Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Czechoslovak Group, one of Europe’s largest ammunition makers, will slash its interest costs almost in half on up to €1.8bn of debt, in a sign of investors’ newfound enthusiasm for the continent’s defence … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The price of cobalt jumped on Monday after the world’s biggest producer extended a ban on exports of the battery metal, in an effort to support the market following a sharp sell-off in recent years. … Read more
The two types of stablecoin are boring and exciting. Boring is where it’s at right now. Issuers like Circle and Tether have spent the past year or two making their stablecoins sound as boring as possible, better to compete against banks and merchants whose planned stablecoins promise to be very boring indeed. Meanwhile, there’s this: … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What makes a mineral critical? Governments and markets may take different views. Vanadium, which appears on the official US list, is getting no special treatment from commodity buyers. Despite a few spikes, the benchmark price … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Monte dei Paschi di Siena said the European Central Bank had approved its proposed takeover of larger rival Mediobanca. The Italian lender said in a statement on Wednesday that the central bank had given the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels is poised to announce new rules for the fast-growing stablecoin market, shrugging off warnings from the European Central Bank that the standards could destabilise the region’s banks during periods of market volatility. The European … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Babcock International raised its profit targets and dividend on Wednesday, sending shares in the UK’s second-largest defence contractor up more than 12 per cent and cementing its position as the best performer on the FTSE … Read more
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. It appears that the ceasefire in the Middle East is holding, despite some huffing and puffing from Israel … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Over on mainFT there’s a story about a new rouble-backed stablecoin, called A7A5, and a new exchange that uses it, called Grinex: A new cryptocurrency token designed to allow cross-border payments in spite of western … Read more
Crypto coin for Russian shadow payments moves $9bn