a scam”. This week, the Trump family media company said it was raising $2.5bn from investors … 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 a senior fellow at the Atlantic Council and advises the technology company Disruptive Industries. European countries are ratcheting up their defence spending at extraordinary speed; they have no choice. As Washington hints … Read more
This is an on-site version of the White House Watch newsletter. You can read the previous edition here. Sign up for free here to get it on Tuesdays and Thursdays. Email us at [email protected] Good morning and welcome to White House Watch! Today let’s talk about: A US court may have just torpedoed Donald Trump’s global trade policy. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Arabia’s finance minister said the kingdom would “take stock” of its spending priorities as it grappled with a sharp drop in oil revenue and the global tumult triggered by US President Donald Trump’s tariffs. … Read more